The ProfitDig Radio Show

Jeff Spencer talks about newer technology that is helping secure and monitor construction equipment on the jobsite, along with strategies for preventing theft of materials and other items on the jobsite. From ProfitDig - easy job bidding for construction contractors just like you. More and more contractors are making the switch to ProfitDig. Give it a try for $99. No contract required. https://www...

The ProfitDig gang talks about how virtual reality and augmented reality might soon be used in the construction industry. Jeff Givens also discusses an actual use case related to electrification with which he is currently involved. Brought to you ProfitDig - easy job bidding for construction contractors just like you. https://www. ProfitDig.com

Jeff Spencer talks about the need to get up very early in the morning if you want to productive and successful in the construction business. From ProfitDig - easy job bidding for construction contractors just like you. $99/mo. No contract. https://www. ProfitDig.com

Luke Fielder, owner of TriStar Land Solutions, talks about using ProfitDig to create his job bids. We also talk about how ProfitDig makes it easy to track your job costs. From ProfitDig - used by contractors just like you! https://www. ProfitDig.com

ProfitDig co-founder Jeff Spencer gives ten tips for bidding construction jobs for inexperienced company owners or estimators. The list includes the following suggestions: Make sure you have the necessary resources. If you are awarded a project, you are going to have to fund it. Make sure you are not overstepping your boundaries and you are able to perform the work. Make sure you meet the job qual...

Construction company owner, Luke Fielder, discusses the challenges he has faced in his first year as a contractor. Topics include: The seasonality of excavation Finding work during slow periods What Luke has learned about running a business Targeting heavy civil work Competing with uninformed, low budget competitors Tracking job costs The mentality of growing a successful business Finding profitab...

Following is a partial transcript of some of the key points in the conversation between ProfitDig's Jeff Spencer and Marlana Martinez from Under the Mountain Underground, LLC ( https://utmu.rocks ) about bidding excavation work. From ProfitDig - https://www. ProfitDig.com

The ProfitDig guys answer a question a viewer had asked in a video comment. When you bid a GMP ("guaranteed maximum price") contract, you are guaranteeing a maximum price for the customer. However, sometimes change orders are required that will affect your scope of work. You must be careful to qualify your bids to make sure you are protected in such a case. When the GC is locked into a p...

The guys talk about how interest rates are affecting the construction industry. As Jeff explains, one major effect of rising interest rates is a shift from single-family home construction to mult-family construction. People would rather lease during times of high interest than be saddled with a high interest mortgage. Rising interest rates and falling home sales also affect things like contractors...

Working on a construction site that contains a railroad track requires proper permitting. A good engineer on a project will already know what permits are required, but sometimes you may have to do it yourself. A flagger will be required. Those costs must be accounted for in your job bid. Jeff Spencer discusses permitting, the difficulties and technicalities of boring beneath a railroad, the holdup...

 In part 2 of the ProfitDig discussion about construction takeoffs, we talk about the following topics: Timestamp 0:00 Introduction 1:40 Making an outline of your job. 2:20 Be aware of conflicts 4:00 Document your notes 5:10 Get clarification on changes 6:10 Know your drawings 6:50 Be conservative 7:30 Don't push your men too hard 9:00 Set your employees' expectations 10:00 Where you win...

Construction industry veteran, Jeff Spencer, talks about construction takeoffs. Understanding exactly what you are bidding on is critical for performing a profitable job. As a construction company owner and professional project manager, Jeff tells you how he approaches takeoff. The guys talk about it while looking at some plans. Subscribe, share the link, and learn from the ProfitDig guys! ProfitD...

One thing a contractor has to deal with is materials and waste - that stuff has to go somewhere! Construction industry expert, Jeff Spencer, talks about how he handles the situation - including qualifying bids to leave waste material on site, or adjusting bids for the cost of trucking waste offsite. There must be a permanent dumpsite, which will cost you by the ton. You must be strategic when fact...

Construction project manager and ProfitDig co-founder, Jeff Spencer, has had a very successful career in the construction business. Part of his success is just the fact that he is so nice to everyone he meets. The ProfitDig guys talk about simple strategies for growing your business through networking. Growing your network of contacts is critical, and it is important that you maintain relationship...

Working on a construction site that contains a railroad track requires proper permitting. A good engineer on a project will already know what permits are required, but sometimes you may have to do it yourself. A flagger will be required. Those costs must be accounted for in your job bid. Jeff Spencer discusses permitting, the difficulties and technicalities of boring beneath a railroad, the holdup...

When you get into a situation where you are asked to do work outside your scope of work, don't get into a situation where you have to find a sub at the last minute. Get quotes from you subs before you bid a job. If you go to work without a locked in price, you'll be open market when it comes to what you pay (time and materials). There are consultants in the market just bidding work and s...

Jeff Spencer talks about what a contractor needs to be thinking about when the weather starts cooling down. With respect to cold temperatures, all of your equipment needs to be serviced and winterized. From a bidding standpoint, you need to consider what type of work you want to bid on for the Spring. But continue to look for jobs you can during the colder months to keep your crews busy and genera...

When performing work at a site that contains a gasline, you must adhere to the rules and regulations as put forth by the owner of the gasline. A representative from the gas authority will typically be onsite at the job location. Jeff relays a story of his getting in trouble on a job where he did not know he was not even allowed to drive on a property with a gasline. As it turns out, a permit was r...

Jeff Spencer explains that it is up to the project manager to understand the plans and the nature of the jobsite to create and manage a plan for accomplishing the job as cost effectively as possible. But he or she needs to take feedback from the supervisors, foremen and workers at the jobsite with regard to better better ways to perform the work. Listen and learn from a highly experienced construc...

It is important to qualify your bids to protect yourself in the event change orders are needed. When you enter into a contract, it is imperative that you read through it and make sure that everything that pertains to your bid, or part of the job, is qualified. Any that needs to be qualified should be added somewhere in the contract as an exhibit. For example, if you are a grading contractor and do...

We asked #construction expert Jeff Spencer if someone who wants to start a construction company should do so when construction is booming, or wait until he has all the necessary resources and experience, even if the economy isn’t as good. From ProfitDig - easy job bidding for construction contractors. https://www. ProfitDig.com

Construction is a fantastic career choice. It can provide you and your family a very nice living, especially if you proactive in advancing your career. Construction veteran, and ProfitDig co-founder, Jeff Spencer, gives his best advice for working your way up the career latter in construction. What do you want to talk about next time? Comment down below. ProfitDig - easy job bidding and costing fo...

Certificates of insurance (COIs) are used in situations where liability and significant losses are of concern and require one, which is in most business contexts. The ProfitDig guys share how insurance works in a construction. Jeff Spencer also talks about the benefits of COI in individual projects. ProfitDig - easy job bidding and costing for construction contractors. Low monthly fee. Cloud-based...

Luke Fielder is a new excavation company owner currently running a three-man crew. In this second part of our interview with Luke, he talks about some of the jobs he is working on, the problems with trying to find more employees, and the difficulty acquiring the equipment he needs (even rentals) to complete his jobs. He also touches on the fact that his wife plays a critical role in the business b...

A construction bond protects your clients if problems develop with your work. The types of bond include bid, performance, payment, maintenance and supply bonds, among others. In this video, Jeff Spencer explains the difference of bidding bonds and payment and performance bonds. ProfitDig - easy job bidding and costing for construction contractors. Low monthly fee. Cloud-based. No contract. https:/...