ProfitDig is the world's easiest to use construction job bidding and costing solution. Our channel features hundreds of videos, most of which are on the subject of running a successful construction business. Topics we often cover include:
Job bidding strategies Jobsite management Having a successful construction career Construction industry news Managing a construction crew Marketing strategies for contractors Interviews with new company owners Understanding bonding Features of ProfitDig
And sometimes we just sit at a bar and tell jokes. We invite you to check us out!
Learn more about us and our easy-to-use, affordable, monthly construction job bidding and costing solution at ProfitDig.com.
Great tip. You won't believe what happened to me recently. I was struggling with getting contract offers, feeling like I was hitting a dead end every time. But then, I came across this unconventional solution while reading online. I decided to give it a shot out of desperation.
@@ChristyVallenDsouza Well, I came across a voodoo priestess, Queen Stella Laveaux and i followed her guidance and rituals provided. And guess what? A company that had rejected me before called back saying they wanted to award me the contract. It was like a dream come true. You should look her up online now
@@MillindSoman-d1y That's incredible! I found her website queen stella laveaux, and i read about her after you mentioned it. It's fascinating how things can change. I might just give it a try myself. I left her a message already and i hope she responds. Thank you for this information, i felt lost already.
Very helpful. I am wanting to get my feet wet with a 30x60 barndomindium build, watching as many videos as I can about being my own GC to see how feasible it really is. Thanks guys.
TLDR: Understanding and managing construction overhead, using an estimating solution, and tracking job costs are essential for success in the construction industry. 00:00 💡 Know your construction overhead, have an estimating solution, and track job costs to succeed in construction.
Equal to as to go through a product substitution process. Many eors do not know this though and might approve a different product without asking the owner. Is a risk to do that both for engineer and contractor.
TLDR: ProfitDig is a construction project management tool that allows for easy tracking of daily time and cost, ensuring real-time progress and profitability. 00:00 👨💼 Easily track daily time and cost using ProfitDig for construction projects. 00:43 💡 Enter awarded construction jobs, access bid details anytime. 01:12 💼 Easily track job costs and profits in real-time with ProfitDig's automatic chart updates, allowing for quick entry of daily construction job expenses. 01:52 💻 Enter daily construction job cost quickly and easily with ProfitDig, whether you're an admin or a foreman. 02:38 👷 Easily enter daily construction job costs and track crew time with ProfitDig. 03:12 💡 Enter daily construction job costs quickly and accurately by assigning hours worked to each crew member, allowing for efficient cost allocation and tracking. 04:03 💡 Enter daily construction job costs to track real-time progress and ensure profitability. Adjust proposals to increase profits if necessary. 04:39 📹 ProfitDig features and power overview, with contact information for questions and feedback.
TLDR: ProfitDig helps construction companies manage labor rates and job costing effectively. 00:00 🏗 Managing construction labor rates and job costing with ProfitDig.
TLDR: ProfitDig is an affordable and easy-to-use job costing program that makes estimating construction jobs easy, efficient, and accessible for small businesses and new ventures. 00:00 🏗 Michael Dickson uses ProfitDig for job costing because it is affordable and easy to use, allowing him to figure it out on his own without extensive training. 01:52 👷 Job costing made estimating construction jobs easy for Michael Dickson, despite his lack of experience in estimating. 02:14 📱 Entering job costs using ProfitDig on your phone is much easier and more efficient than filling out time sheets and paperwork. 02:55 💼 Construction company owner uses ProfitDig to easily track and manage employee hours for payroll. 03:13 👍 ProfitDig allows construction company owner Michael Dickson to easily view and understand budget reports and job breakdowns on the go. 03:41 👍 Construction company owner highly recommends ProfitDig for small businesses and new ventures based on 21 years of experience. 04:12 💼 ProfitDig's job costing program is suitable for construction companies of any size, saving money and making job costing easier. 04:54 🏗 Construction company owner Michael Dickson finds using ProfitDig for job costing easy and self-explanatory, requiring no assistance or questions.
TLDR: Efficient use of construction machinery is essential to avoid unnecessary costs on projects. 00:00 🚜 Use construction machinery efficiently to avoid unnecessary costs on projects. 00:26 ⚠ Evaluate job needs to avoid overpopulating with equipment, leading to wasted money and mobilization costs.
TLDR: ProfitDig simplifies and streamlines the job costing process for construction projects by tracking all costs in real time, eliminating the need for manual tracking, and providing accurate budget tracking for project managers. 00:00 🏗 Job costing is typically a long and paper-heavy process, but ProfitDig simplifies it by tracking all costs and monitoring labor, equipment, fuel, materials, and sales tax for multiple jobs. 00:53 🏗 Keep track of job costs by entering receipts, timesheets, and miscellaneous purchases, as well as shipping tickets and supplier receipts, to know material costs on a daily or weekly basis. 01:32 🏗 ProfitDig makes construction job costing easier by eliminating the need for manual tracking of equipment and labor time, replacing it with a digital system. 02:13 💰 Enter job costs in real time through ProfitDig's website using a smartphone, tablet, or laptop to track expenses and profits instantly. 02:47 💡 Real-time job costing with ProfitDig saves time and provides accurate budget tracking for project managers.
