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 […]
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 […]
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 […]
Projects We Love: Independence Hall Visitor Center
The front door of one of the most historical sites in the country is undergoing a major renovation. The Independence Visitor Center, in Philadelphia, welcomes millions of people from around the country and around the world who want to see where the Declaration of Independence and the United States Constitution were signed.
Projects We Love: Hurricane Harvey Cleanup
The devastation caused when Hurricane Harvey hit the Gulf Coast on August 25 was staggering. More than one million people were displaced and roughly 200,000 homes were damaged in a 300-mile span. The cleanup and recovery will be a long one for the region, but within a few months, contractors working for the Texas Department […]
4 Signs You Need to Hire an Accountant For Your Commercial Construction Business
If your company has more than a few employees, your revenue is growing, and you are juggling multiple jobs, it’s probably time to hire your own construction accountant, preferably a Certified Public Accountant. A good accountant often pays for themselves in a relatively short amount of time. After all, finances need to be current and […]
5 Commercial Construction Trends of 2019
The modern construction site looks different than it did 20 years ago, 10 years ago, and even 5 years ago. Technology and industry trends are driving developers to do things differently, from changes in high-level planning to finding ways to detect minute leaks. Check out these top six constructions trends that are changing work sites […]
The Future of Commercial Construction is Green
The commercial construction market rises and falls with the global economy, but a few trends remain the same. One trend that continues to march forward and increase in importance is environmental stewardship. Green materials, green buildings, and green development strategies all play a role in the design process. More commercial clients demand it, and developers […]
How to Calculate Profit Margin for Your Commercial Construction Project
Due to the inconsistent nature of commercial construction, it is essential to build a healthy profit margin into each of your projects, and to know what the breakeven point is that will determine whether each job ultimately finishes with a profit or a loss. The key is to properly run the numbers, being as specific […]
How To Create a Website For Your Commercial Construction Business
If you build your website to drive business, it can. You may be thinking, “I construct buildings, not websites,” but getting this essential business asset up-and-running isn’t as difficult as you may think. If you don’t have one, or yours hasn’t been updated in years, we’ve compiled a guide of tools and resources to get […]