The Cash Flow Contractor 240 - 5 Elements of the Perfect Job (On Time & On Budget)
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Jan 23, 2025 Discover the power of focus in project management and how it influences success. The discussion emphasizes clearly defining project scope for seamless collaboration. Learn the art of effective bidding and the importance of daily team communication for accountability. It also highlights the necessity of meticulous expense tracking to ensure profitability. Lastly, the hosts stress the significance of delegation to prevent distractions and enhance overall efficiency in construction projects.
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Defining Project Scope
- Define a clear project scope by considering how both you and the customer win.
- Outline expectations, deliverables, timelines, and goals to ensure mutual understanding.
Communicating Project Bids
- Share project budget targets with your team, including labor and material costs.
- This transparency helps everyone understand the financial goals and track progress.
Tracking Expenses Simply
- Track project expenses simply, even with basic tools like a notepad or spreadsheet, if software is overwhelming.
- Focus on capturing all incoming and outgoing costs to understand profitability.