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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...
Best Practices
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Construction Management
5 Steps to Create Estimates Faster
Faster Estimates: 5 Steps to Quick and Accurate Project Quoting In the...
Free Estimate Templates
Contractor Estimate vs. Quote vs. Proposal: What’s the difference?
In the construction industry, clear communication and precise cost management are essential for the success of any project. Understanding the differences between a contractor estimate vs. quote vs proposal can help ensure that projects run smoothly and stay within budget. These terms are often...
Building Your Business
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