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The Cost of Doing Business

Remodelers' costs are down, finally, for building materials and fuel. But they're rising for marketing, health insurance, and more.


Job Costing

 

Labor Burden

  • Cutting Costs

    By now your 2009 budget should be nearly complete — how does it look? Are you making the money you, as owner, need to make?

     
  • Opening the Books, Fortifying the Bottom Line

    Don’t be afraid of open-book management, says one remodeler whose profits, productivity, and staff cohesiveness are stronger as a result of showing his employees the numbers – right down to his own compensation.

     
  • Finding Employees’ Hidden Costs

    Industry consultant Leslie Shiner shares tips on how to add labor burden into your employees' hourly rates.

     
 

Markup-Overhead-Profit

  • How Well Do You Use Technology?

    Business management suites designed specifically for remodelers can enable you to reduce employee costs and improve operations at the same...

     
  • Small Product Category May Save Big Bucks

    Heat pump water heaters are a fraction of the market, but are highly efficient system add-ons.

     
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    Dollars Don't Lie

    In this unpredictable economy, realign your thinking toward gross profit dollars instead of gross profit margin.

     

Slippage

 

Percent-Complete Accounting

  • Percent-Complete Accounting

    Of the four methods used to recognize income, costs, and profits on construction contracts, cash and accrual are most familiar. The best accounting method for remodeling projects is percentage of completion because it recognizes revenue, cost, and gross profit throughout the life of each contract...