Keep Your Profits High on a Foundation Drilling Job

As part of the construction industry, your first priority is to generate a profit on your work. Among other types of work, foundation drilling provides an excellent chance to do some great work and earn an excellent profit. Let’s look at a few strategies that are sure to help you get a good return on your job.

Earning a profit on a foundation drilling job is not difficult with a little planning ahead. Here are a few strategies to keep in mind.

Planning Your Construction Work

There are plenty of factors that influence a job as crucial as drilling a foundation for a building. Fortunately, with a little forethought and creative planning, you can accommodate any potential problems and finish the job with a nice profit. Here are a few strategies to keep in mind as you get started:

  1. Plan your work thoroughly
  2. Make a good bid
  3. Know the rules and stick to them
  4. Manage your workday effectively
  5. Get approval quickly

1) Plan Your Work Thoroughly

Generally, before your crew brings in a foundation drill to start work, the client has assembled a detailed plan of what they want done, as well as investigation reports. Dedicate plenty of time to talk with your client and learn all the details of their plans. After all, the first step toward doing a good job is knowing how to satisfy the client.

While you’re still in the planning stage, pay attention to your own crew and machinery as well. Is your crew equipped to do the job? If you need to order any parts for your machines, like a replacement Allison transmission, will it arrive in time for you to start work? Make sure you’re completely ready to tackle the project long before it starts.

2) Make a Good Bid

Your bid hinges on more than how many people are working and how long the job will take. As part of formulating your bid, visit the worksite and examine the conditions and environment. A relatively simple job with a clean worksite won’t require a large bid. However, jobs are rarely this simple. You may find yourself having to remove huge boulders or deal with other time-consuming complications. Of course, this additional labor requires more money and will thus increase your bid. Do whatever investigations and ask any questions you need to to provide as accurate a bid as possible.

3) Know the Rules and Stick to Them

Construction work is required in every city, state, and country imaginable. Unsurprisingly, each region observes its own rules about safe and proper foundation drilling. It’s your responsibility to know what the rules in any particular region are before you begin work there. Not only will this make your life a lot easier, but it will also prove that you’re able to adapt to different circumstances and increase the likelihood of being hired in that region again.

Pro Tip: Chances are that your client is at least somewhat familiar with their location construction laws. In addition to doing your own research, see what the client can tell you about local regulations.

4) Manage Your Workday Effectively

Drilling a foundation is the first of many steps required to constructing a building. Clients have deadlines for their projects’ completion, and many will have the next construction crew lined up to take over when yours finishes. Consequently, you can’t afford to waste any time. While natural disasters or other circumstances out of your control will get a pass, delaying the project because of poor planning on your part (like waiting till the last minute to order a new transmission) reflects poorly on you and only irritates the next crew in line. This early in the project, any delays only force everyone else to wait on you. The best way to avoid this is through effective management of your day-to-day work and sticking to your initial plan.

5) Get Approval Quickly

Your foundation must pass a thorough inspection before the next stage can begin. And don’t start packing up your equipment as soon as the inspector arrives–remember, your job is not complete until the inspector says so. Provide any help they need and answer any questions they may have. The faster your work is approved, the faster you get paid and move on to the next job.

Alternatively, if your foundation fails inspection, consult with the client as soon as possible to determine the new plan. What kind of timeframe do you have to make the necessary changes?

Producing Quality Work

While your priority is making a profit, the client’s priority is getting a quality foundation drilled and prepared for their construction project. A huge part of continuing to make profits on future projects is maintaining a high standard of work and results to keep your clients happy. Excellent results and quality service will go a long way toward keeping your company in the black.ofts

Connect with us to learn more about conducting a great foundation drilling job and earning a profit for your work.