Questions for Construction Contractors to Know About Business

Do you understand how to determine project mark-up?
What business training have you received?
How are your projects managed?
Do you provide written project reports for the owner?
Do you read the contract to the project owner?
Do you have a format to determine a scope of work for your projects?
How many times to you accomplish cost control reports for a project?
Are there cost variables between different types of repairs, remodels and the size of projects?
Is project hardship a factor in determining project cost?
Is business overhead separate from project overhead?
Is the estimator aware of the cost of business per day to include in the estimate?
What determines the labor burden rate for the project?
Is your business in compliance with Florida Statue 489?
Is Design work a separate business from the construction business?
Have you updated your conditions of the contract?
Is substantial damage determination an issue for obtaining permits?
Do you review local ordinances that effect your projects?
Do you understand the Florida Building Code?
Have you reviewed the Florida Existing Building Code for compliance when contracting remodeling and repair projects?
Do you provide proper jobsite safety signage?
Have you formatted general conditions of the contract?
Do you have additional permit code requirements documented for extra cost?
Are unforeseen project issues covered in the contract.
Does the contract identify unforeseen condition as an extra cost due to the owner has a change order for billing for payment?
Are weather conditions covered has a delay in contract performance?
How is payment generated when the design professional has an error in the design permit plans?
Are termite damages spelled out in the contract?
Is extra work identified as a time extension to the contract?
Do you have a written business plan?
Do you have a marketing plan?
How do you accomplish project cost control?
Do you establish spread sheet estimating?
Is your spread sheets costing itemized for labor cost?
How much does the business cost per day?
Have you determined a PRODUCTIVE HOUR RATE FOR LABOR?
How is productive rate for labor determined?
Are labor rates spelled out in your construction agreement?

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