Varney Agency

The Importance of Working Capital

We have all heard the phrase “cash is king”, and it is very true in the construction industry.

Construction is generally a capital intensive business and there is no guarantee of being paid on time by the owner or GC. As the recovery stumbles along, fewer jobs available creates tighter margins and puts a significant strain on cash flow. Any step you can take to increase working capital and cash flow will have a huge impact on your operation. Check out this link for helpful information on strengthening your working capital position and improving cash flow. 

We want to see a healthy construction industry in Maine, as it is such an important part of our economy. Connect with us and see what we can do to help you succeed and grow your business: | 877.947.8637