Alabama's Workforce Isn't Getting Any Younger
Alabama is no exception to the national trend: construction workers there have...
The Pitfalls of Hybrid Estimating
A look at three ways to create an estimate, with varying proportions of labor,...
Four Common Delusions Among Contractors
Contractors are often their own worst enemies. Here are four ways they make it...
Nothing but Net
Judging a company's profitability based on gross profit can be misleading. Your...
Looking Beyond the Bottom Line
Too often, business owners will print a profit-and-loss statement (P&L, also called an income statement) and then look at just the bottom line net profit.
Using Cost Books for Estimating
As moderator of the estimating forum at jlconline.com, I'm often asked if cost...
Allocating Overhead to Labor Makes Financial Sense
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 some element of guessing.
Tracking Your Time
A time card can improve the accuracy of your estimates, cut worker’s comp costs,...