Construction Business Owner

APRIL 20, 2023

Adopting software doesn’t mean you have to change processes or workflows — it’s about enhancing them with automation, reporting, historical record keeping and bulk actions that improve your business performance and profitability. Miller Electric has grown a great team with more than 1,000 electricians in the field.

Software 177

Software Software Contractors Electrical 177

Pro Builder

MAY 12, 2021

How the Pandemic Will Shape the Future of Off-Site Residential Construction. Productivity in home construction lags behind almost every other industry, while inefficiencies and waste hurt profits and growth. Now is a critical moment to double-down on a technology-driven, innovative approach to residential construction. . . .

Site 111

Site Residential Construction Accidents 111

Contractor Magazine

NOVEMBER 7, 2016

will now offer a content rich, image driven price book designed to maximize profit margins for residential contractors. ServiceTitan today announced its new partnership with Profit Rhino® to offer a visually enhanced, content rich flat rate price book and selling system. ServiceTitan Mobile 2.0 read more.

Profitability 60

Profitability Visualization Mobility Residential 60

Construction Enquirer

MAY 23, 2023

MEC specialised in small to medium projects within the M25 across heritage, residential, commercial, healthcare and schools sectors with revenue peaking at around £23m before covid. Management accounts to December 31 2021 showed a turnover of £17m generating a net profit of £177,000.

Debt 79

Debt Leases Liability Profitability 79

Lets Build

MARCH 31, 2022

Managing on-site workers & schedules. While specialised construction contractors typically see lower average wages than general contractors, they also don’t have all of the management responsibilities. Further read: How a large residential contractor reduced building time 5x by moving their schedule to the cloud.

Contractors 148

Contractors Profitability Management Schedule 148

Fieldwire

SEPTEMBER 6, 2023

based jobsite management software company , in 2021. Fieldwire is on a mission to become the world’s most trusted field management solution for construction teams on projects of any scale. To bolster its offerings as the digital transformation partner of choice for its customers, Hilti acquired Fieldwire , a U.S.-based

Software 97

Software Software Products Construction 97

Lets Build

SEPTEMBER 15, 2022

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. Implement just-in-time management.

Infrastructure 148

Infrastructure Construction Profitability Contractors 148

Construction Marketing Ideas

JUNE 1, 2018

Michael Stone has been providing business guidance for residential contractors for years; and he constantly advocates the importance of marketing and sales skills to business owners who struggle in part because they rely exclusively on passive referrals, expensive third-party leads services, or chase “low bid wins the job” contractors.

Residential 54

Residential Contractors Bidding Profitability 54

Construction Enquirer

JUNE 8, 2023

Insolvency experts from FRP Advisory took control of the London-based residential tower builder yesterday evening. Amid the recent confusion, at least two Henry site managers are said to have been assaulted in recent days by fuming subbies seeking payment.

Construction 138

Construction Maine Contractors Residential 138

Contractor Bookkeeping

MAY 3, 2019

The truth is the most successful, wealthy, highly profitable construction contractors don't like change. Six keys helped us outperform other contractors in terms of cash flow and profit year after year regardless of the economic conditions: I was raised in a construction family.

Cash Flow 52

Cash Flow Management Profitability Accounting 52

Pro Builder

DECEMBER 11, 2020

Julie Schafer discusses how joining her local Professional Women in Building Council transformed her experience and allowed her to combine her non-profit background with her building career. Though it may be hard to believe, in the beginning, Julie entered the industry without a bit of knowledge on residential construction.

Profitability 52

Profitability Project Management Residential US 52

Contractor Bookkeeping

SEPTEMBER 5, 2013

All Construction Contractors Get Referrals which some turn out to be profitable some turn out non-profitable. The key is getting more profitable leads and fewer not-profitable leads. Most Profitable Lead Referrals come from your clients and most not-profitable lead referrals come from customers.

Profitability 49

Profitability Contractors Accounting Income 49

Pro Builder

JUNE 12, 2020

How Just-in-Time Land Deals Help Manage Cash Flow. The cost of owning land can add up quickly over a three-to-five-year period if you take into account interest rate payments, property taxes, insurance, maintenance, and other expenses, which erode its profitability. . Business Management. Fri, 06/12/2020 - 05:00.

