When a contractor estimates a new, remodel or renovation project he must determine the construction equipment costs that will become part of the contractor’s overhead expense. Estimating the cost of equipment for a project can be as challenging as calculating his labor costs. It will depend greatly on whether the equipment needed is owned by…
Contractor markup is a given when hiring a contractor for your project. You will have a bid or negotiated contract that will include a percentage for the contractor’s overhead and profit. If you have requested a cost breakdown from your contractor you will likely see a percentage for their markup or profit. What you probably…
Overhead Costs – The Difference Between Direct and Indirect
Included in every estimate for any construction or reno...
Your Risk When a Contractor Does Not Pull Permits
Whether performing remodel work or new construction, wh...
Contractor Markup – What are you really paying?
Contractor markup is a given when hiring a contractor f...
Construction Contingency May Be a Point of Contention When Building
A construction contingency, as it relates to a build pr...
Construction Errors have a Claim Statute by State
Construction errors or defects can be simply described...
