A construction submittal is a form of written or physical information sent to architects, engineers, or general contractors for approval of specific materials, equipment, drawings, or data in construction. These submittals set the expectations for… Read More »What is a construction submittal and how to utilize them for project success
Construction work in progress (WIP) is a necessary accounting strategy used over long-term projects. But it’s so much more than getting paid for a project. Creditors and banks use WIP reports to understand a contractor’s… Read More »Construction work in progress: Everything you need to know about WIP
A great proposal is crucial to win business, especially for growing contracting businesses. By using a generic or unoptimized proposal for your bids, you could be leaving potential profit on the table. Learning how to… Read More »How to write a construction proposal
What’s your current average profit margin on a job? What would you like your average profit margin to be in the future? What kinds of jobs tend to have the best margin for you? Far… Read More »Construction profit margin: 5 ways to improve profitability and grow your margin
Across the board, construction and contracting businesses are feeling the impacts of global supply chain disruptions and labor shortages firsthand. According to an early 2022 news release published by Associated Builders and Contractors, “overall construction… Read More »Building a construction budget – Improve cost control in your construction projects