Business > Business Services > Financing, Insurance & Leasing | For Construction Pros

The market for used equipment is vibrant, and a significant majority of transactions happen without lien-related complications.

Navigating Used Equipment Purchases: A Closer Look at Hidden Liens

While most used equipment purchases go off without issue, there is a circumstance that buyers should be aware of, and that’s whether the used equipment in question has a hidden lien on it.

ESOPs give the seller the ability to value the company independently based on free cashflow and not based on bids from competitors.

Why Construction Contractors Should Consider Selling to an ESOP

The Contractor's Best Friend Podcast Season 7 Episode 13: Maximize the Trade-In Value of Your Equipment

Advancements in ecommerce, inventory management, business intelligence, machine intelligence, and sales and financial forecasting are reshaping the LBM landscape.

Technology is Reshaping What it Means to Run a Lumber and Building Materials Business Successfully

Audodesk CEO Andrew Anagnost kicks off Autodesk University 2023.

Autodesk Event Focuses on AI, Interoperability

The ElectriFi Subscription comes with access to Mack’s suite of Uptime services, including telematics and Mack OneCall, Mack’s 24/7 roadside service and more.

Mack Trucks Launches ElectriFi Subscription for MD Electric Vehicles

The facility will feature areas for welding, painting, and assembly, as well as an on-site warehouse and office space.

Bobcat Expands CTL, Skid Steer Manufacturing Footprint With New Factory

This new location was selected after extensive review and consideration of expansions at existing Bobcat locations, along with the potential for new developments at locations across the globe.

Soaring home prices, the nation’s most expensive property insurance market, high interest rates and increases in construction costs are all contributing to a housing affordability crisis in a state that cannot keep up with the demand.

3 Construction Trends You Can’t Ignore: Why a Former Congressman Sees a Building Revolution Coming

Soaring home prices, the nation’s most expensive property insurance market, high interest rates and increases in construction costs are all contributing to a housing affordability crisis in a state that cannot keep up with the demand.

Adobe Stock 201966421 Yuttana Studio

Construction Adds 16,000 Jobs in September

Several economic indicator reports relevant to the construction industry were released today, helping to paint a picture of the outlook moving into the fourth quarter of 2023.

Connected Support 3 (1)

Equipment Inventories Are Improving. Now What?

How inventories affect your bottom line and how to mitigate the reduction of asset valuation.

Arcoro is launching its payroll solution to complement the company’s Core HR module, simplifying the payroll process even more for current and prospective customers.

Arcoro Reveals New Partnerships

Arcoro is adding HCSS and ABC Insurance Trust to its network and expanding its partnership with Aktion & Associates. Arcoro is also launching its payroll solution to complement the company’s Core HR module, simplifying the payroll process.

The core features of project financial management are well established and their value to construction projects undisputed.

Lean Construction Plus Project Financial Management Protects Profits

Construction businesses are high-risk endeavors working expensive projects with thin margins.

With the emergence of new construction technologies delivering comprehensive data to contractors, the future of risk management is bright.

How Insurance and Technology Work Together to Greatly Reduce Risk

October 18, 2023

In this session, you’ll learn why good safety programs encompass more than just worker safety, and how safe equipment operation and careful equipment management play a major role in improving safety and reducing risk.

Driving vehicles and operating equipment comes with risk. And others on the road might not share the same commitment to safety as your business.

4 Ways to Protect Fleet Drivers on the Road

Safe driving is about protecting your employees and those on the road. When you make a commitment to hiring safe drivers, you help make the road a better place.

Adobe Stock 250222752 Ed Val

Is There a Lien on That Used Equipment You Are Buying?

Buying used equipment from the original owner makes everything easier, as the paper trail gets more challenging to complete with each previous owner.

Adobe Stock 147469420

Valuing & Selling for Larger Contractors

How companies with more than 25 employees should plan for the future.

Adobe Stock 5229830

Funding Gray Collar Payroll

This Digging Deeper podcast episode features HKA Enterprises explaining what an employer of record bringing a funded payroll can do for construction and contractor businesses.

Golf has a lot in common with construction. It is very much a game of skill, and risk versus reward. Here are some takeaways that contractors can learn from the game of golf.

Contractor Lessons from the Game of Golf

Golf has a lot in common with construction. It is very much a game of skill, and risk versus reward. Here are some takeaways that contractors can learn from the game of golf.

It’s important that when that moment comes, small business owners in any industry – but especially construction – put themselves in the best position possible to be able to receive the financing they need.

3 Ways Small Business Owners Can Improve Their Chances of Receiving a Loan

It’s important that when that moment comes, small business owners in any industry, but especially construction, put themselves in the best position possible to be able to receive the financing they need.

Once you’ve identified which risks create the most significant loss exposure, you’ll want to create a strategy to help manage those dangers.

Top 5 Unfunded Liabilities That Add Risk to Your Construction Business

No matter how you approach potential setbacks, it is crucial to develop a comprehensive risk management plan encompassing conventional insurance as well as alternative strategies for risk mitigation.

