Construction has three important business functions:

Contractors often ignore one or more of these pillars to a successful company.

Acquisition: Many contractors do not know their costs. They bid to get the job, but with small profit margins, they get short term cash flow and put their company in a tentative financial position. Actively bid, but unless there is good reason, don't slash your costs for a temporary win on a losing job.

Construction: Your skilled craft workers know their job. But with tight margins, your field personnel must know how the job was bid and how to execute the plan with minimal variance. They must also know when and how to obtain change orders. A profitable construction project includes management of  personnel, sub-contractors, suppliers and owner's representatives to ensure the job is done on-time and within budget.

Accounting: This provides the score card on the alignment of different areas on the job. A system to capture your true job costs allows you to fix any areas needing correction.

If you can align these three functions, you can create a performance edge over your competitors that shows owners they have an advantage selecting your company as their contractor.