TLDR: ProfitDig allows for easy and accurate tracking of construction job costs, including labor, equipment, materials, and employee hours, to ensure accurate and up-to-date project costing. 00:00 👷 Record costs directly against bid items in a job bid, set one bid as awarded, and then begin recording costs. 01:00 💡 Once a bid is awarded, it cannot be undone, so now I have an awarded bid for this job. 01:48 💡 Record and view costs for a construction job by selecting bid and line item to add labor and equipment costs. 02:34 🏗 The system allows for easy selection and management of the crew performing the job, with the ability to add or remove employees and equipment as needed. 03:24 💡 Update hours worked and costs in the table to accurately track construction job costing. 03:47 👷 Customize and submit project costs, view and update employee and equipment hours to keep construction job information accurate and up to date. 05:02 💡 Add and specify materials in the bid, including quantity and cost, and easily track them in the detail screen. 06:09 💡 Add costs for equipment and employees regularly and in real time using ProfitDig to stay on top of your construction job costing.
TLDR: It is important to accurately calculate and charge for equipment costs in construction job costing to ensure profitability and cover expenses. 00:00 🔨 Calculate equipment costs over 5 years, add 15% for maintenance and fuel, use hourly rate for job bids based on rental rates. 01:54 💡 Charge enough for equipment that is only used for a few hours a day on the job site. 02:02 💰 Charge a three to five hour minimum for equipment to make it worth your while, accounting for operator wage and profit. 02:49 🚜 Account for equipment and operator costs, including pickup truck expenses, in construction job costing. 03:04 🔨 Charge enough for your equipment in construction job costing. 03:07 💰 Calculate the hourly rate for your equipment to cover maintenance, replacement, and future purchase, depending on the job. 03:42 🚧 Ensure that you are charging enough for your equipment when working on construction jobs. 03:48 🚧 Charge enough for your equipment on big projects and allocate it within your crew to cover costs.
TLDR: Strategic invoicing in construction projects is crucial for ensuring consistent cash flow and profitability throughout the project. 00:00 🏗 Send invoices strategically to ensure profitability at the end of the job. 01:13 💡 Use different invoicing strategies to ensure consistent cash flow and profitability throughout the construction project. 02:12 💡 Be conservative in billing to ensure there is profit left at the end of the job. 03:43 💰 Bill 100% of the job when 90-95% complete to avoid retainage and ensure profit. 04:59 💡 Plan your construction project billing strategically to ensure you have enough money to cover expenses and payroll each month. 06:00 💰 Be aware of how the schedule can impact payment timing and make sure to review contracts carefully to ensure timely payment. 06:58 💡 Knowing your operating costs is crucial for making a profit in construction, and tracking invoicing strategies can help with that. 07:59 🏗 Focus on construction invoicing strategies to ensure profitability at the end of the job.
You dont buy a piece of equipment you buy a parts and service department. They all break and have pluses and minuses. The piece of equipment that your area can keep running is the best
Stay away from John Deer. Not sure why this guy had such a problem saying that. John Deer does not believe in Right to Repair. SHOULD be right up your alley.
Very good info. He is spot on with what he said that applies to pretty much any region in the U.S. for underground jobs. Would like to see more of him sharing knowledge
No wonder he thinks Texas could secede: He thinks there's no storage! I wonder if he's driven by the oil refinery mega battery system that supplies electricity to reduce the cost of refining oil!
Bridge inspectors in the United States has to be the closest job to being a politician I can think if I’m the “skilled” trades sector. I mean look at our bridges across America. Makes perfect sense now😂
Yeah but... the chances of getting someone to do it correctly is 50% where I could easily install Rockwool myself without the health hazards. I had pro's install foam in my camper and it looked like it was in a hail storm, basically decreasing the value and impossible to fix. I still don't know after all the studies how someone could still advocate for foam.
I’m curious if it’s policy for any construction company to have a construction site manager show up on a Sunday with a loaded gun and if he were to find someone there be ok with him shooting 2 people and killing them?
Good show. The most important tool in contracting is COMMUNICATION. I tell all or my estimates customers up front that what I'm presenting is an estimated total of costs based on what is seen now, what is wanted now and what is expected now. I tell them that all major projects have surprises and the job of both parties is to expect them and minimize them with INFORMATION. BTW, my "telling" is always in writing.
Thanks for watching! Noted about the intro. We've actually gotten a lot better with our audio quality compared to this one. Seems like the mics didn't work or something.
As a plumbing contractor for the last 30 years in bidding jobs I have every dollar amount broke down to go to the proper places. So if I give you a bid that is the number I need to survive. So no I will not lower my price so the GC can make his profit because that is the only reason why he is asking you to lower yours so he can make his. Seen it way too many times in my years. Besides if he is loyal to you he wouldn't be shopping around and he is gonna makes sure you get yours and his through the customer, I'm not gonna pay you to go to work for you by lowering my amount to satisfy your needs. There is way too much work out there for that.
@@profitdig nice it seems like there’s a lot of good boys doing podcasts in southern middle Tennessee. I’m a commercial Mason out of Missouri. Good show buddy.
