Unfortunately, due to either a lack of experience or an accidental oversight, many general contractors make mistakes that are easy to avoid with proper planning and a commitment to excellence. Whether it’s ignoring safety measures or inaccurate project estimations, you won’t have to worry about rookie mistakes from Neo Construction Partners in Phoenix. That said, you should always be aware of the most common mistakes made by commercial contractors so that you can make the best decisions regarding your project cost estimates.
Sloppy Accounting Practices and Poor Budgeting
To avoid the cost of projects skyrocketing out of control, commercial contractors need to be actively tracking their finances in real-time. For many contractors, this simply doesn’t happen. All too often, expenditures take too long to get reported and are subsequently not properly accounted for, reducing a contractor’s ability to meet financial goals. To remedy this, competent commercial contractors will utilize accounting software,...more
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