Expert Columns: Page 112

Management
CFA Helps Members Manage Total Cost of Risk (TCOR)
Arthur J. Gallagher & Co.
Managing risk and insurance is always in the top three expenses for a contractor and is much more than just purchasing an insurance policy. The deceiving part about purchasing insurance is that the only visible number is the premium.
CONC0815 CFA Chart 55ccc9dda8045
Management
Construction Contractors Must Remove Poor Performers to Increase Bottom Line
Construction Business Coaching
Re-evalute your construction crews and remove any poor performers who are bringing down their co-workers, you company and your bottom line
When you don’t remove or clean out poor performers, other employees have to put up with them, work around them, cover for them, and make excuses for them. Additionally, your good employees lose respect for a boss who won’t do what’s right in a timely manner and accepts less than the best from his people.
Management
Credit Conditions Ease for Equipment Buyers
GB Financial Services, LLC
Equipment financing is now readily available, but come armed with information to keep it on track.
Expert Columns
Out of Plumb May Not Mean Damaged and Unsafe
Concrete Foundations Association (CFA)
The Concrete Foundations Association explains the process of reviewing tolerances and considering the integrity of a properly built foundation wall and discusses cracks in an out of plumb wall following a backfill operation.
Pictured here is a foundation fully backfilled without a top connection in place. Short walls, corners, offsets and a yard wall provide stability for the backfill before the top connection is in place.
Expert Columns
Slabs-On-Ground: Slab Thickness and Base Tolerances
KB Engineering LLC
Slab thickness is the greatest single factor controlling the load-carry capacity of a slab-on-ground.
Bases for slabs-on-ground must be smooth, hard and compacted.
Expert Columns
Strengthen Your Construction Company's Strengths to Gain Competitive Advantage
The Contractor's Business Coach
Figure out your business's strengths, systematize them and then press that competitive advantage into the marketplace
A common mistake made by most people and by most companies competitively is to focus all of their improvement efforts on strengthening their weaknesses. Really smart individuals and companies realize that focusing on their strengths is a much wiser course of action.
Expert Columns
How Passing Along Costs Savings to Customers Can Harm Construction Contractors' Bottom Lines
Construction Business Coaching
Always passing along the entire costs savings from material prices or subcontractor bids can actually hurt a contractor's bottom line
Think about how you price work and sell your services. Bidding with the cheapest price you buy materials for is not always the best way to approach your customers. Want to make more money? Decide how you will estimate your jobs based on what your customer is buying.
Expert Columns
Don’t Sell Yourself, or Your Construction Business, Short
GB Financial Services, LLC
When the time comes to move on, make sure you get the value you deserve from your construction business.
Expert Columns
Why Construction Work-In-Progress Reports are Essential for Profitability
The Contractor's Business Coach
Accurate WIP reports tell you if jobs are over- or under-billed and cash positive or negative, and warn when you’re headed over budget. Here's how to do it right
Stock Predictive Analytics
Management
The Right Way to be the Lowest Bidder on Construction Projects
Construction Business Coaching
An original bid proposal should be for the bare minimum required by the bid documents to keep pricing lower and help get that first important meeting
Keep your original bid to the bare minimum to help get that first meeting. At the meeting, discuss every option to upgrade the project, improve the quality of materials, add-on additional items, or present prices for things required to fill the gaps and complete the work.
Expert Columns
Innocent Until Proven Guilty: Unless You’re a Contractor
American Society of Concrete Contractors (ASCC)
Management
3 Problems with Using Incentives to Motivate Construction Employees
The Contractor's Business Coach
Bribing employees with money to motivate specific behaviors can be a dangerous path for construction contractors
Perhaps the biggest problem with using money to motivate desired behavior is that it leads to employees paying a lot of attention to a specific task or goal and does so to the harm of other duties and objectives.
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