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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.

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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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Essential Construction KPIs to Improve Profits and Productivity

Autodesk Construction Cloud

Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Similarly, although basic construction project metrics concern costs and time, profit isn’t the only performance issue to measure. A safer site incurs less risk and long-term costs.

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7 Ways Contractors Can Save Money

Viewpoint Construction Technology

Planning for construction costs can mean the difference between making a decent profit and barely breaking even. Inventory your assets. Take the time to create an inventory list of all the tools and equipment on the jobsite. No one wants too little workers on site, or too many at a time. Schedule smart.

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Shovel-Ready Sites: Ready To Hit The Ground Running

Business Facilities

I n order to attract new development, locations have to be prepared for it and have sites that are ready to hit the ground running. are implementing site certification programs that give available sites a shovel ready designation—meaning that the site is primed and ready for economic development. States across the U.S.

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What Is a Residential Building | Types of Residential Buildings | Site Selection for Residential Buildings

CivilJungle

If a builder wants to avoid being stuck with a growing inventory of completed homes and subsequent bank pressures, he or she must be realistic and forecast interest rate and housing demand trends. Some builders gain more flexibility by building custom homes with higher profit margins. Site Selection for Residential Buildings.

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Vaughan Buckley on Restarting a Former Katerra Factory

Pro Builder

We’re taking that approach with each of the [production] lines for cabinets, countertops, windows, floors, walls, ceilings, and trusses, and each of them really needs to be independently profitable. PB: So the intention is to treat every production line as a separate profit center? Perhaps a better word for that is viable.