The ProfitDig Blog

Construction bid bonds are a topic that the new construction company owner may not know much about. I am going to give you a quick primer so you know what you are dealing with. When you get into construction jobs of a larger scale, whether you’re a prime contractor or a subcontractor, you’re going to […]

Dave Ramsey is best known for his work in personal finance, but some of his ideas can be applied to managing your company’s finances. Ramsey talks about using an envelope system for managing your money. I’m going to talk about how a system like that can work for a construction company just like it does […]

When first starting out, most small construction company owners will do their own estimating, in addition to the actual work on the jobsite. So the question then is when is the time right to hire a full-time estimator? In my opinion, you need to be in business for a while. Hiring an estimator is definitely […]

Let’s talk about handling your billing procedures and taking money for your projects – construction billing management. A lot of construction companies, especially newer ones, struggle maintaining enough capital to run on – money to operate on. Money often gets tight and you may want to overbill a project, but if you do that you’re […]

Let’s talk about how to bid a construction job. You are going to want to provide a professional looking bid that clearly matches the requirements of the job. The bid will be divided into sections called \”headers\” and \”bid items.\” Headers are top-level items that consist of one or more bid items. To create a […]