How to Get Your Construction Line of Credit Increased: What Banks Actually Ask For
You have the backlog and the crews, but your banker still says no. The difference between contractors who get a line of credit increase and those who don't comes down to what they submit.
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Top Construction Accounting Software Options for Contractors
Managing job costs, cash flow, and profitability is no small feat in the construction industry. That’s why choosing the right construction accounting software is crucial for contractors who want to
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Conditional vs. Unconditional Lien Waivers: Which to Sign & When
A subcontractor finishes a billing period, submits the pay application, and a waiver form comes back with the payment paperwork. It looks routine. It is routine. But whether that document says
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ProNovos Partners with Pine Services Group to Extend Early Payment Options to Construction Subcontractors
For Immediate Release
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Construction Lien Waivers: Types, Risks, and Best Practices
Every month, subcontractors across the country sign away one of the most powerful legal protections they have. Often they do it without reading the document closely, and sometimes before the money it
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ProNovos and Adams Brown Partner to Expand Financial Technology and Thought Leadership for Construction Companies
ProNovos, the construction intelligence platform, today announced a new partnership with Adams Brown, Strategic Allies and CPAs, a top 50 U.S. construction accounting firm.
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Over/Underbillings in Construction: A Practical Guide to Calculating and Managing Them
Understanding over/underbillings can significantly influence the financial health and cash flow of a construction project.
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The Calm Before the Storm: What Subcontractors Should Be Doing Right Now About Cash Flow
The numbers are in, and they're not exactly reassuring.
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Construction Invoice Factoring: A Complete Guide for Specialty Subcontractors
If you're a specialty subcontractor, you already know the problem: you mobilize crews, buy materials, and carry payroll for weeks, sometimes months, before a payment lands in your account. Retainage
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What We Heard at CFMA 2026 (and What It Means for Construction Finance)
If you stopped by our booth this year, you probably remember the claw machine. But the people who stuck around weren't there for the prizes. They were there because something clicked for them
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The Three Pillars of Construction Cash Flow Every Contractor Needs to Understand
Construction cash flow is one of the most persistently misunderstood disciplines in the industry. There's a myth that if your jobs are profitable, your business is healthy.
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The Four Reports Every Contractor Needs to Master Cash Flow
Most construction companies are sitting on a goldmine of financial data and never fully use it. Job cost reports, aging reports, cash flow statements: they get run at month-end, glanced at, and
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Mo’ Money Mo’ Problems for Subcontractors
Growth is supposed to fix your cash flow problems, right? More revenue, more runway. That's how it works in almost every other business. But ask any subcontractor who has doubled their project load
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What Is Construction Retainage? A Complete Guide for Contractors
Construction retainage, also called retention, is the portion of a contractor's earned payment that a client intentionally withholds until project completion or a defined milestone is reached
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Where Cash Gets Stuck And What to Do About It
Cash flow is one of those topics every contractor knows matters, but rarely gets discussed until there is a problem. By then, the options narrow and the pressure is already on.
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5 Cash Flow Questions Every Subcontractor Should Answer Before Signing a Contract
Every subcontractor has been there: you win a job, mobilize your crew, start pulling materials, and then reality sets in. The first pay app won't be submitted for four to six weeks. Even after
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Congratulations to Our Partners: Accounting Today’s 2026 Top 100 Firms
At ProNovos, we take great pride in collaborating with industry-leading construction CPAs and Business Advisory firms dedicated to delivering top-tier financial expertise to their clients and
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Inside Construction Project Cash Flow: Inflows, Outflows, and Timing
In Part 1, we established a core reality of construction finance: cash flow is won or lost at the project level. Each project operates as its own business, with its own billing cycle, payment risks
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Construction Factoring: A Practical Guide for Subcontractors
On most construction projects, the money moves last. Labor is scheduled. Materials are purchased. Equipment hits the site. Payroll runs every week, whether the owner has paid or not. The work gets
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Why Construction Cash Flow Is Won or Lost at the Project Level
In construction, cash flow is not managed at the company level. It is earned, delayed, or lost one project at a time.
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Why Saying No Matters
I’ve always loved the month of March. For many years, it was simply because it’s my birthday month. As I got older and more aware of the world around me, it took on a deeper meaning. March is Women’s
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ProNovos Appoints Tommie Benn as Senior Director of Sales and Partnerships
FOR IMMEDIATE RELEASE
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Why the “Do-It-All” ERP Is a Myth in Construction
Last fall, I spent a lot of time on the road speaking at CFMA regional conferences and the AICPA Construction and Real Estate Conference. In conversation after conversation, one theme kept coming up.
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A Beginner’s Guide to the Schedule of Values in Construction
A Schedule of Values (SOV) can sound technical when you first encounter it, but it is one of the core financial tools used on construction projects. At its simplest, a Schedule of Values is a roadmap
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How to Improve Working Capital in Construction: QuickPay vs Other Options
Cash flow keeps construction projects moving, but working capital keeps the business alive. It covers payroll, materials, and mobilization long before the first draw hits your account. Yet many
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Connecting Data, Decisions, and Cash Flow at Converge 25
ProNovos joined hundreds of contractors and construction leaders at Converge 25, Foundation Software’s annual conference that was hosted in Las Vegas this year. The event brought together industry
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Accounts Payable: A Strategic Advantage for Contractors
Most contractors don’t think of accounts payable (AP) as a competitive advantage. It’s often lumped into back-office tasks instead of being recognized as a driver of cash flow and a key factor in
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Schedule of Values in Construction: Structure Them to Protect Cash Flow
Picture this: it’s Friday, payroll is due, and the materials you ordered weeks ago just hit the jobsite. The vendor wants payment now. Meanwhile, you won’t even send your invoice until the 20th, and
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How to Buy Construction Technology Without Regret
Technology has become a critical part of running a successful construction business. The right solutions can help you forecast more accurately, pay subs on time, and give your project teams the
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Can You Afford Not to Have QuickPay in Your Back Pocket?
Without momentum, nothing gets done in construction. Crews stall, schedules slip, and progress grinds to a halt. One delay can create a chain reaction, costing time, money, and the confidence of your
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Understanding S-Curves in Construction Project Forecasting
Construction projects are complex, with many moving parts and competing priorities. One of the simplest and most effective tools for monitoring progress and staying on top of cost and schedule
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Bobby Gonzales Joins ProNovos as Director of Business Development
ATLANTA — Dec. 27, 2023 — ProNovos, known for empowering contractors with insights into their finances and safeguarding profits, proudly announces the appointment of Bobby Gonzales as its new
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ProNovos Enters Strategic Partnership with Contractor Business Solutions Limited
November 14, 2023, Atlanta, GA — ProNovos is thrilled to announce its strategic partnership with Contractor Business Solutions Limited (CSBL), a distinguished software consulting firm based in
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10 Best Practices for Managing Construction Billings
Construction billing management is a cornerstone activity for every construction manager. Its significance can't be overstated, especially when you consider the challenges associated with maintaining
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Assessing Project Health: Understanding the Root Causes of Over/Underbillings in Construction
In the dynamic world of construction, the heartbeat of a project's vitality is encapsulated in its over/underbilling status. But mere identification of overbilling or underbilling only scratches the
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Women in Construction Spotlight: Rachel Soanes
This week provides an opportunity to recognize and honor women who have overcome barriers to excel in a traditionally male-dominated industry.
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Why Construction Needs Data Integration
The popular phrase “data is the new dollar” describes the lucrative ROI that information continues to deliver in the business world. In the construction sector, increasing tech adoption has improved
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