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April 28, 2005
Cost of Loss and Theft
What is the cost of rework, mistakes or theft to a construction contractor? Some in your organization may think it is minimal, view our chart to show the cost in revenue dollars. This is dramatic way to show a foreman, project manager or estimator a calculation he or she can appreciate. The average contractor profit before tax in the United States is approximately 3%. The revenue cost is 33 times the loss. See our chart below to see how extroidinary this calculation is.
For a chart on the Cost of Rework, Mistakes and Theft, click on the following link: http://stevensci.com/pages/infoform.html Fill in your information and type in "Cost of Rework" and we will send it to your email address within 2 working days.
This and other management information are part of our 300+ page book - to be published September 27, 2006 by McGraw-Hill Inc. "Managing a Construction Firm on Just 24 Hours a Day”. It includes 170 best Practices Used in Construction Contracting with over 100 illustrations and examples. We include a Free CD of 60 Excel Templates when you buy 1 book from our website. We also include our library of forms.
See our secure Miva / EarthLink bookstore: http://stevensci.com/Merchant2/merchant.mvc?Screen=CTGY&Store_Code=SCII&Category_Code=BCF24
We will also offer Computer Based Training Programs this summer.
Matt Stevens is a management consultant who works only with construction contractors. He has performed training and business consultation for the contracting community since 1994. Matt can be reached at mstevens@stevensci.com.
Posted by Matt Stevens at April 28, 2005 02:45 AM
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