Operations Accountability
Last time, we focused on the dual options (DIY or MODIFY) that The Profit Constructors offers construction business owners concerning Construction Accounting. In this post, the focus is on what The Profit Constructors brings to the table concerning Operational Accountability.
One way to understand Operational Accountability better is to think of the people performing the tasks like the stage crew in a live theater production. They aren’t upfront acting on the stage. They are behind-the-scenes, providing what the actors need to make their performance successful.
There are a few different terms to describe the concept of the “stage crew” of well-functioning construction businesses. Some say it is the back-office functions. Others describe this activity as administrative assistance. And still, others refer to the tasks as management support.
The point is the relationship backstage crews have with on-stage actors is the same relationship necessary to make the show successful for construction contractors.
Company operations
Another way to look at company operations is to see them as the internal engine that powers your construction business. Assuring that engine runs efficiently is the role of operations accountability.
It starts with having a back-office operation that helps drive performance and profitability through data-driven decisions. But there is more to it than that.
For example, some of the elements company operations help with are:
· Assigning roles and responsibilities
· Managing resources
· Maintaining an optimum level of technology
· Ensuring compliance
It involves systems, technology, and people. It begins with a problem-solving mindset. Then, it keeps up with the latest trends, streamlines systems, and measures performance.
Operations just got easier
There are scads of moving parts when it comes to running your construction contracting business. Having the right stagehands working to provide operations accountability determines the outcome of the on-stage performers.
I asked the team members here at The Profit Constructors to give me a list of some of the things they provide for our clients.
The first thing they noted was that we bring manageable systems into play. Many of our clients told us the systems we provide are the one thing they were missing when it came to operational excellence.
And to give you an idea of the types of behind-the-scenes functions you would see if you stepped behind the curtain, here is the list the team members gave me.
Annual corporate minutes
Annual vendor and subcontractor subcontract creation/collection
AZ5000 Forms
CCIP (Contractor Controlled Insurance Program)
Change Order Management
Closeout documentation
Job Folder setup
Liaison for GC’s
Lien waiver management
Management of Original and Amended Preliminary notices
Payroll accountability and submissions
Payroll and Workers' Compensation reporting
Sales tax reporting and filing
Textura management
Vendor and Subcontractor Insurance compliance
Vendor and Subcontractor W-9 Compliance
Vendor Job Information gathering
Vendor lien waiver collection
In case you were wondering, this in-depth behind the scenes service is what sets us apart. Not only are we construction accounting specialists, but we are also construction operations accountability experts.
Learn more
You can learn more about our construction operations accountability services by getting in touch. Give us a call Toll-Free: 866-629-7735 or email us at hello@theprofitconstructors.com to set up a complimentary appointment to discuss your needs.
The Profit Constructors provide Construction Accounting and Operational Accountability for small to medium commercial construction subcontractors.
Our services allow you to organize your operations so you can
· Remain informed
· Avoid hassles
· Reduce risks
And we desire to familiarize you with business concepts, which will make it easier for you to be a better commercial construction subcontractor through our blog posts.
So you can Run With the Big Dogs! Call us 866-629-7735