How your contracts can help strengthen cash flow

Description

Abstract: All businesses experience the ebbs and tides of cash flow at some time or another. But it can be particularly hard for a construction company experiencing hard times. Fortunately, the very document that’s signed when starting a job can help turn that tide around. This article explains how a contract that pays close attention to payment terms, retainage and change orders can guard against having insufficient cash when the need may be greatest.