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Inventory Tracking: A Money Saver

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...

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Project Management Triple Constraint

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...

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Cost versus Price

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...

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Two for Today: Taxes and Fuel

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...

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