Jacobs

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Revamping your profit sharing plan

Menno S. Martin Contractor Ltd. in St. Jacobs, Ontario, had a profit-sharing plan for years. In 2004, when president Laverne Brubacher went into semi-retirement, he came up with a formula to scale back his salary and distribute more profits among his 17 staff members. The plan paid off for the company as well as the employees. More

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Cost Controls

The answer to this question for me is twofold: material volatility and labor/subcontractor volatility. When the price of lumber, drywall, concrete, or any other building product is fluctuating, I reduce the amount of time the contract is good for to limit my exposure and also include a material-escalation clause to protect me against major price changes and shortages caused by factors beyond my control ó such as a hurricane or the like. More

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Toolbox: Cordless Impact Drivers

Cordless impact drivers More

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Building With Style: The Key to the Front Door

Intriguing entryways More

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Toolbox: A Truly Portable Miter Saw Stand
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Toolbox: Contractor's Panel Saw
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