Tag: Subcontractors
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Cash flow problems continue to plague subcontractors: report
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: There are stark divides between how builders manage their profit margins and how they retain available capital for sudden emergencies, according to a new report from Billd, a financial solutions firm for subcontractors. In its…
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Are Subcontractors Taking Over? What General Contractors Should Know
For decades, general contractors stood at the center of every job site, running the show, coordinating teams, and acting as the final word on everything from schedules to budgets. But lately, something’s shifted. The balance of power on construction sites is tilting—and fast. Subcontractors, once seen as supporting players, are stepping into the spotlight, often…
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How Subcontractors can Avoid Financial Distress
A combination of macroeconomic factors and a desire to drive top-line revenue continues to lead many subcontractors to underbid projects, sometimes unintentionally, ultimately contributing to financial distress. As more subcontractors succumb to the pressures of the environment, we may see a bubble form. Savvy general contractors are already taking steps to protect themselves from the…
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Onboarding Subcontractors with ShareFile – AEC Business
Construction is perhaps one of the most networked industries, with contractual relationships changing from project to project. Because of this, a general contractor (GC) frequently needs to onboard new subcontractors or trade partners and requires a simple, efficient process for managing documents and minimizing risk. Why systematizing onboarding pays Construction still includes a lot of…
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Why Subcontractors Need to Own Their Construction Data
Are subcontractors at a data disadvantage? As new construction projects get underway, a routine practice is for general contractors to ask their subs to use software such as Procore or PlanGrid. The GC’s goal is to ramp up efficiency by making sure all parties stay on the same page with billing, RFIs, submittals, logs, photos,…