ClockShark Blog

How to Tackle the Fluctuating Cash Flow of a Project-Based Business

October 16, 2018

How to Tackle the Fluctuating Cash Flow of a Project-Based Business Image

Forecasting your cash flow to avoid lumps and bumps It is a myth universally accepted, that cash flow forecasting is only for businesses in a cash crisis. However, for businesses that have fluctuating cash flow, forecasting can be an invaluable tool in taking advantage of the highs and tackling the lows. What fluctuating cash flow […]

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Do You Have Good Communication On Your Construction Project?

August 21, 2018

good communication

Good Communication Is Essential on Construction Projects Let’s talk good communication. The famous playwright George Shaw wrote that “the single biggest problem in communication is the illusion that it has taken place.”  We all communicate every day, but is our communication effective? One of the most important aspects of managing a construction project is being […]

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Four Ways Poor Logistics Management Can Affect Your Business

August 7, 2018

4 ways poor logistics management can affect your business image

Logistics management is the cornerstone of any successful business. While we’ve talked about common mistakes in “Who Else Wants Better Construction Project Logistics?” , we haven’t talked about the consequences that those mistakes can have on the health of your business. Let’s be extremely clear: these mistakes have serious consequences and you need to be […]

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4 Crucial Areas to Track for Business Success

July 17, 2018

4 Crucial Areas to Track for Business Success Image

Running a successful business is no fly-by-the-seat-of-your-pants endeavor. While you may have gotten along fine thus far, both data and best business practices agree — you need to track your business. What does “track” mean? In a business context, it means to record with accuracy and analyze thoroughly. Why track? Simply put, to stop surviving […]

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What Impacts Your Company’s Reputation?

June 26, 2018

What Impacts your compan's reputation? Image

Contractors are only as good as their last mistake. So is their reputation.  Unfortunately, most people remember faults and very few remember excellent work and successful projects. When asked which restaurants gave you good service or tasty food you’ll probably have to think, but if you’re asked which restaurant gave you bad service or poor […]

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You Can Have Boundaries and Still Be Nice

June 19, 2018

Are you too nice? This may seem a strange question. Especially in construction. Being nice is nice, but here’s what you have to watch out for. I was watching a business program the other night in which a mentor was helping a struggling small business. After watching the owner serve customers, the mentor noticed that […]

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Can a Client Ask a Contractor to Give Money Back?

June 12, 2018

Contractors are usually quick to submit variation claims to the client asking for additional time and/or money. These claims are a result of changes and additions that the client has made to the works, or because the conditions which could have been expected on the project are different (more adverse) than those actually encountered. But, […]

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When You Can’t Claim for a Delay

June 5, 2018

In a previous article, I discussed reasons that contractors can claim a delay on their project. Unfortunately, some contractors submit delay claims to which they aren’t entitled. This may be because they don’t understand the contract document or the basics of construction variation claims. Regrettably, some contractors are just serial claimants claiming for anything and […]

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Can I Claim for Additional Time on My Construction Project?

May 29, 2018

All too often, construction projects are finished late. Usually, the contractor is blamed. Contractors inevitably lose money because they are on the project longer than they planned to be. In addition, they are often penalized by the client for finishing late. But, is it always the contractor’s fault? Many of the delays experienced on a […]

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Is It Your Job to Find Work for Your Company?

May 22, 2018

Who is responsible for obtaining work in your company? Inevitably, most will answer that the estimator, owner, or some senior manager must find and win work. Yet, the responsibility of procuring work lies with everyone in the company. Management’s Role in Winning Projects. Management must: Ensure that the estimating team has the right resources (including […]

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