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Construction Backlog Is Not a Balance Sheet

Construction Backlog Is Not a Balance Sheet

Contractor backlog hit a near three-year high while input prices ran 9.6% above a year earlier. Why a full order book is a financing liability before it is an asset, and how to structure against it.

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Commercial finance analysis and practical guidance for business owners, executives, and finance leaders across the United States and Canada.

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Thalos Capital is a boutique commercial finance origination and strategic advisory platform providing borrower-side advisory, structured financing support, and execution for businesses across the United States and Canada, with the exception of California, Nevada, New York, and Quebec, which Thalos Capital does not currently serve. Financing is provided by third-party capital sources and is subject to underwriting, approval, documentation, and closing conditions established by the applicable financing provider. Thalos Capital does not guarantee that financing will be available, approved, or offered on any particular terms. Thalos Capital does not raise capital; does not offer, solicit, buy, or sell securities; and does not provide investment advisory, securities dealing, or fund management services. Nothing on this website constitutes an offer, solicitation, or recommendation with respect to any security or investment, or any investment, legal, tax, or accounting advice.

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