Noted, Thank you for the feedback!

Absolutely, and also great internal processes. By improving profit margins, you have the money to reinvest in your team and your marketing. We go into more detail in our new blog: www.theaspireinstitute.com/blog/are-you-leaving-money-on-the-table-with-every-job Adopting these principles in your remodeling or custom home business can significantly boost your construction profits. By moving away from simply chasing more jobs and instead focusing on profit margins, you'll work smarter, not just harder. Implementing a margin-based pricing system and thorough cost estimation, including often-overlooked expenses, will help you bid more accurately and maintain better profits on each project.

You can read more about improving Construction Profit Margins in our article: www.theaspireinstitute.com/blog/are-you-leaving-money-on-the-table-with-every-job

Bump the percentage my man

@@Koiyo16 yep, that's obvious 😄 was looking for a more calculated response

Over charge more

At Aspire, we partner with exceptional construction business owners who prioritize their employees' well-being. By improving profit margins, these owners invest in comprehensive health coverage, competitive salaries, performance bonuses, and profit-sharing programs. They also allocate resources for crew training, professional development, and equipment upgrades. It's a privilege to work with such forward-thinking, compassionate professionals.

"Protecting your margin" isn't about cutting corners, but about reducing inefficiencies. The business owners we work with at Aspire use increased profit margins to benefit their entire team. They offer fully paid health benefits, increase salaries, implement bonus structures and profit sharing, and reinvest in training and equipment for their crews. This approach allows them to improve quality while creating value for employees, customers, and the business. We're fortunate to work with construction business owners who understand that efficiency benefits everyone involved.

GCs have many terms for this process: Professional Services Agreement, Pre-Construction Agreement, or Design Agreement, etc. By investing time in guiding clients through this process, contractors can truly elevate the construction industry. By helping clients understand the importance of careful planning and accurate estimates, we're empowering them to realize their dream projects. This collaborative approach not only ensures a smoother project experience but also fosters stronger relationships between contractors and clients.

@@theaspireinstitute631 I agree 100%. The problem I'm finding is that people have a hard time seeing the value in a service such as the one we speak of. There's so many hackers out there and clients/customers don't know the difference.

We are glad our video could provide you a little chuckle, Adam. While a single video might not revolutionize someone's approach, even small steps can spark a change that leads to big results.

@theaspireinstitute631 I agree and I also apologize for being a smart a$$. Lol! We all have "those days". Keep making content man, yall are definitely helping folks out!

🤣

​@@AdamTheCarpenter No apologies needed - It was funny! You are right; there is a lot more to the conversation about construction profitability! I just posted a blog explaining more about shifting from Markup to Margin. I am working on putting out at least one blog a month for our company (Aspire, obviously LOL) to keep information flowing that will hopefully improve the lives of GCs.

Very true; for small projects under a few thousand dollars Pre-Construction Agreements do not make sense. When building or remodeling a new home, PSA's have a variety of valuable and unique benefits to the GC and homeowner, such as defining the project's specifications, ensuring that all aspects of the design, materials, and finishes are clearly defined and agreed upon by both parties (also allowing the GC to preorder finishes ensuring they arrive on time AND that they are not back ordered so the client gets what they want). With a PSA, the GC has the time to itemize all anticipated costs, including materials, labor, and overhead expenses, for transparency. PSAs also help homeowners understand the financial scope of the project and avoid unexpected expenses down the line; setting clear and realistic timelines for the homeowner, crew, and subs and having the full scope of work up front helps the crews work more efficiently and reduces those dreaded change orders for the homeowner. For a new home or residential remodel project, PSAs are a no-brainer.