article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Alas, those days are long gone, which means we’re left to manage our fuel consumption or lose profit margins. Tip #1: Negotiate Fuel Costs. Before you go down the negotiating path, be sure you know your overall consumption by gallons. December 2008. November 2008. October 2008. September 2008.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Many contractors negotiate payment due dates with their vendors to get themselves out of short-term cash binds. Banks are attracted to profitable business. December 2008. November 2008. October 2008. September 2008. August 2008. Other alternatives – Banks aren’t the only source of funding out there.

Banking 120
professionals

Sign Up for our Newsletter

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

article thumbnail

Will cutting your prices save, or kill, your business?

Construction Marketing Ideas

A water jet cutter — showing some forms of cutting can be profitable. Assuming costs remain the same, that represents a 100 per cent profit/margin loss. ” Indeed, even slight price increases also have a disproportionate level on profits and sales-needed-for-breakeven. ” Why?

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

– will ultimately determine if you are on the bid list or in the negotiating room for the next project. December 2008. November 2008. October 2008. September 2008. August 2008. The answer to the question – What has this building done for me lately? November 2009. October 2009. September 2009.

article thumbnail

5 Marketing Responsibilities for Every Project Manager

PSMJ Resources

Negotiate Good Fees: Just as your PMs should take on developing. negotiate a solid fee, and then manage to meet or exceed the planned. Negotiate Good Fees: Just as your PMs should take on developing. negotiate a solid fee, and then manage to meet or exceed the planned. ► 2008. It’s. ► September.

article thumbnail

PSMJ Resources Blog: Effective Project Managers Need Authority

PSMJ Resources

Negotiate a fair and reasonable contract and favorable remuneration. • Make the planned profit on every job. Every project manager must truly understand that in order to survive (not to mention prosper), design and construction firms must generate a profit. ► 2008. PSMJ Resources, Inc. Newer Post.

article thumbnail

PSMJ Resources Blog: 6 Common Project Management Practices of.

PSMJ Resources

PMs should have a key role in the development and negotiation of scope. This practice is essential for realistic budgeting, scheduling, easier negotiating, and to serve as a yardstick to monitor the progress of the project against the resources spent to date. ► 2008. Have a strategic kick-off meeting. PSMJ Resources, Inc.