Pro Builder

JANUARY 31, 2023

The next-best average net profit of 11.41 million homes at the start of the 2020 decade. 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).

Inventory 98

Inventory Housing Profitability Cash Flow 98

Levelset

JULY 15, 2022

If you’re looking to start an electrical business, it’s the perfect time to flip the switch. Moving from working as an electrician to starting your own business may feel a bit shocking, but it doesn’t have to be. Get off to a good start with registration, licensing, & insurance. Set goals for your business.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Autodesk Construction Cloud

SEPTEMBER 15, 2021

And even then, if your data isn’t good, it doesn’t help you make real world decisions, especially at the field supervision or project manager levels. One of the best steps you can take to dramatically improve your effectiveness in managing projects is to create a formal data strategy. DOWNLOAD DATA STRATEGY CHECKLIST.

Construction 52

Construction Organization Management Environment 52

Autodesk Construction Cloud

SEPTEMBER 2, 2022

There’s a stat that gets floated around that about 95% of the data generated in construction goes unused , but that number can be misleading. If the information makes your team’s decision-making faster and easier, that’s a good sign it’s the right data. Information that could be informing the larger company strategy.

Profitability 98

Profitability Florida Georgia Organization 98

Levelset

JULY 22, 2022

If you’re looking to start a roofing business, it’s the perfect time to flip the switch. Moving from working as a roofing contractor to starting your own business may feel a bit dizzying, but it doesn’t have to be. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. .

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

JULY 19, 2022

If you’re looking to start a painting business, it’s time to get rolling — or brushing, or spraying. It’s an excellent time to consider starting a painting company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for painters. Set goals for your business.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Autodesk Construction Cloud

FEBRUARY 1, 2022

Everything you need to know about construction quality and how to manage it. Construction is no different, and the secret to achieving the highest level of quality for any job starts with having standards. We’ll take a deep dive into all the ways you can ensure your next construction project excels in quality.

Management 97

Management Construction Risk Documentation 97

Levelset

JUNE 21, 2022

Growth opportunities exist now and on the horizon, and it’s up to you to structure your business to capture them. Taking the time to evaluate and position your business now can help set you up for success for years to come. So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership.

Cash Flow 52

Cash Flow Contractors Accounting Profitability 52

Lets Build

SEPTEMBER 24, 2020

A number of teams and stakeholders are coming together to complete their tasks according to the agreed plan. It doesn’t take much, then, to realise that reducing problems and delays during execution should be the primary point of focus for keeping the budget of your projects under control. Construction projects are always complex.

Budgeting 139

Budgeting Budget Site Project Management 139

Autodesk Construction Cloud

MARCH 1, 2022

Read on for 10 key ways you can improve construction safety, and set your team and future projects up for a safer, better end result. 10 Winning Strategies to Enhance Construction Safety. Build Safety into Your Culture. Invest in Your Staff. Equip Your Staff with the Right Gear. Invest in Your Staff.

Safety 98

Safety Construction Inspections Software 98

Autodesk Construction Cloud

FEBRUARY 7, 2022

To generate profits in an industry known for razor-thin margins, firms need to maintain control over cost and schedule at every phase of construction. And the more you deviate from your plans, the more your bottom line hurts (usually). Construction projects benefit from maximizing efficiency. And is it really that simple?

Software 95

Software Software Construction Bidding 95

Construction Marketing Ideas

JANUARY 17, 2015

What should you measure with your construction marketing? Your goal: Attract new and profitable clients to sustain and grow your business. Your solution: Some numbers to tell you what you need to do, and what you have achieved. Your marketing budget — based on objectives or past results (or both).

Profitability 48

Profitability Construction Budgeting Budget 48

Pro Builder

JANUARY 6, 2021

After receiving two more email responses with great input, I finally admitted I had too much feedback to sort through to get the follow-up column finalized by morning—and who knows what I might receive once the original column was published? Less Waste, More Profit in 10 (Not So Easy) Steps. What’s a columnist to do?! of course.

