Construction Business Owner, July 2009

Proper planning will prevent many problems that can haunt a project all the way to completion. Of course, this is the plan for almost all projects, but circumstances occur that cause some projects to go astray which make cost overruns inevitable. Key project members staying on top of a project by confronting problems at discovery and being attentive to avoid the problem from worsening is of the utmost importance.

Tags: 2009 July Issue , accounting , financial

Most construction companies only make an average annual net profit between 2 and 3 percent. Improve your construction labor costs by only 5%, and you can improve your net profit amount to 4-5%. This can be as much as a 100 percent increase in your construction business’ bottom line!