The ProfitDig Blog
Insights, strategies, and news for the modern contractor.
What Is a Foreman? The Crucial Role of a Foreman in the Construction Industry
We publish articles all the time about running a successful construction company. One of the main guys responsible for successful, profitable projects is the foreman. But just what is a foreman? Let’s discuss. In the intricate mosaic of the construction industry, where professionals with diverse specializations harmoniously contribute towards the creation of awe-inspiring structures, the […]
How to Start an Excavation Company: A Guide for Construction Workers with a Dream
IntroductionStarting your own excavation company can be an exciting and rewarding venture for construction workers or operators with a dream of running their own business. However, it requires careful planning and a solid understanding of the industry. The WORST thing you can do is attempt it without being properly prepared. You could very well end […]
How a Decrease in Nonresidential Construction Affects Your Business
A recent article from ConstructionDive discussing the nonresidential construction sector can be summarized as follows: The nonresidential construction spending has decreased for the first time in 11 months, according to a report. The decline is attributed to various factors, such as rising material costs, labor shortages, and supply chain disruptions. These challenges have impacted the […]
Managing a Construction Business: Seven Steps for Ultimate Success
Managing a construction business can be a daunting task, but it’s not rocket science! With a firm foundation and a sturdy framework, you can build an operation that’s as solid as the structures you erect. Here are seven easy-to-understand tips that could help streamline your operations and boost your construction business to new heights. Embrace […]
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 […]
4 Benefits of a Guaranteed Maximum Price (GMP) Contract
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 […]
Becoming a Construction Foreman – a Blueprint for Success
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 […]
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 […]
Managing Your Construction Crews to Achieve Excellence
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 […]
Navigating the Path to Becoming a Licensed General Contractor: Universal Requirements and State-Specific Variations
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 […]
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