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Home » Business Visibility

Are your construction company’s financials best in class?

09/23/2016 at 1:24 pm

Gross profits, return on equity, liquidity, backlog ratio, revenue per employee. Is your company the best in the business when it comes to these and other key financial indicators? Or do you have some work to do? As I mentioned in an earlier post, one key way to maintain your competitive edge is to compare…


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One key way to maintain your competitive edge

04/20/2016 at 12:18 pm

Successful athletes know what they need to do to be their best. They watch game footage showing opposing teams, monitor long-standing and recently broken sports records, and always understand how their performance compares to others. They believe in benchmarking, and so should you. Benchmarking can keep your business in top form by maintaining a focus…


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Cash is king . . . and in construction, don’t forget it

09/11/2015 at 1:54 pm

Inadequate cash flow is one of the major reasons construction companies fail. It’s also the main worry keeping financial managers up at night. Cash flow can be doubly difficult to manage in construction because each project is typically unique with different contract and payment terms. But there are ways you can better manage and maintain…


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Is profit slipping through your fingers?

08/20/2015 at 10:36 am

Having a process to detect and manage profit erosion is critical to your construction business. As a project progresses, the original margin calculated can fluctuate, sometimes considerably. Proactively monitoring your jobs in real time and identifying events causing profit erosion will allow you to take action to preserve your profit margin before it’s too late….


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How well do you know your job costs?

04/29/2015 at 4:29 pm

“Running construction jobs without knowing your job costs is like driving blindfolded in a NASCAR race. You’ll surely crash and not like the outcome!” This to-the-point analogy comes from construction business coach George Hedley in an article he recently wrote for Metal Construction News. According to Hedley, “many smaller contractors don’t keep accurate and timely…


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Hayles and Howe: Where ancient art and information technology meet

02/24/2015 at 9:41 am

If you’re a runner, you understand what it means to “hit the wall,” that moment when all your energy is suddenly zapped and you struggle to take one more stride.  Construction companies have a similar moment when they realize that their current software system can no longer keep up with their business needs. Plaster contractor…


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Note: We will not use these e-mail addresses for any other purpose than sending your e-mail.