Contract Management

There are almost an infinite number of business systems you can put into place to have everything run on virtual auto-pilot. Implementation of various Systems is an essential step to providing you the freedom to choose to do as you wish.

The Systems

How do you think McDonald’s can produce the EXACT same product time after time, from city to city, with completely different people producing that product?

They are masters at implementing systems.

Do you think the owner of the McDonald’s franchise is actually in the restaurant every day, making hamburgers and cleaning the kitchen?  Probably not! (although that may be what he WANTS to do)

He has many systems set up so he can concentrate on what HE wants from the business.

As an owner of a construction business, you will need to set up some very specific systems in order for your company to be profitable.

You may already have some systems in place and never paused to realize that they are “systems”, it’s just “the way it’s always been done”. 

At a minimum, you must have a System set for the following areas of your business, in no particular order:

1. Estimating/Bidding Systems
2. Marketing and Sales Systems
3. Project Management Systems
4. Financial Management Systems
5. Office Organization Systems
6. Time Management Systems
7. Contract, Forms & Document Systems

There may be others you can think of, and there are definitely many more systems within each broad category above.  But it is a good starting point.

But again, as the title above indicates, you MUST implement the system for it to even have a chance at becoming effective and Profit-Building!

The Implementation

The implementation of systems, ideas and suggestions is by far the number-one hurdle I see most contractors stumble over.

You can be spoon-fed all the information you need, be shown exactly what to do and how to do it, and even pay someone to motivate you and your employees.

But nothing will EVER get put into place without ACTION on your end.  Swift, deliberate, massive ACTION.

It is up to you, and you alone to decide that change is indeed necessary, then do something about it!

In a nutshell:

1. See a problem
2. Fix it NOW
3. Go to the next problem
4. Repeat steps 2-3 until you are getting what you want!

 

Dave Fadorsen
http://www.articlesbase.com/strategic-planning-articles/setting-up-and-implementing-systems-in-your-construction-business-695260.html

Contract Management Training