21 min

Your triage checklist for a job that's losing money Contractor Success Forum

    • Entrepreneurship

Nobody wants to lose money on a job, but it's an unfortunate reality in the construction industry. There are things you can do to minimize the damage and avoid losses in the future. This week, we're sharing triage strategies for a job that has gone off the rails.

 Topics we cover in this episode include:
Review the contract and any change ordersDetermine when the job will be finished and liquidated damagesWho should you talk to about a job that's losing money?Document the issues that are occuring at the time they're happeningGet all hands on deckPay your materials and suppliers on timeAnalyze and communicate what happenedLINKS

Visit the episode page at https://contractorsuccessforum.com/triage for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum
 
Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Nobody wants to lose money on a job, but it's an unfortunate reality in the construction industry. There are things you can do to minimize the damage and avoid losses in the future. This week, we're sharing triage strategies for a job that has gone off the rails.

 Topics we cover in this episode include:
Review the contract and any change ordersDetermine when the job will be finished and liquidated damagesWho should you talk to about a job that's losing money?Document the issues that are occuring at the time they're happeningGet all hands on deckPay your materials and suppliers on timeAnalyze and communicate what happenedLINKS

Visit the episode page at https://contractorsuccessforum.com/triage for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum
 
Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

21 min