Weak cash management habits can push subcontractors into risky financing. Yet, healthy reserves allow construction contractors to regain control of their cash flow management.  So, the big question is – how do construction contractors get to the point of having a healthy reserve when, by gosh and by golly, they have to borrow money to meet payroll, or pay the taxes, or purchase the equipment, or – you name it – spend money? They use a cash management tool, of course!  And I w

The use of WIP reports for construction contractors is much like that of a lighthouse for guiding ships. The National Oceanic and Atmospheric Administration (NOAA) has this to say about lighthouses: “The messages of these long-trusted aids to navigation are simple: either STAY AWAY, DANGER, BEWARE! or COME THIS WAY!”  For construction contractors, percentage of completion WIP reports act like a lighthouse and reveal much concerning what’s ahead. By paying attention to the si

Let’s break it down. Using your noodle  means using your intelligence, brainpower, and thinking ability. Using your books  means using...

The Hidden Costs of Labor: Building a Better Labor Burden Most construction contractors underestimate labor burden because they don’t...

The following information is based strictly on the Percentage of Completion type of WIP Reporting, which we suggest as the best practice...

Are your accounting records haphazard or outdated? It’s more than just a hassle—it’s a liability. At The Profit Constructors, we offer a...

Have you ever thought that the employees in your construction company have different or conflicting goals? Do you ever feel the left hand...

Vision in The Construction Business – The Common Bond Historically, construction projects have served many purposes, including providing...

Training Construction Employees – Part 2   The introduction of this five-part series on training construction employees provides...

There are two sides to the accounting coin used by profitable construction contractors: Past and Future. Accounting for the Past...

So, what is a sleek construction business? It is refined, polished, streamlined, smooth, visually appealing, functional, sustainable, and...

Note: If you looked at the image at the top of this page and wondered what in the world seashells have to do with finding a mentor, read...

Construction Contractors with Class! Construction contractors with class are a cut above. By that, I mean those contractors who include...

With Christmas only a few days away and New Year celebrations following soon after, we thought it was an excellent time to offer a list...

It’s not too late! Creating a holiday tradition your employees enjoy, your clients appreciate, or your community (or another community)...

Soup or Salad One evening, our extended family gathered at a local restaurant. The ordering process began with my uncle. After he had...

The Power of Delegation After reading the last three posts on this blog, Delegation in the Construction Office, Avoiding...

This page is the final installment of a three-part series concerning delegating well in a construction contractor’s office. The first...

In almost every entrepreneurial enterprise the owner must maintain a certain amount of guts. In the construction industry, we see folks...

A compendium of construction-related Fun Facts. If you happen to be among those who follow us on one of our social media channels,...