Remove Change Orders Remove Insurance Remove Profitability Remove Software
article thumbnail

The most important construction KPIs to improve profits and productivity

Lets Build

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

article thumbnail

The most important construction KPIs to improve profits and productivity

Lets Build

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

professionals

Sign Up for our Newsletter

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

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. INSURANCE |. Software & Technology. « Support: One of the Most Important “Features” of Software. Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. INSURANCE |. Software & Technology. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” Stay on Top of Changes. Or have you done extra work that wasn’t covered by a change order?

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. INSURANCE |. Software & Technology. « A Change (Order) for the Better? Judging Tipis » Some Advice on Change Orders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how change orders affect construction management.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. INSURANCE |. Software & Technology. Green Construction & Construction Software » The Business of Construction Risk Management. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money.

Risk 120
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. INSURANCE |. Software & Technology. Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Top 5 Trends in Construction Software.

Cash Flow 120