It’s estimated that 70% of construction projects come in late and over budget which can be frustrating for investors. Construction managers can look to these four areas as the mostly likely to cause budget issues. Weather Inclement weather can have a big impact on building schedules, causing delays for both contractors and trades. Rain, snow …
The 2019 Home Innovation Research Labs builder survey found that construction pros still favor fiberglass insulation over other options. In fact, fiberglass batt insulation takes just over half of the market for single family homes while blown fiberglass is gaining traction at 19%. Of the 1,600 builders participating in the study, 71% used fiberglass in …
Selling a home doesn’t entail listing it with an estate agent and sitting back and waiting for the offers to roll in. It can be a lengthy and expensive process that could be unnecessarily costly if not done right. Whether you are selling your own home or an investment property, there are a couple of …
When signing onto a contract as a subcontractor, you may not want to consult a lawyer every time you take on a new job. Here are some things to look out for that may cause issues down the line or make you liable for mistakes and callbacks. If your Request for Proposal (RFP) states that …
A recent survey showed that 55% of construction workers want more safety training. With labor shortages, taking time out for training can delay projects even more. 39% of people surveyed said they were more concerned for safety on the jobsite than they were last year. Not properly training staff can result in injuries on the …
Construction labor shortages mean every minute counts on the jobsite. If you spend too much of your time tracking down tools, you can streamline your business and reduce lost assets by implementing a tool-tracking system. Bar-coded tracking systems These systems allow you to tag your tools with barcode stickers. This means even smaller tools can …
Providing quotes and estimates for clients is one of the most difficult construction jobs. Quote too much and you may price yourself out of the running, but quote too little and both you and your client will be unhappy.
Despite the labor shortage, times are pretty good for construction firms. There is business aplenty and you may be wanting to take on more employees to increase the number of projects you can complete this fiscal year. Growing is good, but growing too fast can be disastrous. One of the symptoms to look out for …
A recent study by Unity Marketing found that most businesses focus on acquiring new customers when they could be more profitable if they focused on their existing customers instead. The study found that a 5% improvement in customer retention could boost profitability by 25-85%. Having loyal, satisfied customers is what bolsters your bottom line. So …
Getting the job done quickly and efficiently means you can complete your punch list and move on to the next job. Delays can really eat into your profit margins and leave your customers feeling frustrated and unsatisfied. Here are a couple of tips on how you can move through the punch list faster. Invest in …
