Construction and Infrastructure.
Our specialist Construction and Infrastructure team works with builders, tradies, architects, engineers and contractors.
Do you want more control over your construction or infrastructure business?
How do I know if I am spending too much on labour?
What sort of profit should a builder make?
Which software will help me be more efficient?
Use this page to find advice and ideas to run a profitable, efficient business
Staying agile is key.
When external factors are driving up costs or changing the parameters of a job, technology and communication are the key to long term sustainability.
Go over the building contract with clients, prior to starting work and discuss any potential areas for change such as time lines, and cost of materials.
Use project management software that integrates with your accounting software to understand the impact of any job changes on cashflow.
Hold regular ‘tool box’ meetings with team members to discuss job changes and opportunities to improve efficiency.
Stay informed and connected to industry leaders and influencers. Subscribe to industry publications. Attend virtual events. Use this knowledge to prepare your business for change.
Understand the numbers.
Understanding the real time financial performance of your business is paramount - regardless of how the economy performing.
Cashflow is the life blood of a business. Use forecasting to identify peaks and troughs in cashflow and apply financial strategies to smooth these highs and lows so you can pay all your bills (including tax) as they fall due.
Identify the optimum ratios for labour and costs, relative to gross profit. This will tell you if you are spending too much or not enough on people or supplies.
Know what your break even is (the number of sales required to cover your variable costs). How long are you prepared to operate at break even for.
Work to a budget. This is your guide to ensuring you make the profit that you want.