7 Ways to Win More Government Contracts
The government construction contract realm is worth about $270-billion dollars, with a near-guarantee of payment for your work. From public schools to county courthouses, to airports and interstates, government construction contracts can be incredibly lucrative for commercial contractors. But breaking into the public sector can be tough. Here are some tips to help strengthen your […]
Seeking a Commercial Construction Loan? Start Here.
Construction projects are capital-intensive and, unlike many other industries, the company undertaking the work — that is, the subcontractor — puts in a considerable amount of work before billing and months before receiving payment for its services. Many commercial contractors have a hard time securing traditional funding. Alternatives are available, but how do you decide […]
7 Reasons You’re Not Landing the Big Construction Jobs
Commercial construction bidding can be a stressful and frustrating process. It takes time, energy, and doesn’t always pan out in your favor. But, sitting out the race also means turning your back on tremendous growth opportunities. Here are some common mistakes contractors should avoid when bidding on new projects. You aren’t qualified That doesn’t mean […]
Protect Your Business from a Natural Disaster
A natural disaster can put your whole life at risk. For business owners, there is even more to worry about and prepare for. A natural disaster like Hurricane Harvey in Houston, or the recent wildfires of California can lay ruin to your company. You may think it would never happen to you, but one in […]
Margin vs. Markup: What You Need to Know When Bidding on Commercial Construction Projects
How does your business calculate the right bid for a job? Do you sort out the job cost and then increase it by a third? Do you use the “10 and 10” method, adding a 10 percent overhead and 10 percent profit? Are you able to differentiate between margin and markup? When is the last […]
When is it Time to Get Funding for Your Construction Project?
Few commercial contractors have the luxury of paying the full up-front cost of a project without help along the way. But often, they wait too long to seek that additional funding, which can put unneeded stress on the project itself or even the business overall. Due in part to the Great Recession a decade ago, […]
Simple Steps to Prevent Your Construction Business from Being Hacked
If you own a construction company, you might feel pretty safe from hackers. Your company may not have a website, physical office location or a big staff. But unless you operate on a paper-only basis, you could be susceptible to hackers who want to exploit information and steal dollars from you, your company, employees, and […]
Insurance Policy Tips For Commercial Construction Businesses
The world of insurance can be confusing, especially for commercial construction business owners who need coverage for their commercial contracting companies. The challenge is buying the right insurance so that your company is adequately protected and still within its operating budget. Insurance expert, Beckie Ervin of Ervin Insurance Concepts, recently spoke with Mobilization Funding to […]
What is Commercial Construction Contract Financing?
Winning larger contracts should be a signal that your company is growing stronger, but for many construction subcontractors, that success also brings added pressure. The moment a project is awarded, expenses begin immediately, while revenue often arrives weeks or months later. That gap creates risk, slows decision-making, and limits how aggressively companies can pursue new […]
Projects We Love: Tampa International Airport Expansion
Tampa International Airport (TIA) is nearly finished with the first phase of its roughly $2.3 billion expansion. The first phase has included the construction of one of the largest car rental facilities in the country (2.6 million square feet), and a 1.4 mile people mover track, plus renovations to each of the four existing airsides […]