With more online bidding platforms and bid building tools available, the subcontractor bidding process has never been easier in 2018. However, there are still avoidable and costly mistakes that can frustrate subcontractors. Here are some common and costly mistakes to avoid in the subcontractor bidding process and ways to reduce risks. 1. Inaccurate Measurements, […]
eSUB Guide: How do Construction Loans Work?
Before the ground breaks on a construction project, one of the very first things to accomplish is securing financing. New property development costs can range from hundreds of thousands of dollars to hundreds of millions of dollars. Property developers and building owners secure construction loans to undertake these projects. The construction loan process can be […]
6 Tips for Getting Your Workers to Adopt Construction Technology
6 Tips for Getting Your Workers to Adopt Construction Technology Over the past several years construction technology has grown and improved. As a whole, it’s making companies more productive with fewer resources. And as it becomes easier to use, more construction businesses are opting to switch to technology solutions to meet their needs. But […]
How to Avoid Costly Construction Project Delays
How to Avoid Costly Construction Project Delays: Proper planning and scheduling can help mitigate delays and keep a project on track. Keeping projects and programs on schedule has always been a challenge for both owners and contractors. Delays are very costly and should be avoided if at all possible. Timely performance is commonly impacted by numerous […]
Construction Equipment Maintenance: How Often and When to Schedule
Construction Equipment Maintenance: How Often and When to Schedule Equipment failure can cost businesses hundreds, even thousands, of dollars every day they’re out of service. That’s why it’s especially important to have a construction equipment maintenance schedule. Without one, it’s easy to end up with unexpected downtime on jobs and an excess cost to you. […]
Here are some examples of General Contractors Not Paying Subcontractors for Their Hard Work
Sadly, there is big business around subcontractors not getting paid. Think of all the lawyers, consultants, liens and bonds. All of these people and entities exist because time and time again subcontractors do not receive payment. Such instances of general contractors not paying subcontractors occur all the time. This damages the livelihood of many subcontractors and […]
6 Best Practices for Managing Construction Projects
It’s hard to know at the beginning of a project whether or not it will be successful. Learn how to improve your business with this managing construction projects article. As the Project Manager, it’s your job to try to ensure that everyone has what they need in order to make that project work. You’re supposed […]
10 Must Haves on Construction Daily Reports – Be a Superstar Manager!
Daily Reports, records or logs are critically important to construction projects so it’s amazing to think that Project Managers often leave them for other staff to prepare and submit. Or, even worse, let staff remove the “daily” status and have the reports slip into a periodic status when more time is available to provide them […]
2018 New Year’s Resolutions for Your Construction Company
2018 New Year’s Resolutions for Your Construction Company The new year is quickly approaching, while you’re making your New Year’s resolutions for your personal life, now is a great time to make New Year’s resolutions for your company. Taking a couple of moments to reflect on your business through 2017 and trends that you’ve […]
How to Use Scheduling Software to Plan Preventative Equipment Maintenance
How to Use Scheduling Software to Plan Preventative Equipment Maintenance Often, preventative equipment maintenance gets neglected due to more pressing issues on the construction site. Managers neglect to see this as a priority and end up with larger equipment problems down the line. The truth is, preventative equipment management is extremely important if you […]
How to Manage Job Order Costing
How to Manage Job Order Costing Estimating an accurate budget for construction projects is no easy task. Between labor, materials and overhead costs, inaccurate estimates can end up being costly mistakes. Even the most experienced professionals will have a hard time pinpointing exact costs because let’s face it, no two projects are ever the […]
Create a Resource Management Plan for Your Construction Company
Create a Resource Management Plan for Your Construction Company A resource management plan provides a comprehensive outline of all the resources needed for a particular project, as well as the cost of those resources and any potential risks. This plan adapts and changes over the course of a project as resource needs and project requirements […]
8 Great Resources For Construction Managers
What sets the best construction managers apart from the rest? It’s a lot more than simply ‘knowing your stuff’. A fundamental part of being an effective construction manager is being able to find the right resources to assist in doing the job. The technology is out there, but it’s all too easy for a construction manager […]
5 Tips to Grow Your Construction Business
Here are five marketing tips to propel your electrical business to success – helping you grow your market share in an increasing competitive economic climate. 1). Listen to your customers. It’s easy to get so caught up in selling customers on using your services that you forget to really listen to them. Calling up […]
5 Ways to Improve Profits with Construction Job Costing Software
In today’s construction business, there are two types of contractors: those using construction job costing software to provide more accurate estimates, understand the intricacies of each project, and maximize profits, and those going out of business. In a highly competitive global market valued at over $10 trillion, most firms operate at razor-thin profit margins and […]