How to select the right projects

Contractor Success Forum

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How do you decide which projects to pursue? This topic may seem basic for experienced contractors, but if you bid on projects without taking time to consider a defined list of variables and how they could affect your success, you need to listen to this week's episode.
Topics we cover in this episode include:

• How finding your sweet spot allows you to choose the best projects for you
• Understanding whether a project fits your capacity and capabilities
• The importance of considerations like location, competition, subcontractor availability, and potential risks
• How variable costs and unknown delays can kill a project
• Why you shouldn't bid every job you come across

LINKS
Visit the episode page at https://contractorsuccessforum.com/projects for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum
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Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.com

Join the Profit First for Construction community!
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

챕터

1. How to select the right projects for your company (00:00:00)

2. How finding your sweet spot helps you pick the right projects (00:02:03)

3. Consider the type of project and how it fits with your capacity and capabilities (00:04:42)

4. Consider the project location (00:05:26)

5. Don't bid every job you come across (00:06:07)

6. Consider the constraints of the project (00:09:25)

7. Find out if your subcontractors are available for the project (00:11:23)

8. Consider the variable costs of the project (00:11:44)

9. Consider if you have the equipment and labor needed for the project (00:14:54)

10. Consider who will be working on the job and whether you work well together (00:15:05)

11. Get clear on your values and strengths to understand which projects are best for you (00:16:55)

12. Consider how the job will affect your cash flow (00:19:50)

13. Consider the competition (00:21:27)

14. Consider the risk (00:21:42)