How to Keep Your Profit Wheel Spinning
Construction Business Owner
DECEMBER 11, 2016
The No. 1 challenge many contractors face is profit shrinkage or profit margin fade. This recurring problem appears when final construction job cost comes in higher than the bid or contract project budget. As a business coach, I see numerous contractor income statements every year. I often hear company owners say that they bid using a 15-percent markup for overhead and 10 percent for profit.
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