Proper budgets and estimates If your commercial construction contracting business is to survive, then you must be equipped to provide proper budgets and estimates. More importantly, if your construction business is to be profitable, then having budgeting and estimating skills in place is essential. Develop a total project budget Developing a project budget includes: Analyzing requirements and drawings to verify the scope Determining cost and time parameters Allocating enough

This is the third in a 3-part series dealing with efficiency in a construction contracting office. The first installment can be found here. And, the second here. At this point you’ve begun to understand the importance of working in a pleasant atmosphere and having documented processes. You get that organized and standardized within your construction business means it will run more efficiently. Yet, there are still some issues to be dealt with. How do you know where to start i

You’re a construction contractor – and you’re busy! All day long! Or are you? What about those minutes of time that are maddeningly frustrating because you’re waiting? Waiting between scheduled appointments Waiting for the person who is late to an appointment Waiting for the coffee to brew Waiting for a slow application to load Waiting for a field report to finish downloading Waiting between sessions at a conference Waiting on phone hold Waiting while you’re stuck in traffic

When you’re in the construction contracting business a lot rests on your ability to present an accurate bid. Before you bid your next job consider how your financial records and reports can and should strengthen your bidding accuracy. It isn’t about the luck of the draw, nor is it about hoping you get close. It is about knowing and understanding the basic numbers (i.e. how much the materials cost, how many people it will take, how many hours will be involved) as well as a sle

This is part two in a five-part series concerning Steps to Scaling Your Construction Contracting Business. You can see the introduction to the series by clicking here. Are you among those who’ve figured out the simple way to deal with a puzzle maze is to begin at the end? The misguided and errant paths become much less of a problem to be dealt with when working a maze backwards. Same thing holds true when trying to figure out the puzzle which is all the moving parts of your c

In this monthly post, it’s my pleasure to introduce you to one of the many apps that we at Schulte and Schulte endorse and recommend to our customers. As a firm of construction accounting specialists, we love to help companies in the construction industry with their books and finances, part of that help is finding different apps or software that can help our clients out.  During this monthly feature, we take a look at several apps that we love at Schulte and Schulte, LLC, and

At Schulte and Schulte, our passion is in working with any company that fits under the construction umbrella.  This includes construction service businesses like plumbers, HVAC techs, roofers, landscape techs, etc.  Some of the apps that have been, and will be, featured in this blog series are feature filed and do have elements that would be beneficial to construction service businesses.  However, we feel strongly about finding an app or software solution for each of our clie

Escalating your business to the next level So, you’re ready to scale your construction contracting business. It is time to move to a new level. You have plans, thoughts, and ideas about moving into the big league. Read on, because there is a brief primer ahead to help you begin to work through that process. But, before we go any further, I’m going to tell you the same thing my dad had to remind me of on more than one occasion. If it was easy, everybody would do it Scaling isn

In this monthly post, it’s my pleasure to introduce you to one of the many apps that we at Schulte and Schulte endorse and recommend to our customers. As a firm of construction accounting specialists, we love to help companies in the construction industry with their books and finances, part of that help is finding different apps or software that can help our clients out. During this monthly feature, we take a look at several apps that we love at Schulte and Schulte, and dig a

But, those badges are only a small piece of the continuing education we’re committed to here at Schulte and Schulte. Continuing education is a vital component to providing our clients the best possible care Continuing education allows us to clarify and better understand the processes and procedures of bookkeeping as advanced by and through technological updates and renovations. Continuing education gives us the opportunity to acquire both theoretical as well as practical know