Truss digest.

The past year was a tough one for many people, but in many ways, it was a good news story for construction. Demand for construction work remained sky-high throughout the year, and while some materials and input costs rose, others dipped.

There's lots of talk going around about a possible economic downturn. In some areas, evidence of hard times is already visible. How can contractors strengthen their businesses to survive during lean years?

It’s hard to overestimate the impact of cash flow during a construction project. Cash flow keeps materials coming, workers paid, and everything running on schedule. Without it, projects can be delayed or even fail.

High costs concern almost everyone, and contractors are no different. Everything from fuel, equipment, and materials costs are rising, and despite economic policies meant to curtail inflation, there's no immediate end in sight. Here we'll discuss some ways construction companies can maintain budgets and keep projects moving despite the high cost of doing business.

Contracts have long been the standard for managing risks for both owners and contractors on construction projects. However, contracts, and the risks they're meant to cover, are changing. How can contracting companies tailor their risk management strategies to continue protecting their interests during a building project?

Discover the top 6 financial management software options for general contractors to streamline cash flow, improve operations, and boost profitability. Learn key features to look for and find the perfect fit for your business.