Executive Summary Contractors deserve to be profitable. It’s necessary for business survival. A perceived exorbitant markup should not be fretted over. Mark it up! The “disclaimer”. Profit is markup is fee here. Be advised this article assumes that profit and markup and fee are one in the same. There is […]
Incidental: What’s in a Word?
Executive Summary The word “incidental” is common to the construction industry and it can be damning if you’re not careful. Understand what you’re committing to when you enter that unit price in the bid proposal when it requires “all incidental costs be included”. What is this word, incidental? Incidental, included, […]
Timecard Collection – Like You’ve Never Heard
Executive Summary. One of the top complaints of construction employers is the collection of completed timecards – in a timely manner that is. Here is a suggestion for improvement you probably haven’t heard. What sort of timecard? Although this phenomenon of untimely timecard collection happens to salaried employees who simply […]
Getting Paid: Some Suggestions
Executive Summary The law* provides the rules of getting paid in construction. Sometimes contractors must use the law, other times there are other easier (less expensive and quicker) ways of getting paid. *I’m not a lawyer, so please make sure to consult with your attorney on any of your legal […]