Plant and equipment are essential to the completion of every construction job. Plant is also one of the biggest costs in construction companies’ accounting systems, yet many businesses fail to manage plant efficiently.
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our business might be at capacity and earning a healthy profit, but it all counts for nothing if there’s no cash in your account to pay suppliers, staff, and subcontractors. Cash flow problems can spiral dangerously, leading you to delay payments and risk losing the goodwill of your subcontractors, not to mention the future of your business.
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We all know construction is a risky business—but is your firm doing all it can to evaluate and mitigate risk? The Managing Risk in…
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