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 profits?

1 – Change Orders: Turning Chaos into Cash

One of the biggest unnecessary areas for profit losses in the industry are change orders… or the lack thereof. Extra labor days and untracked material changes can easily lead to bleeding profit. Using Projul’s 30-second change order process turns project chaos into increased revenue! It tracks every adjustment—big or small—so nothing slips through the cracks. No more working for free. Every change is documented, approved, and invoiced, ensuring you’re compensated for your work. This seamless process stops profit loss and fills pockets with cash.

2 – Estimate Selections: Make choices easier, while making more money

A lot of time is wasted in back-and-forth with clients over estimates. Projul simplifies this by allowing contractors to present multiple estimate options in a clean, organized manner. Clients can easily compare options and make their selections without endless emails or calls. This not only speeds up the decision-making process, improves the client experience, but provides opportunities for driving extra revenue.

 

Projul users can easily add material upgrades and project additions, increasing the value of every sale you make. With selections, Projul pays for itself 10x over!

3 – Geofenced Time Tracking: Payroll made easy

Tired of paying out inaccurate time logs or translating paper time cards? This is where Projul’s geofenced time tracking shines. It’s like having eyes on the job site without having to be everywhere at once. Projul uses GPS technology to track when your crews clock in and out based on their physical location at the job site. You get accurate data, reducing payroll errors and keeping your labor costs in check. In the long run, that level of precision translates into significant savings.

4 – Lead Pipeline: Stop profit from slipping through the cracks

Managing leads without the proper tools can feel like a full-time job in itself. Projul simplifies this by offering a lead pipeline feature that tracks every potential project from the first inquiry to the signed contract. No more missed opportunities because of lost notes or forgotten follow-ups. Projul helps keep your sales process organized, so you never miss out on a potential job. Use Projul to close extra sales that would have otherwise been missed.

The ROI of Projul: This is how to grow your profits in construction. 

Projul offers contractors more than just a software expense —it delivers a real, measurable return on investment. In an industry where margin and overhead matter, you need tools that increase revenue, make your team more efficient, and add profit to your bottom line. 

If you’re looking for a way to streamline your operations, improve your cash flow, and keep projects running smoothly, Projul’s all-in-one construction management solution is an investment worth making. It’s built by contractors, for contractors, which means we understand exactly what you need to take your business to the next level.

Get started with a live demo and see how Projul can work for you.
Searching for how to grow your profits in construction? Look no further than Projul’s all in one construction management software!
*Doran, Kathryn. “Construction Industry Outlook 2024: 7 Key Emerging and Continuing Trends.” NASBP