5 Ways Contractor Business Owners Can Manage Stop-Work Orders

contractor business

At least this time, you recognize the clues:

  • Business hours of operation are more tightly controlled.
  • Curfews are put back in place.
  • Gatherings of more than 10 people are legally prohibited in some areas.
  • Restaurants’ hours are restricted.
  • Schools return to virtual classes only.

Your city or county is about to enforce a lockdown that will impact your construction contractor business.

Contractor Business Owners Can Prepare

Because safety is a priority, promptly adhering to stop-work requests is important. But if you see it coming, you can “make hay while the sun shines.”

To prepare your contractor business for another pandemic-related work stoppage:

  1. Accelerate timelines – Normally, overtime costs are wasteful. But these are not normal times. Finishing a project ahead of schedule when a shutdown is looming may be better management of time and money.
  2. Be prepared – Keep project progress documentation up-to-the-minute if possible. Take photos to verify completion percentages.
  3. Do what you can – You can get materials delivered now and store them. When work begins again, you won’t be waiting for deliveries. Keep your project alive.
  4. Maintain interactions – Include subcontractors in virtual meetings during the shutdown. When they maintain a connection to your project, they’ll be less likely to seek work elsewhere.
  5. Secure assets – Photograph equipment that will be left onsite and winterize if you’re in a part of the country that has extreme winter weather.

Construction writer Joe Bosquin says you can use downtime to prepare your construction contractor business for the big boom that’s coming. And the anticipated work increase poses yet another challenge for 2021.

Business Leads for Your Construction Contractor Business

A construction industry boom may be forthcoming, but that doesn’t mean you should sit back and wait for it to happen. Now is the best time to begin developing leads for your construction contractor business development.

Use the information available from Construction Monitor data to ensure you’re in a position to get the jobs you want with the profit margin you need.

Contact us today to learn more.

Future-Proof Your Contractor Business

contractor business

If nothing else, 2020 verified what most of us already knew:

  1. Construction is an essential business.
  2. You can’t predict the future.

If you have a construction contractor business, here are some tips to protect yourself from future surprises. For Construction Pros calls it “future-proofing your business.”

What Your Contractor Business Can (and Can’t) Control

There’s nothing you can do to control the global economy. A contractor business may not be able to influence global politics, but it can up its game technologically.

BIM + ERP = Greater Profits

Building information management (BIM) and enterprise resource planning (ERP) are software technologies that are perhaps used in your contractor business to manage financials and human resources. But when working together, they can deliver much more.

ERP empowers companies to predict project performance, lower costs, and deliver projects on-time “at a high quality and with minimum risk.” But it needs data to make this happen.

Implement IoT for Servitization

“Servitization” is a transformation journey, said Cambridge’s Andy Neely. It’s developing the capabilities you need to provide services and solutions that supplement traditional product offerings.

A servitized arrangement puts you in a partnership with the project owner. It increases your risk but the Internet of things (IoT) can be used to track performance and increase compensation.

Utilize Off-Site Construction

What’s not to like? Off-site fabrication makes better use of labor and materials. It lowers costs, makes timelines more attainable, and a contractor business doesn’t have to work around the weather. We may see an increase in materials’ and parts’ standardization.

Secure the Future of Your Contractor Business

Transformational technologies are basically software programs that enable new opportunities. Construction Monitor provides transformational technology benefits to your construction business every time we sort building permit information for you. Our service maximizes your time by giving you customized information that is in real-time and relevant to your contractor business. 

You can use it for leads.

Use it for more competitive bids.

You can use it to partner with other companies.

You’ve got to use it.

Contact Construction Monitor to put our future-proofing information to work.

9 Tips for Getting Your Contracting Business Through COVID-19

Contracting Business

The National Law Review offers this piece of advice for your contracting business: Get it in writing!¹ That’s especially true during the coronavirus pandemic that is threatening our nation’s population and economic health.

Coronavirus vs. Your Contracting Business

This situation is here and now. It changes every day, so if you had an optimistic 5-year plan for your organization, toss it away and get ready to move quickly. 

Here are 9 tips to get your contracting business through COVID-19:

  1. Be proactive – If you’re silent, clients and employees become extra-nervous. Communicate with emails and online how you’re managing this event. Share due diligence efforts and business recovery plans.
  2. Communicate early – By now you should have reached out to all project stakeholders to review terms of performance, timelines and costs. Strive to keep projects alive and get everything in writing.
  3. Consider mobility implementations – If administrative and back-office personnel can work from home, consider making the move to a mobile workforce.
  4. Contract modifications – Every project contract you have in the works needs to return to the table. Try to recover or offset rising costs.
  5. Coronavirus impact – The time to “wait and see” is past. Your contracts should have included “excusable delays” or “force majeure” clauses. Provide notice to all contract-holders how coronavirus has impacted contract deliverables, including supply chain issues. Cite all time/performance delays, real and predicted.
  6. Cybersecurity – If administrative people will be working from home, you may need to upgrade cybersecurity and educate them about not compromising confidential information.
  7. Prepare for new workplace safety requirements – Your employees will need masks and/or gloves to reduce virus cross-contamination.
  8. Put it in writing – Document every communication, every delay, every challenge… If you weren’t the kind of person to keep a “diary,” you need to start. Others are depending on you to show diligence in trying to salvage work.
  9. Update policies for paid days off/sick days – This is going to be a tricky area. Employees must not be “punished” for staying home when sick, but your guidelines must also be reasonable. Consult with HR and/or legal professionals to revise employment terms.

Construction Monitor is Here for You

What’s happening now is temporary, but it will change the way we do business forever. Your contracting business can prepare for growth, even while time seemingly stands still. Call 800-925-6085 or contact us to learn more about using construction data reports.

We wish continued good health for you and your company.

Contractors and Suppliers: Tips for Maintaining This Crucial Relationship

contractors and suppliersA friendly, respectful relationship with suppliers is critical to a contractor’s ongoing project success. A reliable and loyal supplier understands the many variables of the construction industry and will be willing to put in the extra effort required to meet your requirements. Here are some tips for developing and maintaining a solid professional relationship between contractors and suppliers. Continue reading Contractors and Suppliers: Tips for Maintaining This Crucial Relationship