The ProfitDig Blog
Insights, strategies, and news for the modern contractor.
Construction Management at Risk: The Risks and Rewards for Contractors
In the construction industry, the manner in which projects are delivered significantly influences a contractor’s approach, management style, and eventual success. One widely implemented method for large, complex projects is Construction Management at Risk (CMAR). However, what does CMAR mean for contractors? Let’s dissect it. What is Construction Management at Risk (CMAR)? CMAR is a […]
Construction Tendering: What It Is and How to Participate Successfully
In the bustling world of the construction industry, understanding and effectively responding to construction tendering is paramount. This essential part of the industry not only fuels competition but also ensures the best possible service and quality for projects. Construction tendering is a process wherein businesses invite bids for large projects that must be submitted within […]
Mastering Construction Takeoff: A Simplified Guide for Accuracy
In the construction industry, there’s one thing that’s as crucial as the construction itself – it’s the “construction takeoff.” For those who are unfamiliar with the term, it’s not about buildings flying or excavators taking off like airplanes. Simply put, a construction takeoff is the process of estimating the amount of materials needed for a […]
Construction Mobilization – How to Do It Right and Get Paid For It
The construction industry often presents unique logistical challenges, one of which is mobilization — the process of moving resources such as equipment, materials, and personnel to and around a jobsite. Being a critical first step in the construction project lifecycle, efficient mobilization strategies not only save time and resources but also contribute to overall project […]
Exclusions in Construction Job Bids
In the construction industry, every project starts with a bid, a detailed proposal that outlines the scope of the work, the cost of labor and materials, and the project timeline. While bids are designed to give clients a complete picture of the project costs, they often include a list of ‘exclusions’. These are items or […]
Pricing a Plumbing Rough-In Job for New Homes: A Comprehensive Guide
As professionals in the construction industry, we continually face the challenge of accurately pricing our services. This task becomes even more complex when dealing with specialized tasks like plumbing rough-in jobs on new homes. The intricacies and variables involved can create a labyrinth of numbers, leaving many feeling lost. This article aims to provide a […]
Contractor Strategies for Winning Job Bids
Preparing a winning bid for construction jobs can be a complex and challenging process that requires careful planning and effort. Regardless of whether you are a general contractor or a subcontractor, it’s essential to understand how to prepare an accurate and competitive bid. The first step in bidding for construction jobs is to identify potential […]
How to Charge for Excavation Work
As a contractor in the construction industry, it’s important to price your services competitively while also ensuring that you are being fairly compensated for your time and resources. Excavation work is a vital component of many construction projects, but determining how much to charge for this service can be tricky. In this article, we’ll discuss […]
App for Contractors to Bid on Jobs – What to Look For
As a young construction contractor, it’s important to have the right tools to make your business profitable. An app for contractors to bid on jobs is a great starting point. But if you want to make a profit, that’s not enough. You also need job costing features to track your expenses and know your profitability. […]
Material Costs Skyrocketed in 2022 – How Contractors Can Deal With It
The 2023 National Subcontractor Market Report, a report created by Billd, a company that specializes in helping contractors acquire and finance materials for projects, has just been released. The report is based on survey of nearly 900 subcontractors around the country, a pretty good sample size. Some of the main takeaways from the report include […]
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