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Safety First, Bidding Next: How Safety & Compliance Wins Contracts

Safety Services Company

The difference lies in how each prioritizes safety and compliance. Rigorous oversight, extensive use of Personal Protective Equipment (PPE), and investment in safety and compliance training drive Bob’s profits well above industry averages. Your safety and compliance track record. Let’s look at why that is.

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Willmott Dixon vows to recover building safety millions

Construction Enquirer

The cost of complying with the Building Safety Act has blown a hole in the latest accounts from Willmott Dixon. And the contractor vowed to go after “designers, fire engineers, supply chain and insurers” to reclaim a “substantial portion” of the £62m it has set aside for building safety and cladding retrofits.

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The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. ” Clearly, technology can enormously influence your projects’ productivity and profitability. Little to no project or business predictability Most construction projects are like a unique snowflake.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . Accounts Receivable Turnover . Formula: Revenue / Accounts Receivable .

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Seven Traits of Profitable Specialty Contractors

Fieldwire

Anyone who has managed a construction company, department, or project knows profitability can be challenging. Intense competition, fluctuating market conditions and other factors often result in tight profit margins. Even with numerous challenges, specialty contracting can be profitable. In-Demand Expertise.

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Construction in the Digital Age: Embracing Innovative Tools for Successful Business

Construction Marketing

These tools provide an in-depth analysis of project expenses during the planning stage by taking into account a variety of elements. Safety and Risk Management Safety and risk management are paramount in the construction industry. In addition, QR codes can also be a great solution if you want to keep your information in safety.

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Top 8 Construction Health and Safety Hazards — and Ways to Protect Your Jobsite

Levelset

By the same token, many potential situations pose risk to the health and safety of your employees and others working on the jobsite. Here’s an overview of eight of the top safety and health hazards in construction — and some preventive measures you can take to avoid these risks. . of all deaths in the construction industry. .

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