Managing Profit

Best practices and industry guides to help those who need to know with managing their profit

  • 4 Problems With Underbidding

    4 Problems With Underbidding

    Sometimes you need a project. Whether your shop needs a quick bit of cash to make it through the month or you have some downtime and feel like you could fit in another job, getting that extra...

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  • 5 Things to Remember When Writing a Competitive Bid

    5 Things to Remember When Writing a Competitive Bid

    On average, companies normally close on a mere 10 - 20% of bids! So staying competitive as a construction estimator is an important but ongoing challenge. You need to be affordable — yet realistic.

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  • Ways to Understand Labour Costs In Your Estimates

    Ways to Understand Labour Costs In Your Estimates

    Accurate estimating is a must in the construction industry. You need good estimates of the costs involved in any project on the table in order put in a realistic bid.

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  • How Construction Asset Management Supports Success

    How Construction Asset Management Supports Success

    For project managers in construction, it seems there are always a hundred different ways you could improve your workflow. But, actually making a change and dealing with the disruption that can...

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  • How to Master the Takeoff In Construction Estimating

    How to Master the Takeoff In Construction Estimating

    Before an estimator can bid for or start a project, they need to know the types and quantities of different materials they will need to complete it. This ensures a proper estimation of the costs...

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  • 10 Construction projects that broke the bank!

    10 Construction projects that broke the bank!

    Far from being the first project that’s cost the earth, Garden Bridge is just the latest in a long line of ventures that broke the bank. Here we take a look at ten of history’s costliest buildings.

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  • Reducing the Risk in Estimating

    Reducing the Risk in Estimating

    Almost all of the major concerns held by business managers are about risk. Download our white paper and learn how you can reduce the risk in your estimates.

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  • How to Add Value to Your Estimates With Value Engineering

    How to Add Value to Your Estimates With Value Engineering

    For today’s estimators, value engineering shouldn’t just be a requirement – it should be a priority. Download our latest guide to discover how you can add value to your cost estimates.

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  • Five ways to build return business

    Five ways to build return business

    Return business is good for your bottom line and is therefore important to you. Use this list to give your operations a check-up and highlight any areas that need to be adjusted.

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  • Harness The Power of Digital Product Information

    Harness The Power of Digital Product Information

    Product information is a key element of the marketing mix for manufacturers of MEP products. So how can MEP manufacturers harness the power of digital product information to drive sales?

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  • How To Get Out Of The Red After Implementing BIM

    How To Get Out Of The Red After Implementing BIM

    The bottom line with BIM is you have to speculate to accumulate. However, it’s not immediately obvious how to make the steps towards achieving ROI and maximizing the benefits of BIM.

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  • Boosting Business with buy-In BIM

    Boosting Business with buy-In BIM

    One of quickest and fail-safe ways for businesses to break the BIM barrier and visualise the long term benefits without being blinded by technology is to buy-in BIM expertise and services.

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  • Rapid ROI after BIM implementation

    Rapid ROI after BIM implementation

    BIM. Everyone’s heard of it and the majority of North American MEP contractors have leveraged it. However some remain unconvinced as to whether BIM adoption will ever deliver a measurable ROI.

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  • Seven ways to cut costs on construction projects

    Seven ways to cut costs on construction projects

    Wastage and excess expenditure are the onsite nightmare of everyone involved in the construction process. Here's 7 ways you can keep overspend in check and complete projects on time and within budget

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  • BIM: For Pleasure & For Profit

    BIM: For Pleasure & For Profit

    BIM. You’ve probably heard the hype. The conflicting points of view. Park everything you have heard for the next few minutes whilst I unpick the hyperbole and try to make some sense of the madness.

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  • Is your business suffering from an estimating skill shortage?

    Is your business suffering from an estimating skill shortage?

    In these challenging times, with tight margins, getting your estimate right is absolutely essential to your business. Time pressures and a lack of skilled people can exacerbate the problem.

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  • Managing Change Orders is Critical to Your Success

    Managing Change Orders is Critical to Your Success

    Estimating a job properly is very important, but managing a project and properly documenting changes is absolutely critical to a company’s overall success. Here are 3 steps for managing change orders.

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  • Using Robotic Total Stations to drive down the cost of construction

    Using Robotic Total Stations to drive down the cost of construction

    Robotic Total Stations (RTS) are common use across the United States. So why, despite the improved efficiency, enhanced accuracy and reduced labour costs, are the UK still relying on outdated methods?

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  • Estimating: Do you play to your strengths?

    Estimating: Do you play to your strengths?

    You/your team members are likely to be very experienced in some areas, and less so in others. Check out our tips on playing to your strengths when it comes to avoiding costly errors in your estimates.

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  • Do you manage last-minute estimating changes effectively?

    Do you manage last-minute estimating changes effectively?

    Last minute changes to estimates, or those made in a hurry, are a risk to your business. Here are a few tips to help you to think about ways to reduce the risk that last minute changes can pose.

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