Cash For Invoices? The Pros & Cons of Construction Factoring

| February 4, 2020

article image
When cash flow becomes a problem, you need options to help get cash coming in. It doesn’t matter how much you invoice, it’s the lack of payments that’s the issue! Bank loans, lines of credit, and credit cards are some options you can consider. But they can take a long time to process, require a credit check, and often require collateral. Construction invoice factoring might be the solution you’re looking for. We’ll look at what factoring is, why you might use it, and weigh the advantages and disadvantages – the pros & cons of construction factoring.

Spotlight

Greenheck

Greenheck is the leading supplier of air movement and control equipment that includes fans, dampers, louvers, kitchen ventilation hoods, and energy recovery and make-up air units. Greenheck equipment is used in all types of commercial, institutional, and industrial buildings in applications from comfort ventilation to manufacturing processes.

OTHER ARTICLES

3 IMPORTANT STEPS TO REVERSE ENGINEERING A PART

Article | April 8, 2021

Over the past 120 years, there has been a production of millions of machine parts and products worldwide. However, few of these products are still relevant over the years because of the technological advancement, but lots of old parts used in machines are still in use. When a part breaks down or malfunctions, it is usually replaced using a process known as reverse engineering. There are many things that can be learned from a machine or software, just from reverse engineering. This is because the concept behind the reverse engineering process is to break something down to help understand it, and the engineer can then build a copy or try to improve it. Furthermore, there is a need for a reverse engineering design process as the technology advances to ensure the existing manufacturing systems’ continuity. Reverse engineering is an important process for everybody as we will be forced to replace entire machines without it. In this article, we will break down everything you need to know about reverse engineering, from reverse engineering to reverse engineering processes.

Read More

How Precast is Leading Digitalization in Construction

Article | July 7, 2021

Experts from the construction industry predict a bright future for precast elements: the average annual growth rate of the global precast concrete industry is expected to be 5.3% between 2021 and 2028. In 2020, the precast concrete market was valued at around USD 92.14 billion and is anticipated to grow to over USD 139.33 billion in 2028[1]. However, the average growth rate of the construction industry as a whole is expected to be just 3.2% annually according to the Global Construction Report. Why industrialized construction in particular is growing faster than the rest of the construction industry can be explained by the numerous advantages of this technology.

Read More

On Engineering in Crisis: Choosing Gratitude

Article | April 29, 2020

It is important to find a balance right now and keep yourself surrounded by people you love, your family and friends. Stress is bound to happen during these extraordinary times. Meditation and connecting with yourself would help reduce any anxiety or panic that the mind creates. I am grateful that I am safe and healthy surrounded with my family, and I am thankful for having the gifts of life. It is up to us, to be grateful or be stressed. I treat this time as a luxury, time that I would have never gotten in my hustling life. I am trying to tick all the items in my to-do checklist that I have been postponing due to lack of time.

Read More

How Robotaxis Will Change the Way We Move

Article | February 19, 2020

From pedicabs to yellow cabs, hailing rides has been a decades-long convenience. App-based services like Uber and Lyft have made on-demand travel even faster and easier. With the advent of autonomous vehicles, ride-hailing promises to raise the bar on safety and efficiency. Known as robotaxis, these shared vehicles are purpose-built for transporting groups of people along optimized routes, without a human driver at the wheel.

Read More

Spotlight

Greenheck

Greenheck is the leading supplier of air movement and control equipment that includes fans, dampers, louvers, kitchen ventilation hoods, and energy recovery and make-up air units. Greenheck equipment is used in all types of commercial, institutional, and industrial buildings in applications from comfort ventilation to manufacturing processes.

Events