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On public jobs, the halfway point is a milestone which, when reached, requires a reduction of retainage from all subsequent payments. Private contracts, on the other hand, treat retainage according to the contract. But nothing prevents you from negotiating a similar reduction at 50% completion.
Next time a prospect tells you your price is higher than someone else’s try these tactics to keep the conversation moving and see if your prospect could justify paying more.
Have you ever lost a project because you were too "expensive"? Aren’t the plans and specs the same? How could there be such a difference in price between builders? Matt Risinger explores some reasons why.
Most residential construction business owners will have to work until they die, without enough accumulated investments to support themselves during retirement. But it doesn't have to be like that.
How can we build a stucco assembly that will be just as durable and “safe” as a traditional siding house?
Few contractors do, but Shawn McCadden advocates for more transparency if (a big "if") your company has its books in order.
There is just something about wood walls that everyone likes. Here are some pictures of a 1930's house my company recently remodeled. We found some beautiful old pine walls and decided to re-use them.
The future is now: Inspectors turn to small, flying robots to scope out buildings.
Doing a paper-and-pencil estimates on the fly can actually serve a good purpose ... just not all the time.
Now that the economy seems to be improving, contractors will need to alter the "do more with less" mentality they used during the recession.
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