New Subcontractor Meetup: 5 unhealthy growth practices that hurt subcontractors—and how to avoid them

The Truth about Subcontractor Supplier Relationships

quantifying risk in the supply chain

The truth about subcontractor-supplier relationships: What causes them to strain and how you can build a better partnership Learn how subcontractors and suppliers can partner together to increase profitability and accelerate growth for both. Studies show that trust and collaboration between contractors and suppliers is key to the success of both. However, supply chain inconsistency, […]

The KPIs that Subcontractors Need to Look at in 2024 and Beyond

construction kpis

The construction industry can be unpredictable, which forces subcontractors to adapt. This includes adapting the Key Performance Indicators (KPIs) they use to measure the performance of their business. At any point in the year, it’s worth reassessing the health of your current KPI dashboard to gauge whether it’s giving you an all-encompassing look at your […]

How to Build Fail-Safe Revenue Targets for 2024

annual planning construction

If you’re looking to grow your subcontracting business, it can be tempting to set a 20% or 30% goal and immediately start bidding on the projects required to make it happen.  But in Clay Young’s 30 year experience as a subcontracting Chief Estimator, then Managing Partner, then Owner, anything less than a rigorous, long-term forecasting […]

13 Risk Management Tips for Subcontractors, by Subcontractors

Treat Purchase Orders Like Contracts, and Keep Them Simple: POs work like contracts, so review them just as carefully. Opt for less language; simplicity and clarity to reduce the risk of misinterpretation. According to insurance professional Drew Boyd, it’s easier for a lawyer to do some maneuvering and invalidate something within the PO if it’s […]

Risk Management Strategies to Protect Your Time, Budget and Business

construction risk management

Infinite things can go haywire on a project, and your contract is what’s standing between you and an ugly dispute. The thing is, your ideal contract protections require client sign-off, so terms must be fair on both sides. You have to be firm and insistent about what you need, but flexible and relenting where necessary. […]