How You Ending The Year? - Page 2 - General Discussion - Contractor Talk

How You Ending The Year?

 
Thread Tools Search this Thread Display Modes
Old 11-17-2008, 10:34 AM   #21
Structural Engineer
 
Aggie67's Avatar
 
Trade: Mechanical, Structural
Join Date: Aug 2008
Location: New Jersey
Posts: 513
Rewards Points: 500

Re: How You Ending The Year?


The construction firm I'm partners in had a record volume year, but we've got a slow period of a week or so until the next big jobs start, although we have the NTP's on them, plus a bunch we quoted, plus some good prospects for next year. We're also tight on cash because of some slow payers. We might have to furlough a couple guys, but we're going to ask them to take vacation first and see what happens.

The engineering firm I run on the side also had a record year. Last year I made enough to pay off some bills. For most of this year I made enough to partially pay my mortgage. The last 2 months have been insanely busy. I expect the engineering firm to make me more money than the construction firm in 2009. I'll probably double my income next year, if I can stay sane and not have a heart attack or a stroke.
Aggie67 is offline  

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   

Advertisement

 

Old 11-18-2008, 08:46 AM   #22
Pro
 
buildpinnacle's Avatar
 
Trade: Public Insurance Adjuster
Join Date: Sep 2008
Location: DFW
Posts: 595
Rewards Points: 500

Re: How You Ending The Year?


We've been fortunate, thus far with the 'economy'. Although I can clearly see it, it has not affected us, yet. Large scale projects leads coming in are way down. When I saw it coming a few months back, I got back heavy into primarily fire/water/storm insurance restorations. Just started a $300k gas station burn out that will keep is busy until March. We have a large cedar siding/roofing/deck project and a Kitchen remodel scheduled to start 1st week of Jan. The roofing is still pretty good, but it is all Hurricane Ike and leftover hail work. We have a couple oil/gas companies that are always doing some remodeling, but that will soon change as well with the oil prices plummeting.

With things looking the way they do, I plan to increase advertising to try to get to a larger percentage of the market. I don't know what we would be doing if we didn't have a solid stake in the insurance market. Lots of fires this time of year and those are good rehab jobs. Somewhat recession proof.
__________________
Pinnacle Limited - Public Insurance Adjusters
http://pinnaclelimited.com
http://harrycane.com - An Amusement Park for Weather Freaks
buildpinnacle is offline  
Old 11-19-2008, 02:04 PM   #23
 
Xpress's Avatar
 
Join Date: Sep 2008
Posts: 4
Rewards Points: 10

Re: How You Ending The Year?


Down here in San Antonio, Texas I am losing bids left and right due to cheap laborers. People don't seem to understand the value in good workmanship, and that since I put an installation warranty on all jobs it means the job will be done right so we don't have to waste out time and money correcting/repairing.
Example: I charge $4.00/sq.yd. on basic carpet installation. However, thanks to the incredible amount of illegal day laborers, other companies who use these guys can charge as low as $2.00/sq.yd. The problem is that I have ethics and will not use these types of laborers because of legal aspects, and I have liability insurance which makes me responsible for onsite accidents. I know a contractor who lost his business because a day laborer cut his finger off, had to go to the ER and was deported. The contractor was insured and responsible for the ER bill, was reported to the feds, heavily fined, and lost his business and the ability to do business in the state.

By the way all of my installers are legal workers, do fabulous work, and are paid well for the jobs they do, not taken advantage of like day laborers are. Like I said I have ethics.
Xpress is offline  
Sponsored Links
Advertisement
 
Old 11-19-2008, 06:12 PM   #24
A bit abrasive.
 
WisePainter's Avatar
 
Trade: Painting
Join Date: Sep 2008
Location: KC KS/MO
Posts: 1,529
Rewards Points: 1,000

Re: How You Ending The Year?


Quote:
Originally Posted by Bodger View Post
Let me guess: They're adding on to the scope of the job but still want to be completely finished by the second week of December.
I've never said it to a client, but have thought it many times:
"Lack of planning on your part does not constitute an emergency on my part."
I was just given the heads up that the HO does not expect to move in any time soon...



How often does that happen?!?

I still gotta work like a machine, the great room has 9 trays that are separated by massive wood beams @ 600 sq. ft. total area.
The ceiling is about 16 ft. high.
Should be interesting to scrape, skim, and paint.

