The outlook for the construction industry through 2024 is positive. Executives are confident the industry will expand and add jobs over the next year.
Running a Trade Contracting Business: Should I Pocket My Profits or Reinvest?
One of the challenges of running a trade contracting business is deciding what to do with profits. Data helps you make smart decisions when managing profits.
3 Tips to Mitigate Construction Site Delays and Reduce the Mental Health Toll on Workers
Construction delays are expected by everyone on a site or involved in a building project. “Getting stuck waiting around is a nearly universal problem in the construction industry,” notes the Trekker Group team. But knowing it is a problem and anticipating delays doesn’t make it easier to cope when they happen, especially for field teams. […]
How Trade Contractors Can Help Employees Cope With Job-Related Stress
Construction is a high-stress industry, and employers have an important role to play in mitigating employee job-related stress.
Securing Financing: 3 Tips for Trade Contractors
Securing financing is a necessity for trade contractors. Here are three tips to help you navigate your choices and get the cash you need.
Understanding Financing: A Guide for Trade Contractors
Learn how financing works, what options are available to subcontractors, and what advance work trade contractors need to do to access financing.
Job Costing for Trade Contractors: 4 Tips to Improve Your Forecasts
Each trade contractor has their own particular needs when it comes to job costing. These four tips will help align job costing with your processes.
Growth Planning and Forecasting: A Guide for Trade Contractors
Construction projects are complex, and trade contractors might not have a good idea of how expensive or profitable their role in the project is until after the fact. That’s why growth planning and forecasting in advance are so important.
5 Tips for Managing Change Orders
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.