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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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5 Tips to Prepare for the Next Economic Recession

Construction Business Owner

However, given the 200,000 business failures, the almost complete collapse of profitability and the immeasurable human cost—our industry was at ground zero and will be again in the next recession.

professionals

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Skanska profits dip on weak residential development market

Construction Dive

The Sweden-based firm reported a 64% decrease in operating profit year over year, but said its construction division remains profitable.

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Skanska profits tank on weak residential performance

Construction Dive

CFO Magnus Persson told Construction Dive the firm can weather the downturn, in part thanks to healthy infrastructure demand in the U.S.

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The Problem With High-Profit Jobs In The Construction Industry

Contractor Bookkeeping

The most common situation is when a residential remodel contractor with a reputation and a substantial company generating 15% or more profits decides to start building custom homes. Or the opposite, a home builder who decides to branch out into residential remodeling.

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Engineering losses halve Briggs & Forrester profit

Construction Enquirer

Briggs & Forrester Group saw pre-tax profit halve to £1.6m Group financial director Jeremy Askew said: “It has been a particularly difficult year with high levels of inflation experienced impacting on the profitability of some fixed price contracts. after suffering a £1.6m Average headcount across the group slipped back 2.5%

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How Much Does a Construction Worker Make?

Building Radar

For example, workers involved in high-risk or specialized projects, such as bridge construction or oil platforms, tend to earn more than those working on residential projects. According to recent surveys, those working on commercial construction projects can earn up to 30% more than those in residential construction.