The Runjob Review - Week of 3/6/2017

The Runjob Review highlights weekly news, topics, and trends in the construction industry.

- Week of March 6, 2017 -

A Contractor's Cash Flow: Acknowledgement and Improvement

Managing cash flow is imperative and it never hurts to see these challenges on paper. This article reminds you as the owner, the chief financial officer, or as a member of the project management team of the challenge of staying cash positive. If you've had a career with a large cash-rich company ... Read More >

Reader Response

This Week's Question

Do you add cost of money (ie., interest as a result of lost investment opportunity or simply interest on your line of credit) to your bids?

A) Yes

B) No

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Best Way to Save Money is to Not Spend It

When in a changed condition situation, the best way to minimize loss or to survive, depending on the case, is not to spend less, it's to not spend at all. Take advantage of situations where you can spend zero.

We've all been in a situation where we're going about our business of performing our scope of work under the conditions clearly expected and as. .. Read More >

Need it or Want it?

Develop behavioral cost controls in your employees by incubating a need versus want mentality on purchases.

The ATM perception. Things look great - you own the company and your last name is on the side of excavators and dump trucks all over town. The guys in the field think the company can afford anything - and that perception flows over into all purchases from. .. Read More >

Construction is a Battlefield

I was surfing the web recently and I saw an article by a construction management student. I read it, and it was good. It talked about efficiency of communication and the ability to manage people and to track budgets et cetera, et cetera. And all that is true. But that's usually how it goes inside the climate-controlled four walls of the . .. Read More >