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Commercial Construction Trends: Three Headlines That Won’t Die In 2019

HardHatChat

The good news for subcontractors is the labor shortage means higher profitability, because they are working at-capacity and able to charge a premium for their services. But for general contractors and our clients, the result is higher project budgets and challenges in construction scheduling.

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Marketing Budgets: 5 Easy Building Blocks Nobody Talks About

Help Everybody Everyday

One of the most challenging things you can be tasked to do is define a firm’s marketing budget. What’s the right marketing budget for a small architecture firm in Wayne, PA? What’s the right marketing budget for the largest construction firm in Michigan? Your budget would be $95,000. But that’s not true.

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Building A Home On A Budget – 4 Tips To Suggest For Potential Buyers

Pro Builder

Building A Home On A Budget – 4 Tips To Suggest For Potential Buyers. To help you with that process, here are a handful of tips you might suggest to a prospective buyer looking to make the most of a tight budget.??. One of the most challenging aspects of building a home on a tight budget can be stomaching that first big payment.

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The most important construction KPIs to improve profits and productivity

Lets Build

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

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The most important construction KPIs to improve profits and productivity

Lets Build

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

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6 Ways Contractors Can Save Money with Technology

Viewpoint Construction Technology

Construction projects all too easily run over budget and behind schedule, and in an industry with thin profit margins, that can be a big problem. Find out how your construction contracting business can benefit from today’s popular and up-and-coming technology tools with these cost saving ideas for construction companies.

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Four Things To Consider Before Expanding Your Service Offerings

Contractor Bookkeeping

Adding additional services is an excellent way to increase your profitability, diversify your income and expand your market. If you don't have savings earmarked to fund your ideas, you'll want to make sure your "scaling my construction business" plan includes adequate financial planning. First things first - find the money.