The ProfitDig Blog
Insights, strategies, and news for the modern contractor.
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 […]
What You Should Expect to Pay for Construction Labor and Skilled Operators
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, […]
Becoming a Construction Project Manager via the College Route
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 […]
Using Contingencies to Cover Your A@# in Construction Job Bids
Construction projects are complex undertakings that involve a wide range of tasks, from planning and design to implementation and completion. While many construction projects are completed without incident, there are always unforeseen events that can arise during the course of a job. You can count on something going wrong! That’s why it’s essential for construction […]
The Top 7 Ways to Maintain and Extend the Life of Your Construction Equipment
If you’re going to be in construction, you’re going to need equipment. The equipment is often very large. And it is expensive! For that reason, their maintenance is crucial in order to extend their lifespan and keep them running efficiently. In this article, we will discuss some tips and best practices on how to maintain […]
The Critical Differences Between Bidding on Municipal/Government Work Versus Private Work
As a contractor, you will likely bid on work for both private entities as well as municipalities/government enties. While the end goal may be the same – to win the project – the processes, requirements, and nuances of each type of bidding can vary significantly. In this article, we will explore the key differences between […]
Grow Your Business with Sub-contractors
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 […]
Why Materials Prices Can Change So Rapidly and What To Do About It
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 […]
7 of the Best States for a Construction Contractor to Look for Work
The construction industry is booming in certain parts of the United States, and there are many opportunities for contractors to pursue construction jobs if they are willing to go where the work is. Wherever you are, there is likely work for a good contractor. But if you are open to relocating, there are definitely areas […]
The High Cost of Not Accounting for Safety in Your Construction Job Bids
Construction sites can be dangerous places, and even with proper safety measures in place, accidents can still happen. Unfortunately, when a construction worker is injured on the job due to a lack of proper safety measures, the ramifications can be significant for the contractor and their business. In this article, we’ll explore the potential consequences […]