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Strategies for building a successful construction company, as well as construction industry news and commentary. Topics will include creating winning job bids, maximizing profitability, job costing, marketing strategies, our thoughts about industry trends and more.
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Don't get burned by the contracts you sign! In today's ProfitDig video, the guys discuss various topics including:On a project, you become part of the business of the General Contractor.Make sure your scope of work is specified in the contract.If it is a long contract with a company you have never worked with before, consult an attorney.Language in proposals to protect your interests.Daily jobsite documentation to protect you in court cases.And more! If you deal with construction contracts, you need to give this a watch.From ProfitDig - easily create professional job bids and track your costs in a low monthly fee, non-contract, Web-based solution.Visit https://www.ProfitDig.com and sign up today!
The ProfitDig guys talk about the importance of daily jobsite documentation. Jeff Spencer talks about using contractors' daily diaries to document information such as jobsite conditions, weather, or any other factors that might affect the work that gets done on a particular day. This information is invaluable in situations such as a court case. You need to be able to explain what happened on a particular day, or set of days.From ProfitDig - win more jobs and make more money with ProfitDig. Easy job bidding and costing for construction contractors.https://www.profitdig.com
In this non-construction episode of the ProfitDig Construction Show, our buddy, Wally Rankin, talks about his experience with chainsaw wounds and knife stabs - all incidents he has experienced with family members growing up in a logging town in Michigan, and with his children in Tennessee.This was supposed to be a Halloween episode, but better late than never.Another fascinating video from ProfitDig - the world's easiest to use construction job bidding and costing solution. Non-contract, Web-based, and perfect for small contractors.https://www.profitdig.com
ProfitDig's Jeff Spencer discusses his invoicing strategies to make sure that you have the draws you need to pay the job bills along the way while maintaining healthy profit at the end of the job. Avoid overly aggressive billing! If you bill too aggressively, you may very well find yourself out of money by the end of the job and forced to pay expenses out of pocket.From ProfitDig - the world's easiest to use construction job bidding and costing solution. Create professional quality job bids and track costs down to the line item for just $99/mo. Sign up today at https://www.profitdig.com.
ProfitDig's Jeff Spencer and Jeff Givens talk about power quality.As Jeff Givens explains, the U.S. is divided into three major grids, and generation of power is based on the demand by homes and businesses within those grids. Generated power has to align with the demands on the grid. Non-linear sources of power for drives, motors and electrical equipment wreak havoc on the quality of power that comes into your home or business.When companies sign an agreement with a particular energy provider, they have expectations with regard to the quality of power coming into their locations. Different municipalities will have different power requirements as well. Poor power quality can cause damage to your equipment, so having a better understanding of your power needs will help you maintain that equipment.From ProfitDig - easy job bidding and costing for #construction contractors. Sign up today at https://www.profitdig.com.
The guys talk about all subcontractors. If you are bidding on work that you do not self-perform, you will require subcontractors. A good subcontractor is hard to find, especially in a hot market. Having a well-established relationship with a subcontractor will help immensely. A sub is essentially an employee of the GC, so good relationships are critical. ProfitDig's Jeff Spencer is a highly experienced Project Manager and former company owner, so learn from his wisdom in the latest ProfitDig video. ProfitDig - easy job bidding and costing for #construction contractors. Sign up today at https://www.profitdig.com
“Dirty” power can cause expensive damage to the equipment in your shop. ProfitDig’s Jeff Givens, a former electrical engineer, explains what to do if you are not getting clean power to your shop.From ProfitDig - easy job bidding and costing for construction contractors.https://www.profitddig.com
In years past, safety requirements were not so strictly enforced, but these days, OSHA is strict about enforcing those rules, and most companies take pride in keeping their employees safe. That is good news for employees, but from a job bidding standpoint, safety compliance must be accounted for in your bids.When you sign on to perform work for a General Contractor, you become part of that company. Every GC has a safety program, and you must abide by the GC's requirements in addition to OSHA. Often the GC's requirements will be even more strict than OSHA. You will likely have to have your crews go through jobsite-specific training with the GC. That time costs you money, so you need to cover it in your bids.Brought to you by ProfitDig - easy job bidding and costing for construction contractors. Sign up today for $99 at https://www.profitdig.com. No contract, cancel any time.
The ProfitDig guys talk about trench boxes, chains and slings - essential safety equipment used on a jobsite to prevent injury from collapsing trenches. Chains and sligns are used to lift heavy items. Most trench boxes weigh 8 - 12 thousand pounds, so they are very heavy devices. They must be used correctly based on soil and OSHA requirements, which vary from state to state. Trench boxes must be tagged properly. A missing tag will rquire recertification. It is critical that these items be set up correctly. Items used for lifting must also be tagged and dated.Learn everything you need to understand about trench boxes, chains and slings.Another useful construction video from ProfitDig - easy, low cost job bidding and costing for construction contractors. Sign up today! $99/mo., no contract.https://www.ProfitDig.comJoin the ProfitDig mailing list for a free PDF copy of our book, Digging for Profit: Secrets to Success in the Construction Industry.
ProfitDig After Dark... not really! But it is Chris and Jeff talking about pipes! As Jeff explains, come municipalities require certain brands or types of pipes for specific applications. If you are engaged in underground utility work, it is critical you understand the different types of pipe and when to use what. Jeff is an expert in underground, so he knows what he is talking about.Another helpful video from your friends at ProfitDig! Check us out at https://www.ProfitDig.com. Easy job bidding and costing for #construction contractors.
