Blog
A Constant Stream of Helpful Content on Getting Paid in Construction
Optimizing Payment Approval Workflows in Construction
In construction, sticking to the schedule is tough. Smooth payment approval workflows are essential to ensure that projects stay on track, meet subcontractor needs, and manage finances effectively. The intricate nature of construction projects involving various stakeholders and phases contributes to the complexity of this process. Delays or inefficiencies in payment approvals lead to project […]
Read more
How Project Management Analytics Improves Construction Planning and Profitability
Tight margins and deadlines, complex projects, price increases, and unexpected challenges–that’s the construction industry in a nutshell. Effective construction planning tackles these aspects head-on so you can deliver projects on time and within budget. And stick to the highest quality standards. But, traditional methods depend more on experience and intuition. Unfortunately, that means bias and […]
Read more
Credit Talk w/ Lori: The Role of Analytical Skills and Customer Rapport in Effective Credit Management
Credit professionals in construction must be able to analyze financial data and build strong relationships with customers. These competencies not only help in making informed credit decisions but also facilitate trust and cooperation with clients. We explore these essential aspects through the experiences of D’Ann Johnson, CCE, and Janet Glover, two seasoned professionals who shared […]
Read more
How Online Payments Enhance Subcontractor Trust and Collaboration
The relationship between contractors and subcontractors is crucial for project success. Trust and collaboration are key, and online payment systems play a significant role in fostering these elements. This article explores how prompt online payments can strengthen subcontractor relationships, improve project outcomes, and foster long-term partnerships. The Importance of Trust in Subcontractor Relationships Trust is […]
Read more
Credit Talk w/ Lori: Optimizing Purchase Orders for Sales
In episode 6 of “Credit Talk with Lori,” hosted by Handle.com’s Lori J. Drake, CBA, Dana Petitt, Regional Credit Manager with Gulfeagle Supply, discusses the complexities and opportunities associated with managing purchase orders in the construction supply industry. Purchase orders (POs) are critical in the supply chain. They serve as formal agreements between buyers and […]
Read more
From Bid to Contract: 5 Tips to Close More Construction Projects
You have a great team with the proper skill set, quality materials, and a good reputation. So why are you struggling to land construction contracts? Contracts fuel construction businesses–and a lot of hard work goes on behind the scenes to secure those bids. It’s more complex than just putting the best price on the table. […]
Read more
5 Lessons on Biases in Construction Credit Management
Credit managers in construction must be aware of the factors influencing decisions. In a recent Building Blocks Community webinar hosted by Handle.com’s Lori J. Drake, CBA, A-Core Concrete Cutting Inc.’s Corporate Credit and Contracts Manager D’Ann Johnson, CCE, delivered an insightful presentation titled “Unintentional Bias: Prejudice & Assumption.” Johnson emphasized how unconscious biases can impact […]
Read more
Balancing Act: How Time Management Enhances Relationship Building in Credit Management
In episodes 3 and 4 of “Credit Talk with Lori,” hosted by Handle.com’s Lori J. Drake, CBA, seasoned credit professionals Krystal Daughtery, CCE and Victoria Terrell shared their insights on the delicate balance of time management and relationship building in credit management. These episodes provide a wealth of knowledge from experts who have successfully navigated […]
Read more
How to Enhance Customer Education for Your Construction Business
Not everything is intuitive. Some products and services must be explained so customers can get the most out of what a business offers. In situations like this, it makes sense to pay attention to the efforts your business is putting into customer education. Let’s examine what you can do to ensure your customer education is […]
Read more