The ProfitDig Blog

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 […]

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 […]

Excerpted from the book “Digging for Profit: Secrets to Success in the Construction Industry” by Jeff Spencer and Jerry Work.   So you have just bid on a job, or part of a job as a subcontractor, and you’ve received a contract back from the general contractor, or whomever you’re going to be working 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 […]

As we discussed in our last issue, 2021 is going to be a competitive year. If you want to succeed, you need to manage your business well (professional job bidding, accurate costing, etc.) AND you need a marketing plan to create new business! So let’s talk about the basic components of a solid marketing plan: […]

Construction activity is slowing down in some places, so this is a good time of the year to evaluate your business from a high level standpoint and begin considering what you can do to build a bigger, more successful company. We talk often about strategies for better performing the actual work, but today we thought […]

Here are some of the major recent upgrades to the ProfitDig system that will save you time and make your job easier: Project Manager viewing restrictions. There was some concern from larger companies that Project Managers had too much visibility on employee hourly rates/salaries. The company owners do not want all Project Managers to know what […]

It doesn’t matter how good you are at performing the work for which you are hired – if you don’t manage the money coming in and going out, you will end up broke. If you own a construction company, you’ve probably got a lot of money going out, and hopefully some moneycoming in, but at […]

If you’re leasing equipment, that’s not a bad thing. A lot of time that is an especially good decision if you are just starting out. If you get into a situation where you are going to have a long-term need for a piece of equipment – 5 or 6 months or longer – we recommend […]

I want to talk about the importance of choosing the right personnel for your construction company and managing your expenses. These are two things that will have a major impact on the success of your business. There’s nothing that will give you a bad rep any quickr than having someone onsite doing a project in […]