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This month I want to talk about one of the most important aspects of a purchasing system: the ability to accurately capture, manage, and minimize unwanted job-cost variances.
In July we discussed the basics of a purchasing system, and how it can help you control costs and improve the quality of your projects.
Known for its aircraft manufacturing, this Midwestern city has expanded while the rest of the economy has stalled.
For the past several columns we've been talking about the importance of gross profit and contribution margin, or the amount that each job "contributes" toward overcoming your annual fixed overhead expenses and reaching your profit target.
When I was a young builder in the early '80s, there was an old-timer in town who worked with a couple of his sons, a small crew, and a handful of good local subcontractors.
A recent experience got me thinking about the competitive bid process.
Let's begin this month by reviewing some basic financial concepts and benchmarks.
For the past few months we've been focusing on planning - but sooner or later you're going to have to build something in order to earn that income you're planning for.
Budgeting for your marketing, sales, and project starts
Take some pain out of the yearly exercise of creating your jobs budget
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