Build A Reputable Contracting Business Without Getting Screwed
The contracting world can be a cutthroat and unforgiving business. Unfortunately, there will be times that a general contractor, your subcontractor, or even a client will do you wrong. You work hard to be a person of integrity, live and work by strong ethics, and sacrifice a lot to build a contracting business that is […]
How Contractors Can Avoid Multitasking And Prevent Costly Distractions
As the owner of a growing and expanding a contracting business, you wear many hats at one time. In the midst of a busy schedule that is full of demands, it is easy for important things to slip through the cracks and be left undone, especially when it comes to safety. How many of us […]
How To Make More Money On Your Next Contracting Job
Many contractors start their businesses with a goal of making more money. What ends up happening to many is that they give themselves a job inside their own company instead of managing it to greater profits. Most of the time, it happens unintentionally and one day you wake up and realize that all you do […]
The Other Side Of An Insurance Audit
You’re a busy contractor trying to build your business. You have to find new clients, manage your administrative tasks, and plan your work schedule. Then you get the message… your insurance company wants to audit your records. This immediately adds more stress to your already busy schedule. Preparing for an audit can feel like a […]
7 Tips For Preparing A Winning Project Presentation
How to Make a Winning Presentation Securing a prospect’s business hinges upon your ability to capture the customer’s attention and convince the decision makers that your firm is the best option for the job. In addition to offering an attractive price, there are seven strategies that you can use to earn a prospect’s business. 1) […]
Safety Investment Means More Profit For Contractors
While it may seem counter-intuitive, spending more money on certain things can actually bring you greater profits as a contractor in business. A prime example of this is having a larger investment in safety techniques, tools, and practices on the job, and in training employees about being safety-conscious in the performance of their duties. According […]
Two Ways To Manage A Safer Jobsite
One of the most urgent issues facing construction contractors is the ability to attract and retain talent. Several factors may be in play, including the perception that construction can be a dangerous vocation. One way you can attract and retain top talent is to provide a safe workplace with people who are properly trained and […]
GENERAL CONTRACTOR INSURANCE & SUBCONTRACTOR RISKS
It’s important to note that a General Contractor (GC) is responsible for work performed on their behalf by a subcontractor. In the event a GC hires an uninsured subcontractor, the GC cannot effectively transfer their risk to the subcontractor. This leaves the GCs in a vulnerable position since they could be held liable for damage […]
What Is A Waiver Of Subrogation?
Today, it’s not uncommon for companies to require that any contractor working at their job sites provide them with proof of a defined level of insurance coverage that includes a waiver of subrogation. Safety and protection should be a priority on every contracting job-site. The best way to be protected is to have safety gear […]
Why Is There A Labor Shortage Now?
Industry consultants for years have warned of this coming situation. A cultural change in the emphasis on education combined with the aging of the workforce foreshadowed not only a decline in workers but a decline in experienced workers. Brad Humphrey, Pinnacle Development Group, identifies several reasons that contribute to the current labor shortage, including: A […]
