Blogs
Do your employees understand how important good client relations are? Construction companies are always searching for new projects to bid on. You examine bidding lists, visit potential clients, and even advertise. But an important source of new construction projects are your existing clients. Your existing clients not only could have further projects for you to […]
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Many of us have ordered items through Amazon, eBay and other on-line stores. Sometimes we receive items that are the wrong size – which might be our fault because we ordered the wrong size, maybe we were over optimistic, perhaps we got confused between US, UK and European sizes, or possibly the item is smaller […]
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Are you paid on time? Do you pay timeously? Late payments are the bane of the construction industry hurting many companies. Some major multi-national mining companies pay their suppliers and contractors 90 days after invoice. Even large contractors habitually pay their subcontractors and suppliers at 60 and even 90 days. Wow, they must be nuts! […]
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We all wish and hope for a successful and prosperous project but are often disappointed when things don’t turn out as we hoped for. How can you influence events so your construction project is more successful? Here are some simple actions which will add immeasurably to your project’s success without requiring much extra effort. Poor […]
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Most contractors hire construction equipment. Unfortunately many make simple mistakes which result in the equipment costing more than expected. I’m sure some contractors have even found an item of hired equipment forgotten at the back of a store at the end of the project – the hire costs which they’ve paid for the item may […]
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Negative cashflow probably causes more construction companies to run into financial trouble (leading to their closure) than any other cause. Even a profitable construction project can cause a company financial problems if the cashflow is negative. Negative cashflow is when the contractor is paying money to suppliers, equipment hire companies and subcontractors, or in wages […]
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A construction project’s success is frequently judged on whether it’s finished on time and came in under budget. But are these the only criteria for judging a project’s success? Many construction projects are finished late and they’re over budget. But even when projects are finished within budget and on time are they a success? Well […]
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Contractors and subcontractors play an important part in the success or failure of construction projects. It’s therefore vital to ensure that not only is care taken to select the right contractor, but also to ensure that the contractor is managed correctly. Unfortunately often contractors are selected only on the basis of price – the contractor […]
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Do your subcontractors really understand what is expected of them? Many readers will say, ‘of course yes, it’s spelled out in our contract document.’ But, are you sure? Several months ago the neighbours across the street engaged a contractor to do renovations on their house. One Saturday at 6.45am the neighbourhood was awoken by loud […]
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It’s been 6 weeks since the lockdowns were announced in Australia (Week of 29 March 2020); and we have seen a massive transition in the way that we live our lives, the way that we go about our business, and we also consider what the future holds for us. When the lockdowns kicked in – […]
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