Menu 0
Loading

Sorry, Your Browser Is Not Supported

You can still browse the site but some services may not work properly. This site requires Google Chrome, Firefox, Safari or Internet Explorer 10 and above. For mobile devices use an HTML5 capable browser.

Download Chrome
Profiting from Project Conclusion, Part 4

Profiting from Project Conclusion, Part 4

When you finish a job, does knowledge gained carry over to future jobs? If mistakes were made on this job, view the cost as tuition; make sure you learn from those mistakes so you don’t pay the cost again. The same applies to problems that arose from causes other than mistakes. Some tips: Identify problems […]

Profiting from Project Conclusion, Part 3

Profiting from Project Conclusion, Part 3

Have you structured your project as a series of mini-projects, each with its own milestones, sign-offs, and invoicing? Did you use a “progressive punchlist” so you can minimize equipment leasing and other costs? Did you avoid having a big “post completion” workload? If yes, you’ve helped your cash flow while better utilizing the resources you’re […]

Profiting from Project Conclusion, Part 2

Profiting from Project Conclusion, Part 2

How do you break a job into billable “mini-jobs” with clear completion points? Analyze the job for logical breaks such as “units of completion.” Examples: A subsystem is ready for customer use. For example, you’ve installed the main section of the process equipment, but not the finishing area or the conveyors. The customer can use […]

Profiting from Project Conclusion, Part 1

Profiting from Project Conclusion, Part 1

How you end a project helps determine not only profitability on that job, but profitability on future jobs with the same client/customer. Lessons learned during closing out will also affect profitability on similar jobs with other customers. How much money are you leaving on the table? And what about cash flow during the job? Are […]

Some Mobilization Time-savers

Some Mobilization Time-savers

Even when mobilization planning is good, other factors can result in inefficient mobilization. Try out these mobilization time-savers: Lay out storage, staging, and packing areas with the workflow in mind. Count the number of footsteps taken to load each service van, and change layout to reduce them. If you have designated helpers for loading service […]