Michael Stone on October 27th, 2005

A short note to all of you who do electrical work on your jobs.
If you are not a licensed electrician and do not have a permit to do electrical work on a job, you are putting yourselves and your company at risk of a huge lawsuit.
Many home or building owners insurance policies have language that [...]

Continue reading: Electrical Work

Michael Stone on October 25th, 2005

A Construction Coaching success story.

Continue reading: Coaching Success Story

Michael Stone on October 20th, 2005

A contractor dealing with a Time and Material Contract is hearing constant complaints about his price. Forget Time and Material – give a firm fixed price quote upfront.

Continue reading: Time and Material Contracts – Price Too High

Michael Stone on October 18th, 2005

If you are a general, and you want good subs, treat them well.

Continue reading: Specialty Contractors, General Contractors – Getting Paid

Michael Stone on October 17th, 2005

Many contractors are coming to the end of their busy season and haven�t been as successful financially as they expected.

Continue reading: Business Coaching for Contractors

Michael Stone on October 14th, 2005

What do you do when a progress payment from your customer is late? Specify clear payment schedules in your contract.

Continue reading: Progress Payments

Michael Stone on October 7th, 2005

If you have discovered the value of design agreements when working with clients, be sure to put a time limit on the agreement.
With the price increases we are seing, it’s important to keep the sales process moving right along. If it drags out and your final quote to your client is higher than they expect [...]

Continue reading: Design Agreements

Michael Stone on October 4th, 2005

There is no standard markup for overhead and profit in construction.

Continue reading: Construction Industry Standard and Right to Remedy