Jan 17, 2023 | Blog, Finances, Job Bidding
Rapidly rising materials costs are a real concern for any construction contractor, especially in light of the price inflation we are experiencing these days. But there are strategies you can use to mitigate the risk and save your profit. Here are ten strategies you...
Jul 27, 2022 | Blog, Finances, Job Bidding, Management
An escrow account is essentially a savings account that’s managed by your mortgage servicer. How can this be helpful in managing the cashflow in construction? If you are thinking of becoming self-sufficient in the construction industry, investing your profits...
Apr 18, 2022 | Job Bidding, Blog
The hard bid estimating process is a widely used method of estimating construction costs and time. The process involves listing the various items that go into the building, such as labor and materials, and calculating their total cost. A hard bid is a rough estimate...
Mar 10, 2022 | Blog, Finances, Job Bidding
AIA contracts are standard forms used in many construction projects across the United States. It outlines the responsibilities of both the contractor and the owner and can be used as a legal agreement between both parties. In this article, we will discuss the key...
Nov 18, 2021 | Job Bidding, Blog, Construction Equipment, Finances, Hiring
Here are some items that represent MAJOR dangers to your business. Putting All Your Eggs in One Basket 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...
Oct 28, 2021 | Blog, Job Bidding, Management
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,...
