Projects We Love: Hurricane Harvey Cleanup
The devastation caused when Hurricane Harvey hit the Gulf Coast on August 25 was staggering. More than one million people were displaced and roughly 200,000 homes were damaged in a 300-mile span. The cleanup and recovery will be a long one for the region, but within a few months, contractors working for the Texas Department […]
Projects We Love: Independence Hall Visitor Center
The front door of one of the most historical sites in the country is undergoing a major renovation. The Independence Visitor Center, in Philadelphia, welcomes millions of people from around the country and around the world who want to see where the Declaration of Independence and the United States Constitution were signed.
4 Signs You Need to Hire an Accountant For Your Commercial Construction Business
If your company has more than a few employees, your revenue is growing, and you are juggling multiple jobs, it’s probably time to hire your own construction accountant, preferably a Certified Public Accountant. A good accountant often pays for themselves in a relatively short amount of time. After all, finances need to be current and […]
What Is Retainage in Construction?
Been pondering the question “What is retainage in construction?” without an answer? Read on. What is retainage? Retainage is a common word all subcontractors and construction-related businesses need to be aware of AND account for in their cash flow statements. The meaning comes from the words root, retain, or to hold. With contracted work, it […]
Construction Inflation: What you need to know for your next bid
There’s one word that has been popping up for a while now. Inflation. Inflation is the rise of materials, labor, and equipment. Not only does it raise costs, but it also heavily impacts the bidding process and cash flow on your projects. What numbers worked then don’t work now, and being adaptable to inflation is […]
The Future of the Construction Industry
America was built upon the foundation of freedom seekers. Our forefathers were able to create this country from their bare hands, paving out the roads to begin their journeys, building the homes to house their families and constructing the buildings that became their towns. The America we look back on was beautiful, intricate, and strong. […]
Small Business Construction Loans: How to Secure One
Within the construction industry, there are several myths I would like to bust! One of them is to change the negative perception around taking out a loan or needing funding! As businesses start out or begin to grow and scale, obtaining additional financing or securing small business construction loans to support cash flow to take […]
Trends and Problems in the Construction Industry
In November, much of my Mobilization Funding team and I attended The Dirt World Conference in San Antonio, Texas. It was an opportunity to join together, get educated and begin to strategize on some of the latest trends in construction! The focus of the meeting was really centered around the industry’s greatest resource — its […]
Alternative Lending Solutions: Why They Exist for the Construction Industry
Today, we are going to talk about a variety of alternative lending solutions and why they exist. Why this topic? Well, the construction industry is dynamic, as you know, and one day, the likelihood is pretty high that you will need some type of financing. Given the state of how contractors get paid and payout, […]
What is Cash Flow Funding & Why is it Important?
A growing contractor, been in business about 3 years, starting to get a handle on cash flow funding and generate some strong partnerships and leads with getting renewal contracts on projects, feeling good about the direction your business is headed with multiple projects going on at the same time, but then you check your business […]