Last month in this space, I reviewed a series of market projections for 2014 from Harvard University as well as the industry’s leading associations.
Maintaining schedules depends on maintaining close relations with subcontractors.
Maintaining schedules depends on maintaining close relations with subcontractors. Some subs can be booked up as far as a month or more in advance, requiring contractors to adhere to their schedules and strive to remain the sub’s top priority. Friedell Co. achieves this through these activities:
- Communicating right from the beginning and updating subs regularly so the project moves smoothly and the sub knows what to expect.
- Requiring written bids and stressing that subs adhere to those costs unless change orders arise.
- Paying immediately -- all bills received by Wednesday are paid by Friday. "That earns us a lot of loyalty," Roger Friedell says. "That lets them budget their own cash flow and depend on us. It makes us stand out."
Right on Schedule
Key Delays When on the Job