Category: Insurance & Leasing
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How Construction Companies Can Protect Cash Flow Amid Industry-Wide Payment Delays
Late payments and slow cash flow have plagued the construction industry for so long that most of us think of it as the norm. And it’s only getting worse – according to one recent report, 82% of contractors now face payment waits of over 30 days, up from 49% just two years ago. Slow payments…
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Putting ESOPs to Work in Construction
Interest in employee stock ownership plans (ESOPs) has surged significantly within the construction industry. Where this was once a niche strategy for business owners seeking liquidity or an exit solution, the concept is now trending among construction firms. I connected with George Thacker, Managing Director at CSG Partners, the nation’s largest ESOP investment banking practice,…
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Safety Isn’t the Problem — Resistance Is: How to Build a Culture That Actually Protects Your Crew
In construction, safety isn’t in a classroom, it’s forged in the field. Most jobsite injuries aren’t freak accidents but the result of small oversights, ignored signals, or old habits that persist because “it’s always been done that way.” The real threat isn’t lack of knowledge; it’s cultural resistance. Pie Insurance’s 2025 Workplace Safety Report confirms…
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How Construction Firms Can Build a Strong Financial Roadmap Amid Rising Costs and Growth
As your construction firm navigates today’s economic landscape, the $1.2 trillion public infrastructure bill, passed a few years ago, continues to carry both promise and uncertainty. Nevertheless, the domestic procurement preferences and materials sourcing requirements tied to this legislation still hold the potential to create meaningful growth opportunities. That said, it’s crucial to be prepared…
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Financing for Equipment Rentals | For Construction Pros
Equipment manufacturers, as well as their customers, look at construction equipment financing as routine. A necessity if you will — especially if you don’t have the hundreds of thousands of dollars sitting around burning a hole in your pocket. But, you know, who does? Having a deeper understanding of ways rental companies can use financing…
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Insight into Rental Leasing and Compliance
If equipment rental companies are searching for financing options that might provide financial flexibility and inventory management, leasing might be something to consider. Recently, Fame Rental’s CEO Joe Lewis shared some insight into what the opportunities in equipment leasing and how it can create a new level of complexity for rental businesses. Especially for accounting…
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How Controlled Insurance Programs Help Large Construction Projects Avoid Failure
Large scale or “mega” construction projects routinely fail – and sometimes even small and mid-sized projects – costing project owners and governments billions of dollars and sometimes completing years after the expected completion date. In Toronto, the Eglinton Crosstown LRT is a particularly well known example, running at least five years behind schedule and costing millions more than initially…
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Dynapac Appoints Yann Monnet North American President And General Manager.
Just before World of Asphalt 2025, the biggest annual trade show for the asphalt industry, it was revealed by Dynapac North America that Jamie Roush would be stepping away from his role as president, a role he assumed in September 2021. During his more than three and a half years leading the company, he oversaw…
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6 Ways Outsourced Accounting Helps Construction Companies Prepare for Tax Season
Recent findings from Adobe revealed that only one in three small business owners feels prepared for tax season. While filing taxes is an undoubtedly stressful and burdensome task in and of itself, messy and inaccurate record-keeping throughout the year can further exacerbate the stress of tax season. With the scramble of the 2024 tax season…
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Safe Driving Strategies for Construction Crews and Fleet Managers
Safe driving practices are paramount in the construction industry, serving as a critical safeguard for workers and a strategic measure to mitigate financial and operational risks. And yet, the construction sector remains one of the most dangerous industries for workers. As many as 1 in 5 workplace fatalities occur on a construction job site, according…