The ProfitDig Blog

A Guaranteed Maximum Price (GMP) contract is a popular form of agreement used in construction projects to establish a cap on the total project cost. Under a GMP contract, the contractor assumes the responsibility for completing the project within the agreed-upon budget. This article examines the significant benefits of using a GMP contract, including cost […]

In the construction industry, one role that offers considerable responsibility and a chance to significantly impact project outcomes is the construction foreman. But how does you climb the ladder from construction worker or operator to foreman? Here’s a straightforward, achievable plan that can set you on the right path. Step 1: Get a Solid Foundation […]

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 […]

In the construction industry, the efficient management of your crew is crucial for delivering projects on time, within budget, while maintaining high standards of quality. Equally important is creating a supportive and empowering work environment that fosters happiness and productivity among your crew members. Here’s a roadmap to guide you on this journey to operational […]

As an essential component of the construction industry, general contractors carry significant responsibility. Tasked with overseeing the day-to-day operations on a construction site, managing vendors and trades, and communicating updates to involved parties, a general contractor is the linchpin that ensures a construction project’s success. However, becoming a licensed general contractor isn’t a straightforward process—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 […]

As a construction company owner, one of the biggest expenses you’ll incur is the cost of labor. Paying your workers and equipment operators fairly is not only important for the success of your business but also for the well-being of your employees. However, determining how much to pay your workers can be a challenging task, […]

Construction project managers are professionals responsible for overseeing and managing construction projects from the design phase to the completion phase. They work with architects, engineers, contractors, and other construction professionals to ensure that projects are completed on time, within budget, and meet quality standards. You can become a project manager through your own initiative and […]

If you’re a construction contractor, you’re probably always on the lookout for ways to grow your business (if you’re not growing, your stagnant). One effective way to do this is by using sub-contractors. You probably don’t know how to do everything, or at least don’t have the equipment and people to do everything. By utilizing […]

Let’s talk about something that affects all of us in the industry: the prices of materials. Have you ever noticed that the price of wood and other materials can go up like crazy one day, and then drop just as quickly the next? It can be frustrating, but there are reasons behind it that we […]