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Western Edition
November 21 2021 Vol. XXII • No. 24
“The Nation’s Best Read Construction Newspaper… Founded 1957.” 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • www.constructionequipmentguide.com
Inside
Link-Belt Hosts 2021 CraneFest Event...8
Bobcat of Marble Falls Celebrates Opening...20
The Cave Buttes Dam in Arizona experiences seepage through the embankment, which can cause flooding issues. Crews helped alleviate potential disaster by installing a 60-in. underground pipe by utilizing a 68-in. American Augers rock boring machine; an Akkerman SP400 jacking system and an Akkerman 524 haul unit.
Story on page 67 Topcon 3D-MC With Volvo Control Ups Precision...50
Experts Discuss Tips to Keep the Cash Flowing Contractors Increasingly Adopt Technology in Their Quest to Be Paid in Time, On Time
Table of Contents ................4
By Lucy Perry
Paving Section ............ 31-43 Trailer Section..............51-61 Business Calendar ............68 Auction Section ..........68-73 Advertisers Index ..............74
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. There are ways to reduce the time and effort you put into chasing payments — if you’re ready to adopt technology. That one in 10 represents a 75 percent drop from pre-pandemic payment patterns, according to the Construction Cash Flow & Payment CEG CORRESPONDENT
Third-party payment services can mitigate the bottlenecks in materials procurement and logistics. The sooner the contractor can acquire inventory the cheaper the future project will be.
Report, released annually by Levelset. “The decrease in payment reliability is tightening the financial vise on construction companies,” said the New Orleans-based construction software developer. More than 760 construction professionals were surveyed. The results tie financial risk directly to the construction payment chain. The survey found that general contractors at the top of the chain are four times more likely than subcontractors to get paid within 30 days and 50 percent more likely to get paid in full. see MONEY page 44
