Remove Overhead Remove Profitability Remove Residential
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Engineering losses halve Briggs & Forrester profit

Construction Enquirer

Briggs & Forrester Group saw pre-tax profit halve to £1.6m The engineering services arm, which is the largest division within the group, has now been streamlined with operations rationalised from four to two regions – South East and Western – to bring significant overhead savings. after suffering a £1.6m to 874 staff.

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An important book: Michael Stone’s Markup and Profit: A Contractor’s Guide (Revisited)

Construction Marketing Ideas

Michael Stone’s classic Markup and Profit book , originally written in 1998, has become an essential guide to contractors hoping to succeed — even survive — in the contracting business. You can calculate clearly your profit and markup requirements with the formulas and then figure out what you need to do to balance things.

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Getting the basics right (for residential contractors): It isn’t complicated

Construction Marketing Ideas

Adams Hudson reminds us his Contractors’ Sales and Marketing Inside r , that the basics behind AEC marketing — at least for the business-to-consumer residential sector — are quite simple. Michael Stone has some worthy resources to help out in the residential sales. The second strategy is to price for profit.

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Bill.Com Can Save Time And Increase Your Construction Company Profits

Contractor Bookkeeping

With the optional bill tracking and bill payment services they are increasing bottom line profits by avoiding late fees and taking advantage of vendor discounts which in some cases can generate 36% Return on Investment! an hour after all of the taxes and overhead. For example a part-time bookkeeper paid $15.00

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Estimating- The New Normal

Chianelli Estimating

The above outline mainly illustrates the effects it may have on Commercial Estimating departments for Commercial and Non Residential Contractors. Residential Contractors are also affected by the Covid-19 pandemic. Conducting business in the residential market is quite different than working in the Commercial sectors.

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Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” Beyond this, the installing contractor’s overhead(s) and profit will need to be added. Rory Woolseys Construction Estimating Blog. Thursday, May 31, 2012. Mark It Up!

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#136:  Fixed Price vs. “Cost Plus” Contracts: Some Considerations

NH Construction Law

His price will typically be set to cover overhead costs and a reasonable profit. And time is money; all other things being equal, the sooner the contractor completes the work, the more profit he will make. Residential contracts rarely include such provisions. So which type of contract is better?