A lot of information about the infrastructure bill is still coming into focus at the start of 2022.

With $125 Billion of federal funds available, it's important for contractors to know where those funds will be directed.

Currently, there are seven key areas that we know of so far where funds will be emphasized. 

Listen to this week's Walkthrough Wednesday for the full list.

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Construction is a relationship-based industry - we all know that.

But are you giving enough time and energy to the relationships inside of your business?

By taking a people-first approach to construction management, you can hire better (and retain more) employees, which is especially important given the current skilled labor shortage.

Our friends at Bridgit are experts at helping contractors develop people-first strategies.

Bridgit CEO Mallorie Brodie joined us for this episode to discuss how you can do just that.

Most subcontractors have an average DSO of 90 days.

They're the first to pay, and the last in line to be paid.

If it’s taking you 90 days to be paid, that means your working capital is sitting in your accounts receivable and you can’t use it to reinvest into new projects.

How are you suppose to grow your business? 

It's not easy. 

Listen to this week's Finance Friday to learn about what you can do.

With COVID-19 still dominating into 2022, experts have forecasted 5 trends that they believe will drive the industry in 2022.

• The bounce back of commercial office space

What do each of these trends mean for the industry? 

Listen to this week's Walkthrough Wednesday to find out. 

Having positive cash flow is imperative to the success of your business.

Without it, it’s very challenging to grow.

Why?

Because you won’t be able to expand into new geographical regions or hire additional labor to take on larger projects.

Unfortunately, when we talk to subcontractors, a lot of them are making the same mistakes and it’s hurting their cash flow. 

We’ve identified 4 things that negatively impact your cash flow.

Payroll, retainage, paying for assets with cash, and paying your bills too early. 

Listen to this week’s Finance Friday to learn about how you can avoid these mistakes.

Pennsylvania-based Balfour Beatty Communities, pleaded guilty to one count of defrauding the US Military. 

For six years, they caused military families to suffer as they were forced to wait through lengthy and unnecessary delays of maintenance issues. 

BBC employees were accused of closing work orders before maintenance had been completed.

During the December 2021 ruling, the U.S District Court ordered Balfour Beatty to pay $65 Million in fines and restitution. 

Listen to the full story on this week’s Walkthrough Wednesday 

In construction, a lot of time and energy is wasted in the communication process between the field and the office.

As our industry continues to embrace technology and innovation, purchasing and material management is an area that still lags behind.

But with the arrival of companies like StructShare, we will soon shift towards an e-commerce approach in order to enable efficient purchasing.

Building a strong positive brand around your construction business helps you stand out and not become a commodity.

The minute you become a commodity, you start competing on price and racing to the bottom. 

That's not where you want to be.

So, how do you stand out?

By putting in quality, competitive bids, doing high quality work in the field, and developing strong relationships with your GC.

What else can you do? 

Listen to this week's Finance Friday to learn more.

On August 29th, 2021, Hurricane Ida slammed into the gulf coast of Louisiana. 

The hurricane left a lot of damage in its wake, specifically in the town of Barataria. 

The main bridge that connected the 1200 person community to the mainland was destroyed; leaving the town stranded.

Thankfully, @Acrow, a modular bridge company, was able to quickly fabricate a modular steel span to reconnect the community to the mainland. 

Listen to this week's Walkthrough Wednesday to learn more about this story.

During really high inflationary periods, you should be holding long term debt.

Why?

Because inflation brings down the value of the dollar down meaning you're technically paying less per month despite the payment being the same.

So, during high inflation periods, you should be taking out debt and amortizing it over a long period of time.

Listen to this week's Finance Friday to learn more about leveraging during high inflation periods.