7 Ways to Stop Bleeding Profit From Your Jobs

Contractor Success Forum

Many contractors aren't making what they should on their jobs. Even if you've got your bidding down, you may still be bleeding profits. What are the things to look for and what can we do about it? Find out on this week's episode.
Topics we cover in this episode include:

• Don't get burned by change orders
• Make sure you're billing everything you have the right to bill
• Double check the math on your bids
• Get on top of your job costing and make it as real time as possible
• Streamline and actively manage your supply chain
• Put systems and workflows in place so critical steps are not missed
• Adopt lean construction principles

LINKS
Visit the episode page at https://carpentercpas.com/bleed for more details and a transcript of the show.

Find all episodes and related links at ContractorSuccessForum.com.
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Luvut

1. 7 Ways to Stop Bleeding Profit From Your Jobs (00:00:00)

2. Don't get burned by change orders (00:01:14)

3. Make sure you're billing everything you have the right to bill (00:04:15)

4. Double check the math on your bids (00:05:25)

5. Get on top of your job costing and make it as real time as possible (00:07:43)

6. Streamline and actively manage your supply chain (00:09:01)

7. Put systems andz workflows in place so critical steps are not missed (00:11:11)

8. Adopt lean construction principles (00:14:43)