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Type: Article
Section: Business > Business Services > Coaching & Consulting
Coaching & Consulting
What is a Reasonable Profit in Heavy Construction?
Here’s how to back out from your answer to the question ‘How much do you want to earn as net, bottom-line profit?’
April 22, 2020
Getty Images 664557176
Coaching & Consulting
How To Position Your Construction Business for Any Economy
Association of Equipment Manufacturers (AEM)
Smart business owners watch for warning signs that the business climate is changing, and make adjustments to position their companies for a changed economy
April 3, 2020
Construction Sales
Coaching & Consulting
Five Practices that Help Contractors Unlock Digital Value in Running Their Enterprises
McKinsey & Company
McKinsey & Co. observations of the efforts of engineering and construction firms clawing their way out of the analog age identifies five keys to mining tangible results
March 25, 2020
Mc Kinsey Transformation
Coaching & Consulting
Sage/Forrester Webinar: Rewrite Business with Digital Transformation
Sage North America
Reimagining how your business works, with strategies enabled by the technology, allows a business to shorten the distance between what your company wants, and what it gets
March 23, 2020
Sage Forrester
Coaching & Consulting
Maintain Your People and Equipment Like Your Profits Depend On It
GB Financial Services, LLC
Maintaining both personnel and equipment performance can be the difference between profit and loss on construction projects.
December 26, 2019
Major refurbishing work should be discussed with your dealer to determine whether it may actually be cheaper to have the work performed by qualified dealer technicians.
Coaching & Consulting
Do You Have a Blueprint for Business Success?
Construction Business Coaching
Expert consultant George Hedley offers a 12-step blueprint to build a construction business that grows, makes a profit and works for you, the owner
December 18, 2019
Best in Class companies generally follow a similar business plan or blueprint that is proven to work time after time creating a successful business.
Coaching & Consulting
How Cost Management Strategy Helps Your Bottom Line
Linesight
Independent cost management consultants implement comprehensive cost management strategies to ensure projects come in on time and on budget
December 13, 2019
Cost management strategies incorporating construction consultancies or independent cost management consultants can help mitigate loss and maximize return on investment.
Business Services
The Trifecta of Mentoring
Effective mentoring includes a motivated HR leader, a motivated mentee and a committed mentor
December 10, 2019
Mentoring I Stock 000020664619 Large
Business Services
Teaching the Basics…Again!
Reality is that training new employees is an ongoing task as new workers continue to enter the industry and your company; these six tips can help
December 9, 2019
Construction Worksite Istock Gettyimages 510309946
Business Services
Client Retention 101: 6 Steps to Keeping Good Customers
December 9, 2019
Pieces To Business Strategy Freeditigalimages
Coaching & Consulting
Get Higher Margins by Changing Business Strategy and Mindset
Construction Business Coaching
Trying to win enough volume to keep busy with low margin, high competition work will keep you poor and stop you from having enough positive cash-flow to grow your company
October 16, 2019
The average construction business owner is satisfied only making between 2% and 4% pre-tax net profit. You don't have to settle for low margins.
Business Services
Slow Payments Cost the Construction Industry $64B in 2019
When you get paid can have a huge financial impact on your company, and a 2019 report shows just how much late payments cost contractors
October 1, 2019
A company whose customers take 90 days to pay typically need six times more cash to float the project/job costs than a company whose customers paid their bills in 30 days.
Business Services
How to Avoid Challenges When Promoting Your Construction Employees
Eight best practices and strategies when promoting a worker into a position of greater authority and responsibility
October 1, 2019
As difficult as many areas of employee relations has become, it is more critical than ever to scrutinize how you are promoting individuals. Be proactive in using these eight points and you will inspire greater confidence in your new leader and their followers.
Coaching & Consulting
What Does a Waiver of Consequential Damages Really Cover?
Consequential damages reach beyond the contract and relate to those losses incidental to someone’s failure to perform
April 10, 2019
Contracts should specifically list those damages which you agree should be waived and those that should be compensable when a breach or default occurs.
Coaching & Consulting
How to Choose the Right Incentive Program for Your Construction Company
Construction Business Coaching
Your bonus and incentive compensation program can be the key to improving your bottom line or can be a drain on cash flow and employee morale
December 19, 2018
Four basic employee recognition, bonus and incentive compensation programs include thank-you awards, gifts, incentive compensation and profit sharing.
Coaching & Consulting
What is the Difference Between Change Order, Change Directive and Construction Change?
When you are dealing with changes on a project, they can be classified, treated, reviewed and compensated on a different basis
June 6, 2018
Changes
Coaching & Consulting
Get Your Workers to Excel at Ordinary Tasks Then Reap the Benefits
Getting your workers to be exceptional at ordinary things helps your construction company achieve the needed quality and safety and meet critical schedules
January 31, 2018
Success Key
Coaching & Consulting
Contractors Need to Know, Understand Construction Accounting to Make a Profit
Construction Business Coaching
Knowing and tracking your numbers must be the number one priority for construction business owners to be successful
January 24, 2018
Take two to four hours a week to review and understand your costs and how much you need to charge to make a profit.
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