Skanska profits dip on weak residential development market
Construction Dive
NOVEMBER 2, 2023
The Sweden-based firm reported a 64% decrease in operating profit year over year, but said its construction division remains profitable.
The Problem With High-Profit Jobs In The Construction Industry
Contractor Bookkeeping
APRIL 21, 2023
The most common situation is when a residential remodel contractor with a reputation and a substantial company generating 15% or more profits decides to start building custom homes. Or the opposite, a home builder who decides to branch out into residential remodeling.
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Engineering losses halve Briggs & Forrester profit
Construction Enquirer
MAY 31, 2023
Briggs & Forrester Group saw pre-tax profit halve to £1.6m Group financial director Jeremy Askew said: “It has been a particularly difficult year with high levels of inflation experienced impacting on the profitability of some fixed price contracts. after suffering a £1.6m Average headcount across the group slipped back 2.5%
Skanska profits tank on weak residential performance
Construction Dive
MAY 5, 2023
CFO Magnus Persson told Construction Dive the firm can weather the downturn, in part thanks to healthy infrastructure demand in the U.S.
McAleer & Rushe set for record year after 2022 profit fall
Construction Enquirer
JULY 30, 2023
The bounce back follows a disappointing performance in 2022 that saw pre-tax profit fall 19% to £12m from revenue flat at £404m, according to newly-published accounts. Project delays also caused year-end net cash to slip back to £45m from £59m previously.
4 Key Areas for Optimal Cash Flow Management
Construction Business Owner
APRIL 1, 2024
Now facing the dual pressures of inflation and rising interest rates, the industry must also contend with labor issues that continue to constrict profit margins.
Cash Flow 
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Seven Traits of Profitable Specialty Contractors
Fieldwire
FEBRUARY 14, 2022
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.
5 Tips to Prepare for the Next Economic Recession
Construction Business Owner
JANUARY 14, 2020
However, given the 200,000 business failures, the almost complete collapse of profitability and the immeasurable human cost—our industry was at ground zero and will be again in the next recession.
Profitability 336
336 
3 construction industry trends in 2023
Lets Build
FEBRUARY 24, 2023
The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed These challenges will likely result in even smaller profit margins in the months to come. More to read: How technology can help you maintain your profit margins at residential projects 2.
Industrial 148
148 
How the Pandemic Will Shape the Future of Off-Site Residential Construction
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
111 
Professional soundproof windows vs. DIY window soundproofing? By Randall R. Brown
Construction Today
MAY 3, 2023
General contractors that work on remodeling projects for multi-unit buildings, offices, residential and other real estate have a profitable opportunity to professionally resolve noise intrusion problems because DIY projects are proving to be insufficient.
Remodeling 88
88 
ServiceTitan partners with Profit Rhino to offer optimized price books
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.
Adopting Labor Operations Software for Contractors
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.
Software 282
282 
Simple rules and a simple number range for residential contractors (think 3 to 5%)
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
54 
Profit Rhino and Callahan Roach Join Forces
Contractor Magazine
SEPTEMBER 26, 2019
Leaders in flat-rate pricing combine three decades of experience to better serve more than 30,000 technicians in residential HVAC, plumbing, electric, pool and spa industries.
How technology can help you maintain your profit margins at residential projects
Lets Build
JANUARY 6, 2023
Setbacks like supply chain disruptions and rising energy prices are putting pressure on residential construction profit margins. And for many construction companies that operated on slim profit margins before those setbacks, even the smallest cost overruns can result in loss-making projects.
Profitability 144
144 
McAleer & Rushe set for record £425m revenue
Construction Enquirer
MAY 14, 2023
Northern Ireland-based McAleer & Rushe is heading for record revenue this year driven by three large residential jobs The firm predicted a positive year ahead after publishing results for 2022, which were adversely impacted by turmoil in the second half of last year.
Residential 62
62 
NEW WEBINAR: Adopting Labor Operations Software for Contractors
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.
Software 177
177 
Contractor Leads Profitable Vs. Not-Profitable
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.
Metnor supply chain debts hit £10m
Construction Enquirer
APRIL 26, 2023
Latest results for the company show it made a profit of £1.3m Metnor worked across the UK as a main contractor in sectors including residential, healthcare, student accommodation, hotel, leisure and commercial. during the year to December 31 2021 from a turnover of £62.6m while shareholder funds stood at £4.6m.
Debt 84
84 
Midgard drives JRL growth as revenue hits £761m
Construction Enquirer
JULY 12, 2023
Diversified construction group JRL has delivered strong revenue and profit growth at its main contracting business Midgard. Overall JRL group revenue for the year jumped 25% to £761m with pre-tax profit halved at £13m. As a result group margin dropped from 4.4%
Claritas Group went down owing £7m to supply chain
Construction Enquirer
JUNE 25, 2023
Claritas specialised in projects up to £70m across the residential, commercial and education markets. turnover generating a pre-tax profit of £455,000. “Right now, I am truly sorry if you are being affected by the Claritas Group’s failure in any way.” Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m
Cash Flow 88
88 
Report Provides Inside Look at Pandemic-Era Mentality of Small Builders
Construction Superintendent Magazine
JUNE 1, 2021
While builders in the United States have seen record increases in revenue and net profit with homeowners seeking to improve their living environments because of the COVID-19 pandemic, 2022 predictions for the residential home building industry aren’t quite as positive. of respondents globally signing more contracts than in.
