General contractors and subcontractors across the nation are witnessing increases in construction costs, be it for department of transportation contracts or commercial, industrial, institutional and residential projects. While some companies, due to their size and geographical range, have been aware of the trend from the beginning, others are dealing with it on a case-by-case basis and are seeking data to confirm their suspicions.
One of the most important considerations is the repayment schedule offered by your lender when deciding to finance a piece of equipment or inquiring about a working capital loan. Weighing the options for repaying your loan is an easy way to gain control of your business' cash flow and flexibility in your finances is critical to running your business efficiently.
Gov. Gary Herbert and Treasurer David Damschen announced that S&P Global, Moody's Investors Service and Fitch Ratings have reaffirmed the State's AAA credit rating — the highest rating a state can receive.
"Utah once again stands out as a leader in the nation for its broad fiscal and economic success, which can be largely credited to our conservative approach to budgeting, debt management and other financial policies," Herbert said.
The vast majority (78 percent) of U.S. businesses of all sizes – from small entrepreneurs to Fortune 100 companies – in all industries – from construction to healthcare – lease or finance their equipment.
Here are some reasons why:
Finance 100 percent: Arrange 100 percent financing of your equipment, software and service with 0 percent down payment.
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, released the following statement in reaction to the introduction of H.R. 4997, the Giving Retirement Options to Workers Act of 2018, or GROW Act for short by Congressmen Phil Roe and Donald Norcross:
"This new Congressional proposal provides attractive new options for many firms that are looking to offer good retirement benefits without incurring the liability that comes with traditional defined benefit plans.
Construction spending increased for a fifth consecutive month in December as private residential and nonresidential investment for the year topped 2016 totals, while declining infrastructure spending dragged down public-sector outlays, according to an analysis of new government data by the Associated General Contractors of America.
One of the most important considerations is the repayment schedule offered by your lender when deciding to finance a piece of equipment or take out a working capital loan. Weighing the options for repaying your loan is an easy way to gain control of your business' cash flow and flexibility in your finances is critical to running your business efficiently.