ConstructConnect Blog

Construction estimating is one of the most challenging, yet important jobs in our industry. Profits are won or lost based on how accurate your construction estimates are and how closely they match your final project costs. Chances are one wrong estimate on a construction project that loses money won’t put you out of business, but a couple of unprofitable projects may have you closing the doors for good. Here’s a look at some of the most common construction estimating mistakes and how to prevent them.

The construction business is built on a foundation of partnerships that, if nurtured correctly, can turn into profitable projects. Before stepping foot onto your next job site, if you’re a subcontractor or an owner, your work starts with attracting and maintaining strong relationships with general contractors. By understanding their unique needs and challenges, you can position your business as a valuable partner, helping GCs thrive in their respective fields.

Expand Your Network, Grow Your Profit

The process and care that goes into building a community are never-ending. While access to plans and resources is key, the people and intent behind it matter more. When you think about the celebration of Juneteenth and how it applies to you, think about the growth of your community and the ideas that drive progress. We’re better together and everyone can get behind efforts to bring people into a universal celebration of freedom and liberty.

I hate to state the obvious, but if you are planning a new commercial construction project, your work has already begun. Break out your to-do checklist and prepare for what may not be as obvious or simple to calculate. These would be the costs, both planned and unpredictable, involved with bringing a commercial project to life. The steady uptick in costs from year to year has made access to materials, land, and labor a tough commodity. Detailed budget planning and strategy are necessary during preconstruction to bring the bottom line to light before your project hits rock bottom.