Why Construction Signage Is So Important

The right banners, posters, and signs draw attention to a construction site and can give people important information. This is why it is important to invest in construction signs, construction signage, and decals or labels. Such items can explain what is being built or renovated as well as explaining dangerous zones on the premises. Thus, these visuals are as useful as they are eye-catching. This is a chance to directly communicate with employees, visitors, and those passing a project. The following are some of the things to consider when investing in signage for a site.Advertise the ProjectBanners and flags ensure that people know what is going on at a construction site. This is a chance to market a construction company’s efforts and increase its profile in a community as well as a chance to inform people of what’s going on. If a mall is being built, people will no doubt want to know this. Every single day, people may pass this site, and it is a smart move to put up a banner so that a company’s name becomes well known. The best banners are strong and durable so that they will not fall down and can withstand weather conditions.Mark the TerritoryLabels and decals can be used to mark everything from helmets to trucks. This ensures that people know who is working on a project and whose trucks and equipment are around. This is not only a chance to market or publicize a project but also a chance to protect one’s items. Eye-catching labels and decals can include the name and logo of a company.Promote BusinessesEverything from printed posters to promotional products like cups and t-shirts can promote the project being worked on and the construction company getting the job done. This generates interest in this site and will also increase the profile of the business or group using the construction company’s resources.Follow the LawWith any construction project it is important to have the right construction signs. Construction signage helps with safety and ADA-compliant regulations and also explains to visitors the laws of the site. Additionally, this is a chance to identify both danger zones and things like parking spots. The right signs make it easy to visit a construction site and to understand things like entrances and exits.The best signs are clear, concise, and eye-catching. A construction company can really gain a lot from investing in top notch signage. After all, some of the signs, like those marking entrances or parking lots, can be used again if they are in good condition. Other signage, like banners explaining the project, will clearly communicate a site’s intentions and positively market companies. This is a chance to really make a construction site easy to navigate. Banners, posters, decals, and signs with bright colors, clear printing, and the best materials will no doubt build a construction company’s reputation in and around a community.

Construction Equipment Financing Requires Future Planning

The business owner has to consider two options when it comes to buying construction equipment. First of all there are primarily two paths to getting the construction equipment needed. Buying the equipment outright or leasing it. Both have advantages and drawbacks.Business Loans Can Help Buy Needed Construction EquipmentBulldozers, backhoes, and other digging equipment are some of the equipment necessary for starting a construction business is very expensive. Buying the equipment outright can be very cost prohibitive for the business start-up, but a business loan can level the playing field. If the construction equipment is maintained properly, it will last years past what a lease payment offers.Business owners also like the fact that once the business loan is paid off they own the equipment outright. This helps the business build accrued equity. The equity can be used later in time to help secure working capital if the need arises. This will most likely not be necessary since a good unsecured lines of credit can provide all the extra working capital they need in most cases. In terms of taxes, equipment that is owned can be counted on taxes as depreciation.The Benefits of a Leasing Construction Equipment Tax benefits of leasing equipment is one of the top benefits to the business owner. The IRS has made leasing 100% deductible and many business owners love this aspect of leasing equipment. The type of lease that gives this benefit is what is called a “true lease.” If you do not know what we mean by a true lease, the Internal Revenue Service uses the term true lease to define how a lease is structured.To qualify for “true lease” status, the construction equipment must be declared at fault fair market value when the leases end. This all this sounds complicated, but it really isn’t. If you have questions it is good to consult with a professional tax consultant to help you figure out your best options.The leasing company will often give an option to buy the equipment following the terms of the lease. Another benefit to leasing, is that business owners an often enter a lease agreement without a down payment. This is great for start-up businesses that do not have a lot of cash on hand.A Final Thought on Leasing Equipment verses BuyingWhen considering leasing verses buying equipment, it is important to consider the future and the long term effects to your business. Look at both sides of the coin, and determine the best route for your business.

Construction Factoring Dips Along With the Construction Industry

Very few companies are financing businesses in the construction industry today as the industry risk is still too great. Many general contractors and subcontractors are reeling from the effects of the building bubble.And to add insult to injury, many construction companies who obtained a business loan will probably, or already have found themselves out of covenant. This is due to falling sales. Simply put, banks won’t let them tap into their lines of credit until their sales are back on track.What’s more, even in the factoring industry, few companies dare to offer construction factoring since the risks of default are still high. However, in many cases a factoring company will be able to help. There are quite a number of firms specializing in construction factoring.Historically, construction factoring has been used in the construction industry for years. The latest trends indicate that the recent economic downturn and tightening of the credit markets has been especially hard on the construction industry. contractors are experiencing cash flow problems and having to focus on the new sustainable building code standards. The availability of commercial financing has been chaotic for the past year, so the situation is especially evident when seeking construction funding for commercial property.Invoice factoring allows businesses to obtain funds based on their current accounts receivables. construction subcontractors have to wait as long as thirty (30) to ninety (90) days to get paid for their outstanding invoices. Construction factoring advances funds against invoices and provides enough money to pay the bills.Following are a few things you can do for starters, to prepare better if you are in the construction business. Before calling any business finance company, be sure to have your house in order, specifically:1. Make sure you have up current, up to date financial statements. This includes a balance sheet, income statement/Profit & Loss, A/R aging report and AP aging reports
2. Handle any unpaid taxes as best you can,
3. Try to clean up your receivables – and quickly handle any accounts that are past due for more than 70 days.Although there are no guarantees in this economy, these three steps that should help you better position your company for funding.Also remember that the construction industry is one of several sectors that can benefit tremendously from invoice factoring. The sub-contractor, or construction company is no longer required to wait for payment before starting on the next phase of a project, or begin construction on a new project.Factoring enables the sub-contractor or construction firm can realize quick turnaround of 48 hours on accounts receivable due for completed stages of a construction project. With construction invoice factoring, the construction company, or sub-contractor, can be paid virtually overnight for these invoices (accounts receivable) thus speeding up cash flow and improving the company’s ability to start immediately on the next phase of construction.