Remove Equipment Remove Insurance Remove Profitability
article thumbnail

Improve Your Business by Developing a Safety Culture

Construction Business Owner

The correlation between safety education and training and the production levels necessary to achieve profitability in construction is not difficult to understand. Performance leads to profits, and fewer accidents result in fewer expenses and insurance claims.'

Safety 294
article thumbnail

Finding the Equipment Management Sweet Spot

Viewpoint Construction Technology

Capturing accurate equipment information is a challenge that many contractors face. Data collection and analysis has traditionally been a manual process, and many times information would slip through the cracks leading to equipment being poorly maintained, overused or even retired before necessary.

Equipment 189
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Creating a JOC Coefficient?

Job Order Contracting

Equipment. General / Prime Contractor Profit and risk. General insurances. Workmen’s compensations insurance. Workmen’s compensations insurance. State unemployment insurance. Federal unemployment insurance. Incidental tools and equipment. Materials. Subcontractor costs. Supervision.

Insurance 264
article thumbnail

4 Mistakes to Avoid in Construction Bidding

Viewpoint Construction Technology

For example, if you completely own a piece of equipment, you probably estimate the amount of fuel that it uses on a job, but may not consider including the depreciation, insurance, maintenance, and other costs associated with running it. Missing the Mark on Profitability. Science Meets Art.

Bidding 325
article thumbnail

15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

There are all sorts of equipment and materials needed to start a roofing and guttering business. Roofing equipment and materials. Insurance, liability, and workers’ compensation . 3) Equipment and materials. Roofing and guttering equipment and materials need to be acquired before you can start your business.

Insurance 296
article thumbnail

Unit Price Construction Cost Estimating

Job Order Contracting

An actionable unit price cost database includes granular repair, renovation, maintenance, and new construction tasks for the local market and includes labor, material, equipment, crew, and productivity information, per an associated unit of measure. Profit and overheads should be considered separately. for the local market.

article thumbnail

2020 Guide to Construction Cost Estimating

Job Order Contracting

liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. Liability insurance based upon local contractor rates is also added as a percentage. The base rate does not include overhead and profit, however, can be added if needed.