“As I read The Elements of Building, it was as if we were meeting over coffee, discussing the fine points of running a construction business.”

Alex Gromada, Coordinator, Southern Illinois CJAP

Sunday, June 24, 2018

overhead & profit

Every one of the established companies from whom you buy includes overhead and profit in what they sell. How do I know? Because the ones that didn’t are no longer in business. EOB, Money Notes

visit: https://www.facebook.com/The.EOB/
visit: https://houseparts.smugmug.com/
visit: https://eob-mqk.blogspot.com
contract author: eob@dplus.net

EOB is available at Amazon.com and on the Garrett Wade website.

PLEASE LIKE & SHARE THIS POST, THANK YOU


Monday, June 18, 2018

court, negotiation, or arbitration?

When deciding if an issue should be taken to court, negotiated, arbitrated, or let go, ask your lawyer to analyze the legal options, break the strategy into stages, estimate the cost for each, give an opinion about the likelihood of success, and outline what he believes is the best course of action. Although this process will not provide a perfect road map, nor are legal issues the only ones to be taken into account, it will provide some basis on which to make a judgment. EOB, Lawyers Notes


visit: https://www.facebook.com/The.EOB/
visit: https://houseparts.smugmug.com/
visit: https://eob-mqk.blogspot.com

contract the author: eob@dplus.net

EOB is available at Amazon.com and on the Garrett Wade website.

PLEASE LIKE & SHARE THIS POST, THANK YOU

Sunday, June 10, 2018

subs

Contractually require subs to obtain, pay for, and comply with all permits and inspections. And require each sub to meet their trade’s inspector on-site if someone must be present. If you or a foreman are going to be there, you might do the sub a favor and meet the inspector, but as standard procedure the trade is responsible for meeting inspectors and taking care of any issues that arise from the inspection. From EOB, Subcontractor Section, Contract Notes


visit: https://www.facebook.com/The.EOB/
visit: https://houseparts.smugmug.com/
visit: https://eob-mqk.blogspot.com

contract the author: eob@dplus.net

EOB is available at Amazon.com and on the Garrett Wade website.

PLEASE LIKE & SHARE THIS POST, THANK YOU


Monday, June 04, 2018

marketing

Do not slow or stop marketing in anticipation of winning a job. Projects fall through for a thousand reasons and often at the last minute. If marketing has been slowed or abandoned, the damage from the loss of that job will be even worse. Further, if you become entirely dependent on a specific job, you may agree to unfavorable contract terms because you can’t afford to lose the work. If marketing brings in too much work, tighten your qualifications or explain that you cannot take on more work at that time. This is a much better problem to have then struggling to find work at the last minute.  EOB, Builder Notes: Business Strategies

visit: https://www.facebook.com/The.EOB/
visit: https://houseparts.smugmug.com/
visit: https://eob-mqk.blogspot.com

contract the author: eob@dplus.net

EOB is available at Amazon.com and on the Garrett Wade website.

PLEASE LIKE & SHARE THIS POST, THANK YOU

Sunday, May 27, 2018

pre-construction products

Do not give away your pre-construction products to potential customers. This includes estimate line item details, specifications, material take-offs, subs and suppliers, schedules, and ideas. Some people are educating themselves at your expense and will use as much of your time and all of the information you give them without ever using you. Design your sales process so that clients sign a contract before receiving this information. EOB, Customer Notes

visit: https://www.facebook.com/The.EOB/
visit: https://houseparts.smugmug.com/
visit: https://eob-mqk.blogspot.com

contract the author: eob@dplus.net

EOB is available at Amazon.com and on the Garrett Wade website.

PLEASE LIKE & SHARE THIS POST, THANK YOU

Sunday, May 20, 2018

the problem with bidding

A few companies may win 30% to 40% of the bids they submit. Most don’t even get that. Put another way, companies fully committed to bidding waste 60% to 70% of their considerable effort in failed bids. And, because so often it is the company that shaved margins or made the biggest mistake that wins the job, often there is no profit left in these jobs anyway. EOB, Bidding. 

visit: https://www.facebook.com/The.EOB/
visit: https://houseparts.smugmug.com/
visit: https://eob-mqk.blogspot.com
contract the author at: eob@dplus.net

EOB is available at Amazon.com and on the Garrett Wade website.

PLEASE LIKE & SHARE THIS POST, THANK YOU




Sunday, May 13, 2018

the business of building

"When opening a small construction business, management skills are as important as trades skills, and they quickly become more important. . ." from EOB

To my knowledge there are no schools turning out tradesmen with business skills. There are trade schools for the various trades and many folks working for a company will learn a trade, but neither teach about the business of building. There are tens-of-thousands of small building companies around the US—plumbing, carpentry, roofing, electrical and so on—and countless numbers of them fail every year not because they are not good tradesmen, but because they don't have business skills. The Elements of Building was written to help you understand what is required and then how to apply it to your business.

visit: https://www.facebook.com/The.EOB/
visit: https://houseparts.smugmug.com/
visit: https://eob-mqk.blogspot.com
contract the author at: eob@dplus.net

EOB is available at Amazon.com and on the Garrett Wade website.

PLEASE LIKE & SHARE THIS POST, THANK YOU