The KPIs that Subcontractors Need to Look at in 2024 and Beyond
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
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
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. […]
Requesting Your Prime Contract
Maegan Spivey is a Contracts Specialist with Document Crunch.
Requesting Contract Changes
Maegan Spivey is a Contracts Specialist with Document Crunch.
5 High-Impact, Low-Cost Ways to Improve Your Insurance Coverage from Drew Boyd
The Best-of-the-Best of Maegan Spivey’s Contract Advice
Maegan Spivey is a Contracts Specialist with Document Crunch.
Improve Your Closeout Process: Top Tech Solutions for Subcontractors
The subcontractor closeout process is a crucial step that marks the completion of a project in commercial construction. However, it can often be a complex and time-consuming phase, involving numerous documents, approvals, and last-minute tasks. For subcontractors, managing this process efficiently is key to submitting timely payments and maintaining strong relationships with general contractors. The […]