Whether you’re a solo contractor or managing a full construction crew, a clear and professional construction proposal is one of the most important tools in your toolbox. It sets expectations, outlines costs, and helps protect both you and your client from misunderstandings once the work begins. Here’s a breakdown of what to include so your […]
Category Archives: Construction
28
Oct
Oct
Construction delays can be incredibly frustrating. You have deadlines, budgets, and customer expectations all on the line. Suddenly, something throws everything off schedule. Whether it’s a delivery that never shows up or a surprise issue on-site, delays can feel like they stop your entire business in its tracks. Delays are a normal part of construction. […]
14
Oct
Oct
Recently, I had the joy of celebrating a big milestone with one of our long-time clients. It was their 10-year business anniversary. We have been working together for nine of those years, so joining in their celebration felt extra special. Walking into the party, I wasn’t sure if I would recognize them right away. After […]
02
Sep
Sep
If you’re a custom home builder or contractor, you’ve probably heard your bookkeeper or CPA mention “cash basis” and “accrual basis” accounting. If your eyes glazed over at that moment, don’t worry, you’re not alone. Let’s break it down in plain English, using real examples from the construction world. Understanding the difference can help you […]
05
Aug
Aug
In construction, cash is king. Whether you’re waiting on client payments, investing in new equipment, or ramping up for a big project, access to capital can be the difference between growth and grinding to a halt. But should your construction company apply for a business loan? It depends. In this blog, we will discuss which […]
Bookkeeping, Cash Flow, Construction
Mastering Change Orders: Five Best Practices for Custom Home Builders
22
Jul
Jul
In the world of custom home building, change is inevitable. From a homeowner’s evolving vision to unexpected site discoveries, the way you handle change orders can make or break a project. Get ahead of the curve with these five time-tested best practices designed to keep your builds on schedule, on budget, and your clients smiling […]
08
Jul
Jul
In construction and trade businesses, equipment, tools, and vehicles are the backbone of your operations. But what happens when one of those assets reaches the end of its useful life? For example, a work truck that’s become unreliable or machinery that has outlived its usefulness. You need to know how to dispose of fixed assets […]
23
Jun
Jun
Skilled labor is the backbone for every general contractor. Unfortunately, finding the right people (and keeping them) is tougher than ever. Between an aging workforce, fewer young people entering the trades, and heavy competition from other companies, hiring isn’t just about posting a job ad. It’s about creating a work environment that skilled tradespeople want […]
27
May
May
Winning more bids in residential construction isn’t all about offering the lowest price. Price is one aspect, however homeowners and developers are even more interested in reliability, quality, and finding a contractor they can trust. Focusing on the right strategies can help you secure more projects and grow your business. 1. Strengthen Your Reputation with […]
04
Feb
Feb
If you are a construction business owner, you have probably heard the term Work in Progress (WIP) thrown around. What exactly is WIP, and why do you need to understand it? WIP is more than just another accounting term; it’s a resource that helps you track your projects, manage cash flow, and stay profitable. Let’s […]