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Financial


Company Raises $7M for Construction Finance Marketplace

CoFi, a Lindon, Utah-based construction loan marketplace that provides debt financing for developers and builders across the country, recently announced it has raised $7 million in seed funding as it seeks to transform the construction financing experience for all stakeholders in the construction industry....


The CPI Index Continues To Rise: How Does This Impact Your Truck Financing?

Recent increases to the Consumer Price Index (CPI) are having a noticeable effect on costs of certain truck financing structures — but not all. Understanding these specific nuances can mean the difference of millions of dollars lost or preserved toward the bottom line of a fleet with hundreds of trucks....


Experts Discuss Tips to Keep Cash Flowing

Cash flow is always an issue in the construction business, but this year it's magnified by the pandemic, materials prices and supply bottlenecks. This year's cash flow and payment report from Levelset found that only one in 10 contractors get paid in full....


Volvo Group Launches Green Finance Framework

Volvo Group launched a Green Finance Framework for the financing of investments and projects in the area of clean transportation. The framework is classified as Dark Green by the Center for International Climate and Environmental Research (CICERO Shades of Green)....


Jumpstarting the COVID-19 Recovery: Equipment Manufacturers and Infrastructure Play Key Roles

Equipment manufacturers, now more than ever, are doubling down on efforts to communicate to lawmakers about the important role federal infrastructure investment should play as part of our national economic recovery from the coronavirus pandemic....


First-of-its-Kind Dashboard Tool Highlights Benefits of Federal Highway Investment

States leveraged $31 billion in federal funds to advance $66.5 billion in highway improvements during fiscal year (FY) 2018, according to an interactive tool that for the first time provides the American public and elected officials a clear look at how and where each state invests its transportation tax dollars....


What Construction Companies Need to Know About COVID-19 Related Layoffs and Multiemployer Pension Plan Withdrawal Liability

The COVID-19 pandemic has dramatically impacted the construction industry with international and domestic supply chains shut down, jobsites closed and projects delayed or outright cancelled. In response many construction companies have implemented workforce reductions....


SCDOT Releases Initial COVID-19 Financial Impact Projections

The South Carolina Department of Transportation (SCDOT) has released its initial projections of the financial impact of COVID-19, indicating a decrease in agency revenues based on expected reductions in gas tax and car sales tax receipts....


Ritchie Bros. Reports Q1 2020 Results

Ritchie Bros. Auctioneers Incorporated reported the following results for the three months ended March 31, 2020:Net income attributable to stockholders increased 26 percent to $22.8 million compared to $18.2 million in Q1 2019....


Contractors Discuss Rising Construction Costs

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....






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