Improving Profits on Construction Contracts Construction firms are always looking for ways to cut costs while delivering value and improving profits. However, in a competitive market, this is no easy task. Fortunately, there are many tried and true ways for firms to improve profits that do not require too much radical change. There are a few [...]
Training is a difficult issue for employers. It is an expense and also takes away from valuable work hours. It is hard to know if the training will stick with employees or if they will immediately forget it. It is also difficult to choose the most effective course. For all these reasons, employers often think twice [...]
All businesses look for ways to improve their year-over-year earnings. For the construction industry, though, it's especially prudent to have a consistent plan in place to keep costs low at all times. The construction space is extremely vulnerable to the overall economic health of countries, states, and even individual cities; the ability to weather an unexpected [...]
Construction Estimating for Contractors Throughout the centuries both small and large contracting projects have been accomplished using the best methods available at the time; today, contractor construction estimating is being aided by sophisticated software technology designed specifically to optimize the estimating process for contractors. Streamlining the estimating process brings many benefits for contractors, including: saves [...]
The contractor estimating process is a profitable place for contractors to focus on when it comes to software upgrades. These upgrades bring tools that reduce the time it takes to formulate estimates and work to improve their accuracy. Saving time and increasing profitability are good reasons for contractors to upgrade the estimating process. Automated Tools for [...]
With the internet and the increasing number of projects that are open to bid, contractors are looking for technology to help them expedite the estimating process. They need a standardized, accurate, formulaic method to estimate the costs involved in projects. They need to understand the local labor regulations, expenses and supply costs. They also need to [...]
Creating estimates is often a necessary part of the job as a contractor or construction company, and this process can take time. If you write out a custom list for each job you could spend hours of time researching the cost of materials, figuring out labor costs, and formatting your estimate so that it looks professional. [...]
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 [...]
Cost certainty is the most important challenge of construction estimating. To make accuracy even more challenging is having multiple bids to calculate. New technologies are proving to be effective solutions, tackling these challenges and ensuring greater success for the contractors who employ them. To meet the demands of more complex and technical projects in today's building [...]
