article thumbnail

Five Tips To Help Contractors Stop Losing Money On Change Orders

Contractor Bookkeeping

Four Important Words That Turn High Profit Jobs Into Non-Profit Jobs! It''s A Small Change. In this case the "Hammer" is a change order. You do what you promise and they will pay you, no questions asked and they are the foundation for high profit repeat customers. No law says there has to be change orders.

article thumbnail

Huge Construction Company Profit Increases Are From Tiny Changes

Contractor Bookkeeping

We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. Change Orders are a huge source of new profit. Click here.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unique Contractor Bookkeeper Ride Along To Increase Company Profits

Contractor Bookkeeping

We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. The differences in operations between the two groups are very small and yet the profit picture is massively different. Change Order Management. Invite Your Construction Bookkeeper To A Jobsite For Half A Day. Job Scheduling.

article thumbnail

Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

To make matters worse there are a never ending parade of consults and hucksters ready to solve all your problems and make everything right as if by magic; and you know that''s not going to happen! Perhaps it could be time for a shift is thinking and a radical change in the way you view the world. Contractors don’t plan, they recover.

article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Contractor''s Business Round Table Reduces Profits.

article thumbnail

Job Order Contracts – A Review of Independent Audits

Job Order Contracting

Unfortunately, if an Owner or Facilities Manager is not educated on the topic and relies exclusively upon a JOC consultant, major problems are common. Contractor’s percentage has declined 31% since program inception, significantly decreasing the likelihood contractors are able to make a profit. Approximately $1.9

Contract 100
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

I highly recommend that any contractor considering such an investment first consult with their CPA or tax specialist to discuss how Section 179 applies to their unique situation. change orders. Section 179 was designed to provide an attractive tax savings on these purchases. January 2009. December 2008. November 2008.