In the eye of many, managing construction is depicted by this picture: manual labor, mountain heap of raw materials, and non-stop operation in order to build the structure according to an owner’s vision. While they are not wrong, they do not see this: a stack of project documents, disorganized file cabinets, and spreadsheets of monitoring
Managing a plumbing business, like managing construction firms and projects, is so much more than understanding and having the trade skills. To keep the company afloat and thriving, you must get more return on investment (ROI). When you commit your business funds to a particular component or addition, your goal should ultimately be to earn
With projects being expensive, resource-intensive, tedious, sometimes protracted, construction is one of the most challenging industries today. For construction projects to meet quality standards, stay within budget, meet deadlines, and overall end successfully, project management– a vital element– must play its part well. Be that as it may, there are misconceptions that prevent project managers
Anyone who runs an HVAC business and is involved in the HVAC industry knows that word of mouth is the lifeblood of the business. When your customers are happy, they will give positive feedback, and they will immediately recommend your company to everyone they know, especially people who particularly needs your HVAC services. Customer feedback
Inventory management is considered a fundamental building block to a company’s longevity. If you run a general contracting company, a sub-construction company specializing in specific trades, or even a service professional, your inventory is everywhere. It will be located in the warehouses, in the back of the delivery trucks, in storage units, in the client’s garages, or
Managing your construction inventory is the key route in your construction business’s success because a well-managed inventory is crucial to your company’s profitability. Additionally, a project timeline planned, with complete inventory details of the required materials, equipment, labor, and many more, is considered critical to the project planning process. Controlling your overall inventory allows you
Anyone who’s encountered a colossal to-do list knows that an unorganized approach doesn’t work very well. That is the reason why you clean your house systematically from one room to another. It’s why you plan itineraries in advance to take the most efficient route to evade traffic. And it’s why we tend to prioritize tasks
When managing construction projects, equipment procurement is one of the biggest factors to keep in mind. There are three routes you can take: buying, leasing, or renting. While each has its advantages, we’ll look at why renting is the better option in this article. For many, renting is the most viable option for equipment procurement.
There are numerous things to consider when pricing HVAC services. From setting competitive/ reasonable rates to making a profit, you have to strike a balance that will keep both you and your customers happy. So before you set the prices, take sufficient time to determine your costs, how you’re going to handle a range of
The construction industry is unique in many ways. The construction parties are entitled to lien rights, for instance, which allow them to secure payment from felonious clients. Actually, not all industries defend their stakeholders from non-payment and it goes to show how frequent conflict payments arise in the construction sector. On the other hand, retainage
When it comes to managing construction projects, communication is vital to project success and completion. Poor communication is one of the top reasons construction projects fail. In fact, it’s the reason one-third of the time, according to the Project Management Institute (PMI). From miscommunication to failing to communicate, poor communication is detrimental to any project,
One of the biggest challenges of a growing construction company is managing construction site inventory. Inventory management in construction is a means by which contractors and suppliers can keep track of material, workforce, schedule, and activities on and off-site. This is particularly vital when a construction company manages multiple projects, and efficient scheduling might not
The bidding process in construction is a complex one and is rarely easy. Even thorough research about upcoming bids will not help. You might not get that bid that is fit for your company. Fortunately, the industry has gone through plenty of technological advancements. These innovations pave the way for better construction projects, from something
Running a profitable HVAC business requires more than powerful equipment and trained technicians. In fact, it demands exceptional HVAC customer service to make and retain loyal customers. A study recently shows that 73 percent of customers state loyalty to a certain brand because of friendly customer service. As a business owner, you want one thing
Artificial Intelligence and its derivatives stand to deliver enormous advantages to the construction industry. AI has become all but unavoidability for most industries, and the construction sector is no different. On the digital age scale, construction is growing at pace as urbanization and globalization have skyrocketed over the past century. As a result, the industry
