Industry Trends for Builders

A crucial objective for any builder is to figure out how to increase the profitability of new construction projects. While we do provide guidance on how to reduce construction mistakes and avoid cost overruns, it is ultimately up to each builder to decide what their plan of action will be to reduce overall costs. The following are just a few examples of what a builder may choose to do in order to keep their construction budgets in check.

Anyone who has spent time in the construction industry knows that construction mistakes are inevitable. Mistakes while building can be costly and major hassles, but mistakes on the business side can be even worse. Depending on the issue, the impact could range anywhere from being less profitable to going out of business, or even worse! To learn how you can avoid them, here are the top 5 mistakes that construction companies make.

As a builder, breaking ground on a new construction project can be both satisfying and nerve-wracking. From the beginning, you know you’ve done your best to plan ahead and ensure a smooth project however, in the back of your mind, you know that things can and often do go wrong. Some issues are minor and lead to headaches, but aren’t a big impact. Other issues can have a major effect on your project – and its profitability. Here are the top 5 reasons for cost overruns in construction management.