Remove Bidding Remove Cash Flow Remove Foundation Remove Office
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Construction Business Owner Blogs

Construction Business Owner

Now that the holidays are over and all of the massive amounts of breads, cookies, candies, and pies have suddenly disappeared (at least they have from my office) it’s time to make those New Year’s resolutions. Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people.

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Construction Business Owner Blogs

Construction Business Owner

The Expensive Process of Bidding » Save Time, Resources – File Electronically. Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. foundation. foundation software. Construction Business Owner E-Newsletter. -->. Home » Blogs.

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Construction Business Owner Blogs

Construction Business Owner

It’s often easy to bid on a job, start work, and miscalculate how far along in the project you are versus the amount of money you’ve spent. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project. Connect the Field to the Office. foundation. foundation software.

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Construction Business Owner Blogs

Construction Business Owner

With backlogs down and work less plentiful, field supervision has come into the office and become an integral part of the estimating process. In addition to providing critical insight to a bid, tender or proposal, the theoretical “buy-in” to the process from the field manager is invaluable. foundation. foundation software.

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Drive Profitability With a Construction-Specific ERP

For specialty contractors, using a construction software platform helps to lay the technological foundation required to support future growth and improved financial performance. Improved cash flow. Improved collaboration. Transparent reporting. Reduced costs. Smarter decision-making. Enhanced security.

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Construction Business Owner Blogs

Construction Business Owner

But I have been surprised at the number of contractors who tell me that they have bid for jobs at break-even or at a loss. All of a company’s overhead – office, management, and other costs – need to be rolled into the pricing. foundation. foundation software. Change orders cost a company more than labor and materials.

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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing through your financial pipes. Here’s a little-known fact about growing a plumbing business: It can be incredibly cash-hungry.