Tag: 2007 December Issue
These items have all been tagged with the tag "2007 December Issue", You can see other tags in the Tag CloudConstruction Business Owner, December 2007
“Right about now, Jerry Choate should be hiring workers and getting ready to install displays in the visitor's center at Cheyenne Bottoms near Hoisington. Instead, he's waiting. Persistent rains have turned what generally is shallow-water wetland into a sea of deep water.”—9/21/2007 The Hayes Daily News, Kansas
Construction Business Owner, December 2007
Being able to accurately bid on construction jobs is one of the most critical skills you must have so your business will not only survive but thrive.
When compiling a strong bid you, you must:
- Determine your direct and indirect costs accurately
- Secure surety bonding
- Determine profit to calculate the overall bid
Construction Business Owner, December 2007
An owner provides you with plans and specifications for a project and you construct it in strict conformance with them. Subsequent to the project’s completion, it is determined that what you built is not suitable for its intended purpose. Who “owns” this problem?
Construction Business Owner, December 2007
Though prevailing wage employers are, in many respects, no different than other employers, hopefully they take advantage of the tax benefits found when providing fringe benefits to their employees. A decade ago, many employers adopted benefit plans, in lieu of paying cash, simply for the tax benefits. While the benefits of the tax savings to the business remain valid, in today’s tight labor market, employers are also adopting benefit plans as a worthwhile tool to attract and retain valuable employees.Construction Business Owner, December 2007
With all of the equipment, materials and craftsmanship involved, it is easy to lose sight of the fact that construction is, first and foremost, a people business.
Your business operates on who knows you and who trusts you. Who do you know, and who do you trust? Who do you call to bail you out of a fix? Who calls on you to bail them out of a fix?
Construction Business Owner, December 2007
It seems as though everyone’s doing it these days. Outsourcing is becoming a common practice among organizations—big and small. Today, more functions than ever are being outsourced to those who offer companies a dual benefit of increased success coupled with meeting high expectations of lowering overall costs. Employers are coming to understand the reality of internal hard and soft costs and the benefit of outsourcing to realize an overall cost savings.Construction Business Owner, December 2007
Since the early twentieth century, the United States has had a massive building boom, both for residential homes and commercial properties. This increase in property value and material goods can be seen as beneficial to America’s overall economy and has permitted property ownership to become one of the safest and most reliable investments available. However, the benefits of this thriving building economy have also collaterally brought upon an unfortunate variable—a dramatic rise in construction injuries.Construction Business Owner, December 2007
Editor's Note: Following is part seven of our eight part series called "Better Next Year," by Fred Ode, CEO, chairman and founder of Foundation Software.
“The sky is falling! The sky is falling!” Unfortunately, many companies operate their business with this style of crisis management. Busy with urgent details and pressing decisions for their growing businesses, lots of contractors can only react to problem and then attempt to fix them. Sometimes these fixes have good results, but many times they create even more problems, which must be dealt with in a hurry.
Construction Business Owner, December 2007
Editor's Note: This is twelfth in our 2007 series of The Business Owner Toolbox written by our regular columnist George Hedley. Each article is written to provide you with practical, immediately applicable business management tools to assist you on your path to building a successful, growing business.
