The ProfitDig Blog

An escrow account is essentially a savings account that’s managed by your mortgage servicer. How can this be helpful in managing the cashflow in construction? If you are thinking of becoming self-sufficient in the construction industry, investing your profits into an escrow account is one thing that you might want to consider. YOU NEED TO […]

Construction is a tough business. It can make you rich. And it can drive you into the ground. You can be successful in your own construction business, if you do things the right way. 1. You need to be really good at whatever it is you do. Forget about starting your own business until you […]

If you own a construction company, you’ve probably got a lot of money going out, and hopefully some money coming in. if you don’t keep track of all that, you don’t really know if you made any money or not. So how can you manage that? Dave Ramsey is big in the world of personal […]

Let’s talk about what kind of tasks or checklist items are involved in closing out a project. How do you tie up all the loose ends and get ready to completely disconnect from a project? It Starts With The Punch List Items Jeff Spencer, a highly experienced construction Project Manager, explains the process of finalizing […]

Part of running a profitable construction business is making maximum use of your resources. Sometimes jobs or parts of a job get held up for one reason or another. When this happens, you need to reallocate those resources. There are phases of a project that allow you to make use of labor and resources from […]

The hard bid estimating process is a widely used method of estimating construction costs and time. The process involves listing the various items that go into the building, such as labor and materials, and calculating their total cost. A hard bid is a rough estimate of construction cost. In other words, it is a starting […]

The construction industry is constantly evolving, with new technologies and methods emerging. It can be difficult to keep up with the latest trends, but it’s important to be aware of them to stay ahead of the competition. Here are three construction technologies emerging in 2022 that you should keep an eye on. Construction Wearables Construction […]

A construction foreman ensures that everything runs well on a project site. They act as a bridge between the supervisors and the workers. A foreman’s primary responsibilities are scheduling projects, quality control, and monitoring the project’s progress. Becoming a construction foreman only requires a high school diploma. But most foremen have many years of experience […]

AIA contracts are standard forms used in many construction projects across the United States. It outlines the responsibilities of both the contractor and the owner and can be used as a legal agreement between both parties. In this article, we will discuss the key points that contractors need to know about the AIA contracts. We […]

Here are some items that represent MAJOR dangers to your business. Putting All Your Eggs in One Basket One thing that you’ve got to be aware of is something my Dad always warned about (even though we ended up falling into the same trap), which is putting all of your eggs in one basket. That […]