Don’t let rookie financial mistakes derail your construction business. After a decade of experience with small builders and construction companies, I have pinpointed the top three financial miscalculations that can cause them to lose money on their projects – plus two things you can do to avoid them! Construction projects are a huge undertaking, and… Continue reading The 3 biggest mistakes small builders and construction companies make when estimating and the 2 things you can do to fix this.
THE TRADES BUSINESS FINANCIAL CONUNDRUM AND WHY A SCORECARD CAN HELP I have been working with trades and construction businesses, as their accountant and CFO for over 15 years. The story seen time and time again is a simple one, plenty of work terrible cashflow. These cashflow problems started gradually. When you started the business,… Continue reading Why I created the business finance scorecard for trades and construction businesses and why it’s worth doing
If you are a contractor or project manager, you may not know how to make money from client variations in construction projects. If contract variations are not managed properly, each time you are requested to quote a variation, your business is likely to be losing money, because: Because the variation is affecting the production schedule,… Continue reading How to Maximize Profit from Contract Variations in Your Construction Projects