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Connecting with Design Professionals

Connecting with Design Professionals

Connecting with Design Professionals Builders often are able to develop relationships with design professionals that bring them one job after another over the course of many years. These jobs can be financially rewarding. It is true that there is a built-in tension between a builder’s profit margin and the designer’s desire to have all of the details and features he includes in his designs actually built. Many builders complain that design professionals are squeezing their profit margin too tightly. But at the same time, though it is rarely noted, there is a significant financial benefit from having a design firm pump a steady stream of projects into your pipeline. They are minimizing your...

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Best Practices

Build Quality Jobs

Build Quality Jobs

Build Quality Jobs  Many contractors believe that building quality helps them sell more jobs and make more money. How do you define quality? Who sets the standard? To my knowledge, the only quality standard for construction is the NAHB Residential Construction Performance Guidelines manual. It is...

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Construction Management

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Tech Corner

Quick Tips On Implementing New Technology

Quick Tips On Implementing New Technology

There are so many quick tips on Implementing new technology. New technologies can be great for your company. It can increase productivity, increase sales, and make your company better all around. Unfortunately there is also much baggage associated with the adoption of new technology. Many of us...

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Building Your Business

Firing Employees

Firing Employees

Firing Employees Letting go of someone can be a painful task, even when the person is a new employee still in his trial period, and the process is relatively simple. You have a brief, evaluative conference with the employee and ask for change. If you do not get it, you terminate employment quickly...

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Gross Profit in Construction

Gross Profit in Construction

Gross Profit in Construction Gross profit is calculated by subtracting your job costs from your revenue or sales price. It is what you use to pay your overhead expenses and your profit. It is a dollar amount, and gross margin is simply gross profit, expressed as a percent. If your business has...

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Fraud and Embezzlement

Fraud and Embezzlement

Fraud and Embezzlement Many contractors have problems with fraud and embezzlement. This includes employees stealing materials off jobs, job supervisors inflating material orders on jobs and taking the excess home, job supers approving an inflated invoice and splitting the overage with...

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Collecting Payments From Clients

Collecting Payments From Clients

Collecting Payments From Clients It’s not unusual for contractors to have problems getting clients to make payments on time, or to make full payment as outlined in the agreement.  Here's Some Advice. When you present the contract to your potential client, be sure to verbally review the entire...

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