Maximize Construction Project Budgets Made Simple
As a general contractor, you have a reputation to uphold. You make promises of zero change orders and delivering your projects well within budget and time-frame. Your entire business legacy balances on your ability to select the right subcontractors for the job. In fact, choosing the wrong contractor could not only handicap the timeline and budget of a project, but completely derail your professional reputation. How do you avoid a huge blunder like this? By accurately assessing your subcontractors prior to offering them the job.
While you may have a list of regular contractors that you work with, but for whatever reason they may be booked, forcing you to source the work elsewhere. By having a few metrics that you judge new contractors by, you can ensure that you not only choose one that will deliver, but a contractor that has a full understanding of the work that they do. Here are a few things to look at when you’re doing a subcontractor technology evaluation in order to maximize construction project efficiency and maintain your reputation.
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Freddie Mac recently released its U.S. Economic and Housing Market Outlook for May, showing that regular supply and demand forces continue to produce unexpected results as the housing recovery readies to shift into a higher gear during the spring home buying season. The complete May 2014 U.S. Economic and Housing Market Outlook and forecast table are available here.
“The housing recovery is struggling to shift into a higher gear, and obviously there are various imbalances holding this back from happening, but at the heart of the matter it comes down to jobs,” says Frank Nothaft, Freddie Mac vice president and chief economist. “Housing needs stronger, and just as important, sustained levels of job creation to get the housing engine firing on all cylinders. April’s jobs numbers were encouraging, and nothing will solve the supply and demand factors faster than keeping employment growth going. Until we see this happening, we’re revising our forecast lower in several areas on an annualized basis. While we still see an improving trajectory for the housing market, we’re pushing it out a few months from our earlier forecast because we expect GDP growth to pick up in the final three quarters of the year from what was clearly a dismal first quarter reading.”Click here to read more.
Spring is a time for improvements - for homes and the overall housing market.
May is National Remodeling Month, and NAHB has useful data for remodelers who want to know why home owners are undertaking improvements, as well as the most common types. Among remodelers participating in an NAHB industry survey, bathroom remodeling was cited as the most common project, narrowly beating out kitchen remodeling. Window and door replacements, whole housing remodeling and room additions rounded out the top five. Click here for more.