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Change orders are a crucial part of construction contracts, but do you know how they work? In this episode of ProfitDig Live, professional construction Project Manager, Jeff Spencer, breaks down what a change order is, when you need one, and how to handle them the right way. Whether you're adding work, removing scope, or dealing with unexpected site conditions, understanding change orders will help you protect your bottom line. Learn the process, avoid common pitfalls, and make sure you get paid for the work you do!
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What happens when bad weather slows down your job site? 🏗️❄️ In this ProfitDig Power Tip, Chris Work and Jeff Spencer break down what new contractors need to know when weather delays hit. From checking your contract for allocated weather days to handling change orders before you get hit with liquidated damages, we've got you covered.
Key Takeaways:
✔️ Always review your contract for designated weather delay days
✔️ Communicate with the GC or project manager if you’re nearing your limit
✔️ Stay ahead of liquidated damages with timely change orders
Don’t let a little snow shut down your business! Check those contracts and stay ahead of the game.
From ProfitDig - easy job bidding and costing for construction contractors. Visit https://www.ProfitDig.com now.
#ConstructionTips #WeatherDelays #ProfitDigPowerTip #ContractorLife #ConstructionManagement -
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In this discussion, based on Chapter15 of our book, Digging for Profit: Secrets to Success in the Construction Industry, the guys talk about what size projects you should pursue for your business, which is based on many factors.
Another helpful video from ProfitDig - easy job bidding and costing for construction contractors.
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The guys talk about what they expect for the economy and the construction industry now that Trump has won the presidency.
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The ProfitDig guys talk about how to have a successful career in construction. Construction can provide a great life for you and your family, but it can also bury you if you make the wrong mistakes. You career will begin by working for another contractor, where you will get paid to learn. If you are a hard worker, you will have an advantage right from the start. Make sure you leave a good impression wherever you go and whatever work you do. Also be aware that you need multiple years of hands-on experience in the field before you will be ready to go out on your own. You must have a willingness to work and a willingness to learn. Go above and beyond what you are asked to do. You can progress your career from labor to skilled labor to foreman to supervisor to project manager if you follow this advice from Jeff Spencer.
From ProfitDig - bid jobs, track costs, make more money. Easy! Sign up today at https://www.profitdig.com and save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
Our viewer, @Anouyz asked: "I'm looking to get into some equipment. I do smaller scale rough stonework patios drystacked walls, etc. Do you think I should go for a skid steer to get the ability to move and load material, while also having a set of forks to move pallets? Or do you think a tractor is better investment to allow me to get a backhoe as well?"
Our resident expert, highly experienced construction Project Manager, Jeff Spencer, gives his advice.
Hint: Buy the skid steer!
From ProfitDig - easy job bidding and costing for construction contractors. Visit https://www.ProfitDig.com. The all new and improved version 3 launching soon! -
Jeff Spencer discusses how RPOs ("rental purchase options") are a great way for contractors to acquire the equipment they need while still maintaing flexibility. These agreements allow you to apply rental payments to the purchase of equipment - thus, you still have the ability to turn the equipment in if it is not needed, but still purchase it if so desired. Some equipment companies will even give you 100% of your payments toward purchase, or it may be less than your full payments. Jeff also talks about the importance of having a good relationship with your equipment companies.
From ProfitDig - bid jobs, track costs and make more money with ProfitDig. Sign up at https://www.profitdig.com. Save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
ProfitDig's Jeff Spencer, a highly experienced construction project manager and company owner, discusses renting versus buying equipment, especially for new contractors. Jeff advises that you own your smaller tools and equipment, But heavy equipment is extremely expensive. Renting equipment gives you the flexibility to turn a piece of equipment in if you no longer need it or don't have any work for it. Buying it, on the other hand, ties you to that bank note. A new contractor starting out has no backlog. As you build up a backlog of work (at least six month), then it may be time to consider purchasing some of your equipment. As your backlog increases, you can gradually buy more of your equipment.
Take your business to the next level with a Web-based tool that makes it much easier to create and submit professional quality bids, and then track your job costs down to the line item. Visit https://www.profitdig.com and try it out today! -
A peak into a conversation between Josh Young. Jeffrey Washington and the ProfitDig guys about making it an independent contractor. It's not easy getting started, and they talk about things they have had to do along the way to generate income to get their businesses off the ground. A fascinating look into the lives of men who are dedicated to growing successful construction businesses.
From ProfitDig - bid jobs, track costs and make more money with ProfitDig. Sign up at https://www.profitdig.com. Save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
Josh Young, with Young's Construction, and Jeffrey Washington from NK2 Home Solutions, home improvement contractors in Middle Tennessee, discuss customer relation strategies to make sure their customers are happy and come back for repeat business. If you are an independent contractor, you will get some ideas from this video!
From ProfitDig - bid jobs, track costs, make more money. Easy! Sign up today at https://www.profitdig.com and save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
Continuing our conversations with Josh Young (Young's Construction) and Jeffrey Washington (NK2 Home Solutions), we discuss the need in certain counties for having a home improvement license that allows you to do much bigger jobs. Licensing exists for a reason. Bonding allows you to get your home improvement license. Bonding covers the client in case the contractor is unable to complete the job. When should you pursue licensing and bonding? What do you need to know about it? Listen to these professionals talk about it and find out!
