The ProfitDig Blog

A construction foreman ensures that everything runs well on a project site. They act as a bridge between the supervisors and the workers. A foreman’s primary responsibilities are scheduling projects, quality control, and monitoring the project’s progress. Becoming a construction foreman only requires a high school diploma. But most foremen have many years of experience […]

Excerpt from Digging for Profit: Secrets to Success in the Construction Industry, by Jeff Spencer and Jerry Work   There are going to be times when you can’t self-perform every part of a project yourself. It’s very common to be looking at a project, especially something you really want to bid on, that is above […]

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 […]

One thing that you’ve got to be aware of is something my Dad always warned about (even though we ended up falling into the same trap), which is putting all of your eggs in one basket. Put another way, avoid too much dependency on a single customer for business. That was the downfall of my […]