Managing change orders in construction projects can be a headache. But mismanaging those change orders only leads to bigger headaches. So, the best thing for your business is to have a process in place for managing change order requests. Below are five tips to help you create that process. Don’t Fall Into the Agreeability Trap […]
The Unseen Costs of Mismanaging Construction Change Orders
Poorly managing construction change orders can be incredibly expensive for trade contractors. Here’s what drives those costs.
3 Pitfalls to Avoid When Bidding on Government Contracts
It takes a lot of work to get your company ready to take on government contracts. Here are the 3 pitfalls trade contractors can avoid.
5 Tips For Winning Government Contracts
It takes a lot of work upfront to get your company ready to do business with government clients. Here are five tips to help with winning government contracts.
How to Negotiate Supplier Payment Terms and Protect Your Cash Flow
Knowing instantly what your material costs are, what liabilities you have and when you need to make payments helps protect your cash flow.
Supplier Payment Terms: A Guide for Trade Contractors
There are several ways to finance the procurement of supplies and materials, but supplier payment terms are the most popular among trades contractors.
What Good Construction Project Documents Reveal About Shifting Market Conditions
Good construction project documents can do a lot of work for you.
Bid Deflation: How Untracked Labor and Materials Costs Eat Into Your Profits
By centralizing your construction project data, you can find untracked costs for labor and materials.
Labor Shortage Productivity: How Trade Contractors Get Work Done With Fewer People
What can construction companies do right now to boost their teams’ productivity? Here are four tips.
The Subcontracting Business Life Cycle: 3 Mistakes Young Companies Make
Making the right decisions early helps prepare a subcontracting business for growth. Making the wrong decisions can set a low ceiling for that growth.
The Subcontracting Business Life Cycle: Keys to Construction Company Longevity
In April, we wrote that construction companies founded today have significantly lower fail rates than they used to. Most construction executives know that this industry sees some of the highest fail rates of any businesses in America. But according to data from the Bureau of Labor Statistics, the five-year success rate for construction businesses is […]
The Future of Construction Is Digital: How Our Industry Will Upskill Workers
Here is what upskilling America’s construction workforce could look like, and how companies and trade organizations can deliver the necessary training.
Recession-Proof Your Business: 4 Things Trade Contractors Can Do
Recessions mean lean times for business owners and their employees. Here are four things trade contractors can do to recession-proof your business.
Piecemeal Project Documentation Kills Your Bottom Line. Here’s How to Fix It.
Here are five steps you can take to button up your construction project documentation — and protect your company’s profits.
What Unorganized Construction Project Data Costs Subcontractors
Unorganized data costs. If you struggle to share project data or spend too much time on unproductive work, you may have a data management issue.