Revenue Management
Milestone billing processes are an important way for contractors to manage invoice and payment cycles, ensuring cash flow. Current disruptions make nimble, milestone billing even more important then ever, though absorbing the revenue recognition…
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Top Ten Causes of Claims
Surprise? For the most part, claims and disputes tend to stem from the rush to move projects forward, although design, licenses and permits might not be finalized. Unfortunately, in the long run, the early…
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Surviving and Thriving!
Just two years before the great recession struck in 2008, Gary Schumal and Ron Plunk had set out to form their own construction company. Despite the challenges, their venture survived and thrived and is…
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Good Hiring Practices
Hiring, especially in construction, is tougher than ever. That’s why industry pros remind us that good preparation is essential. Dedicating time to having your hiring infrastructure at the ready pays off in the long…
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Do You Want Some More?
Money from the Infrastructure Investment and Jobs Act is headed to states. There are a number of resources to help contractors follow the money and compete, and whether you are going after a big…
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Reputation?
Predictions about what tomorrow will bring are never a sure thing—but having a strong reputation for getting projects done on time and on budget is a pretty sure bet when it comes to running—and…
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Informed Decisions: Jobsite Data
Running a profitable construction company requires knowing what’s actually happening on every jobsite, every day. This critical intel helps owners get a jump on issues that will impact success—and profits—if left unchecked. Pros observe…
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Invoice Scam?
Contractor? Are you being scammed? Experts say there’s a good chance you might be, given that middle market companies are averaging about $300,000 of losses annually due to incremental invoicing scams. In other words,…
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Stormy Weather
Who is going to tackle the work of rebuilding in Florida after Hurricane Ian? That’s a question on a lot of minds—and not just in Florida. As storms of every kind continue to surprise…
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