Bid Shopping and How Your Contracting Business Can Avoid It

When property owners look for a contractor for a project, they are often searching for the lowest price. So it’s not entirely surprising that, on occasion, you might interact with a property owner or a contractor who reveals another contractor’s bid in an effort to get you to lower yours. This concept is known as … Read more

5 Things to Do Before Starting a Contracting Business

When you start researching the various things you need to start a contracting business, you might be surprised by the simplicity. In fact, you don’t need a degree in business or years of experience handling money to get started. But there are a few things that you should make sure you’ve done before you open. … Read more

Collaborating with Third Parties in Your Contracting Business

On a regular basis, you may need to work with other professionals who aren’t clients, employees, or subcontractors. For example, you may need an inspector to provide approval before you can move on to the next stage of construction. These interactions can be simple and quick, but sometimes they’re full of conflict. The good news … Read more

5 Ways to Be a Good Contracting Business Owner

One of the reasons people like small businesses is that they are unique. There’s a lot of opportunities to provide a one-of-a-kind service, when you own a small business. Of course, there’s a lot of unpredictability or inconsistency that can happen with small businesses, and it isn’t always a good thing. If you do these … Read more

How to Handle Price Hikes in Your Contracting Business

The longer you work in the construction industry, the more you’ll understand the changes in supply pricing. Periodically, you’ll notice a steep rise in the cost of steel, lumber or other materials you need on a regular basis. At times, you’ll need to consider raising your own prices. Here are a few factors to remember … Read more