Story excerpt provided by constructiondive.com
Many business leaders in construction worry about winning jobs, but sometimes a lost bid is a bullet dodged. How do you know which projects will generate profits and which ones are better avoided? According to Hal Macomber, Executive Vice President at Touchplan and expert Lean consultant, asking a few simple questions before taking on a project can make a big difference on your balance sheet. The key is to take a project’s profit rate into account, in addition to its duration and size. Read on for seven tips for more profitable projects.
Originally published June 14, 2019.