Calculating the cost for trades is easy enough, but when you are billing for your own team, things can get a little complicated. Knowing exactly what your in-house labor costs you for every job can help you to maximize your profit margins, improve scheduling and take the customer experience to a whole new level.
Knowing what to look out for will help you to pass your building inspection with flying colors. Failing an inspection can be costly and time consuming and can eat into already tight profit margins. Here are some of the most common reasons building fall short of code expectations.
Failing a building inspection is a frustrating and costly experience for most contractors. You may have to go back and make adjustments or redo some aspects of the build and your scheduling will be compromised. You take longer to do the job and have to pay for the adjustments and that eats into your profit margins. Knowing the most common code violations and how to avoid them can save you time and money.
Safety is the most important thing on every jobsite. It may take a little more time and cost more money to keep your jobsite safe, but it is worth the investment. Your workers are your most valuable asset and you must protect them no matter the cost. OSHA has comprehensive guides for every aspect of the construction industry.
Remodeling does not come cheap, but when you look at remodeling as an investment, it does take the sting out of all those home improvement costs. As a construction professional, you advise your potential customers on which renovations will add value to their home, but here are some ideas that may actually reduce the value of their homes.
Inaccurate quotes cause headaches for you and for your clients. The ability to create accurate quotes is essential to providing good service. While past experience will help you to avoid common mistakes, it’s important to remember that no two jobs are the same. This means you must create custom estimates for each new client. Here are some tips to help you streamline and develop your process.