As a contractor, your business thrives because your work is free from errors. Costly construction defects are anathema to reputable contractors whose reputation rides on their finished work.
Disgruntled clients come with the territory for contractors. While the majority of your clients will be well-satisfied with your building efforts, a small subset of your customers may seem to never be satisfied with the quality of your work.
Very few companies or individuals are able to donate their services gratis. Most general contractors (GC) and subcontractors need to show up on the clock and await payment. But a problem arises when there is too much delay between work performed and payment rendered.
As a contractor, do you ever feel as if you are wearing too many hats? You may want to remain fully involved in all aspects of your thriving business, but are you doing yourself a disservice with this approach?
Contractors who are also business owners frequently find themselves wearing many different hats. They must be ready to go out into the field and inspect the project underway, but they must also be able to play the role of administrator of their contracting businesses. When a disgruntled client complains about a problem, they have to also be able to quickly and civilly respond to the situation.
As Labor Day weekend dawns in South Florida, Hurricane Dorian continues to bear down on the eastern coastline. This certainly is a storm capable of wreaking much destruction to our area, and there will likely be extensive repairs and rebuilding needed in its wake.
It's essential to a contractor's business model to subcontract work to other local builders. No single contractor can manage to wear all the hats that are demanded on a busy home construction site.
Contractors often face situations where they wind up as defendants in lawsuits. Litigation that arises from job disputes, whether they are with the clients, workers or subcontractors, can be both burdensome and costly to defend.
The bigger the construction project on which you embark, the more opportunities there are for something to go wrong somewhere down the line.
Proper management of your crew is essential to your construction company's bottom line. But because you can't be everywhere at all times, you have to make sure that you hire the right people for supervisory positions.