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More stories about Compensation

  • Beware Mistakes That Bind

    Here's the scenario: A contractor hires a new estimator and he makes a bid on a remodeling job. Unfortunately, the bid is way off the mark. By the time the contractor notices the mistake, the customer has signed the contract and given him a check, which he's deposited.

  • Remodeling's Deadliest Sins

    Nine common business mistakes and how to avoid them.

  • Taking Back Rent Week

    For most multifamily property managers, the community office is a madhouse during rent week, with leasing agents frantically keying in payment information between frequent trips to the bank.

  • Doing Deals the Hard (Money) Way

    Competitors don’t exactly envy the multi-housing investor who turns to a funding source of last resort.

  • Project photography-who pays, owns and can use it-is a contentious issue.

    Project photography-who pays for it, who ultimately owns it, and who can use it-is a contentious issue. Few lighting designers can afford the fees, and hence are dependent on the architecture firms for photos, which often means a project is not well represented from the lighting perspective. The...

  • Business

    No more free estimates; credit cards vs. debit cards

  • Improve Your Cash Flow

    Many contractors complain bitterly about their lack of cash flow. That's no surprise, given that employees, subs, and vendors all expect to be paid — whether or not the customer has paid the company.

  • Protect Your Lien Rights

    Consider this scenario: During the course of a project, the homeowner pays the contractor, but the contractor doesn't pay his subs or material suppliers. One of the subs or suppliers then files a construction lien on the property. The homeowner, of course, goes crazy. He has already paid, he says...

  • Business

    Prepare your company for the end of the year; get paid faster with credit cards

  • Pricing Handyman Work

    It may surprise you to find out that you're not in business to exercise your skill as a craftsman, to get a sense of pride from a job well-done, or to enjoy a sense of freedom by being your own boss. As good as those benefits are, they're by-products, not the purpose itself.