“Just taking risks for risk’s sake, that doesn’t do it for me. I’m willing to take risks that I think are worth it, and I’ve worked so hard to make sure that I survive.” – Chris Hadfield, Astronaut Construction Dive recently forecast that contractors will be more cautious about project selection this year. Ok, on […]
10 Steps to More Money, Fewer Construction Problems
Follow this guide to eliminate profit margin shrinkage for construction projects Profit margin shrinkage starts when the estimator prepares a bid based on the cost of completion he thinks a job might require versus the cost history of similar, completed jobs. He then reviews this estimate with the owner, who looks at the plans […]
5 Tips to Ease the Monthly Construction Assessment Meeting
Stop Crucial Mistakes from Destroying Your Construction Company. Every month, your construction firm has the construction assessment meeting to determine where projects stand, and where your billable hours and invoices sit to meet production targets. The regular meeting is a mad scramble between Executives, Project Managers, Foreman, and Accounting. The Office is tense and riddled […]
5 Critical Success Factors for Construction Subcontractors
Since the economy’s slow improvement, the construction industry has seen growth as well. The issue, however, is the growth is mixed. Some companies are benefitting from the economic environment, while others are still struggling with the lasting effects of the recession. eSUB, a mobile and cloud-based subcontractor construction management and document control platform, enables successful […]
8 End-of-Year Must-Dos for Construction Business Owners
To succeed and stay successful, companies must be on their game 24/7. That warrior mindset begins and ends with the business owner. December is here, and 2017 is right around the corner. With a little focused thought, the last month of 2016 can also be the most valuable one, according to Bill McBean, author […]
Poor Version Control In Construction
Poor Version Control In Construction A study conducted using 108 professionals, 40% of whom had more than 15 years’ experience in the construction industry, ranging from executives in large firms with more than 1,000 employees to small boutique firms. The study set out to find out how poor documentation causes delays in construction projects. “The […]
Best Practices for Motivating Construction Workers
Every business requires motivated workers to run effectively, especially the construction business, where the attitude of workers can have a direct and immediate effect on the productivity of your business. If your people won’t work hard for you, how will you complete projects on time? What will the quality of those projects be like if […]
Competing in the Age of Frugal Spending…
After the 2001 recession, caused by the Y2K scare, the U.S. consumer base greeted the strengthened economic state with spending spree. In comparison, today’s frugality among consumers, which began during our last recession, is outliving the recessionary period. This trend has created a slow economical trend, making it more and more difficult to compete within […]
Eliminate A Nightmare! Make Sure Your Project Has a Budget
After all the effort and sleepless nights trying to prepare the perfect project design, it is heartbreaking to discover that your blood, sweat, and tears will end up being too costly. More often than not, on commercial projects, this nightmare becomes a reality. With the time wasted and money lost, the ramifications of this […]
Saving Your Construction Business Time & Money
Analyzing daily work scenarios and costs can justify investing in proven technology. Imagine the following scenario: You just made the all sought after leap to owning your construction firm. You employ top talent, and you are on your way to being one of the best in the business. Your field supervisor is making around […]
Mobility in Construction
It’s hard to remember, but it wasn’t all that long ago that smart phones, tablets, and mobile laptops were not in existence. Technology has advanced so quick that mobility has become a main factor in a construction companies ability to succeed in the highly competitive construction market. A company’s efficiency hinges on their ability […]
The Importance of Daily Reports in Construction
The Importance of Daily Reports in Construction I’m not exaggerating when I say that daily reports are most likely the most important set of documents in the commercial construction industry. Most think this claim does not hold much validity. A majority of contractors overlook daily reports, so I can see why you may think this […]
Characteristics Of Top Construction Firms
After our article on the Key Behavioral Traits of Successful Subcontractors, it felt appropriate to discuss the key traits of top construction firms as a whole. The industry as a whole is incredibly competitive, and most successful construction companies can tell you, it’s a guaranteed game changer to have loyal customers. When clients are loyal […]
Common Subcontractor Disputes & How To Avoid Them
It’s unfortunately, but the days of trusting a mans word have become something of the past. In this day and age, you can never just blindly trust a person’s word; you have to get EVERYTHING in writing. As tedious as this may be, documentation becomes extremely important once faced with problems & errors resulting in […]
(Cost of Undocumented Change Orders) Crawford Construction & General Contractors Inc. v. Kemp
Court case Crawford Construction & General Contractors Inc. v. Kemp, in an all to familiar scenario, the Crawford Construction built a $1.3 million home for the Kemps with all of the oral change orders and adjustments that the homeowners requested throughout construction. The original contract between the parties included a requirement that all change orders […]