CrossCheck Blog

CrossCheck Blog

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Construction Market: Boom or Bust? Get Paid Regardless!

Is the construction industry headed for a slowdown? Don't let wobbly markets and high interest rates throw a wrench in your cash flow! Here's a breakdown of what contractors and building material suppliers can expect for the rest of 2024, plus smart tips to ensure you get paid on time - no matter what the economy throws your way.
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Construction to Slow in 2024 - Building Materials Vendors Should Lean on Check Guarantee

With our customers’ success in mind CrossCheck has created payment processing solutions that will appeal to all building materials vendors, especially as construction is slowing down compared to recent years and each transaction becomes more important.
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‘Green’ Flooring Options Certain to Grow Industry Further

on Tue, Jan 25, 2022 @ 10:06 AM By | Patrik Jorgensen | 0 Comments | Home Furnishings CrossCheck Construction Check Guarantee Multiple Check
As housing prices keep increasing, flooring will take its place next to other fast-growing home improvement industries. Look especially to radiant floor heating, which is not only a comfort-inducing option for home improvement, but also an environmentally sound option for heating your home.
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Window Installers Ready For Big Year, CrossCheck Guarantees Payment

Whether it’s a big job or a small job, window installers have to respond, ready with a quote and payment options. In the big picture, according to research done by Principia Consulting, repair and remodel volume for windows is expected to grow at an annualized rate of 5.3% through 2023. Of course, that doesn’t really take into account little Billy, who kicked his soccer ball through the new kitchen window.
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Heavy Equipment Sellers Can Expect a Strong 2022

According to the Association of Equipment Manufacturers (AEM), both sales and rentals of heavy equipment for the construction industry is expected to climb after the new year, even on top of a decent sales increase during 2021. In order for heavy equipment sellers to take advantage of that growth and secure each sale, CrossCheck has developed services that will ensure payment on everything from rentals to the purchase of big-ticket items, with our Multiple Check, Check on Delivery and Check Guarantee.
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How Check on Delivery Can Streamline Construction Pay at Each Step

John is a building materials supplier. He has just received a wish list of innovative materials from a general contractor who is building an office and lab for a tech manufacturer. John knows the wish list is expensive but is excited to be part of creating what promises to be a structure that will revolutionize the construction industry and hoist it into tomorrow.
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Payment Solutions for Building Materials Dealers and Contractors

on Thu, Jan 30, 2020 @ 11:14 AM By | Brandes Elitch | 0 Comments | Building Materials Construction Multiple Check
If your business sells building materials to the construction industry, then you already know that it takes a long time to get paid. It doesn’t matter what you sell — lumber, dry wall, plumbing supplies, roofing materials, flooring — the contractors who buy from you have cash-flow issues that they deal with every day. The 2019 National Construction Payments Report, a survey conducted in collaboration between Levelset and TSheets by Quickbooks, concluded that getting paid in the construction industry is slower than just about every other industry. How slow? The average time to payment is 83 days!
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Build Expo Frames the Building Supply and Construction Industries

on Tue, Mar 05, 2019 @ 09:05 AM By | Harrison Friedes | 0 Comments | Building Materials Construction
Build Expo, the premier event for the building supply and construction industries, launches its 2019 – 2020 multi-city lineup of shows March 6 and 7 at the Los Angeles Convention Center from 10 am to 3 pm. The Build Expo is attended by a wide variety of industry professionals, including building supply dealers, general contractors, home builders, engineers, and designers. The expo features over 20 educational workshops and seminars, hundreds of exhibitors, and thousands of products and services. The event allows visitors to attend and take part in workshops and seminars for free.
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NAHB Helps Construction Companies Increase Sales

on Wed, May 16, 2018 @ 03:25 PM By | Joe Gargiulo | 0 Comments | Associations Construction Increase Sales
According to the National Association of Home Builders (NAHB), construction companies and housing currently contribute 15 – 18 percent to the nation’s Gross Domestic Product (GDP). Those statistics and additional housing data are available via the organization’s website, including information about membership, blogs and publications, construction codes, educational opportunities and political advocacy. The NAHB is a federation of more than 700 state and local associations representing more than 140,000 members. Approximately 33 percent are construction companies in home building and remodeling while the remainder “work in closely related specialties such as sales and marketing, housing finance, and manufacturing and supplying building materials.” Furthermore, NAHB members are responsible for constructing about 80 percent of the new single-family and multifamily homes in the United States each year.
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The Future of Sustainable Construction and Building Materials

on Wed, Mar 30, 2016 @ 07:00 AM By | Maria Shayna Tzouvelekis | 0 Comments | Building Materials Construction
Advances in sustainability are revolutionizing the construction and building materials industries like never before. However, it's not just the firms and workers of these sectors that are or will be affected — all beings can experience an improved standard of living with healthier materials in place and a diminished use of natural resources. When building materials managers and construction leaders act as ambassadors for the sustainable building movement, they not only decrease the world’s carbon footprint but also tap into a highly profitable market. Influencing clients won’t be so difficult once they see – as many others have – that various sources have proven consumers are willing to pay more in the short term for the long-term payoff of an energy-efficient building. Disclosing energy-efficient renovations when listing houses, condos, and townhomes on the market is resulting in more units sold at higher prices as well as less time listed, according to new real estate studies.
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