Everyone knows that profit margins are about increasing revenue and decreasing costs. But the reality is that being a construction contractor means operating in an extremely competitive field. As a contractor, you may not always have the resources—financial or otherwise—to compete with the best bids. Your profit margins may need to be thin, which is …
Avoid underbilling in construction by addressing these common pitfalls. Underbilling in construction happens for a few common reasons, which can be avoided with the right data.
When employees buddy punch, you can’t rely on the accuracy of your employee data. Here’s how to prevent buddy punching and reduce labor costs.
When a construction project goes long, you incur additional labor costs, equipment rental fees, and opportunity costs. You have to turn down jobs that might have been more profitable—and you have to deal with unhappy customers. In construction, time management is everything. So why does it seem that time management in construction projects goes wrong …
Productivity tracking shouldn’t feel like a waste of time. If you’re spending more time tracking your productivity than actually being productive, you need to reevaluate your processes. Here, we’re going to look at a few important construction productivity tracking tips and tricks. You’ll learn how to better monitor your workforce, how to use mobile devices …
According to the International Journal of Innovation, Management, and Technology, nine out of ten construction projects go over budget—and the average construction project costs 28% more than estimated. Project overruns can cut into your profit, and clients aren’t too happy about them either. What’s the solution? By better controlling your labor and supply costs (and …
Company Background At Earned Run, Kelly Adreani oversees 32 full-time employees who serve clients in Illinois, Michigan, and Florida. Earned Run manages maintenance work for their clients, from landscaping to snow removal, along with any safety issues. Kelly’s in-house team also turns units, prepping vacated units for new clients. The Problem Before Workyard, Earned Run …
Well, it’s official. TSheets is now formally part of Intuit and has been named QuickBooks Time. Only time will tell (no pun intended) what that will mean for the 16-year-old business originally started by Matt Rissell and Brandon Zehm in Eagle, Idaho. What we do know is that when small brands are gobbled up by bigger ones transitions can …
Construction companies are looking for ways to go from the feeling of ‘I THINK I’m making money on my projects’ to ‘I KNOW I’m making money.’ But thousands of owners have told us this is often a cumbersome process that leaves them feeling frustrated and they eventually give up. After countless interviews with construction company …