Cash Flow 64

Cash Flow Deals Management Inventory 64

Contractor Magazine

NOVEMBER 8, 2016

The Central Division of American Residential Services has earned the prestigious Highest Profit Margin Division (EBITA) and Division of the Year awards at the Annual Manager’s Meeting. read more.

Management 56

Management Profitability Residential 56

Construction Enquirer

APRIL 20, 2023

He has urged them to use their “position of influence” to help gain a commitment to fund the post Grenfell residential block building safety programme. Major shareholders Blackrock, Vanguard and Fidelity Management, as well as central bank of Norway, have received letters.

Legal 96

Legal Banking Safety Commercial 96

Construction Marketing Ideas

OCTOBER 14, 2015

Adams Hudson reminds us his Contractors’ Sales and Marketing Inside r , that the basics behind AEC marketing — at least for the business-to-consumer residential sector — are quite simple. Michael Stone has some worthy resources to help out in the residential sales. The second strategy is to price for profit.

Residential 48

Residential Contractors Profitability Overhead 48

Contractor Bookkeeping

NOVEMBER 3, 2012

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! Construction company owners who understand Construction Psychology and the need for Business Process Management (BPM) System also know the importance of being process dependent, not people dependent.

Profitability 48

Profitability Bankruptcy Contractors Remodeling 48

Contractor Bookkeeping

NOVEMBER 6, 2012

80% Produces More Profit Than 110%. Our new construction plumbing company specialized in low-rise mixed use residential and commercial buildings. It simply meant we earned more bottom line profit by reducing the workload we demanded from our plumbing crew from 100% to 80% of their capacity.

Profitability 49

Profitability Construction Forecasting Injury 49

Pro Builder

JANUARY 31, 2023

The next-best average net profit of 11.41 generated net profits in excess of 12%, with 6.8% recording net profits of more than 20%, which comes out to an average net profit of 12.06%—a record in the 29-year history of our survey (see chart, below). was recorded in 2020. Builders recording losses represented 6.5%

Inventory 98

Inventory Housing Profitability Cash Flow 98

Viewpoint Construction Technology

OCTOBER 9, 2018

In March 2018 alone, The Australian Bureau of Statistics Building Activity Report , stated that was a consistent uplift in the trend values of works completed on buildings, residential buildings, non-residential units, and dwellings with 0.6%, 0.4%, 0.9%, and 0.2% For other residential building commencements, the value rose 0.2%

Industrial 130

Industrial Construction Software Software 130

Construction Marketing Ideas

JUNE 27, 2012

Michael Stone’s classic Markup and Profit book , originally written in 1998, has become an essential guide to contractors hoping to succeed — even survive — in the contracting business. You can calculate clearly your profit and markup requirements with the formulas and then figure out what you need to do to balance things.

Profitability 54

Profitability Overhead Residential Resource 54

Construction Enquirer

JUNE 2, 2023

“The challenge of cash flowing and managing the losses associated with the inflationary pressures of these uncertain times was just too great. ” Claritas specialised in projects up to £70m across the residential, commercial and education markets. turnover generating a pre-tax profit of £455,000.

Cash Flow 97

Cash Flow Accounting Industrial US 97

Construction Cost Estimating

APRIL 3, 2017

The software can handle the whole project lifecycle from bid to project completion by providing all-in-one solution for estimating, project management, and accounting. ProContractor is a useful construction software developed by Viewpoint. ProContractor is operated through the cloud with the viewport’s partner CloudJumper.

Estimating 40

Estimating Project Management Bidding Management 40

Constructonomics

FEBRUARY 4, 2013

Noelle Hirsch is a regular contributing researcher and writer for the online construction management site, [link]. In today’s post, she delves into the timely topic of integrating efficient construction management and LEED certifications into building practices to lower operating costs and reduce energy use.

Certification 122

Certification Management Green Construction 122

Pro Builder

JUNE 10, 2022

who has been coaching home builders in management best practices for 50 years. Not only did they continue to increase market share (to 36% or 483,720 units; see chart, above) of all new-home closings in 2021, but they’re also more profitable, averaging 9.1% Despite cost increases, average net profit leapt to 9.1%

Housing 119

Housing Industrial Profitability Retail 119

Pro Builder

NOVEMBER 13, 2020

The National Association of Home Builders believes that by diversifying offerings, builders can grow their business and, in return, see more profit. Identify types of businesses that provide diversification opportunities for builders, remodelers, residential contractors and small commercial contractors. Business Management.