Residential 52
52 
Selling a House with Solar Panels is Fraught with Peril
Green Building Law Update
AUGUST 16, 2020
That observed, many residential solar panel ‘leases’ contain language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. But because in many residential transactions, title companies do not search the UCC-1 indexes (. Some of the companies engaged in this business (.
Housing 207
207 
Supply chain owed £3.8m after collapse of London builder
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
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Willmott Dixon vows to recover building safety millions
Construction Enquirer
JUNE 21, 2023
profit the year before. Accounts for the year to 31 December 2022 show turnover up to £1.15bn from £1.1bn last time generating an operating loss of £15,000 from a £22.9m “Our own results for 2022 were impacted by further provisions we have made to address the implications of responding to the BSA. ”
Safety 82
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Getting the basics right (for residential contractors): It isn’t complicated
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
48 
Developer dumps Henry Construction from London tower job
Construction Enquirer
JUNE 2, 2023
Henry Construction Projects is understood to be struggling to progress several major schemes, including two residential tower jobs in the capital, known as Wembley Link and 225 City Road, near Old Street roundabout. A source told the Enquirer : “There are problems at Henry’s Wembley job for developer Hub. .
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Low Build-For-Rent Supply Drives Up Market Competition
Pro Builder
NOVEMBER 1, 2021
Without much available land, investors are seeking out profit among spaces where rezoning, redevelopment plans, and entitlement issues make it easier for developers to secure the land they need. For more information on profit and strategy for developers …. BFR developers can usually outbid their competitors for land. Read More. .
How High Profit Jobs Send Contractors Into Bankruptcy
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! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.
How much should you charge. or do you know the correlation between marketing and price/profitability)
Construction Marketing Ideas
SEPTEMBER 12, 2018
Michael Stone in his excellent weekly eletter/blog primarily for residential contractors makes the point that many consumers are conditioned to expecting absurdly low prices from contractors, ultimately buying into the culture “low price wins the job” Price is always an issue, regardless of where you live.
Fieldwire and Hilti: Leading construction productivity through software and hardware
Fieldwire
SEPTEMBER 6, 2023
It powers more than 1 million commercial, industrial, heavy civil and residential projects at some of the largest construction companies in the world. “We With Hilti, we have found a partner that not only shares our values but also allows us to accelerate our product roadmap for our customers while expanding in new markets.
Software 97
97 
Will Banking Sector Uncertainty Cause a Slowdown in New Construction?
Pro Builder
APRIL 18, 2023
While elevated interest rates have made construction less profitable since the final quarter of 2022, recent banking turmoil is increasing headwinds for residential developers. As lending standards tightened, construction backlog decreased to 8.7 months in March, its lowest level since August 2022, Construction Dive reports.
Banking 52
52 
Increase Your Construction Company Profits By Optimizing To 80%
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.
First Quarter Marcum Construction Index Reports Increasing Costs, Labor & Material Shortages, Rising Interest Rates
Construction Superintendent Magazine
JULY 18, 2022
The residential sector has maintained its momentum while weakness continues to characterize the nonresidential sector. The Marcum Commercial Construction Index for the first quarter of 2022 reports that the construction industry faces increasing costs and shortages of both labor and materials, as well as rising interest rates.
Materials 52
52 
General Contractor Salaries in 2022
Lets Build
MARCH 31, 2022
Further read: How a large residential contractor reduced building time 5x by moving their schedule to the cloud. That means their salary is highly dependent on running a profitable business. While business ownership is risky, it also means more profits when you do well. Business management.
Contractors 148
148 
Henry Construction crashes into administration
Construction Enquirer
JUNE 8, 2023
Insolvency experts from FRP Advisory took control of the London-based residential tower builder yesterday evening. Last year Henry reported revenue had topped £400m for the first time generating a £14m pre-tax profit, compared to just five years ago when turnover stood at £111m.
Construction 138
138 
Year-To-Date Prices for Building Materials Reached Record High Through October
Pro Builder
NOVEMBER 11, 2021
Prices for residential construction goods are on the rise. Year-to-date prices for goods used in residential construction reached a record high during the month of October, Eye on Housing reports. The prices of goods used in residential construction ex-energy climbed 0.8% Thu, 11/11/2021 - 10:11. year-to-date after climbing 4.5%
Materials 52
52 
Women at WIRC Podcast: Julie Schafer, Episode 11
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.
Converting Empty Office Buildings Into Apartments Could Benefit Thousands, but Why Isn’t It Happening?
Pro Builder
AUGUST 29, 2022
The Los Angeles real estate industry recently concluded that the conversion of vacant hotels and offices to apartments could add 72,000 living units to the area, and in midtown Manhattan alone, around 14,000 new residential units could be created, Governing reports. Why the discrepancy? Something else is at work here.
Office 52
52 
Are you succeeding? Figuring out your margins and returns
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
66 L+M's Affordable Housing is Profitable, Innovative and Helps Locals
ENR Construction
MARCH 18, 2019
ENR New York's Owner of the Year builds residential and multi-use projects.
Selling a House with Solar Panels is Not for the Faint of Heart
Green Building Law Update
MAY 21, 2017
But commonly, residential solar panel leases provide language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. It is common that residential solar panel leases provide language similar to, If you sell your home you can transfer this lease and the monthly payments.
Leases 232
232 
An important book: Michael Stone’s Markup and Profit: A Contractor’s Guide (Revisited)
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.
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