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While Industry Profits are Down, How Can You Grow Your Profits?

While Industry Profits are Down, How Can You Grow Your Profits?

Construction profits are facing downward pressure due to economic factors such as high interest rates and inflation. Higher financing costs, material price volatility, and ongoing labor shortages are making it difficult for contractors to maintain profitability. For example, Moody's Analytics* projects a 4.2% decline in corporate profits for 2024 industry-wide. Projul provides a solution to help construction companies stay profitable, and even increase profit in challenging economic times. Projul helps contractors improve efficiency and capture all potential revenue, which can directly impact profitability. Here are 4 ways Projul can increase profits for contractors: How can you grow your...

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Best Practices

6 Important Steps when Terminating a Subcontractor

6 Important Steps when Terminating a Subcontractor

6 Important Steps when Terminating a Subcontractor - Like most general contractors we place a great deal of effort searching and vetting subcontractors. Unlike many other professions, the process of finding great contractors is far from straight-forward and difficult to gauge if they will be a...

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8 Best Construction Management Softwares For 2024

8 Best Construction Management Softwares For 2024

Just like every building needs a strong foundation, every construction company should be built on the solid foundation of construction management software. For years, options have been limited and the construction industry has been the #2 underserved industry in technology (behind only hunting...

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Best way to get construction leads

Best way to get construction leads

What is the best way to get construction leads? Many construction companies do amazing work and can grow their business to a certain level with word-of-mouth referrals and minimal outbound sales or marketing efforts. Without these efforts, most companies hit a wall and need to ask, “How can I get...

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4 Ways to Increase Cash Flow in Construction

4 Ways to Increase Cash Flow in Construction

Cash flow in construction is… well, probably the most important aspect of a construction company. It is also one of the most challenging things to handle in the day-to-day operations of a business. In this article, we will explore the challenges construction companies face, as well as provide 4...

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Should I Use QuickBooks For Construction?

Should I Use QuickBooks For Construction?

It's no secret that QuickBooks is the main player in accounting software, but should you use QuickBooks for construction? Can you reasonably run your business operations out of a system that is set up for bookkeeping and accounting purposes? This article will explore the features QuickBooks...

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