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12 Pitfalls New Contractors Should Avoid

Construction Business Owner

New contractors, like all contractors, face challenges around workload: cash flow, staffing and contracts. Construction Insurance. Main Image. Liberty Mutual Insurance. New contractors face big challenges - is your new business built for success? Greg Ragsdale. Wed, 10/06/2021 - 10:29. Promote to rotator No.

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A Cash Flow Guide for Architects

Levelset

However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.

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The most important construction KPIs to improve profits and productivity

Lets Build

One of the main construction KPIs to monitor for every project is your passed-to-total inspection ratio; it gives you an overview of the project’s overall quality. Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time. Cash flow Cash isn’t king – cash flow is.

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The most important construction KPIs to improve profits and productivity

Lets Build

One of the main construction KPIs to monitor for every project is your passed-to-total inspection ratio; it gives you an overview of the project’s overall quality. Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time. Cash flow Cash isn’t king – cash flow is.

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4 Mistakes to Avoid in Construction Bidding

Viewpoint Construction Technology

For example, if you completely own a piece of equipment, you probably estimate the amount of fuel that it uses on a job, but may not consider including the depreciation, insurance, maintenance, and other costs associated with running it. If two of your main competitors are known for bidding low, you may have to reduce your bid comparatively.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Which brings me to my main point: Competition is healthy. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. February 2009. January 2009. December 2008.

Software 136