225 - 10 Ways to Boost Profit with Small Changes
The Cash Flow Contractor
Optimizing Labor and Inventory Management
This chapter explores strategies for effectively managing labor and inventory in contracting businesses, stressing clear communication between estimators and workers for better project outcomes. It highlights the significance of incentivizing teams through performance-based pay structures and emphasizes the need for proper documentation and management of change orders to prevent disputes and financial issues. The discussion also focuses on the necessity of accurate job cost accounting and the use of software tools to maintain updated bids and improve profitability.
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