How to do a Job Cost Projection: Cutting through the Fog – Part 1

Executive summary. An accurate job cost projection is vital to Company survival. And it’s not too complicated if you know the budget, the timing of your costs, and can do a little bit of estimating. It’s NOT about blindly relying on quantities completed! What’s a projection? It also carries different […]

“Boosting” Job Profits on Equipment Purchase – on Paper

Executive summary. Whether in a bid situation or a change order negotiation, there is a way to boost your profit on paper by not “job costing” your equipment. Let’s talk depreciation. And whatever you do, make sure to talk to your CPA after reading this. It’s much more complicated than […]

Training: Now I see the Value

The benefits of training can be great for numerous reasons. You’re making capitalinvestments, you should also treat your employeesas an asset worthy of investment too.

Cost versus Price

Executive Summary: Cost and price are two different measures of money in a construction bid. Knowing the difference is fundamental and can improve profit. What is cost? Cost is the expense associated with an activity or item. It is just cost. It has nothing to do with price. In construction […]