Contracts are vital regardless of the size of your construction business. These agreements will protect you from unforeseen risks and help your business succeed. They are also crucial to maintaining the validity of your license. A construction contract sets out the client and contractor’s responsibilities, expectations, timelines, and prices. Unlike the bid, which is an … [Read more...]
Construction Estimates 101: How to Accurately Estimate and Price Your Projects
For construction contractors, estimating is a vital skill. If you don’t master it, your business won’t succeed. Construction estimating involves determining the total expenses for a project, including materials, labor, equipment, and other costs. It’s important to note that some of these costs can be connected directly to a specific aspect of the construction project. Others, … [Read more...]
Commercial vs. Residential Construction: What Are the Main Differences?
There are stark differences between residential and commercial construction, and these differences have a significant influence on how contractors approach different projects. The main differences focus on building codes, materials, costs, equipment, and project timelines. Residential properties include single-family homes, multiplexes (duplex, triplex, etc.), … [Read more...]
What Insurance Coverage Do Handymen Need?
[mv_video doNotAutoplayNorOptimizePlacement="false" doNotOptimizePlacement="false" jsonLd="true" key="kjswakauzhokbupjyseh" ratio="16:9" thumbnail="https://mediavine-res.cloudinary.com/v1681410428/ab47fbn5tnoootcirfiu.jpg" title="What Insurance Coverage Do Handymen Need?" volume="70"] A handyman is a jack-of-all-trades professional. In this career, you can pursue different … [Read more...]
A Guide to Pricing Professional Services
There are many things that small business owners and contractors must take into account if they want to succeed in their operations. One of the most common of these startup challenges is figuring out how to price your services. Here are some of the primary considerations to keep in mind as you do so. 1. Calculate Your Costs If you want your business to survive, the absolute … [Read more...]