When an architect proposes a payment schedule that isn’t “win-win”, it’s time to walk.
Continue reading: Architects, Payment Schedules in Construction
Help other construction business owners learn from your experience . . .
People in construction are truly a fine group of people . . .
If you are going to do a Time and Material contract, make sure there is clear contract language about the markup and labor rates, don’t leave any surprises for your customer.
If I’m a remodeler making a 44% gross profit, I’m doing great, right?
It depends.
Your gross profit means nothing if your sales will not support your overhead expense. If you are doing 1.2 million in annual sales, have three employees and make 44% G.P., yes you are probably doing great.
If you are doing $305,000 annual [...]
In our last newsletter, we asked for the names of attorneys around the US that a contractor could depend on for good service. Here was what we asked for:
Do you know of a quality attorney who specializes in construction law? We are trying to build a database of attorneys across the US and Canada for [...]
I recently read a �form letter� that a subcontractor used to tell General Contractors about the specs on any given job, how changes would be handled by way of an additional work order, and how they will be charged.
In a construction business, it pays well to watch how your employees conduct themselves around your customers. Some of the things that we accept as normal can be the very thing that sets a homeowner off and turns them from a good customer into the customer from hell.
Continue reading: Employee Behavior (or, the cons of smoking)
