Episode
414 Who Should Carry The Cash Burden In Residential Construction? with Shane Durkin
- Podcast
- Modern Craftsman
- Published
- Aug 17, 2026
- Duration seconds
- 5343
- Processing state
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Summary
Nick and Tyler bring Shane Durkin back, with Brad Leavitt joining the conversation, to challenge one of construction's most persistent problems: how project money moves and who should actually carry the financial risk. They get into deposits, escrow accounts, credit card rewards, cost-plus construction, project-level accounting, lien waivers, trade payments, and the hidden complexity that comes from running millions of dollars of client funds through a builder's business. Shane explains how LedgerWise separates project finances into their own accounts while Brad, Nick, and Tyler push on the tradeoffs, risks, and real-world practicality of the model. Ultimately, the conversation asks whether builders should be spending their energy managing cash flow and financial workarounds at all, or whether a simpler system could let them get back to building. From Contractor to Company Workshop: https://www.moderncraftsman.co/workshop-registration Sign up for the Modern Craftsman Community: 👉🏻 MC Community Sign-up Sign up for the newsletter: Newsletter Sign-up Shane's Websites: https://www.buildpatriot.com https://www.ledgerwise.com ShowNotes: Cash Flow Challenges in Construction (0:00) Introduction of Ledgerwise and Construction Accounting (0:39) Discussion on Construction Accounting Models (4:24) Details of the Escrow Model (6:41) Benefits and Challenges of the Escrow Model (6:58) Case Study: Handling Project Cancellations (9:27) Conclusion and Final Thoughts (10:28) Minimum Balance and Client Trust (10:42) Payment Process and Trade Onboarding (11:19) Lien Waivers and Preliminary Notices (11:37) Cost and Revenue Model (74:47) Builder Testimonials and Industry Challenges (79:27) Upcoming Events and Final Thoughts (83:04) Partners: Andersen Windows Harnish Workwear Use code H1025 a…