by Zoltan Szentirmay | Feb 13, 2023 | Costing
Rising interest rates are increasing the complexity of operating a profitable construction business. Why? Because the longer a project takes to reach a payment milestone, the longer you need to wait for payment. If you rely on a bank overdraft or business loan,...
by Zoltan Szentirmay | Jan 12, 2023 | Costing
One of the most common issues in the construction industry, is the inability for businesses to movebeyond a certain level. Their owners can see the potential. They have the enthusiasm and workethic to do more. But no matter how hard they work or how hard they try,...
by Zoltan Szentirmay | Nov 9, 2022 | Costing, Project Management
For many businesses in the construction industry, the last few years have seen enormous growth. But this growth has created several challenges – especially with ongoing materials and worker shortages. Now rapidly rising material costs, labour hire costs and interest...
by Zoltan Szentirmay | Oct 3, 2022 | Costing
We all have things in our life that we don’t want to deal with. So we put them off for as long as possible. But when it comes to the ATO, never put off dealing with them – especially now that their pandemic leniency is over. We are seeing the Tax Department contacting...
by Zoltan Szentirmay | Sep 13, 2022 | Business Building, Construction
With rising materials and labour costs, plus the endless delays caused by labour and material shortages, profit margins are shrinking in the construction industry. In this situation, it’s tempting to believe increasing your sales will lead to increased profits. While...