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Judging a company's profitability based on gross profit can be misleading. Your bottom line numbers are a better indicator of performance. Here's why.
J-shaped guides replace the usual recessed floor track
Has it ever occurred to you that dropping your prices to stay in business could put you out of business? Many contractors tell me they’ve had to drop their prices to remain competitive in today’s market. They just know they’re losing jobs because the “other guy” is cheaper.
If you and your project manager spend 13 hours preparing an estimate for a remodeling job, how much money have you invested in the project? Would you have been better off spending those 13 hours getting things done on one of your current projects?
The true cost of labor
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.
Fee impact in California; where to find adjustable wall braces; decimal pitch conversion; hidden soffit vent details; more
If I were to ask ten contractors how they calculate and apply overhead (indirect expense) to their estimates or time-and-material work, I would get ten different answers. If I were to press further as to how they arrived at their numbers, most of their methods would turn out to be arbitrary or have...
Setting up an operating capital reserve account
Q. How should a garage slab be sloped for drainage toward the overhead door? At 1/4 inch per foot on a 24x26-foot foundation, the height difference from front to back would be more than 6 inches. Do I need to grade the sand and gravel sub-base at the same slope so the slab can have a uniform 4-inch...
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