The ProfitDig Blog

The construction industry, known for its dynamic and often complex project landscapes, encounters various contract models tailored to the unique needs of each project. Among these, Cost Plus Construction Contracts stand out for their distinctive approach to project billing and management. This article aims to demystify Cost Plus Contracts, highlighting their features, typical use cases, […]

Starting your own construction company can be a fulfilling and lucrative venture, especially if you’re an experienced construction worker with the entrepreneurial spirit. This comprehensive guide will explore the key steps on how to open a construction company, tailored to those in the construction business who are considering branching out on their own. We will […]

In the construction industry, two common procurement methods for securing services and goods are the \”Invitation to Bid\” (ITB) and the \”Request for Proposal\” (RFP). While both are used to solicit offers from potential contractors or suppliers, they serve distinct purposes and are used in different scenarios. Understanding the nuances between an ITB and an […]

Sunrise paints the sky in a palette of oranges and purples, heralding the beginning of a new day. But for a construction worker, the day has already begun with the familiar buzz of alarms breaking the quiet dawn. Whether you’re a laborer with calloused hands or an equipment operator with a keen eye, the life […]

In the realm of construction, precision is of the essence. Whether constructing a skyscraper or refurbishing a kitchen, the details determine the success of a project. One pivotal detail during the planning phase is the \”construction takeoff.\” For those in the construction industry, a takeoff isn’t just a jargon term—it’s the backbone of successful project […]

In the ever-evolving landscape of the construction industry, heavy machinery plays a pivotal role in determining the success of a project. One such vital piece of equipment is the excavator. With their ability to dig, lift, and transport heavy objects, excavators are indispensable on many construction sites. However, with multiple varieties available, how do you […]

So, you’re thinking about diving into the world of construction and taking on the challenge of being your own general contractor (GC) for a project. It’s not uncommon for individuals, especially those building their own homes, to contemplate this route. The benefits? Potentially saving money, having a hands-on approach, and experiencing the gratifying sense of […]