Profitability 98

Profitability Products Banking US 98

Construction Business Owner

APRIL 26, 2012

STRATEGY |. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. MANAGEMENT |.

Change Orders 120

Change Orders Construction Profitability Software 120

Autodesk Construction Cloud

DECEMBER 31, 2021

The magic of data doesn’t lie in one number or individual stat; it’s about what you can do with a larger set of information. Under this framework, you start with a data point. An example of a data point might be the number of overhead mechanical racks installed on the job that day, or logging the root cause of a safety incident.

Risk 52

Risk Management Construction Autodesk 52

Construction Business Owner

JANUARY 5, 2012

STRATEGY |. As we begin the New Year, many of us are also starting new resolutions – lose weight, exercise more, spend more time doing a hobby, etc. I know I’ve noticed a lot more people at the gym in the last few days. Know your cost to complete and keep track of how far along in a project you actually are.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 22, 2012

STRATEGY |. Lessons in Construction Leadership » Marketing Your Construction Business. This week, I thought I’d take a break from discussing the usual construction business management topics, and focus on marketing your business. After all, without some type of marketing, people and other companies won’t know about you!

Construction 120

Construction Software Software Accounting 120

Viewpoint Construction Technology

FEBRUARY 28, 2019

Contractors have improved safety measures dramatically in recent years and the overall number of safety incidents in construction has ticked down slightly over the past few years. Technology is transforming the way contractors operate, boosting productivity and profitability and promoting innovation. Want to know more?

Industrial 135

Industrial Retail Construction Safety 135

Autodesk Construction Cloud

OCTOBER 21, 2022

Construction bids are critical to winning more work, so it pays to have a solid understanding of what they entail and what you can do to improve your bidding performance. . In this comprehensive guide, we’ll cover everything you need to know about construction bids. Further Your Reading with our Collection of eBooks.

Bidding 52

Bidding Construction Contractors Contract 52

Viewpoint Construction Technology

OCTOBER 18, 2018

Moving to one vendor master, one general ledger master – just by default the structure of the software allowed us to break down siloes and started the people talking. The strongest companies are the ones that have a strong data strategy,” Blanco said. We literally had nine libraries with distinct information in them in our old system.

Viewpoint 167

Viewpoint Innovation Electrical Mobility 167

Construction Marketing Ideas

AUGUST 9, 2015

There aren’t universal answers to this question: Which general marketing methods in this list have resulted in profitable business for your organization. The only guideline is they have been profitable for you in the last year. Pushy, assertive in-your-face selling efforts will likely be rebuffed.

Profitability 48

Profitability Organization Guidelines Resource 48

Pro Builder

FEBRUARY 4, 2021

Home Building by the Numbers. The Shinn Group’s long-running Fin-Op analysis, backed by decades of data, offers builders a road map to profitability and a benchmark of performance. Predicting Profit: How to Know Your Margin Before You Close. Predicting Profit: How to Know Your Margin Before You Close.

Profitability 52

Profitability Finance Housing Compensation 52

Construction Marketing Ideas

OCTOBER 8, 2015

Here is the most important question you should ask whenever you think about architectural, engineering and construction marketing: How much easier will it be for you to develop new business at prices/volume that are profitable? More leads, more willingness to pay your “top price”, more profitability.

Profitability 48

Profitability Construction Contractors Income 48

Pro Builder

DECEMBER 12, 2021

Are You Getting a Good Deal on Your Purchasing? Roll Up Your Sleeves and Get Serious About Cycle Time. How to: Management Tips to Keep Your Team Together. the formula spits out the answer: “Based on your inputs, this superintendent can effectively manage 16 units-in-process.” You know the answer.

Project Management 52

Project Management Management Schedule Site 52

Construction Business Owner

OCTOBER 26, 2011

STRATEGY |. You probably remember the telephone game from when you were in school – the one where you start with a sentence and whisper it to a friend, who whispers it to another, and so on. I know a lot of contractors are getting into bidding season, and this got me thinking about communication. MANAGEMENT |. ACCOUNTING |.

