article thumbnail

Commercial Construction Trends: Three Headlines That Won’t Die In 2019

HardHatChat

The good news for subcontractors is the labor shortage means higher profitability, because they are working at-capacity and able to charge a premium for their services. But for general contractors and our clients, the result is higher project budgets and challenges in construction scheduling. Reshaping the Retail Landscape.

article thumbnail

9 Keys to Building a Reliable Commercial Construction Subcontractor Network

HardHatChat

Our project management system, Procore, allows us to classify subcontractors by category and rate their performance through internal analysis. Cost Savings By minimizing delays and disruptions, we expect our subcontractors to help control project costs. They are a fantastic resource. It’s essential to know the lay of the land.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Press Release: CCi’s Groundbreaking Integration Partnership with Procore

Cassell Construction Estimating

Using its award-winning suite of project management tools, hundreds of thousands of registered Procore users manage all types of construction projects including industrial plants, office buildings, apartment complexes, university facilities, retail centers, and more. Procore Technologies, Inc.

ProCore 100
article thumbnail

Closing the Gap Between Buyers and Builders

Pro Builder

For years, we as builders have been trained by industry consultants to think like manufacturers, create a process, and stick to it if we want to be profitable. Variances: Errors & omissions via hand-offs + incorrect plans/details + managing multiple documents. Time: Meetings + waiting + interest/carry cost + opportunity lost.

article thumbnail

Is Your Bookkeeping Service Overcharging Your Construction Company?

Contractor Bookkeeping

Most bookkeeping services are one person operators working from home with less than a dozen customers and the usual breakdown is as follows: 2-5 retail type business customers. 1 Retail which is roughly 80% of all bookkeeping and accounting and is primarily what is taught in colleges and universities. 1-2 contractors.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Alas, those days are long gone, which means we’re left to manage our fuel consumption or lose profit margins. Recently, some of my colleagues attended a seminar on fuel management by Eric Newton of Comdata. They shared these tips and tricks with me on fuel management. Purchase from bulk sites or retail locations.

article thumbnail

Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Please contact us and we can help you with it.