In the construction industry, many job or project contracts are awarded based on a closed bidding system. Once construction contracts have been awarded, there is usually a period of several months to prepare for their start.
Over the slower winter months, many contractors prepare their equipment and workforce for the spring project starts. During this period, it is essential to consider every aspect of both the project and what unforeseen issues could occur to negatively impact the project timeline.
Time is money and with so many different variables to consider –from subcontractors to delays due to equipment failure or inclement weather– it is very important to plan not only for the expected but for unexpected contingencies as well. To ensure that every contingency is covered, here is a brief checklist to review.
Most construction businesses will not have a large cash surplus banked for major expenses. It would not be a good use of liquid capital, so it is very important to have a strong business relationship with a trustworthy financing company.
This relationship will make certain that additional working capital can be located and available quickly when it is required. As a renowned alternative financing company, National Business Capital is committed to assisting our clients obtain just the right the financing their business requires.
We understand construction business cycles and the need to alleviate cash flow bottlenecks to pay suppliers, subcontractors, obtain equipment, and more.
Then we will work hard to assist you obtain the financing your business requires. For a confidential discussion, please call us at (877) 482-3008, or fill out our 1-minute application online.
This way you’ll start your spring projects in as little as 24 hours, with the added assurance that financial security provides.
National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Megan Capobianco is the Marketing Manager at National Business Capital & Services. Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.