__________________
My advice: Hire a real painter to do it.
WisePainter is offline  
Old 11-19-2008, 07:55 PM   #25
A stickler for excellence
 
CSB's Avatar
 
Trade: Roofing
Join Date: Nov 2007
Posts: 117
Rewards Points: 91

Re: How You Ending The Year?


Quote:
Originally Posted by Xpress View Post
Down here in San Antonio, Texas I am losing bids left and right due to cheap laborers. People don't seem to understand the value in good workmanship, and that since I put an installation warranty on all jobs it means the job will be done right so we don't have to waste out time and money correcting/repairing.
Example: I charge $4.00/sq.yd. on basic carpet installation. However, thanks to the incredible amount of illegal day laborers, other companies who use these guys can charge as low as $2.00/sq.yd. The problem is that I have ethics and will not use these types of laborers because of legal aspects, and I have liability insurance which makes me responsible for onsite accidents.
We're in the same boat. The Phoenix market is terrible to say the least, and its hard to win the few bids we submit because people dont realize that the bitterness of poor quality lingers long after the sweetness of a low price is forgotten
CSB is offline  
Old 11-19-2008, 09:37 PM   #26
Pro
 
Bodger's Avatar
 
Trade: GC
Join Date: Oct 2008
Posts: 2,522
Rewards Points: 2,024

Re: How You Ending The Year?


...people dont realize that the bitterness of poor quality lingers long after the sweetness of a low price is forgotten[/quote]
Excellent quote. I'm in the Southern California market and as far as I'm concerned, it has gone to hell in a hand basket due to all the illegals and the fact that so many contractors are willing to use them so they can make more for themselves. And of course, the illegals themselves posing as legit contractors.
But this is a sanctuary region. And illegals can do wahtever they want basically. Peddle fruit on the street corner out here with no city business license, no health department certificate of inspection, and pay no taxes whatsoever. If I tried to do that, they'd put me UNDER the jail.
Bodger is offline  
Old 11-19-2008, 09:41 PM   #27
Flooring Guru
 
Floorwizard's Avatar
 
Trade: Sales Manager
Join Date: Sep 2003
Location: Anchorage, AK
Posts: 2,794
Rewards Points: 2,000

Re: How You Ending The Year?


We are down about 3-5%

I feel very lucky.
__________________
------------------------
"in 20 years you will regret more what you did not do than what you did"
Floorwizard is offline  
Old 11-19-2008, 09:47 PM   #28
Pro
 
Bodger's Avatar
 
Trade: GC
Join Date: Oct 2008
Posts: 2,522
Rewards Points: 2,024

Re: How You Ending The Year?


Quote:
Originally Posted by WisePainter View Post
I was just given the heads up that the HO does not expect to move in any time soon...



How often does that happen?!?



Rare for sure. If that happened right now on my current project I'd feel like I got a reprieve from the governor.
Bodger is offline  
Old 11-20-2008, 02:40 PM   #29
 
Fla Air Temp's Avatar
 
Join Date: Mar 2008
Posts: 15
Rewards Points: 10

Re: How You Ending The Year?


Our sales are down due to a cooler summer and alot of rain in June and July. We made some cut backs. Now we will have the sales down and net profit up. Sometimes a bad economy makes you leaner, and that is a good thing when the economy turns around. Good luck to all.
Fla Air Temp is offline  
Old 11-25-2008, 12:03 PM   #30
 
D.C.P.B.'s Avatar
 
Join Date: Aug 2008
Posts: 25
Rewards Points: 10
Cool

Re: How You Ending The Year?


We are staying busy. I cant say there is a lot of profit in all of our projects but we are staying busy and making ends meet. I have a lot of jobs on my schedule; they pay the bills. Nothing left over for savings but the bills are paid. It could be a lot worse and I am thankful for every new project we get! Good luck to everyone
D.C.P.B. is offline  
Old 11-25-2008, 12:34 PM   #31
 
Burby's Avatar
 
Join Date: Nov 2008
Posts: 359
Rewards Points: 250

Re: How You Ending The Year?


