How does your building company compare to the rest of the industry? Are you adding more or less profit than your competitors? Are you paying yourself a ...
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A lot of residential builders believe that the best way to price a project is by adding a percentage, or even a dollar figure to the total cost of ...
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A common mistake that is made by builders when pricing a larger than normal project is to reduce the margin percentage after looking at the gross profit ...
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In 2007 I attended an annual conference for a franchised building company. One of the speakers at the conference was a master franchisor from New Zealand ...
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How much margin should builders be adding to their projects? 15%, 20%...25%? It’s a question that has both divided and confused the industry since the ...
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We’d always been baffled by the huge amount of bad debt that racked up by building companies that went into receivership. In theory, if they paid their ...
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With 75% of residential building companies operating on net profit margins of less than 3% while dealing with rising construction costs of 25%, it’s no ...
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95% of accountants in Australia do not understand how to prepare financial statements for a construction company… However, it’s not entirely their fault… ...
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The recent building company collapses have shattered the myth that the big companies are stronger and more likely to be in a position to ride out the ...
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How much working capital do you need to run a building company? How much cash should you hold in reserve? …And can you have too much cash in a business? ...
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