article thumbnail

How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Home Builder Doing A Residential Remodel.

article thumbnail

Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

Commercial construction includes building projects exclusive of residential construction. They are determined by the current rates in force at the time the project goes out for bid and are usually included in the bid and contract documents. Wage determinations are set by each county and must be posted at each job site.

professionals

Sign Up for our Newsletter

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

article thumbnail

Common Types of Construction Contracts And Their Use

cnstrctr

This type is often used by governments and in simple residential construction. These are great for usage on simple residential and commercial construction projects. The owner performs a detailed analysis on the bids verifying that the proposals meet the requirements of the project and awards based on that. Lump Sum Contracts.

article thumbnail

Construction Lead Services: Dodge vs. Reed

Construction Marketing

The goal is to get in at the planning, not bid stage to take the competitor out of the equation. I worked at Reed Business Information, which owns RCD, as editorial director for the residential construction media. Planning stage, such as proposed, architect selection, schematics, bid stage, etc. First, a disclaimer.

article thumbnail

Construction Leads – So Many Leads, So Little Time!

Construction Marketing

The goal is to get in at the planning, not bid stage to take the competitor out of the equation. I worked at Reed Business Information, which owns RCD, as editorial director for the residential construction media. Planning stage, such as proposed, architect selection, schematics, bid stage, etc. First, a disclaimer.

article thumbnail

THE ESTIMATING PROCESS FROM A TO Z

Construction Cost Estimating

For example, if you''re obtaining one contractor bid for roofing, covering all the things listed therein class, simply enter the value once the heading Roofing. You’ll mark all the opposite line things lined by the roofing bid as atomic number 11. I like to recommend chase these value breakdowns in individual Itemized Bid Worksheets.

article thumbnail

Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

According to reports, JPMorgan Chase, the nation’s largest bank, will provide $100 million to help Detroit with housing repairs, blight removal, job training and economic development projects over the next five years. The bank will direct half of the $100 million in loans and grants to community projects.

Detroit 49