flexiblefullpage - default
interstitial1 - interstitial
Currently Reading

Taking On A Challenge

Advertisement
billboard -
Business

Taking On A Challenge

Increasing the size and price point of your projects can improve your company’s revenue and reputation


By By Josh Baker January 23, 2019
This article first appeared in the January 2019 issue of Pro Remodeler.

It’s easy to underestimate the manpower and management required to run a large project efficiently. As a company specializing in remodels costing $250K and up, we’ve found that on jobs exceeding $750K, the complexity can quickly wreak havoc on the project, your company, and your bottom line. 

Here are a few steps for growing the size of your remodels without overwhelming your company:

Inventory Company Resources

Field experience and technical knowledge are key on large jobs. Take stock of your team’s experience, strengths, specialties, and ability to handle obstacles. You might have a team and enough subs for a two- bathroom project, but not nearly enough manpower and know-how to complete a four- or five-bathroom project.

Even more critical are your employees’ communication, planning, and problem-solving skills. Larger projects means your team must know how to effectively talk to one another, the suppliers, and the clients while also keeping an up-to-date schedule and tackling any unforeseens that arise. That intensified level of project management is not in everyone’s skill set, so evaluate your team honestly before agreeing to a larger project. 

Using a CPM breaks down complicated jobs into an easy-to-read visual that shows how much time each stage takes and which activities need attention when.

Draft a Detailed Plan

Our construction timelines are tailored to each job, and the production manager heads the process, working with the superintendent and on-site team to create a detailed critical path method (CPM) plan. Using a CPM breaks down complicated jobs into an easy-to-read visual that shows how much time each stage takes and which activities need attention when. The CPM is updated as we progress, and helps give clients realistic expectations for a project’s completion date.

Clients who are investing more in a project expect a higher level of communication. Weekly meetings with the client are critical for managing the schedule and expectations. Any further communication is decided upon between the client and the job superintendent. Learn your client’s preferences and stick to them.

Reevaluate

If your projects are typically $50K-75K, try a $200K project before making the jump to, say, $500K. As you get a few of those under your belt, determine what’s going well and what still needs improvement. An error made on a $200K job can be remedied more easily than a comparable mistake on a $750K job. Not only is there less revenue at stake, but when you approach those higher price points, you’ve often got site work and heavy structural elements to handle. 


written by

Josh Baker

Josh Baker is the founder and co-chairman of BOWA,  a renowned remodeling company specializing in luxury renovations near Washington D.C. 

Related Stories

Why I Hired a Recruiter

Here’s how and why a remodeling business owner chose the recruiter route

5 Things To Do About "It"

Although the changing economy and resulting consumer behaviors may feel out of your control, there are still a few impactful things you can do

Does Encouragement Really Matter?

Home improvement industry leader Brian Gottlieb shares the importance of encouragement for any business

Tips to Get Started on Your Exit Strategy

It’s never too early to begin planning the next stage of your life. Industry advisor Mark Richardson offers some tips to get started

The Pinnacle Experience Delivers the Must-Attend Event of 2022

The happening unveils a fresh, innovative format ensuring more value, excitement, knowledge, and fun – but none of what is boring about conventional-style conventions.

Are You a Farmer or a Hunter?

Industry advisor Mark Richardson says that over the last year, there’s been a major shift in the remodeling business from a farming mentality to a hunting skill set

A Stressful Purchase: Remodeling in Times of Uncertainty

How should remodelers react to anxious consumers? Director of Content Erika Mosse shares her experience

The Argument for a Four Day Remodeling Work Week

The four-day work week has a global spotlight—could it work in remodeling?

How We Nurture Trade Partner Relationships

Here's what the director of production of a $36 million company does to strengthen trade partner relationships

5 Client Red Flags to Watch

Using these guidelines in the first meeting can save a lot of time and energy down the road

Advertisement
boombox1 -
Advertisement
native1 -

More in Category


Business

5 Things To Do About "It"

Although the changing economy and resulting consumer behaviors may feel out of your control, there are still a few impactful things you can do



Advertisement
native2 -
Advertisement
halfpage1 -