Adobe Stock 81225116

Time to Decide How to Grow Your Construction Business, Value

Using technology for your business improves the bottom line and decreases your time using pen and paper.

Off-highway electric vehicles are witnessing high adoption across various industries globally as governments aim to reduce carbon emissions and offer rebates and tax incentives to deploy these types of vehicles on construction sites.

Navigating the Shift to the Electrification of Construction Equipment

With sustainability at the forefront, manufacturers are providing electric options for contractors.

Payroll Funding To Provide Capital To Pay Construction Employees

What Is A Funded Payroll?

One of the largest expenses for any construction company is payroll. Among the benefits from an Employer of Record, let's go over what a funded payroll service is ... and what it can do.

New Mx Build Image Graphic Pr (002)

MX Build Launched at CFMA

With its Smart Pay feature, MX Build helps construction companies streamline payments and automate tedious work like lien waiver management.

The industry will be forced to consolidate to get maximum benefit from technology, and those that do adopt this technology will find themselves in a much better competitive position.

Improving Construction Profitability in a Tight Market

Industry expert Garry Bartecki talks about the role of technology in profitability and construction business success.

Executives from the equipment finance sector believe that business conditions will improve over the next quarter, CapEx leases and loans will increase, and they expect to have more access to capital to fund equipment acquisitions.

Equipment Finance Confidence Up in June

The Equipment Leasing & Finance Foundation released the June 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today.

Equipment costs are close to 20% of total construction costs.

The Agony of Idle Equipment on a Construction Jobsite

Poor controls cost you money two ways; loss of work and increase in costs.

Wet cutting can help to control concrete dust emissions when working in confined areas or inside structures.

Dust Off Your Jobsites

Concrete dust from sawing and drilling can present a hazard — but only if you let it.

Business owners need to be careful with their spending and managing their balance sheets during 2023, to avoid the pitfalls of inflation and overspending.

How to Handle Construction Equipment Spending in 2023

Business owners need to be careful with their spending and managing their balance sheets during 2023, to avoid the pitfalls of inflation and overspending.

Adobe Stock 457233198

Equipment Leasing & Finance Foundation Releases Economic Report

Equipment and software investment growth slowed in early 2023, resulting in the Equipment Leasing & Finance Foundation lowering its annual forecast for investment growth to 1 percent.

Many people think Section 179 and Bonus Depreciation are the same thing (especially since they are often talked about together). While it’s true they are both accelerated depreciation schedules, there are several stark differences.

Tax Alert: Bonus Depreciation is Being Phased Out In 2023

The popular tax deduction begins a phase-out in 2023. What does this mean for construction companies?

How green are your workers? Protect your construction business from business issues related to injuries and accidents.

Inexperienced Worker Conundrum: Help Protect Your Employees and Your Bottom Line

How green are your workers? Protect your construction business from business issues related to injuries and accidents.

By adopting digital tools that manage financial information in the most efficient and effective ways, builders can lay a solid operational foundation to enable them to survive – and even thrive – during economic volatility and achieve long-term success.

Managing Late Payments with Digital Tools

By adopting digital tools that manage financial information in the most efficient and effective ways, builders can lay a solid operational foundation to enable them to survive – and even thrive – during economic volatility and achieve long-term success.

Adobe Stock 239385900 Don

4 Signs Your Business is Ready to Offer Financing Options

Financing allows customers to make necessary home repairs on a budget. It also helps them tackle larger projects and upgrade to higher-quality products.

Year-Round Tax Strategies for Construction Companies

Year-Round Tax Strategies to Increase Construction Business Success

Use this starter checklist for year-round tax preparations to establish long-term growth and sustainability for your construction contractor business.

Buying a unit and financing it works if you have used units to trade-in or sell off to apply the proceeds to the purchase. It also helps if business is strong and generating taxable profits that you would like to avoid.

Consider the Construction Equipment Financing Options Available

There are contractors and rental companies needing to upgrade their fleets with either new or late model used equipment. Many of you reading this are probably in this situation; figuring out what you may need, what you can sell off or trade-in, etc.

construction workers wearing safety gear

Ways to Improve Construction Workforce Productivity in 2023

No matter what size your company is, you have to assume competitors are looking for ways to improve productivity and leaving you in the dust.

To combat economic challenges, the industry must leverage innovation and the recent three landmark pieces of U.S. legislation to mine the opportunities, while maintaining a healthy cautiousness as economic downturn looms.

Construction Companies Can Advance by Being Cautiously Bullish in 2023

To combat economic challenges, the industry must leverage innovation and the recent three landmark pieces of U.S. legislation to mine the opportunities, while maintaining a healthy cautiousness as economic downturn looms.

Unfortunately, according to PwC, the construction industry has a sales outstanding average of 51 days—the longest of any industry in the country—which is largely the result of relying upon inefficient processes to handle complex requirements.

Fix Construction Payments and Reduce Risk in a Tough Economic Climate

Unfortunately, according to PwC, the construction industry has a sales outstanding average of 51 days—the longest of any industry in the country—which is largely the result of relying upon inefficient processes to handle complex requirements.