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3 Ways Construction Contractors Can Expand to New Markets

Viewpoint Construction Technology

Maybe expanding the types of services your business offers isn’t feasible or even something you’re interested in. If you want a new office to succeed, you need to send your top talent to get things set up and establish your brand, find new clients, get projects off the ground and turn a profit. Expand to New Locations.

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Construction Business Owner Blogs

Construction Business Owner

Jim is a senior consultant with FMI and specializes in building profits by developing tailored operations strategies for his clients. If leadership success was measured only on profitability, then there were certainly many “great leaders” sitting in the CEO position of many contracting companies. Dexter + Chaney. document management.

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How Has Covid Affected the Construction Industry?

Lets Build

Public funding is less available in many countries than it was pre-pandemic, and deteriorating economic health is placing some key construction projects on hold while additional funds are sought or pre-pandemic feasibility studies are revised. Impact on construction budgets. Read more: Five benefits of inspection reporting software.

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Subbie failures plunge Seddon to £15m loss

Construction Enquirer

The construction arm of the Seddon Group, which only returned to profit of £2m last year after a prior year loss, was also hit by market inflation, project delays and fire safety remediation costs. Failure of several key subcontractors on major projects saw Seddon Construction suffer a £15m loss last year.

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Forecasting With Confidence: How Contractors Can Solve Four Common Challenges

In fact, leaders know it is essential to the profitability, cash flow and potential viability of projects. For that reason, forward-thinking decision-makers who know that forecasting is a complex process, also realize that this is not feasible by using out-of-date systems.

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Construction Business Owner Blogs

Construction Business Owner

These men and women set the bar high for their teams, but not so high that the end goal is not feasible. The most successful leaders I know, whether they work in construction, software, or some other industry, are always pushing the envelope. Ultimately, these ambitious goals are what make their companies successful. Dexter + Chaney.

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Home Builder Success and the Fragility of Good Things

Pro Builder

Growth rate—Fast growth, which enables economic feasibility. But there’s a caveat about the definition of “success”: You know of builders considered successful by the outside world simply because they’re profitable. The question is: How profitable and sustainable are they, and at what cost? . Successful, right? People/culture .