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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. Effective Marketing.

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7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The basics of retainage Retainage, also called retention, is an amount withheld from the contractor until a later date.

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Construction Business Owner Blogs

Construction Business Owner

Home » Blogs. A lot of contractors have asked me about Section 179. Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. David Brown Blog. Fred Ode Blog. Jaron Stone Blog. John Chaney Blog.

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#133:  DOL's Latest Independent Contractor Rule

NH Construction Law

Department of Labor issued its new rules on how to properly classify workers as either employees or independent contractors under the Fair Labor Standards Act. Under the “economic realities” analysis, six factors are considered: (1) the worker’s opportunity for profit or loss depending on managerial skill.

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Construction Business Owner Blogs

Construction Business Owner

Home » Blogs. Mid-January is a time of reflection for many contractors. Querying different type of jobs in job costing to look at profitability by type. This entry was posted on Wednesday, January 18th, 2012 at 12:32 pm and is filed under Fred Ode Blog. David Brown Blog. Fred Ode Blog. Mark Reich Blog.

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Construction Business Owner Blogs

Construction Business Owner

Home » Blogs. And risk can be a profit center, since insurance companies obviously make money. Contractors work in the middle of a chain of risk passed onto them. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Ask the Expert.

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Construction Business Owner Blogs

Construction Business Owner

Home » Blogs. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line.