The ProfitDig Blog
Insights, strategies, and news for the modern contractor.
Understanding Your Contract: A Guide for Contractors
Understanding Your Contract: A Guide for Contractors When you land a contract, it’s like winning a mini-lottery – but don’t let excitement cloud your judgment. You’ve got work to do before you start celebrating. Let’s walk through what you need to do to make sure that contract works for you, not against you. Read and […]
Understanding Equipment Costs in Your Bids
Understanding Equipment Costs in Your Bids When you’re deep into the trenches of a construction job, it’s easy to overlook the costs that come with owning and operating your equipment. But let me tell you, if you’re not factoring those in, you might be digging your own financial grave. Let’s walk through what you need […]
Understanding Bonds in Your Construction Bids
Understanding Bonds in Your Construction Bids When you’re putting together your bids, it’s easy to overlook the details that can make or break your proposal. One of those details is understanding bonds. Bonds can seem complicated, but getting a handle on them is important. Let’s break it down so you can bid with confidence. What […]
Understanding Bid Expiration Dates: Protecting Your Pricing
Understanding Bid Expiration Dates: Protecting Your Pricing When it comes to bidding on construction jobs, one of the simplest yet most important aspects is getting the expiration date right on your proposals. This isn’t just fine print; it can make a significant difference in how your bid is perceived and what you can deliver. Let’s […]
Getting the Best Equipment Quotes: A Contractor’s Guide
Getting the Best Equipment Quotes: A Contractor’s Guide When it comes to buying new equipment, you want to make sure you’re getting the best bang for your buck. Whether it’s a single excavator or a fleet of machines, knowing how to gather and compare quotes can make a significant difference in your money. Here’s how […]
How to Create a Winning Bid Proposal: Protect Yourself with Detail
How to Create a Winning Bid Proposal: Protect Yourself with Detail When it comes to bidding on projects, the last thing you want is to be in a back-and-forth over details that should have been clear from the start. You want your proposals to be as detailed and straightforward as possible so that potential clients […]
Keep Your Machines Running Smoothly: The Importance of Greasing Fittings
Keep Your Machines Running Smoothly: The Importance of Greasing Fittings As any contractor knows, keeping your machinery in good shape is key to running a successful business. One of the simplest yet often overlooked tasks is making sure that your grease fittings are taken care of. Neglecting them can lead to costly repairs and downtime, […]
Budgeting Your Construction Project: Key Components to Consider
Budgeting Your Construction Project: Key Components to Consider Putting together a budget for your construction project can feel like trying to nail jelly to a wall. It’s sticky, messy, and often confusing. But if you want to keep your project running smoothly and profitably, you’ve got to get a handle on it. Here’s a straightforward […]
Still Busy, Still Broke: How Contractors Lose Money Even with a Full Schedule
How Can You Be This Busy and Still Struggling? A lot of contractors are slammed right now. Crews are working.Trucks are rolling.The calendar is packed. And yet… the bank account doesn’t feel any better. That’s one of the most frustrating situations in construction – being busy and still broke. Busy Doesn’t Mean Profitable Here’s the […]
It’s January. If You Don’t Know Your Numbers Yet, You’re Already Behind
January is a funny month in construction. The phones are quieter. The job sites slow down. And for a few short weeks, contractors actually have time to think. That makes January dangerous. Because this is the month when a lot of guys say, “I’ll dig into the numbers later,” and then later never comes. By […]