Browsed by
Category: Construction

Ways to Streamline a Contracting Business

Ways to Streamline a Contracting Business

With change comes growth – sometimes a company needs to adapt to different processes in order to take the business to the next level. With different streamlining techniques, you can make things more efficient in your business. It’s not always a hard task to introduce new methods into your business, especially when the benefits far outweigh the process of learning something new

When you better streamline your business, you will meet deadlines better, faster, and more efficiently. You will also have less conflict by streamlining internal processes – the less people involved or steps, there will be less problems. Lastly, a streamlined process is more accurate especially over time.

Ways to streamline the business:

  • Utilize organizational tools and software – these things will help you manage time and projects and employees can communicate better. You are able to see your project in real time and know when problems occur.
  • Call for less meetings. Too many meetings can waste time and be ineffective. Create a meeting schedule with set times. Try not to have unplanned meetings.
  • Choose durable materials which are longer lasting and endure more.
  • Keep an eye on your team and make sure they are focused and motivated to the end goal.
  • Monitor weather to keep your team and site safe and comfortable.
  • Look for ways to be eco-friendly, whether it’s with less commuting for workers, more durable machinery, sustainable building materials, etc.

How to Get Your Contractor’s License

Working as a contractor is an exciting and rewarding career.

Need a contractor’s license? We can help get you licensed. We are a Florida contractor licensing company. We have helped thousands of contractors across the United States get their contractor license. From plumbing to electrical, we can help get you a contractor’s license. read more

Reasons Why Construction Companies Close

Reasons Why Construction Companies Close

Starting up accompany or even running a company, in any industry is a challenge. With the construction boom, construction companies are bidding hard to get jobs, which means its more challenging than ever to start up in the construction industry. There’s a lot of things that can help you grow your business and there’s a lot that can harm your business.

We wanted to share with you some reasons construction companies go out of business.

  • You didn’t start the business for the right reason. You need to sacrifice a lot of time to run a business and capital. It will be a lot of effort.
  • You don’t have enough capital. You need good cash flow. You need to figure out your budget and daily costs.
  • You didn’t plan well. You need a strategic business plan in place.
  • You didn’t have good management or leadership.
  • You tried to grow too fast. Don’t take on more work than you can handle. You don’t want to do poor work. Don’t be overly ambitious.
  • You didn’t market yourself. You need to get your name out there in the town, on social media, on Google, and more.
  • You didn’t stand out from the competition. You didn’t show your audience why they should choose you over anyone else.
  • You didn’t delegate tasks. You can focus on more important things when you cant off other work to others.
  • You didn’t learn about your competitors. You need to do research on competitors to see how you can get the upper hand.
  • You didn’t properly target your audience.

If you are able to work through these points, you can keep your business running smoothly.

Getting A Contractor’s License

When running a construction business, your workers need to be licensed especially in Florida. They cannot work legally in the state without a contractor license.

We can help get your employees and subcontractors get licensed. We are a Florida contractor licensing company. We have helped thousands of contractors across the United States get their contractor license in all specialties.

We will complete and submit a completed application to the Construction Licensing Board on their behalf. read more

How to Manage Late Payments or Unpaid Invoices

How to Manage Late Payments or Unpaid Invoices

Many contractors and construction companies deal with late payments and unpaid invoices – they will get paid late or not in the full amount. Like with most businesses, it is essential to have this money on time to run your business as a whole. With late or unpaid payments, your business could suffer. Contractors can legally claim their payment for work that was done.

Late or unpaid payments can affect the way your business is run and if your employees get paid. You might not be able to improve the equipment or tools you use if clients don’t pay on time.

So, how should you deal and manage payment issues?

  • Let clients know you have late payment fees upfront.
    • You could start with a 2 percent penalty if the client doesn’t pay within 30 days.
    Review the signed agreement with the client.
    • A contract secures your legal rights and helps with the payment. Review this before the project begins.
    Start negotiating with the client.
    • Discuss concerns with the client. Ask why you aren’t receiving the payment. Come up with a plan for them to settle their debt with you.
    Agree upon a fixed payment schedule.
    • With a schedule, you are listing an exact date payment is due. Both parties must agree.
    Document invoices and other documents.
    • With the right paperwork, you can keep track of what is owed and what has been paid.
    Stay in good communication
    • Always stay on top of communicating with everyone you work with for less mishaps.
    Take the client to court if client continues to not pay.
    • Don’t hesitate to go to court. If the client won’t pay or negotiate, it’s time for a law expert to step in.

    How to Get Your Contractor’s License

    Working as a contractor is an exciting and rewarding career, but it can be stressful when clients don’t hold up their end of the bargain. If you follow the tips above, getting your money on time will be easier.

     

    Need a contractor’s license? We can help get you licensed. We are a Florida contractor licensing company. To start the application process, you will provide us information about yourself, your skills, your background, your testing results, your education, your job experience, etc. We will submit a correct and completed application to the Construction Licensing Board on your behalf. read more

How to Find Quality Subcontractors

How to Find Quality Subcontractors

 

There’s a lot of things that lead to a successful contracting company and projects. Skills, experience, time management communication, and the people you hire. As a contractor, the people you hire, subcontractors, are a reflection of you. You want to hire quality, skilled workers so the project is more likely to be completed on time and within budget.

For this article, we wanted to share with you some ways you can find good subcontractors. There’s currently a labor shortage in the construction industry, so it’s even harder than ever to find good workers.

  • Ask friends, construction friends, construction industry people, and online construction discussion groups about finding workers.
  • Look online through Craigslist and Angielist for people looking for work.
  • Hire a past (good) subcontractor.
  • Ask a past subcontractor for a recommendation.
  • Ask specialty retailors for recommendations.
  • Look on online job boards like Indeed and Monster.

 

When you are looking to hire a subcontractor, there’s some things you should do to help find yourself a better-quality worker.

  • Talk to them and evaluate their communication skills.
  • Take note of your impression of them. Do they give you a good or bad feeling?
  • Ask about their previous work experience, skills, past jobs, certifications, licenses, insurance coverage, references, and a portfolio.
  • Run a background check.
  • Talk to their references to get a feel for their personality, how they worked, and what their skills are.

How to Get Your Contractor’s License

One of the biggest things your subcontractors needs, especially in Florida, is a contractor’s license. They cannot work legally without it!

We can help get your subcontractors licensed. We are a Florida contractor licensing company. We have helped thousands of contractors across the United States get their contractor license in all specialties. read more

The Importance of Liability Insurance and Worker’s Compensation Insurance in Contracting

The Importance of Liability Insurance and Worker’s Compensation Insurance in Contracting

In most states, you need liability insurance and worker’s compensation insurance with your contractor’s license. With insurance, potential clients will take you more seriously, but you will also be protected if accidents or damages occur.

Why is liability insurance important? If a homeowner hires a contractor with liability insurance, he/she will be compensated for any damages on the property caused by bad materials or shoddy work. This insurance can cover the cost of repairs for damages caused by a contractors, it can cover any court judgments and medical/funeral expenses if anyone is injured while working, and it can cover the cost of fixing the mistakes if the contractor fails to meet an expected standard.

Why is worker’s compensation insurance important? Worker’s compensation protects workers by providing wage compensation and medical assistance when on-the-job injuries occur. A homeowner will not have financial liabilities if a worker hurts themselves on his property if the worker is insured. read more