Articles for Contractors
If having put cash aside and diversifying your business isn’t enough to weather a downturn and you need to look to reduce payroll, you should have a plan that ensures the company will still be able to function at a high level. In this third installment, we will explore how to evaluate your internal…
In this second installment of our series on Construction Downturn Strategies, we will explore how you, along with help from your CFO or Accountant, can make your construction business finances stronger in anticipation of a downturn in the construction industry.
We’ve compiled a summary of the most anticipated national construction industry conferences for 2020. Expand your contacts, talk shop and come back to your construction business and projects with a fresh perspective.
If you’ve been in the construction business long enough, then you understand its cyclical nature and know that every few years we experience a slow-down. When will things start slowing down? Everyone knows it will happen, it’s just a matter of WHEN. No one wants to get surprised.
It happens to every business owner eventually. You think you’ve found and hired a great candidate for a key role in your organization. You start out with high hopes that they’ll settle in quickly and start contributing to projects, their department, or the company. At first..
Owning your own construction company and outperforming your competition requires that you recruit and hire talented people. They must have technical skills for their roles and provide quality work, but are also tasked with fulfilling on your company’s mission and values. In the construction industry, your workers are the face of your..
When it comes to any business, there is always room for improvement. Therefore, the need to market a company always exists. You may want to expand your current sales channels, grow your client base, or increase your market share. Maybe your sales have fallen and you need to generate more leads and opportunities. Or maybe you’re a completely new company with no existing..
Navigating the ever-changing landscape of employee benefits, administration, costs, and risk management can be daunting to even the most seasoned professional. That is why it’s essential for construction business owners to know how to choose a benefits partner that will shop the market for the most cost-effective and..
Employees are the lifeblood of every construction company. Without loyal employees, materials do not get purchased, contractors do not get hired, and buildings do not get built. We also keep hearing that we are experiencing a shortage of skilled trade workers. However, I believe this shortage is not because there are fewer workers, but an overall increase in ..
Whether you’re evaluating the performance of your current Project Managers, or looking to hire a “Star Performer” for your construction team, how do you do it? Based on over 20 years of experience in Construction Project Management, I have found the following to be the essential skills that are common among the most successful Construction Project Managers.