Download Your Free Document Control Log to Keep Up With Project Needs: https://constructioncfo.net/subcontractor-performing-the-work In this video, Josh Luebker shares essential insights he's gained from working with over 20 subcontractors with 30+ years of experience. Learn how to avoid common pitfalls that can bankrupt your company, understand the importance of sticking to contractual obligations, and discover the impact of standardized operating procedures (SOPs). Josh illustrates how SOPs can improve project handoffs and ensure consistent, high-quality installations. Additionally, understand the significance of weekly PM-Superintendent meetings for preemptive problem-solving and get practical tips to start working on your business, not just in it. Implement these four game-changing secrets to improve cash flow and project outcomes in your construction business.
https://constructioncfo.net/subcontractor-winning-the-work Are you tired of losing project after project? In this video, I share four strategies to boost your win rate from 1 in 11 to 1 in 4. Drawing from my experience with over 50 subcontractors, I'll guide you through improving confidence in your estimates, vetting general contractors, refining your bidding process, and ensuring you're paying yourself adequately. Avoid common pitfalls, learn the importance of reading project details carefully, and discover how to target the right clients to enhance your construction business's cash flow and profitability. If you're struggling to win consistent and profitable work, this video is for you!
Track projects with a free bid board so you can see trends and find your niche - https://constructioncfo.net/subcontractor-finding-the-work
With an average of 12 bids per subcontractor for any project on BuildingConnected, should you really be focusing on a platform that encourages a race to the bottom? In this video, Josh Luebker shares four impactful takeaways from working with over 50 subcontractors to boost their bid hit rate. Discover the importance of targeting projects that align with your niche, leveraging referrals, using targeted outreach, and creating a replicable process to secure more consistent and profitable work. Learn how defining and embracing your specialty can dramatically increase your profit margins while reducing competition.
If your business isn't growing, it's dying. In this video, Josh Luebker, a fractional CFO and COO for construction subcontractors, shares crucial insights on how to prepare your business for growth. Learn the importance of financial ratios, strategic bidding, a healthy financial culture, and employee retention. Discover how to avoid the race to the bottom and ensure your company's long-term success. Don't miss out on these expert tips to thrive in the subcontracting industry. Like, subscribe, and get ready to scale your business!
BILLD Whitepaper: https://billd.com/pdf/Building%20a%20Working%20Capital%20Toolkit.pdf
Procore Article: https://www.procore.com/library/carrying-cost-slow-payment-construction
BILLD: https://billd.com/
Josh Luebker, the Construction CFO, discusses the harsh realities and challenges of starting a trade subcontractor business. From dealing with bidding frustration and unpaid invoices to handling extensive paperwork, this video outlines why 73.6% of construction companies fail within ten years. Josh shares his decade-long experience managing large contracts and introduces the five pillars of a profitable subcontractor to help you stabilize your business and improve cash flow.
Download the Calculator Here: https://billd.com/wp-content/uploads/2024/11/Livestream-Cost-of-Capital-Spreadsheet-Billd.xlsx
Download BILLD's Toolkit Whitepaper Here: https://billd.com/pdf/Building%20a%20Working%20Capital%20Toolkit.pdf
BILLD: Championing Subcontractors: https://billd.com
A step-by-step walkthrough on how to calculate the cost of working capital for your next project and a process to evaluate the best working capital solutions for your business. This video is designed for subcontracting executives and construction CFOs at any level, whether you’re ready to dive into accounting for the cost of capital now or are looking to refine your approach.
Download the Calculator Here: https://billd.com/wp-content/uploads/2024/11/Livestream-Cost-of-Capital-Spreadsheet-Billd.xlsx
Download BILLD's Toolkit Whitepaper Here: https://billd.com/pdf/Building%20a%20Working%20Capital%20Toolkit.pdf
BILLD: Championing Subcontractors: https://billd.com
A step-by-step walkthrough on how to calculate the cost of working capital for your next project and a process to evaluate the best working capital solutions for your business. This video is designed for subcontracting executives and construction CFOs at any level, whether you’re ready to dive into accounting for the cost of capital now or are looking to refine your approach.
