Category: Financing
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Upcoming Contractor Opportunities in Revitalizing America’s Cities 2025
Cities and counties throughout the U.S. are revitalizing downtown areas, providing more housing, adding revenue-generating attractions, and repurposing other public areas. There are numerous drivers behind these types of focused projects, with population growth and the critical need for upgrades to aging facilities standing out as primary reasons. Visionary municipal leaders are planning for the…
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6 Equipment Finance Predictions for 2025: Mitsubishi HC Capital America
Mitsubishi HC Capital America has shared six pieces of insight that are expected to impact the equipment finance industry in 2025. “The convergence of economic shifts and technological advancements in 2024 has created a unique financing landscape for 2025,” said Brian Rosa, president of commercial finance for Mitsubishi HC Capital America. “While many organizations may…
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Bridging the Contractor-Carrier Gap Speeds Weather Claim Resolution
The increase in extreme weather events is making already arduous processes, such as assessments, adjustments, and repairs, more difficult, creating delays in repairs and longer claims cycles. Data from JD Power shows the average claims cycle has increased by six days in the last two years, going from 17.9 days to 23.9 days, and for…
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New Financing Model Benefits for Construction Companies
The construction market is experiencing an oversupply of equipment as dealers who previously purchased large quantities now hold excess inventory, creating a prime opportunity for buyers to acquire new machinery for their businesses. Additionally, the construction equipment market is grappling with a complex mix of economic pressure, supply chain challenges, regulatory changes, and shifting market…
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Weighing the Importance of Costs and Client Relationships in Construction
Over the past five years, small and midsize construction businesses have been hit hard by supply chain disruptions, inflation, and geopolitical pressures that have driven up material costs and intensified labor shortages. While some market conditions have stabilized since the initial upheaval, many contractors still face persistent challenges, affecting their cash flow and bottom line.…
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Construction Industry Could Face Tariff Trouble
As the new year is starting up and U.S. citizens turn their sights to the 2025-2029 term president-elect Donald Trump’s new term and what it could mean, some of the construction industry is beginning to worry about the proposed tariffs. It has been anticipated that the Trump administration will place high tariffs on China, Mexico,…
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ABC: Material Costs Down 0.2% in December, Up 0.9% YoY
One of the many economic indicators we’re all watching is the price of materials in the construction industry. With political and economic changes in the mix, what can contractors expect for prices in 2025? Associated Builders and Contractors (ABC) offers a glimpse. According to ABC: Construction input prices decreased 0.2% in December compared to the previous month,…
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Peabody General Contractors and Horsepower Site Services Rebrand as HEI Civil
HEI Civil, a heavy civil construction company, announced the official rebranding of Peabody General Contractors and Horsepower Site Services to HEI Civil. Peabody General Contractors was acquired by HEI Civil in 2018, and Horsepower Site Services joined the company in 2019. “This rebranding marks a significant milestone in our journey to become the nation’s premier…
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How to Prep for 2025’s New Construction Business Agenda
You are probably in the process of closing out 2024 and finishing your game plan, budget and cash flow projections for 2025. You are doing this, right? Some of your planning was based on your thoughts about the outcome of the election. If so, at least 50% of you got it right. So, seeing that…