Expert Columns: Page 112

Slabs-On-Ground: Slab Thickness and Base Tolerances

KB Engineering LLC

Slab thickness is the greatest single factor controlling the load-carry capacity of a slab-on-ground.

Bases for slabs-on-ground must be smooth, hard and compacted.

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Strengthen Your Construction Company's Strengths to Gain Competitive Advantage

The Contractor's Business Coach

Figure out your business's strengths, systematize them and then press that competitive advantage into the marketplace

A common mistake made by most people and by most companies competitively is to focus all of their improvement efforts on strengthening their weaknesses. Really smart individuals and companies realize that focusing on their strengths is a much wiser course of action.

How Passing Along Costs Savings to Customers Can Harm Construction Contractors' Bottom Lines

Construction Business Coaching

Always passing along the entire costs savings from material prices or subcontractor bids can actually hurt a contractor's bottom line

Think about how you price work and sell your services. Bidding with the cheapest price you buy materials for is not always the best way to approach your customers. Want to make more money? Decide how you will estimate your jobs based on what your customer is buying.

Don’t Sell Yourself, or Your Construction Business, Short

GB Financial Services, LLC

When the time comes to move on, make sure you get the value you deserve from your construction business.

Why Construction Work-In-Progress Reports are Essential for Profitability

The Contractor's Business Coach

Accurate WIP reports tell you if jobs are over- or under-billed and cash positive or negative, and warn when you’re headed over budget. Here's how to do it right

Stock Predictive Analytics

The Right Way to be the Lowest Bidder on Construction Projects

Construction Business Coaching

An original bid proposal should be for the bare minimum required by the bid documents to keep pricing lower and help get that first important meeting

Keep your original bid to the bare minimum to help get that first meeting. At the meeting, discuss every option to upgrade the project, improve the quality of materials, add-on additional items, or present prices for things required to fill the gaps and complete the work.

Innocent Until Proven Guilty: Unless You’re a Contractor

American Society of Concrete Contractors (ASCC)

3 Problems with Using Incentives to Motivate Construction Employees

The Contractor's Business Coach

Bribing employees with money to motivate specific behaviors can be a dangerous path for construction contractors

Perhaps the biggest problem with using money to motivate desired behavior is that it leads to employees paying a lot of attention to a specific task or goal and does so to the harm of other duties and objectives.

Vary Construction Mark-up Per Job to Maximize Profit Potential

Construction Business Coaching

A variable mark-up system is the best solution to maximize a construction contractor's bottom-line because small jobs require just as much time and overhead as a bigger job

Smart profitable business owners understand the power of marking up the entire cost of doing work on a project including overhead first. Mark-up your overhead costs first to boost your bottom-line.

Growing Rental Fleet Size Makes Life Easier for Construction Contractors

GB Financial Services, LLC

As rental fleet size expands, so do the opportunities for construction firms to benefit from renting equipment.

Both equipment dealers and rental companies are expanding their rental fleets. This means more equipment at your disposal when needed.

How to Interview Potential Employees to See if They Fit the Job

The Contractor's Business Coach

How to get a potential job candidate to show you if they are a good fit for a construction position before you lay all your cards on the table

Interviewing for fit is a bit of a learned skill. It requires you to get the interviewee talking openly in a very relaxed manner. You need to ask very open ended questions. You need to share minimal information about the job and your company prior to getting to know the person.

Make Use of Construction Equipment Trends to Maximize Profit

GB Financial Services, LLC

With construction business getting better, rental offers opportunities to add equipment while letting someone else take the risks.

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