The ProfitDig Blog
Insights, strategies, and news for the modern contractor.
Why Materials Prices Can Change So Rapidly and What To Do About It
10 Construction Job Bidding Strategies for Dealing with Rising Materials Costs
Investing Your Profits Into Escrow Accounts: Strategies for Managing Your Construction Company’s Cashflow More Successfully
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 Tips on Managing your Finances
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 […]
When Is a Construction Project Really Over? The Process of Finalizing a Job.
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 […]
What Contractors Need to Know about AIA Contracts
Danger! Danger! These Things Can Kill Your Construction Business
Construction Contract Negotiations – Read Every Word!
Guaranteed Maximum Price (GMP) Contracts – Who Are They Good For?
In construction, “GMP” stands for “Guaranteed Maximum Price.” It is a contract whereby the General Contractor guarantees that the total cost of a project will not exceed a set amount. It is often a sort-of design-build kind of thing because the GC and its subs do the design work along the way (especially during the […]
Why Are Lumber Prices So High?
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