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Performance Bonds vs. Payment Bonds: Understanding the Differences
In the construction sector, clear and trustworthy financial safeguards are essential for project success. Two types of...
Apr 85 min read
4


How to Use Financial Statements to Secure Construction Business Loans
Running a construction business requires significant cash flow to cover materials, labor, and equipment costs. However, many contractors...
Mar 133 min read
13


The Impact of WIP Report on Construction Balance Sheets
A very important part of construction accounting is keeping track of work-in-progress (WIP) , which has a big impact on the bottom line...
Aug 28, 20245 min read
737


Top 5 Construction Billing Methods & Key Considerations
Effective billing practices are crucial for maintaining a healthy cash flow as a contractor. It also ensures the financial success of...
Jun 7, 20244 min read
127


The Ultimate Checklist for Securing Your Surety Bond Application
In the world of construction, surety bonds serve as essential tools  to ensure project completion and financial security. However,...
May 3, 20244 min read
118


Why Construction Companies Get Stuck in the Underbilling Cycle
In the competitive world of construction, managing finances accurately is as crucial as laying a strong foundation for a building. Thus,...
Apr 28, 20243 min read
59


Unlocking Surety Bond Underwriting Process: A Comprehensive Guide
Construction surety bonds play a pivotal role in the construction industry, offering financial security and peace of mind to all parties...
Apr 25, 20244 min read
133


Navigating Construction Surety Bonds: Types, Costs & Coverage
The world of construction revolves around trust and guarantees. For project owners, this means knowing the contractor they hire will...
Apr 18, 20244 min read
176


How High DSO Impacts Your Entire Construction Business
Running a construction business is no small feat. From managing projects and teams to navigating supply chains and client relationships,...
Apr 15, 20244 min read
105


7 Proper Bookkeeping Tips for Contractors
Accounting and bookkeeping for construction companies are a bit different than those for other industries. Construction companies face a...
May 29, 20223 min read
87


Your Best Guide for Construction Accounting Software in 2023
Are you in the construction industry? If so, you might have seen that keeping track of everything is a big job. There is takeoff,...
May 12, 20227 min read
302


Working Capital Construction and Why It Becomes a Key Benchmark
Working capital gives a span shot of a company’s financial health. In fact, it has become a powerful benchmark to evaluate how...
Mar 22, 20222 min read
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