The economic outlooks for 2022 | Finance Friday

Despite all of the challenges in 2021, the construction industry has seen an uptick in construction starts since the beginning of 2022. Lead times on materials have also began to shrink which leads to downward pressure on material pricing.  These are all great signs for 2022. However, inflation and labor shortages are still creating challenges for many contractors. Here's what you need to be doing in order to protect you and your business this year. 

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Built with Billd was started to help contractors navigate the uncertainties of construction payment cycles and provide tips and tricks for growth and sustainability. We believe success in the construction industry is about managing cash flow, maintaining strong relationships, and leveraging the latest technologies.