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7 Working Strategies for Contractors to Increase Profit

7 Working Strategies for Contractors to Increase Profit

Construction business is thought to be the most profitable, and practically it can give you maximum return on your investments. But, many contractors don't know how to make a good profit from projects and estimate the markup accurately. If you don't know how to correspond to various events, you'll end up getting pale benefits. In most cases, you have the strategies, but you don't have the steps. Plans without actions fail badly. So, not only develop strategy but, follow it wisely. In this article, I am going to share the best techniques used by contractors to increase their profit. So…
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Calculate Cost to Paint Interior of House – 6 Tips

Calculate Cost to Paint Interior of House – 6 Tips

The cost to paint the interior of a house is between $0.5 -$5 per sq. feet. The cost of painting a house varies from area to area. If you're residing in a posh area, you'll have to pay a higher price and inverse. The average cost per square foot is lesser if the house owner paints the house himself. If you're seeking some professional help, than the average expense will vary depending upon how well situated, and well recognized the painters' company is. The main cost will be the raw material; paint, and the wages of the labor. Usually, it…
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5 Best Quantity Takeoff Softwares in 2020

5 Best Quantity Takeoff Softwares in 2020

Construction is not as simple as it seems. It not only needs workforce for building but also requires tedious work for the calculation of material quantities, costs and expenses. With the emergence of advance softwares, there is a solution for every lengthy process. Today, a number of construction estimating softwares are available in the market. Contractors use these applications to quickly do the estimates and prepare bids. These programs help the contractor to quickly estimate the budget for a new contract according to the the available drawings and client's requirements. Otherwise, there are chances of miscalculation that may lead to…
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10 Secret Tips to Win Construction Bids

10 Secret Tips to Win Construction Bids

Are you a construction contractor? Do you bid on construction projects and end up losing big projects? Well! Don’t worry, in this article; we’ll discuss ten secret tips to win a construction bid. We’ll also discuss how you can make a precise bid proposal and end up with a big construction project. These tips will help you a lot in your future endeavors. Here is a list of secret tips. Read and follow these tips if you want to become successful construction bidder: 10 Secret Tips to Win Construction Bids 1. Bid Smartly Bidding smartly is the first tip if…
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House Building Cost Estimator – Calculate Construction Cost of House

House Building Cost Estimator – Calculate Construction Cost of House

The most basic or preliminary step we can say to construct a new house is to get the cost estimate for house construction. Of course, there are various costs involved if you are building a new house. Also it is very important to identify where you will be spending you money and how much money you must posses before starting construction of house. This blog post will help you in figuring out the costs involved in house construction. Moreover, you will also find the best tools to get a preliminary cost estimate of your construction project. Just by inputting some…
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Preliminary Estimate of Construction Projects

Preliminary Estimate of Construction Projects

A preliminary estimate is the approximate cost of the project that is calculated at the conceptual stage of the project. When the project drawings and specifications are not available, a preliminary estimate is prepared. It forecasts the total budgeted cost of the specific construction project. Apart from new construction, It can also be prepared for demolition or renovation works. The anticipated cost may vary slightly or greatly depending upon the available information regarding the project. Still, it helps the client/contractor to make the initial budget and cost control plan.  QTO Estimating also provides this kind of estimation service for residential…
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Construction Material Takeoff – Excel Spreadsheet, Template & Formats

Construction Material Takeoff – Excel Spreadsheet, Template & Formats

Construction Material takeoff is the name given to the list of materials that are needed to build something. This term is most commonly used in engineering and construction. For any kind of residential or commercial construction project, the need of construction material takeoff can never be underestimated. It is commonly prepared on Excel spreadsheets. This list is made after looking at the blue print of the building or the initial design. There are various material takeoff templates/formats that are followed by contractors to prepare bids for the tenders.  In the quantity take-off following attributes of the material are included: Quantity…
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