5 Reasons a Paperless Accounts Payable System is Good for Your Construction Business

By |2018-12-06T18:42:52+00:00January 16th, 2018|Categories: Business Tips, Construction Accounting, Construction Business Tips, Construction Technology, Construction Trends|Tags: , , , |

The overall financial outlook for construction in 2018 is consistent and stable. Commercial construction is expected to see a 12.4 percent increase in starts, while residential projects will see growth at six to nine percent. While the industry, in general, has seen a resurgence since the recession, individual companies are facing challenges to profitability. Analysts identify poor [...]

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Three Ways to Improve Construction Profits Through Customer Relations

By |2018-12-06T18:43:58+00:00December 20th, 2017|Categories: Construction Business Tips, Sales and Marketing Tips|Tags: , , , , |

There are a lot of ways to improve the cost efficiency of a construction project ranging from strategic team building to advanced software management. However, when looking at increasing each project's profitability, it's important to remember that how you deal with your clients can also significantly influence not only how much you get paid, but also [...]

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Keeping Up with the Flood: 4 Estimating Tips for Busy Contractors

By |2018-12-06T18:43:59+00:00December 6th, 2017|Categories: Business Tips, Construction Business Tips|Tags: , , , |

When you're so busy you can't see straight, but you need to get a lot of estimates done in a short time, you know it's easy to miss something and end up in trouble. Here are a couple of tips that can help get you closer to the right number every time: Bottom-up Estimating When an extremely [...]

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Prepare to File 2017 Tax Returns Now

By |2018-12-06T18:44:01+00:00October 30th, 2017|Categories: Business Tips, Construction Accounting, Construction Business Tips|Tags: , , , |

It's never too soon to start preparing to file your federal income taxes. The IRS will begin processing tax returns for 2017 on January 22, 2018. Tax season is a busy time but it doesn't have to be a headache if you start organizing now. Doublecheck your company files. You need to supply your accountant with a [...]

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Are Gamers The Solution To Construction’s Labor Shortage?

By |2018-12-06T18:44:01+00:00October 17th, 2017|Categories: Construction Business Tips, Construction Technology|Tags: , , , , |

Think of a construction worker and images of brawny, bare-knuckled laborers come to mind. Imagine a gamer and the mind's eye pictures an unkempt, be-spectacled anti-social. Both stereotypes are old, old news. In today's digital age, hiring gamers may very well be the solution to the labor shortage the construction industry is experiencing. And the good [...]

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Five Reasons You Must Abandon Old School Paper Time Cards

By |2018-12-06T18:44:02+00:00October 9th, 2017|Categories: Business Tips, Construction Business Tips|Tags: , , , , , |

Why fix what's not broken? If this is your reason for not automating payroll and time tracking, you are not alone. In fact, only 20 percent of small businesses will invest in tools aimed at increasing employee productivity this year, according to one small business survey. Why did that 20 percent take the leap? Automated time [...]

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Four Reasons Why Controlling Labor Costs on a Daily Basis is Important

By |2018-12-06T18:44:05+00:00September 18th, 2017|Categories: Business Tips, Construction Accounting, Construction Business Tips|Tags: , , , , |

Are labor costs helping or hurting your bottom line? How much time are crews wasting each day? Consider this. If you have a 20-person crew and each employee wastes just three minutes per hour, that's eight hours of wasted time by the end of the day. That's the equivalent of one employee's full day's work. Even [...]

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When is it Time to Raise Prices?

By |2018-12-06T18:33:54+00:00June 6th, 2017|Categories: Construction Business Tips|Tags: , , , , |

How do you know when it is time to raise prices for your construction services? This is an important question that many contractors need to ask themselves at one point or another. It is also a difficult one. As Entrepreneur puts it, "One of the hardest things you will ever do in business is raise your [...]

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