Executive Summary: There are no perfect software solutions out there for many industries. Many companies must settle for “close enough” to achieve their control goals. If you have relatively simple needs, considering a custom program may vastly improve your efficiency...
Equipment – Buy, Rent, RTO, RPO, Lease – Which One???
Executive Summary: Construction equipment is a necessary tool to perform many types of construction work. How to acquire the equipment has a significant effect on the financial aspect of a company. There are many options which should be considered when temporarily or...
Inventory Tracking: A Money Saver
Executive Summary Construction companies have inventories that should be managed to improve efficiency and, in turn, improve the bottom line. Consider a mobile solution or at least one that gets away from the clipboard. How it was. My parents ran a small and...
Project Management Triple Constraint
Executive Summary: There’s an adage, fast/cheap/good, pick any two. This relates to the Project Management Triple Constraint. It also has other names like Iron Triangle and Project Triangle. The Triple Constraint. A common teaching in the project management world is...
Cost versus Price
Executive Summary: Cost and price are two different measures of money in a construction bid. Knowing the difference is fundamental and can improve profit. What is cost? Cost is the expense associated with an activity or item. It is just cost. It has nothing to do with...
Two for Today: Taxes and Fuel
Executive Summary: Do two things today to improve your company: (1) check to make sure you are current on your 940 and 941 taxes and (2) make sure you’re reviewing your fuel bill. Confirm you’re current on your 940 and 941 payments. The federal Form 940 is used to pay...