Remodeling Business Blueprint - Randall Soules and David Hawke discuss best practices to build a solid remodeling or trade contracting business
Where Contractors Lose Money In Production
Manage episode 257744644 series 1171111
If you’re really serious about contracting and want to build a top brand there’s a good chance we help you, go to ScientificRemodelingSystem.com/call to schedule a private one-on-one call with Randall. You should know, this is not a sales call. We are serious about helping you build your construction business and this call is simply to determine if we can actually help you.
Today we are going to discuss some of the top ways you can lose money in the production phase of your projects, and how to resolve those issues.
Our guest today is Tim Faller from Westerly, Rhode Island. He has extensive experience in production and management, having founded his company, Field Training Services, in 1999, where he trained production staff in good job-site management, debugging production systems, and helped companies develop training programs for their field staff.
Up until July 2000, Tim was V.P. of the New Homes division for Hopkins and Porter Construction in Potomac, Maryland, where he started as a Lead Carpenter and then became Production Manager for remodeling.
Based on his extensive experience as a lead carpenter, production manager, and homebuilder, Tim has conducted many successful lead carpenter training programs across the country.
His book, The Lead Carpenter Handbook: The Complete Hands-on Guide to Successful Job-Site Management was published in November 1998 and since then he has developed audio training for Lead Carpenters as well as a Human Resource Manual for Remodelers.
In April of 2017, Tim joined Remodelers Advantage as Senior Consultant and Master of Production. His focus with them is helping companies improve their production processes and systems.
Construction Business Links:
- Get A Free Behind The Scenes Demo Of The Scientific Remodeling System
- The Construction Professionals Forum
00:01:48: Tech Tip of the Week: LG 17" Gram Laptop
00:04:00: Introduction of our guest Tim Faller
00:07:02: What are some of the top ways to lose money in production?
00:08:00: Issue #1 is lack of pre-job planning
00:15:38: Where do you lose money in the 1st week of the project?
00:16:51: The 2nd way you can lose money on a project
00:19:07: The importance of time and budget tracking
00:22:37: What happened in the last week of the project?
00:25:22: The Zero Punchlist Method
00:30:44: Another. production issue: Change Orders
00:32:58: Include ALL the costs in a Change Order
00:38:17: Using allowances on your job - good or bad?
00:41:25: Practice Continuous Improvement
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