Do You Fall Above or Below Typical Contractor Overhead and Profit? How can contractors discern whether or not their company is successful if they’re not well-versed in industry averages? Understanding how industry averages for contractor overhead and profit relate to your construction company is the first step toward obtaining the best results possible. When contractors […]
Effectively Track and Maximize Your Construction Profit Margin As a construction industry professional, you must familiarize yourself with the situations that can make or break each project. In some cases, plans do not proceed as you expected they would, and the project exceeds your original estimate. In other cases, the project may stay within the […]
General Contractor Software That Ticks All the Boxes In recent years, construction software has transformed how general contractors fulfill their responsibilities. General contractors can manage project details and easily communicate with employees, subcontractors, and stakeholders from virtually any location with technology. As a result, each phase of your project can now progress more smoothly. Dynamic […]
Your general contractor markup is a crucial calculation. The key is to strike a perfect balance that rewards both your team and your clients.
Keep Your Project on Track with Accessible Construction Budgeting When it comes to site efficiency, the foundation of a successful project demands pre-construction planning, risk mitigation, clear budgeting, and detailed site management. However, efficiency can quickly be undercut by poor communication and limited document sharing between your offices and the worksite. Many construction workers still […]
How to Manage Your Construction Overhead and Profit Anyone involved with the daily operations of a construction business understands that it is crucial to manage your expenses wisely. Essentially, this means your production costs, payroll, and other expenses will need to be calculated with the utmost accuracy. However, managing your business finances is no cause […]
What to Look for in an Effective Project Management Program Efficiently managing a construction project is a complicated endeavor, with many different aspects that require close attention to detail. Project managers must maintain constant communication with everyone involved, accounting for all expenses and continuously adjusting the project plans as new information becomes available. However, finding […]