This whole economy is going to create changes for us all, but I still believe in the end trades will do great & I believe this change has been needed for a long time.
There has been to much free money out there for to many and as with any State building boom that blows up, settles down, then stabilizes and all do good with lessons learnt. I believe the building boom in the Country as a whole will do the very same.
Ones that bought everything new while the boom was here, just because they could, will be the ones to hurt most.
Anyone who has been Construction for a period of time & knows it is always best to save first, buy as needed, will do great thru these times.
Those in Construction trying to hire "good & qualified worker" during busy times, know that is almost impossible, because if good & qualified, they have secure jobs and rarely looking. The same applies to every business owner in these times.
The market has a way of working things out and it always will.
There is a lot of opportunity out there right now. People may not be spending on items not truly needed, but if there is a house, there is work.
It will take so many of us to repair & clean up a lot of the building that should not have been built. When this is over we will once again get back to normal construction of new homes with lessons learnt.
Hoepfully, everyone will learn some lessons and we each will never have to live thru another time in our lives as what we are and are going to live thu in the year to come.
I believe the glass is half full & regardless where the economy ends up, always will.

If someone ask me if I can drop my price, I tell them I don't have the time!
We can use some of this time to get our own projects completed.
I trust in America, the American way & always will..

Best to all & thru these times, find the deals out there, there are plenty to be had. Thru these times we can take some free time, we may find we have, to give back to the communities that helped us to get where we are today.
Burby is offline  
Old 11-25-2008, 05:20 PM   #32
Pro
 
Bodger's Avatar
 
Trade: GC
Join Date: Oct 2008
Posts: 2,522
Rewards Points: 2,024

Re: How You Ending The Year?


Quote:
Originally Posted by Burby View Post
This whole economy is going to create changes for us all, but I still believe in the end trades will do great & I believe this change has been needed for a long time.
There has been to much free money out there for to many and as with any State building boom that blows up, settles down, then stabilizes and all do good with lessons learnt. I believe the building boom in the Country as a whole will do the very same.
Ones that bought everything new while the boom was here, just because they could, will be the ones to hurt most.
Anyone who has been Construction for a period of time & knows it is always best to save first, buy as needed, will do great thru these times.
Those in Construction trying to hire "good & qualified worker" during busy times, know that is almost impossible, because if good & qualified, they have secure jobs and rarely looking. The same applies to every business owner in these times.
The market has a way of working things out and it always will.
There is a lot of opportunity out there right now. People may not be spending on items not truly needed, but if there is a house, there is work.
It will take so many of us to repair & clean up a lot of the building that should not have been built. When this is over we will once again get back to normal construction of new homes with lessons learnt.
Hoepfully, everyone will learn some lessons and we each will never have to live thru another time in our lives as what we are and are going to live thu in the year to come.
I believe the glass is half full & regardless where the economy ends up, always will.

If someone ask me if I can drop my price, I tell them I don't have the time!
We can use some of this time to get our own projects completed.
I trust in America, the American way & always will..

Best to all & thru these times, find the deals out there, there are plenty to be had. Thru these times we can take some free time, we may find we have, to give back to the communities that helped us to get where we are today.
Righto Burby!
The natural cycle of feast, famine and all in between, but we are always lucky to be living in the USA!
Ain't nuthin' beatin' it!
Bodger is offline  
Old 11-25-2008, 07:18 PM   #33
 
CF Construction's Avatar
 
Join Date: Nov 2008
Posts: 162
Rewards Points: 150

Re: How You Ending The Year?


We had a pretty good year this year. We're about to start a project next month building a brand new home in Miami Beach. We're also about to start a complete remodeling in a high rise luxury condo out in South Beach as well. Waiting to hear what's going on with 4 other bids we recently submitted. And in the process of completing a remodeling for a spa and a major remodeling in some corporate offices.

We've amped up our marketing and it's paying off. We're trying to get more work though, but not too many where we'll hurt our name and reputation.

Advertisement

CF Construction is offline  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
every year house Traditions2 Painting & Finish Work Picture Post 3 12-06-2010 11:48 PM
Profit Talk - What's The Year Net? bradjacob Business 27 11-14-2008 09:06 AM
How many Pools a year? ruskent Pool Construction & Enclosures 10 02-21-2007 10:19 PM
It's been 1 year ron schenker Off Topic (Non Trade) 3 12-08-2006 09:17 PM
!!!! Thrust block your valves or ending water Stubs... Little Excavation & Site Work 14 10-18-2006 10:18 PM

Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?