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Paving the Way: Debt Management Strategies for Construction Companies

410 companies within the construction sector became insolvent. Infact, the construction industry ranked 2nd, contributing 16% of US business insolvencies. Amidst overgrowing project backlogs, slow-paced collections, and retainage requirements, you constantly struggle to manage debts. Along with poor financial management, another reason for this alarming trend is that you mostly purchase construction materials in bulk […]