Let’s start with an understanding of what profit is and why it is necessary, as we all know profit is the money left over after all of the bills have been paid, but as a business owner it is NOT the money you have earned it is the money the business has earned, and the…

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Labor cost, we are all aware it is a big expense, but do you take the time to really understand where productivity is costing you money or jobs? From a construction standpoint, far too often, we focus on the cost of materials, after all, it is an assembly of materials when we are done, a…

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Let’s look at the cost of construction for a typical residential project, where is the money? The process begins with design, Architects, engineers, consultants all need to bring your idea to life. 100% of the cost associated with the design is labor. The business will have overhead expenses but what is being paid for is…

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The construction consultant or Owners representative is a vital often overlooked member of the construction project. The role is necessary and is required for every project but too often is administered by the client. For the Owner, Obviously, this is not the best use of resources, the decision process alone is overwhelming, design decisions, material…

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For the minority in the residential construction business, they are a business first and a just happen to make money as a residential contractor, for most the opposite is true. When I started out in large commercial contracting the adage of the firm was “we are a business first and just happen to make our…

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Industry background is necessary as each industry has its own intricacies and language but at the core of project management is information management. Whether you are in event planning or construction, IT, etc. the process is the same. 1. Review and understand the contract requirements This in contract management, you need to understand the legal…

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I have been on every side of this business but as with most businesses when I jumped in I thought I knew it all, 30 years later it has become more evident that experience does matter. This is not to say the new guys can’t do a good job, they can, and I believe I…

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Years of teaching, training and now your fear, he has decided he can build just as well or better than you and is going out on his own. Has was pushing a broom when you gave him a chance and grew to become an asset and team member. Should you be pissed off, yes, but…

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Collaborative construction is analogous to a football team with five distinct entities dedicated to winning the Super Bowl. Design built contractually blurs the lines of expertise and contractual responsibility. We will use Pro football as the format because (1) I like football and (2) it best represents the team approach needed in construction to win.…

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