Double check everything; it's a simple rule and easy to forget. And it only takes one little slip to cost a contractor a chunk of cash. More
On most projects, we collect a down payment of roughly 5% to 10% of the total contract. That could mean we send invoices as close as a week apart, depending on when invoices come in to us. More
Typical profit slippage -- the difference between estimated and produced gross profit--is 5% or more according to our survey. More
A few spend all their work time selling, while many more combine selling with estimating, designing, and production management. Compensation schemes vary, too -- salary, commission, staged commissions, salary plus profit sharing, among others. Another pays an extra 4% on total job revenue. More
