Profit - 9 Margin Levers
9 Margin Levers
Pricing
- Overhead recovery margin
- Project Management (Preliminary and General)
- Mark up vs Margin
- Software vs spreadsheet vs pen & paper
Positioning
- What type of work are targeting
- Type of clients
- Authority in your marketplace as opposed to Generalist
- Referrals & WOM
Sales
- 7 step sales process
- Involvement steps (wow pack)
- Presentation of quote
- Charge for quote
- Nurture and warm
- Site visit
- Qualify and position w scripts
Marketing
- What pools are you fishing in
- 3 main avenues: Digital / Referral / Social
- 8 Marketing Pillars
- Authority positioning & attracting people who aren’t price or time sensitive
Controlling Labour
- Labour tracking (apps/time sheets)
- Foreman task list / scorecard
- Biggest variable cost
- Breaking the jobs down by stage
Controlling Materials
- Quality control checklist
- Scheduling
Controlling Subcontractors
- Subbie handover form
- Price checking (Brent saved 40k on a project)
Variations / Change Orders
- Variations checklist
- Variations sign off form
- Variations scripts
- Contract clauses
- High Mark up on these
Contracts
- Merchant rates and dates
- Don’t be the bank
- Don’t absorb retentions
- Make sure you’re allowing for price rises