Another fascinating interview from ProfitDig! Bid jobs, track costs and make more money with ProfitDig. Sign up at https://www.profitdig.com. Save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
Josh Young, with Young's Construction, and Geoffrey Washington from NK2 Home Solutions, who are good friends while also competing in the same market, talk about their history together and how they are able to help each other build more successful businesses - sharing contacts, tools, collaboration and more. Washington describes it as "collaboration over competition." If you are a local home improvement contractor, you should definitely give this a watch!
From ProfitDig - bid jobs, track costs, make more money. Easy! Sign up today at https://www.profitdig.com and save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
Successful entrepreneur, Jeremy Perkins, author of the Amazon best-seller "The Entrepreneurs Intervention: The 12 Steps to Business Recovery", has experienced wild swings in his business career - from being broke millions in debt to now owning multiple companies generating millions in annual revenue. How did he do it? How does he run so many businesses? Listen and learn from Jeremy's amazing story. You may just find the inspiration to turn your own business career around!
From ProfitDig - bid jobs, track costs and make more money with ProfitDig. Sign up at https://www.profitdig.com. Save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
Entrepreneur Jeremy Perkins explains the idea of "spec homes" and "custom homes." He describes his business structure, which includes rental houses, home building and storage. He explains the difference between "slow money" and "fast money" - he gets paid every week on some projects, which helps him maintain cashflow for slower paying, larger projects. He explains that he pays his contractors much more for his custom homes because of the quality of the work. If you dream of being a successful home builder, you would do well to learn from a master like Jeremy Perkins!
Take your business to the next level with a Web-based tool that makes it much easier to create and submit professional quality bids, and then track your job costs down to the line item. Visit https://www.profitdig.com and try it out today! -
Successful entrepreneur, home builder and author Jeremy Perkins, talks about the mistakes he made and bad life decisions that led to losing his business before turning it around. As Jeremy explains, he was addicted to business the same way some people are hooked on drugs, which led to a wreckless lifestyle. He talks about how he turned his life around, and the lessons that inspired him to write his book, The Entrepreneurs Intervention. You will definitely learn some lessons from this fascinating conversation!
From ProfitDig - bid jobs, track costs and make more money with ProfitDig. Sign up at https://www.profitdig.com. Save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
Entrepreneur and author, Jeremy Perkins, is a successfull Middle Tennessee home builder specializing in high end custom homes. He is also in the storage unit business and is a best-selling author on Amazon.com. In this video, he sits down with the ProfitDig guys to discuss the highs and lows in his career. Like many successful entrepreneurs, Jeremy's lows have been very low...and the highs very high. Listen in on this fascinating discussion with this successful home builder and see what wisdom you can glean.
Take your business to the next level with a Web-based tool that makes it much easier to create and submit professional quality bids, and then track your job costs down to the line item. Visit https://www.profitdig.com and try it out today -
Scott Miller is the General Manager of Operations for the Water Authority of Dickson County, which is part of the Nashville Metropolitan Statistical Area, one of the fastest growing regions in the country. Scott talks about the challenges in getting water taps installed and keeping up with customer demand in light of that rapid growth. As Scott explains, in his situation, the infrastructure and permitting situation is well-equipped to handle the growth. However, construction of capital improvements has to be planned years in advance. As opposed to water supply, waste water is a bigger challenge. Someone in Scott's position must have forsight to account for future demand.
Another fascinating interview from ProfitDig! Bid jobs, track costs and make more money with ProfitDig. Sign up at https://www.profitdig.com. Save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
Scott Miller is the General Manager of Operations for the Water Authority of Dickson County, so the man knows ALL about how municipal and county water systems work. Scott started out as a manual laborer and worked his was up to running an entire multi-county water system. Listen in as he explains everything from how government lobbying for his industry is done to how clean water is delivered to your home. The purpose of the Water Authority is to provide clean water and, in some cases, collect sewage back, which is cleaned and re-released (a process called "distribution and collection"). For those interested in a career in water distribution, Scott discusses various certifications and career paths.
After watching this video, you'll feel like you are an expert! This is great knowledge to have for contractors involved in laying water and fill lines.
From ProfitDig - bid jobs, track costs, make more money. Easy! Sign up today at https://www.profitdig.com and save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
Josh Young, with Young's Construction, talks about the things he is doing to build his home remodeling business. ProfitDig's Jerry Work, a marketing professional, also gives some tips. If you are seeking to build a local business providing construction-type services, you will definitely learn something here! It's not hard, but many of your competitors will not even do these basic things, which could give you a distinct competitive advantage.
Bid jobs, track costs and make more money with ProfitDig. Sign up at https://www.profitdig.com. Save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). -
Handyman / home remodeler, Josh Young, talks about the difference between new construction and remodeling and the work he is doing to build his own business. He talks about the problem with modern pressure-treated wood, which does not provide as much longevity as it used to, and how different construction techniques should be used to minimize moisture contact with the wood. His focus is on things he is doing differently with regard to the construction of decks. He also discusses regional difference which affect how decks and other structures should be built. The guys also talk about how often decks should be treated, and why painting a deck is a bad idea.
From your friends at ProfitDig - job jobs, track costs, make more money. Made for construction contractors like you. Sign up today at https://www.profitdig.com and save 50% off your first 3 months with coupon code 50off (no contract, cancel any time). - Se mer
