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4 Keys to Construction Financial Management in 2024
Whether it is coping with fluctuating materials costs or navigating multi-state compliance demands, the financial management workflow within the construction industry is one of the most hectic throughout the business world.
Rental
Do Your Homework to Get Financing
Business
Baltimore Bridge: Supporting Workers’ Families and Addressing Force Majeure Clauses
Business
How Potential Tax Changes May Impact Your Construction Biz
Coaching & Consulting
The Cost of Quality
Concrete Equipment & Products
Buying Used Concrete Equipment? Beware of Hidden Liens
Recommended
Business
White Cap Expands Reach in Oklahoma, Oregon
White Cap has acquired Bend Construction - a supplier of struts, fasteners, anchors, and concrete accessories and products - and Crimson Steel - a distributor and fabricator of engineered steel rebar and structural steel products.
Business
OTR to Open Factory in Mexico
Located in Apodaca, a city in the Monterrey metropolitan area, the site was strategically selected to supply OEM customers with products and services such as tire mounting, sequencing, just-in-time supply and warehousing on a local basis.
Business
Construction Supply Chain and the Baltimore Bridge Collapse
How much will construction and other supply chains be impacted by the collapse of the Baltimore Bridge and the suspension of traffic through the Port of Baltimore? End users may temporarily face delays and increases.
Latest
Construction Safety
3 Tips for Managing Economic Risks on Construction Projects
While you can’t eliminate risk entirely, you can take steps to help reduce it, avoid it and protect against it.
Business
JA Mitsui Leasing Buys Oakmont Capital
JA Mitsui Leasing announced today that it has acquired a 100% interest in Oakmont Capital Holdings.
Coaching & Consulting
Your Balance Sheet: A Critical Financial Tool
The balance sheet is one of the most underutilized financial tools in business, and it shouldn’t be. It can provide valuable information about the health of your business, and also help you ensure the accuracy of your financial statements.
Business
How Your Business Story Matters: Construction Equipment Financing from Story Lenders
Amid economic uncertainty, banks are tightening lending standards. That’s when story lenders provide an alternative for mission-critical equipment acquisition.
Financing, Insurance & Leasing
Innovation in Construction Will Help Operators Meet the Challenges of 2024
ESOPs allow sellers to realize the value for their company while retaining legacy and rewarding their employees.
Business
Billd Adds to Leadership Team
These appointments highlight Billd’s commitment to serving commercial subcontractors at scale, by building a high-performing leadership team to set and execute against ambitious growth goals.
Financing, Insurance & Leasing
What Your Construction Business Numbers Mean in 2024
Prices are up, inflation is up -- how are you planning for your construction business in 2024?
Business Services
Coast Fuel Cards
The Coast Fuel and Fleet Card helps contractors and rental companies control, monitor, and manage their fleet and business expenses.
Business
Construction Labor Report Discusses Constricted Labor Pool
This report analyzes how the labor force has shifted since the pandemic and provides practical strategies for how organizations can adapt.
Business
Forward Bound: Reflecting on 2023's Construction Trends, Envisioning 2024
Technology can help provide you with the project reporting requirement to document progress on key performance metrics such as completion rates.
Webinars
Selecting High Value Construction Equipment
March 14, 2024
View
Join two industry veterans from Caterpillar to uncover the equipment choices that deliver the biggest bang for your buck.
Business
Long-term Tax Planning for Your Construction Biz
Management needs to spend time with tax experts to understand what their tax position was for the past year, how it looks for the current year, and to see what is on the horizon for the following year.
Business
How to Plan for 2024 & Beyond
Looking forward, contractors must improve productivity by accelerating revenues or speeding up the workflow.
Business
Utilizing eDiscovery in Construction Litigation
The complex landscape of construction-related litigation requires construction firms to think more strategically about how they approach legal matters.
Financing, Insurance & Leasing
Navigating Used Equipment Purchases: A Closer Look at Hidden Liens
While most used equipment purchases go off without issue, there is a circumstance that buyers should be aware of, and that’s whether the used equipment in question has a hidden lien on it.
Financing, Insurance & Leasing
Why Construction Contractors Should Consider Selling to an ESOP
Garry Bartecki talked with ESOP expert Nathan Perkins about ESOPs, the state of the market, and what is impacting the market and decision-making.
The Contractors Best Friend
The Contractor's Best Friend Podcast Season 7 Episode 13: Maximize the Trade-In Value of Your Equipment
Brad Humphrey and Caterpillar construction experts discuss how to get the maximum value for heavy equipment when doing a trade-in.
Business
Technology is Reshaping What it Means to Run a Lumber and Building Materials Business Successfully
Advancements in ecommerce, inventory management, business intelligence, machine intelligence, and sales and financial forecasting are reshaping the LBM landscape.
Construction Technology
Autodesk Event Focuses on AI, Interoperability
At Autodesk University, the company announced artificial intelligence (AI) features across multiple construction software products—but the real story may be interoperability.
Financing, Insurance & Leasing
Mack Trucks Launches ElectriFi Subscription for MD Electric Vehicles
The ElectriFi Subscription comes with access to Mack’s suite of Uptime services, including telematics and Mack OneCall, Mack’s 24/7 roadside service and more.
Business
Equipment Inventories Are Improving. Now What?
How inventories affect your bottom line and how to mitigate the reduction of asset valuation.
Business
Arcoro Reveals New Partnerships
Arcoro is adding HCSS and ABC Insurance Trust to its network and expanding its partnership with Aktion & Associates. Arcoro is also launching its payroll solution to complement the company’s Core HR module, simplifying the payroll process.
Financing, Insurance & Leasing
Lean Construction Plus Project Financial Management Protects Profits
Construction businesses are high-risk endeavors working expensive projects with thin margins.
Webinars
How Insurance and Technology Work Together to Greatly Reduce Risk
October 18, 2023
View
In this session, you’ll learn why good safety programs encompass more than just worker safety, and how safe equipment operation and careful equipment management play a major role in improving safety and reducing risk.
Construction Safety
4 Ways to Protect Fleet Drivers on the Road
Safe driving is about protecting your employees and those on the road. When you make a commitment to hiring safe drivers, you help make the road a better place.
Financing, Insurance & Leasing
Is There a Lien on That Used Equipment You Are Buying?
Buying used equipment from the original owner makes everything easier, as the paper trail gets more challenging to complete with each previous owner.
Financing, Insurance & Leasing
Valuing & Selling for Larger Contractors
How companies with more than 25 employees should plan for the future.
Digging Deeper
Funding Gray Collar Payroll
This Digging Deeper podcast episode features HKA Enterprises explaining what an employer of record bringing a funded payroll can do for construction and contractor businesses.
Business
Contractor Lessons from the Game of Golf
Golf has a lot in common with construction. It is very much a game of skill, and risk versus reward. Here are some takeaways that contractors can learn from the game of golf.
Financing, Insurance & Leasing
3 Ways Small Business Owners Can Improve Their Chances of Receiving a Loan
It’s important that when that moment comes, small business owners in any industry, but especially construction, put themselves in the best position possible to be able to receive the financing they need.