12 Days of Contractor Christmas | CFC 287
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Key Takeaways
Clearly define project scope and secure signatures to prevent scope creep; charge appropriately for any changes using change orders.
Implement robust payment processes and timely follow-ups to minimize payment disputes and improve cash flow.
Establish pre-job processes and daily huddles to reduce callbacks and rework, ensuring quality and efficiency.
Actively recruit and maintain a strong team to mitigate the impact of employee no-shows on project timelines.
Charge a higher rate (e.g., 1.5x) for change orders, recognizing the additional planning, coordination, and potential delays involved.
Avoid unnecessary concessions by sticking to your bids and contracts; only concede when it's strategically beneficial for long-term relationships.
Maintain strong relationships with multiple suppliers and regularly check on order statuses to proactively manage and mitigate delays.
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