Highly experienced construction Project Manager, Jeff Spencer, talks about how to hire a foreman to help your company grow. As Jeff explains, it is hard to find workers in general, so finding a foreman is even more difficult. Jeff gives his tips for finding the right guy to run your crew.From ProfitDig - the world's easiest to use #construction job bidding and costing solution. $99/mo. No contract. Sign up today at https://www.ProfitDig.com.
Professional home inspector Wally Rankin of Trout Creek Inspections shares some of the weirder things he has seen and experienced while performing home inspections.Another fine video from your friends at ProfitDig - EASY job bidding and costing for #construction contractors. Try it today. $99/mo., no contract. Web-based. Cancel any time.https://www.profitdig.com
Wally Rankin of Trout Creek Inspections explains how there are limitations in every home which can make it difficult to examine everything. Every home inspector has a legal agreement detailing these limitations. It's extremely important to document everything discovered during the inspection. A home inspector isn't allowed to move items around without written permission. A thorough home inspection is like an investigation. A good home inspector will take the time to properly every accessible square foot. Visit Trout Creek Inspections - https://troutcreekinspections.com/Looking for an affordable, cloud-based construction bidding and job costing solution? Visit https://profitdig.com today!
The ProfitDig guys talk with home inspector, Wally Rankin, about why you need a home inspector when purchasing a home. Most legitimate real estate agents want accurate home inspections and will advise their clients with regard to inspections.If a realtor supplies you with a list of inspectors, do your research and pick the best one, even if he is the most expensive. With home inspection, you get what you pay for. A good inspector will begin his inspection even before arriving at the property - he will be looking at other properties in the neighborhood!An inspector can also provide year-later inspections for warranty purposes, which is an excellent idea that can identify structural or engineering issues that will affect resale down the road.Learn much more about what home inspectors are, what they do, and how to hire the very best one for your needs.From ProfitDig - easy job bidding and costing for #construction professionals. Starting at $99/mo., no contract.https://www.profitdig.com
In the latest ProfitDig video, we continue our conversation with professional home inspector, Wally Rankin, of Trout Creek Home Inspections. We ask Wally how building codes affect the home inspection process. Home inspectors do not inspect to code - they code to home inspection standards, which are set at a national level. National codes such as those related to electrical issues will be pointed out. Wally also warns home built quickly during the recent housing boom should be inspected carefully for shoddy work. Watch and learn much more about the relationship between codes and home inspection!From ProfitDig - easy job bidding and costing for construction contractors. Sign up now for only $99/mo.https://www.profitdig.comhttps://troutcreekinspections.com
Special guest, Wally Rankin from Trout Creek Inspections, joins the ProfitDig crew to talk about what to look for when hiring a home inspector. Wally runs a successful business and knows exactly what makes a good inspector.Among the advice:A good inspection for an average size home should take about 3 hours.An inspector should be able to tell you exactly what they will be inspecting.Ask the inspector if they inspect the roof.Inspector certifications.The type of reports that are provided, and how soon will they be delivered.And much more! Listen in and learn from a true home inspection expert.From ProfitDig - easy job bidding and costing for construction contractors.https://www.profitdig.comhttps://troutcreekinspections.com
Today's ProfitDig video is all about silt fences and erosion control! Silt is runoff from a job site. Natural erosion control is best for slowing silt down, but silt fences are erosion matting attached to posts that is used to control runoff. The idea is for silt to pile up next to the fence. Silt fences often have to be redone to maintain control, and there are erosion control companies that specialize in that process. If you are doing dirt work, you must understand the proper use of silt fences. The ramifications of not properly doing erosion control can be disastrous.We also talk about the mating season of Tennessee crawdads.Give it a watch!From ProfitDig - easy job bidding and costing for construction contractors. Starting at $99/mo., no contract required.
The ProfitDig guys talk about bidding underground utility jobs - something Jeff Spencer knows a LOT about! When looking at a specific project, the specifications limit what you can and can't do on a project. Ease of accessibilty is a huge concern. How hard is it going to be do to get your equipment moved around? Where will you have to store your materials? Different types of materials will also greatly affect your bids. Make sure you understand job qualifications. Is stone backfill required? Do your suppliers have the necessary approved supplies you will need?These are just a few of the items we discuss that have a tremendous impact on how profitable an underground utility job will be for you.From ProfitDig - bid jobs easier and make more money.https://www.profitdig.com
Starting a new construction job and unsure of the local codes? Codes apply to the location (city and/or county) of the job. You may have to take a drive to a local courthouse for an application or at times you may get lucky and have the option to apply and pay online. ...and don't forget to budget for these in your job cost!
The ProfitDig guys talk about what to look for when buying construction equipment. Your equipment is a MAJOR expense, so you want to make sure you buy the equipment that is going to work best for your business and provide you years of service.Topics include:Making sure you buy equipment that suites the scope of work you are going to be doing.What to look at when examining used equipment, such as number of hours on the equipment, how it operates, leaks or signs of damage.Maintenance records.Taking an experienced mechanic with you when purchasing equipment to get his opinion.And more. Don't make the investment in equipment for your construction business until you watch this video!Another video from ProfitDig - easy job bidding and costing for construction contractors.https://www.ProfitDig.com
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