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Being properly insured can help you keep your business going, even when things go wrong. There are all kinds of policies, and liability insurance backs you when someone blames your business for an error or accident. With this information, you’ll know the common limits of liability insurance policies you might have for your construction business. How Does Liability Coverage Differ …
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From time to time, you will need to consult a lawyer to make sure you conduct business properly. Being able to choose wisely could cut down on the money you spend. These tips outline a few scenarios in which you might expect to hire a lawyer for your contracting business. Designing Contracts When you first start doing work for clients …
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Buying a big piece of equipment is a significant investment. You may be able to deduct a portion of it on your taxes. Here’s a few tax implications you should keep in mind as you plan. Decide on Tax Status There are many different ways you could choose to handle a purchase. Essentially, you have to pick between: buying it …
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If you aren’t working as part of a company, you might need to subcontract out some work from time to time. The trick is to find the professionals who will make your project better. Here’s how to know you’ve got a good subcontractor. Maintains Excellent Communication A subcontractor who knows how to balance work with administrative duties is worth their …
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A significant part of most contractor’s business comes from repairs from storm or other damages. For the vast majority of residential (and more than a few corporate) property owners, navigating the mess of paperwork that comes with filing an insurance claim is a nightmare. Fortunately, there are a plethora of knowledgeable insurance agents out there that can help with this …
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If you have been working in construction for a while, you may already know several people who manage to secure paying contracts without a valid license. Although this route may sometimes seem like the easiest path, here are a few reasons you’ll be glad you did it right the first time. Clients Check for Licenses on All Kinds of Jobs …
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Making sure that existing buildings can sustain impacts from an earthquake is an important job. The Earthquake Brace & Bolt program offers a reimbursement for homeowners who hire a licensed contractor with the proper training to do the work. Here are the details of the program, and how you might use it to expand your contracting business. Why Are Seismic …
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By now, you probably know that doing well on an exam involves more than just knowing how to answer questions. Plenty of things you do on the day before and the morning of the test could affect your ability to think, solve and answer. Take advantage of this checklist to make sure you can set yourself up for success on …
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Property assessed clean energy (PACE) programs offer a way for property owners to finance special upgrades to structures and systems. This guide explains the basics of the PACE program, and how this kind of financing might affect your contracting business. Why Is Clean Energy Important? Reducing energy consumption by switching to more sustainable forms of energy can be a big …
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When you put a lot of information in writing and start to build some long-lasting customer relationships, you might end up with a whole lot of paperwork. With these tips, you will know how to decide what to save, the safest methods of discarding unneeded documentation, and what you really need to print. What to Keep You do have some …
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According to a piece that was first published in USA Today, general construction rates in the United States are significantly higher this year than they were during the same period of time in 2014. Though this is certainly good news for the industry, one factor is complicating matters: a shortage of qualified and mission-critical employees is happening at the same …
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You go to draw out a simple design for a customer, only to realize that you left your paper in the truck. Now your client wants to keep the sketch, and you’re not sure how best to get it to them. What if you could just bring out a tablet and have everything ready to go? These web-based tools help …
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If you have spent some time researching online marketing for your construction business, you probably already understand that having a solid online presence is key. But, how do you know that you have a solid online presence? With these tips and tools, you can get back-end analysis of your marketing approaches. That way, you can target your budget in the …
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Sometimes, the cost of materials or labor goes up. You might have to raise prices or risk cutting your margins too low. With these ideas, you can position a new pricing scheme in a way that is least likely to frustrate repeat customers. Evaluate the Needs of Your Customer Base If you want to deliver your message in the best …
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As any test preparation business will tell you, knowing the subject and being able to perform well on the test can be two completely different things. Use these tips to revisit your test-taking skills and see if you can sharpen your focus, quell exam panic and do even better than you expected. Study Regularly and Avoid Cramming Some people prefer …
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If you have a project that requires a construction general permit, the state of California says you may need to create a Storm Water Pollution Prevention Plan with a qualified developer. Even if stormwater runoff management is not a part of your regular business dealings, you will probably have instances where you work on a project that requires an SWPPP. Here are the …
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The moment you take the licensing exam is often the culmination of years of preparation. Here’s what to expect (and what you should bring with you), so that everything goes off without a hitch. Where to Go When you apply for a particular examination, you must wait for approval before you can take the actual test. There are several testing …
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  Communicating with clients is absolutely vital to the success of your contracting business. The trouble is that sometimes, it’s not clear exactly how you should be writing for them. These tips help you determine the best communication styles to use for residential, small business and corporate clients. Getting Started When you are just starting out, you have to figure out your …
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In your contracting business, you learn quickly that your margins will make or break your ability to pay your bills (and yourself). Setting fair prices for the work you do and improving your overall business efficiency is key to keeping your business afloat. This guide identifies ways that you can increase your profit margins wherever you can. Market Value Over …
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Once you get a little more established in your contracting business, you might decide to rebrand it. Perhaps you don’t like the name you originally made, or you want to change it to incorporate a new partner. Maybe you have new services you would like to feature. These tips help you transition from old ways to new opportunities. Develop Your …
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