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Identify, Manage & Reduce Jobsite Hazards & Threats

Construction Business Owner

Identify, Manage & Reduce Jobsite Hazards & Threats ccapoccia Thu, 03/23/2023 - 09:57 All construction projects carry some level of risk that needs to be identified, assessed and managed so construction projects are not negatively impacted. There are four main types of risk in construction: financial, safety, scheduling and legal.

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Subcontractor Solutions for Higher Profits

Viewpoint Construction Technology

At the same time, you’re trying to keep a close eye on your own jobs, profit margins, invoices, personnel, equipment, drawings, and more. Without your own project management solution, you’re operating at a huge disadvantage and putting your business at risk.

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Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

Doing so won’t just make your life easier; it’ll also help you protect your profit margins. Because preconstruction offers the biggest opportunity to de-risk a project. This, in turn, leads to improved accuracy in project estimates , proactive risk management, and more effective resource allocation.

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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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Mitigating Water Damage Risks

Construction Business Owner

Every contractor and construction professional knows the three top priorities of a project: Finish on time, finish on budget and maintain profitability. Water damage, for example, is a high-risk threat that can delay a project, incur significant expenses and damage a contractor’s reputation.'

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8 essential steps for effective project cost estimation and budgeting

Fieldwire

Estimating project costs correctly and managing the budget accordingly are just as vital. Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable. All subcontractors make project cost estimation and budgeting errors. On average, remodelers net 4.7%

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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.