The key to making money on partially completed projects is thorough due diligence and an incredibly clear understanding of the liability issues. Here's what you need to know
Home builders that have championed trade partner councils (TPCs), and industry consultants who have helped put them together, say having one can pay off with a host of benefits for the builder, and probably even more for participating trades
Jobsite safety is compromised by workers under the influence of alcohol and illicit drugs. It's up to builders and their crews on the ground to implement and enforce a strict drug and alcohol policy
With a few notable exceptions, builders haven't figured out that if they create a disciplined, bulletproof building process, they'll have very few customer issues. And for those who do, they have time to deal with them
Process mapping is a continuous quality improvement approach that can help home builders reduce operational waste and improve product or service quality, customer satisfaction ratings, team productivity and risk management
Few builders take full advantage of value engineering. In most of the home building industry, value engineering's original promises of lower overhead costs and higher product quality remain largely unfulfilled unless collaborative efforts are taken