How Much Does It Cost to Start a Construction Company?
Dreams of starting your own construction company? You’re not alone! Many young construction workers envision one day operating their own business, particularly in the excavation sector. This is a rewarding endeavor but it’s essential to understand the...
The Crucial Role of Accounting for Overhead Costs in Construction Bidding
In the competitive world of construction, winning bids can make or break a company. The ability to accurately estimate project costs is paramount, and overlooking overhead costs can be a costly mistake. Overhead costs are the hidden expenses that keep a construction...
What Does GMP Stand For in Construction?
In the world of construction, there are numerous acronyms and industry-specific terms that can be confusing to newcomers and even seasoned professionals. One such term is GMP, which stands for Guaranteed Maximum Price. GMP is a significant concept in construction...