By – nsjfinancialservices
24.08.22 04:45 PM
As a contractor whether you are a Mason, plumber, electrician, or general contractor, there are several challenges you face that can cost you money and opportunities.
Here are 5 common problems faced by contractors.
Contract Pricing
Don’t fall into the trap of price wars when bidding for contracts.
NSJ helps you create a solid pricing strategy that not only ensures you cover the project AND profit but also allows you to highlight what makes you highlight the key features that make you stand out compared to your competitors.
Registered as the wrong business type
Most contractors that are successful with big contracts are limited liability companies. Big corporation contracts & government contracts prefer to hire companies compared to individuals. When registered as a sole trader, by law you are seen as an individual.
NSJ can change your business from a Sole Trader to a Limited Liability to boost your chances.
Incomplete applications
Relying on the ministry to provide your clearance certificates is detrimental to your business.
TIP!
Always have a valid clearance certificate on hand in case an opportunity presents itself.
Utilize NSJ’s document procurement service so you always have the necessary documents to run your operations.
Overpriced labor costs
Contract, Contract, CONTRACT!
Let’s face it, 99% of contracted work is never completed on time. Therefore it is wise to lock your subcontracts in a contract that is based on completing a job and not by the days. That way they can be held accountable.
Utilize NSJ’s Contract Creation services!
Lack of knowledge
Hire our experts!
There’s no need for you to be lost, confused and in turn, miss out on major contracts and money. Get NSJ onboard to handle your costing, tax filings, payroll & VAT payments.
You can focus on getting new contracts and we’ll handle the numbers. Click on the link in the Bio to book a call.
