View Poll Results: How would you prefer to complete $1,000,000 of work?
10,000 $100 projects 0 0%
1,000 $1,000 projects 2 4.65%
100 $10,000 projects 20 46.51%
10 $100,000 projects 15 34.88%
1 $1,000,000 projects 6 13.95%
Voters: 43. You may not vote on this poll

How Would You Prefer To Do $1,000,000 Of Work.

 
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Old 03-08-2015, 10:34 AM   #1
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How Would You Prefer To Do $1,000,000 Of Work.


10,000 $100 projects

1,000 1,000 projects

100 10,000 projects

10 $100,000 projects

1 $1,000,000 projects
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Old 03-08-2015, 10:38 AM   #2
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Re: How Would You Prefer To Do $1,000,000 Of Work.


I prefer the 1 - $1,000,000.00 project. Less administration, you know where the guys are going everyday for a few months, all around easier on everyone

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Old 03-08-2015, 10:45 AM   #3
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Re: How Would You Prefer To Do $1,000,000 Of Work.


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Originally Posted by Chris Johnson View Post
I prefer the 1 - $1,000,000.00 project. Less administration, you know where the guys are going everyday for a few months, all around easier on everyone
The problem I have is working capital. I find on average you need about 35% working capital to carry you through until you get paid. I'd have a hard time financing a million dollar job, but I have no trouble with the 100K range.

Now this varies from profession to profession, but many of my projects can be very capital intensive.

It can take just as much time and effort to sell a $100 job as it does to sell a $100K job.
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Old 03-08-2015, 10:47 AM   #4
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Re: How Would You Prefer To Do $1,000,000 Of Work.


I finance nothing but my own personal luxuries.

1 at 1,000,000 for me.
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Old 03-08-2015, 10:51 AM   #5
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Re: How Would You Prefer To Do $1,000,000 Of Work.


My reasoning comes down to biding. I typically bid with confidence. At the 100k range I feel great. Triple that and I am starting to question myself. I like when the end of a project is close enough to the start that you can get a real good feel for how its going. I hope to improve so I can bid on any size project with confidence.
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Old 03-08-2015, 10:55 AM   #6
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Re: How Would You Prefer To Do $1,000,000 Of Work.


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Originally Posted by FrankSmith View Post
My reasoning comes down to biding. I typically bid with confidence. At the 100k range I feel great. Triple that and I am starting to question myself. I like when the end of a project is close enough to the start that you can get a real good feel for how its going. I hope to improve so I can bid on any size project with confidence.
It's different for me, my bids are somewhat formulaic. I bid a 10K job in the same fashion as a 100K job.
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Old 03-08-2015, 11:06 AM   #7
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Re: How Would You Prefer To Do $1,000,000 Of Work.


I am comfortable up to 100k generally. I have only had one bid over 100, and that job has not been awarded yet. I do like bigger jobs for the reasons Chris gave.
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Old 03-08-2015, 11:16 AM   #8
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Re: How Would You Prefer To Do $1,000,000 Of Work.


1-500,000 and then 5 @ 100,000 A million dollar job takes you out of the market for a while if your smaller. People will only wait so long.
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Old 03-08-2015, 11:57 AM   #9
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Re: How Would You Prefer To Do $1,000,000 Of Work.


Guess I will buck the trend a bit. I prefer projects in the $20,000 range. So I will say 50 $20,000 projects. My small company is just set up better for these types of projects. And the risk of losing big is smaller (per job). The one job last year that approached $100k just lasted too long for us and I didn't enjoy it in the end. I prefer to get something done and move on.
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Old 03-08-2015, 12:18 PM   #10
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Re: How Would You Prefer To Do $1,000,000 Of Work.


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Originally Posted by BradingCon View Post
Guess I will buck the trend a bit. I prefer projects in the $20,000 range. So I will say 50 $20,000 projects. My small company is just set up better for these types of projects. And the risk of losing big is smaller (per job). The one job last year that approached $100k just lasted too long for us and I didn't enjoy it in the end. I prefer to get something done and move on.

I'm the same way. I don't like doing the really small jobs because of time wasted with admin, running around between jobs, loading/unloading, etc.

I can be more profitable with a larger job in the $20k - $40k range that takes 4-6 weeks. Longer than that and I can't wait to finish and move to the next project.
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Old 03-08-2015, 12:28 PM   #11
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Re: How Would You Prefer To Do $1,000,000 Of Work.


As a one man band, I prefer jobs in the 10,000 dollar range with a scattering of 2,500 to 5,000 dollar jobs in between. In and out or the 10,000 dollar jobs are just long enough when I do all the work myself depending on what it is.

I've run some 250,000 to 1,000,000 dollar jobs. While it is nice to go to the same place for a while, it starts to get tedious. Ours were single trade jobs, the siding portion, so there wasn't much variety and I was just a glorified babysitter.
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Old 03-08-2015, 12:34 PM   #12
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Re: How Would You Prefer To Do $1,000,000 Of Work.


I love seeing new sites everyday. Have done many condo complexes and I'm sick of looking at them after few months. We end up averaging about 30-40 $1000-1500 dollar jobs per month. True definition of a rat race but most service business's are. So id be in for the 1000 of the $1000 dollar jobs

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Old 03-08-2015, 01:07 PM   #13
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Re: How Would You Prefer To Do $1,000,000 Of Work.


I think I would like the 50 to 100 k range
I wouldn't like to be stuck in the same place all year
And I really hate moving around every week
So somewhere in the middle for me
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Old 03-08-2015, 01:16 PM   #14
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Re: How Would You Prefer To Do $1,000,000 Of Work.


1 at $1mil or 2 at $500k. Admin/management is basically the same for me no matter the size.
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Old 03-08-2015, 01:55 PM   #15
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Re: How Would You Prefer To Do $1,000,000 Of Work.


We prefer 4 - $250k or 5 - $200k projects just seems to be our bread and butter.

Weve done a few $1mil projects and like Overanalyze said they take you out of the market place for a long time and its hard to get the pipeline filled again after. After one of our large projects I honestly forgot how to make a presentation it had been so long since I had to make one
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Old 03-08-2015, 02:23 PM   #16
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Re: How Would You Prefer To Do $1,000,000 Of Work.


4 250k jobs. Personally if I'm on a job for too long I get tired of it.
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Old 03-08-2015, 02:43 PM   #17
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Re: How Would You Prefer To Do $1,000,000 Of Work.


I would prefer a $5mil lottery ticket. Lump-sum, after taxes, $1mil.

But since that isn't an option, 10 $100k jobs.
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Old 03-08-2015, 02:49 PM   #18
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Re: How Would You Prefer To Do $1,000,000 Of Work.


I prefer to double the gross number. Lol

2 at 250, and then a bunch of jobs 10-30k. We make the most money on on the smaller jobs, especially when the overhead is covered with the bigger stuff.

One job wouldn't work for us. My crew does all the carpentry, sometimes from form work through cabinets, although we are trying to stay out of form work. So in the in between times when MEPs, drywall, ect.... is being done i wouldn't have anything for them to do.
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Old 03-08-2015, 02:55 PM   #19
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Re: How Would You Prefer To Do $1,000,000 Of Work.


100 10k jobs.

12 jobs a month for 9 months. 3 months off. Its wonderful.
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Old 03-08-2015, 03:03 PM   #20
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Re: How Would You Prefer To Do $1,000,000 Of Work.


Quote:
Originally Posted by T-Hussy View Post
1 at $1mil or 2 at $500k. Admin/management is basically the same for me no matter the size.
How does that work out?

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