The Construction Machine

Learn how to take advantage of the on-going labor shortage and start your own construction business from the ground up.
4.44 (27 reviews)
Udemy
platform
English
language
Project Management
category
The Construction Machine
245
students
16 hours
content
Mar 2021
last update
$19.99
regular price

Why take this course?

based on the comprehensive list you've provided, here's a structured approach to managing a construction business effectively:

Managing Customers (Post-Contract)

  1. Managing Expectations

    • Set and manage customer expectations clearly and realistically.
  2. Coordination

    • Ensure all parties are on the same page and that schedules are synchronized.
  3. Communication

    • Regular updates to clients on progress and any changes.
    • Promptly answer client questions and concerns.
    • Schedule client inspections to review work and gather feedback.
  4. Handling Bird-Dogs

    • Address and manage issues raised by customer representatives or "bird-dogs."
  5. Payments

    • Collect payments according to the agreed schedule.
    • Utilize various payment methods (cash, checks, digital platforms like PayPal, Stripe, Venmo).
  6. Monitoring Budget and Schedule

    • Keep track of the project budget and adjust spending as necessary.
    • Monitor the construction schedule for any overruns or delays.
  7. Monitoring Scope

    • Ensure the work done adheres to the agreed-upon scope.
  8. Overruns

    • Address any overruns in budget or time with clients promptly.
  9. Walkthroughs

    • Conduct walkthroughs to ensure customer satisfaction and to identify any issues before completion.
  10. Handling Errors

    • Address any mistakes promptly and correct them to avoid client dissatisfaction.
  11. References & Reviews

    • Encourage satisfied customers to provide references or positive reviews.

Craftsmanship

  1. Quality

    • Uphold high-quality standards in all workmanship.
  2. Quality Assurance and Quality Control

    • Implement processes to ensure the quality of work is consistent.
  3. The Right People and Materials

    • Employ skilled workers and use quality materials.
  4. Cutting Corners

    • Avoid taking shortcuts that could compromise quality.
  5. Defect Claims

    • Address any defect claims promptly and effectively.
  6. Rework

    • Perform rework as necessary to ensure client satisfaction.
  7. Warranties

    • Offer warranties on your work to build trust with clients.
  8. Meeting Expectations

    • Strive to exceed customer expectations in both service and quality.

Building Your Team

  1. Call Answering Service/Admin

    • Ensure that customer calls are answered professionally and efficiently.
  2. Sales

    • Have a dedicated sales team to generate leads and convert them into contracts.
  3. Estimators

    • Use skilled estimators to provide accurate cost estimates for projects.
  4. Labor

    • Hire experienced labor with the right skills for various construction tasks.
  5. Subcontractors

    • Engage subcontractors as needed for specialized tasks.
  6. Construction Attorney

    • Consult a construction attorney for legal advice and to protect your business interests.
  7. Insurance Agent

    • Work with an insurance agent to ensure adequate coverage for your business and employees.
  8. Material & Equipment Suppliers

    • Establish relationships with reliable suppliers for consistent quality and service.
  9. Bookkeeper/Accountant

    • Keep accurate financial records and file taxes correctly.
  10. Marketing Consultants

    • Use marketing experts to develop strategies to attract new business.
  11. Mentors

    • Seek guidance from experienced mentors in the construction industry.

Office & Shop, Tools & Equipment, Auto Fleet

  • Maintain a well-organized office and shop environment for maximum efficiency.
  • Keep tools and equipment well-maintained and in good working condition.
  • Ensure your auto fleet is reliable and appropriate for the tasks at hand.

Systems and Delegation

  • Implement efficient systems for project management, accounting, and human resources.
  • Delegate responsibilities to team members based on their strengths and skills.

Extra: Financial Literacy

  1. Assets vs Liabilities

    • Understand the difference between assets and liabilities and manage them wisely.
  2. Cashflow Quadrant

    • Learn about the different ways to earn money (employee, self-employed, business owner, investor).
  3. Good & Bad Debt

    • Know how to distinguish between good and bad debt and manage your company's borrowing wisely.
  4. Credit

    • Build and maintain a good credit score to ensure access to favorable financing options.
  5. Mentality

    • Adopt a positive and proactive mindset towards business challenges.
  6. Freedom

    • Strive for financial independence and the freedom to make choices that align with your goals.
  7. Summary

  • Regularly review all aspects of your business to identify areas of improvement and to celebrate successes.

By following this structured approach, you can effectively manage a construction business, ensuring high customer satisfaction, maintaining quality standards, and achieving financial stability and growth.

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3930442
udemy ID
22/03/2021
course created date
24/03/2021
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