March 28, 2019
Construction Dive interviewed Assurance Partner James Miller about best cash flow practices for construction contractors.
Construction Dive
By Kim Slowey
Excerpt:
Subcontractors are particularly susceptible to cash flow problems because, unlike many general contractors, they typically bear the burden of the project’s labor and material costs. If the owner slows down payment, both general contractors and subcontractors have to wait for their checks, but big payrolls and their related taxes, benefits and other expenses must be paid no matter what, said James Miller, partner and member of Marcum LLP’s national construction industry group.
