Estimating/Production

You could be losing $60,000 or more in annual profits without even realizing it. If you're like most contractors, you're probably nodding your head that you are working too hard and keeping too little. You have most likely mastered the basics of managing your costs, but here's the shocking truth: there's a whole array of hidden costs silently destroying your bottom line. Labor [Link to Top 3 reasons your estimates are leaking profit] is the biggest profit leak we see with most of our clients, but there are many others.

As a construction business owner, you know change orders are inevitable. But here's the game-changing truth: with the right strategy, the change order process does not have to be a nightmare. Set the Stage for Success (Before You Even Pick Up a Hammer) Your change order success story begins long before the first nail is driven. Here's how to lay the groundwork: Introduce change orders early: By covering your different processes during the sales meeting, you demonstrate professionalism. Make it official: Include a detailed change order section in your contract covering communication, approvals, and consequences.

Accurate estimates can make or break a GC's success. Simply factoring in your employees' hourly wages and projected work hours won't cut it. This leads to underpriced projects and profit leaks. For a healthy bottom line,you need to calculate the fully accounted labor rate of your employees.

The PSA is an agreement signed between the contractor and client before the project is bid and acts as a bridge between the initial planning and bidding phase. It provides clarity and peace of mind, eliminating the mystery and uncertainty that can often plague construction. The PSA allows you to build a blueprint for your project, outlining every aspect, from design specifications and materials to budgets and timelines. The PSA is a tool that allows you the time to build a roadmap to ensure everyone involved is on the same page, from the contractor and subcontractors to the client and architect, if necessary.

These are all questions we hear at the Aspire Institute for Contractors. For most Residential General Contractor companies, we speak to or work with

One of the lesser-known ways to increase your profits is by nailing your job mix – proactively choosing a mix of ideal custom-home and remodeling...