The construction industry drives infrastructure and economic growth, but managing payments and receivables can be a challenge. Misconceptions about debt collection often prevent construction companies from optimizing cash flow. At Caine & Weiner, we are here to clarify the facts and demonstrate how our modern collection strategies support the construction sector. Myth 1: Construction Companies Don’t Need Debt Collection Services …
Managing Cash Flow in the Construction Industry
The construction industry faces unique challenges in managing cash flow, especially given the industry’s project-based nature, long payment cycles, and reliance on complex supply chains. For construction companies, cash flow management is critical to maintain stability, pay for materials and labor, and fund future projects. Here are some strategies to help construction companies improve cash flow and minimize financial risk. …