Remodeling 52

Remodeling NAHB Commercial Profitability 52

Construction Marketing Ideas

AUGUST 28, 2019

He says a successful residential contractor should have a profit margin (after expenses) of eight per cent, with the owner earning enough after-tax personal income to meet all obligations, including 10 per cent for […].

Income 66

Income Profitability IDEA Residential 66

Construction Marketing Ideas

SEPTEMBER 3, 2017

Andrew Houston has provided an impressive 30-point checklist primarily directed to residential contractors, to increase their marketing and sales success — and therefore, profitability. He makes this important point: “A 20 per cent increase in your quote-to-win ratio will double your profits.”

Houston 54

Houston Profitability Residential Contractors 54

Contractor Magazine

MARCH 13, 2017

Seminar designed to help HVAC, plumbing and electrical service company owners run a profitable, debt-free business. The New Flat Rate, a leading provider of menu pricing for residential home service companies, is hosting a seminar at the Hilton Garden Inn, Atlanta Airport, on Wednesday, April 12, from 8 a.m. to 5:30 p.m. read more.

Atlanta 76

Atlanta Debt Airports Profitability 76

Contractor Bookkeeping

DECEMBER 20, 2013

With the optional bill tracking and bill payment services they are increasing bottom line profits by avoiding late fees and taking advantage of vendor discounts which in some cases can generate 36% Return on Investment! What is it worth to you to have a U.S.A. The Short Video Below Demonstrates Invoicing With Bill.Com.

Profitability 48

Profitability Accounting Construction Security 48

Lets Build

JULY 8, 2022

Yet working from home requires closer management, both to maintain productivity and to counter mental health issues surrounding isolation and self-reliance. Yet those costs will ultimately be passed on to clients, affecting everything from residential property asking prices to commercial rents. Facing an uncertain future.

Industrial 148

Industrial Construction Cash Flow Retail 148

Fieldwire

APRIL 18, 2022

Residential and commercial buildings produce about 40% of greenhouse gas emissions each year, and construction practices contribute to the general pollution rate. Builders that shrink their carbon footprints can increase their profits. Over time, an increase in customers and profits can help you pay off your loans.

Industrial 98

Industrial Regulation Sustainability Construction 98

Pro Builder

DECEMBER 1, 2021

As demand for water among city and suburban builders outpaces dwindling supply, some investors are buying thousands of acres of farmland in rural Southwestern regions to support residential construction projects hundreds of miles away. . Off-Site Construction. Construction. Construction.

Arizona 52

Arizona Colorado New Mexico Idaho 52

Lets Build

SEPTEMBER 30, 2022

The construction industry is on the rise in the UK, and the top construction professionals are looking for ways to grow their businesses, improve their operations, and increase their profits. Read more: Applying lean construction to residential projects. That’s the lean approach. Establish strong relationships with stakeholders.

IDEA 78

IDEA Construction Project Management Schedule 78

Green Building Law Update

APRIL 7, 2020

Savvy players in the environmental industrial complex will find business opportunities to lead and profit in environmental matters, including opportunities advantaged by these newly enacted laws. This year of a short legislative session no doubt saved many Marylanders from additional tyranny by the majority (i.e.,

Maryland 156

Maryland Commissioning Regulation Environment 156

Green Building Law Update

APRIL 7, 2020

Savvy players in the environmental industrial complex will find business opportunities to lead and profit in environmental matters, including opportunities advantaged by these newly enacted laws. This year of a short legislative session no doubt saved many Marylanders from additional tyranny by the majority (i.e.,

Maryland 156

Maryland Commissioning Regulation Environment 156

Pro Builder

AUGUST 4, 2021

Participants in the lumber supply chain have an incentive to maximize profit margins when prices are rising and to avoid absorbing losses when prices start to recede. In contrast to the dynamics of a falling-price environment, there is a much smaller lag for higher lumber prices to reach builders when market prices are increasing.

NAHB 98

NAHB Remodeling Inventory Income 98