Construction 159

Construction Software Software Bidding 159

Autodesk Construction Cloud

SEPTEMBER 22, 2021

If your construction firm is data-rich but insight-poor, know that there are a number of actions you can take to effectively leverage all the information you have. This directly impacts your team’s ability to make decisions confidently with data in the future. But don’t worry, there’s hope.

Construction 52

Construction Autodesk Visualization Organization 52

The Korte Company

SEPTEMBER 6, 2018

Naturally, owners want to know how much they’ll need to invest if it’s time to build. Consider this word of caution: Online calculators that give you a round number based on your planned square footage won’t cut it. It starts with the equipment responsible for generating cold air. Powerful ammonia HVAC systems.

Construction 69

Construction Illinois Concrete Electrical 69

Autodesk Construction Cloud

DECEMBER 3, 2021

How Proper Planning Can Help Keep Your Project on Budget. To know how to address cost overruns in construction projects, it’s important to understand the root of the problem. Estimating the project accurately can even be started in the RFP process. Inaccurate Project Estimates.

Budgeting 52

Budgeting Budget Construction Software 52

Contractor Bookkeeping

MARCH 16, 2013

Do any of these things apply to your situation? You started your construction company within the past five years. You need to know which jobs are most profitable and how to get more of them. You have been in your construction company more than five years.

Contractors 48

Contractors Cash Flow Profitability Remodeling 48

Contractor Bookkeeping

MARCH 16, 2013

Do any of these things apply to your situation? You started your construction company within the past five years. You need to know which jobs are most profitable and how to get more of them. You have been in your construction company more than five years.

Contractors 48

Contractors Cash Flow Profitability Remodeling 48

Contractor Bookkeeping

AUGUST 25, 2014

In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the micro local economy can plan ahead and earn a normal profit after paying the owners a reasonable salary. When you know the answers, the questions will not bother you!

Contractors 48

Contractors Accounting Hawaii Profitability 48

Pro Builder

APRIL 5, 2021

You don’t have to be a musician to know that a passage played “allegro,” for example, is played at a faster clip than one played “andante.”. Google search “best-selling pop singles” and start humming along. Of course, by definition, both players make the same number of total moves in a game, except when the player who goes first wins.

Resource 93

Resource Management Consulting Detroit 93

Pro Builder

MAY 29, 2020

Home builders that survived the Great Recession offer strategies for recovering from the coronavirus' impact on the industry and economy. Many builders reported that last December was unusually busy, the best in years for housing starts and contracts. 1] Mind Your Cash. Is it profitable? Mike Beirne, Senior Editor.

Cash Flow 91

Cash Flow Debt Housing Consulting 91

Pro Builder

JANUARY 3, 2022

I think that if we want to make adjustments, it’s probably in the areas of the business model and the go-to-market strategy. 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.

Inventory 98

Inventory US Site Products 98

Levelset

SEPTEMBER 28, 2022

Our list of the best construction podcasts of 2022 will help you find shows to help you grow your knowledge, career, and business. Starting a career in construction is a lot like a construction project. Eddie and Tyler Campbell are brothers who started working with their dad in the construction industry during their teenage years.

Construction 52

Construction Schedule Safety Industrial 52

Autodesk Construction Cloud

JUNE 26, 2023

While productivity has never been so high, profits and margins are still very low for most businesses. Most of my work involves meeting with executives from AEC firms to help them with their corporate strategy. It has been easy to observe that they already have a digital transformation strategy, plan, and roadmap.

Construction 52

Construction Innovation Modeling Sustainability 52

Autodesk Construction Cloud

JANUARY 31, 2022

“Looking forward, as the economy continues to recover, we’ll start to see a much more balance restored in the construction sector. I think we’re going to start to see a shift back to the more inpatient side, as well as multifamily, given the challenges facing the single family market with higher prices and shortages. .

Construction 97

Construction Autodesk BIM Modeling 97