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How technology can help you maintain your profit margins at residential projects

Lets Build

Setbacks like supply chain disruptions and rising energy prices are putting pressure on residential construction profit margins. And for many construction companies that operated on slim profit margins before those setbacks, even the smallest cost overruns can result in loss-making projects.

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Construction Reporting Software | Cloud Based Reporting

Viewpoint Construction Technology

Spectrum’s flexible reporting structure allows you to keep real time tabs on every aspect of your businesses such as job profit trends, change order status, over/under billing, responses to bid invitations, and much more. Request a Demo. Download Spectrum Brochure. Case Study: Reporting – Interstate Electrical Services.

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5 Challenges Owners Face with Cost Management (and How to Fix Them)

Autodesk Construction Cloud

Lack of change order collaboration between owners and GC’s. In fact, according to a report on the impact of trust on constructio n, FMI and Autodesk found that firms reporting high levels of trust see 25% to 95% higher profit margins. These issues become even more pronounced when dealing with change orders and increased costs.

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How to survive and overcome inflation and rising construction costs

Lets Build

Free eBook: Quick guide to Lean practices for construction professionals 7 ways to minimise the impacts of construction inflation As inflation continues to affect the construction industry worldwide, we must find ways to counteract it or risk losing our already slim profit margins.

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The importance of keeping construction daily logs for every site activity

Lets Build

If you ever feel that recording activities in your construction daily logs is too much of a hassle, think about the negative implications on your profit margin and reputation. Book your demo of LB Site Diary and discover the power of keeping a digital construction daily log.

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3 ways to avoid defects in construction

Lets Build

Defects due to omission are typically fixed through change orders that add to the scope of work for one or more contractors. In addition, not having proper inspection plans in place can prevent you from detecting defects early on in the project, resulting in more rework and less profit. Workmanship defects.

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Construction Business Owner Blogs

Construction Business Owner

One day I remember starting the demo on a wall. change orders. World of Concrete 2012: Products Get Smarter, Interfaces Mimic Streamlined Design of Smart Phones and Tablets » The Issues around Construction Issue Building. As a general contractor a few years ago, I was working on a tenant improvement project. January 2009.