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Harnessing the Power of RPA

Construction Business Owner

Common expenses for operating a construction business include labor, materials, insurance, permits, office space, vehicles, trailers and other incidentals. Furthermore, some company expenses are not negotiable and are often the largest portion of mandatory expenses, such as labor costs.

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7 Contractor Tips for Dealing With Insurance Adjusters & Owners

Levelset

As a contractor, you rely on the property owner to pay you for your work and materials. In turn, the owner is relying on the insurance company to pay their claim. After all, the faster the insurance company pays the owner, the quicker you can get paid ! You may feel the urge to step in and help with the adjuster.

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7 Things Contractors Need to Know About Retainage

Fieldwire

Retainage is up for negotiation Retainage is not set in stone. Every contract is negotiable, including what percentage is retained and for how long. BLOG How to Streamline Construction Processes from Planning to Payments Learn more → In addition, the same contract has a provision for negotiating variable retainage.

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Sharing Your Budget Streamlines the Pre-Construction Phase

Wolgast Corporation

Sensibly, we understand that sharing a budget feels risky because it shows the owners “full hand” so to speak in poker terms and he or she could feel like it reduces the opportunity to negotiate. Also, we will know up front if we need to alternate the scope of the building and by how much after estimating is complete.

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Commercial Construction Strategies: Flagship Stores to Footprint Expansion

HardHatChat

More often than not, a prototype feature entails materials the client hasn’t used before, so it is the contractor’s job to figure out sourcing, lead time, and any questions regarding installation. Similarly, it might involve using new technology to create an interactive display, exhibit, or customer experience.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

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The pros and cons of becoming a subcontractor

Fieldwire

You’ll need to purchase your own health insurance and you won’t receive paid sick or vacation days. Because subcontracts are negotiated rather than bid upon, you may not need bonds for subcontracts. Licensing and insurance as a subcontractor are similar to that of a general contractor.