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Builders Press Pause on New-Home Construction as Unsold Inventory Hits Record High

Pro Builder

Builders Press Pause on New-Home Construction as Unsold Inventory Hits Record High. Home builders doubled down on residential construction projects to turn a higher profit throughout the COVID-19 pandemic, but as buyer demand wavers, prices are falling in an oversupplied market. Mon, 08/08/2022 - 10:18.

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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. Clear Communication.

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An Invisible Revolution: How Leading Construction Firms Are Rethinking Construction as a Business

Autodesk Construction Cloud

While productivity has never been so high, profits and margins are still very low for most businesses. Six years ago, I started to inventory the strategic moves of the largest players across the construction industry to better advise these customers.

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Implementing lean construction for infrastructure projects

Lets Build

The result is often lower productivity and less profitability for those involved in infrastructure projects. Removing non-value-adding activities through the lean methodology can increase productivity, allowing contractors to provide more value to their customers and achieve higher profitability. Focus on value creation.

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Electrical Contractors Have Unique Bookkeeping Needs

Contractor Bookkeeping

You would never hire a rough-in electrician with a background in new construction commercial work to be part of your residential remodeling crew because they are trained to rip and tear and work fast will little or no concern for anyone or anything that gets in their way. Inventory Tracking - Can be a nightmare and we have a system for it.

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Plumbing Contractors Have Unique Bookkeeping Needs

Contractor Bookkeeping

You would never hire a rough-in plumber with a background in new construction commercial work to be part of your residential remodeling crew because they are trained to rip and tear, yell, get aggressive and bully everyone and everything in their way. Inventory Tracking - Can be a nightmare and we have a system for it.

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Is Your Bookkeeping Service Overcharging Your Construction Company?

Contractor Bookkeeping

2 Construction which is roughly 15% of all bookkeeping and accounting and includes serving the needs of general contractors, builders, residential and commercial remodelers, specialty trade contractors and about fifty more contractor types. It takes roughly 2,000 hours of training to be proficient enough to get by and do a reasonable job. #2