Lines of credit (LOC) are crucial to a subcontractor’s financial health. With possible higher limits and lower interest, they can help subs protect their cash flow as they weather long, uncertain payment cycles. However, LOCs… Read More »How to use your line of credit more effectively as a subcontractor
Being a contractor is not for the faint of heart. It’s natural to look at business challenges and blame the usual suspects: a terrible labor market and all-too-common supply issues. But there is one overlooked… Read More »5 signs your team has an accountability problem – and the simple hack to fix it
The legendary Jack Welch, former CEO of General Electric, once said– “change before you have to.” Nowhere does this quote hold more weight than in the construction industry, as the last few decades have seen… Read More »A construction software buyers guide: Tools & resources for contractors
Every specialty trade faces seasonality in their business at one time or another. Learning how to deal with it effectively can be the difference between a successful business and an unsuccessful one. While the traditional… Read More »Managing seasonality: 6 strategies for growing your business year round
While the submittal process is a familiar one for contractors, familiarity doesn’t make it any easier to manage potentially thousands of items; it can quickly become a time-consuming procedure that no contractor looks forward to.… Read More »Submittal package: Best practices & steps to get started
A finished project, no matter how big or small, stands testament to the hard work, dedication, and grit that contractors put into their craft. But when the final punch list items are taken care of,… Read More »Certificate of final completion for construction: Free template
Although progress billing is commonplace in the construction industry, many aspects of how it functions can be difficult to understand. However, through better contract comprehension, contractors can make better decisions and get paid faster. This… Read More »Progress billing in construction
Pricing is far more than just attaching a dollar amount to a service. How a business approaches pricing holds a surprising amount of information; it signals perceived value, influences customer behavior, and establishes marketplace presence.… Read More »Contractor pricing guide
Contractors, more than anyone, know that it’s impossible to foresee every challenge a construction project may face. Up to 35% of all construction projects will have at least one major change, and with those changes come adjustments… Read More »How to improve your change order process
With labor shortages remaining a top industry concern for many contractors, career fairs have become increasingly valuable for finding skilled workers. With 25% more openings than filled positions, attending a single job fair won’t solve… Read More »Job fair tips for contractors: Employer’s guide to success