Change is coming, and no builder should be caught off guard. The Fed has announced a series of interest rate hikes over the next 18 months. Here are five strategies your Construction or Trade Company can utilize to prepare for these effects.
When a construction or trade Company operates as a small, volume over profit firm, its basic management systems, processes, procedures, and controls are costing the company money. Lack of adequate staff, trades, and suppliers puts you on a treadmill fighting fires due to mistakes and miscommunication with everyone involved, including your prospects.
The construction industry has undergone significant change, and technology has radically altered the notion of how to increase project quality, productivity, and profit. Construction software technology has aided general contractors and trade contractors in providing essential services and completing projects. Mechanical contractors are no exception.
Mechanical contractor software has assisted in completing tasks more quickly and effectively in areas like estimates, time tracking, project management, change order management, accounting, and other essential operations.
Here are five reasons why you need to consider mechanical contractor software for your Construction or Trade Company:
Building materials and equipment, ranging from lumber to heavy machinery, frequently vanish from construction sites. The loss adds up quickly for builders and developers, whether from a tradesman who thought a tool was theirs or thieves loading trucks with materials. Unfortunately, that loss gets compounded as new materials are required, and tradespeople get rescheduled.
Negotiating – is it something you throw yourself into with gusto at every opportunity, or something you tend to avoid at all costs? Wherever you fall on that spectrum, it is likely that a new paradigm related to the three myths noted below will help you elevate your negotiation skills.
The successful completion of a build is achieved through effective construction project management and documentation. Every contractor must deliver a quality project within budget and on time while keeping your subcontractors happy.
To optimize project management practices for your construction or trade company, here’s what you need to do:
Are you planning to grow your construction company’s headcount in 2022? This could be a challenging task if not tackled in a consistent way and built around your hiring and retention plan. A survey by Associated General Contractors of America found that 88% of construction companies are experiencing project delays and 61% of respondents said they have experienced worker shortages.