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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Insurance is perhaps the most important thing to arrange before starting a construction company.

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Construction Business Owner Blogs

Construction Business Owner

Industry Statistics. Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Public Exposure and Liability on Construction Sites. Ask the Expert.

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Construction Business Owner Blogs

Construction Business Owner

Industry Statistics. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses. Equipment and Services Directory. Ask the Expert.

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Construction Business Owner Blogs

Construction Business Owner

Industry Statistics. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Public Exposure and Liability on Construction Sites. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News. Forms and Checklists. Seminars and Tradeshows. Product Spotlight.

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Construction Business Owner Blogs

Construction Business Owner

Industry Statistics. If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. Public Exposure and Liability on Construction Sites. Equipment and Services Directory. Ask the Expert.

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Construction Business Owner Blogs

Construction Business Owner

Industry Statistics. Querying different type of jobs in job costing to look at profitability by type. Public Exposure and Liability on Construction Sites. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News. Forms and Checklists. Seminars and Tradeshows. Product Spotlight. Auction Calendar.

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Construction Business Owner Blogs

Construction Business Owner

Industry Statistics. And risk can be a profit center, since insurance companies obviously make money. Even if this doesn’t become an actual source of profit in and of itself, contractors who actively work to understand and control risk are in a position to make smarter project decisions that lead to higher profit margins.

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