Contractors, You Need To Charge More….


Brad from Home Love Construction is addressing contractors today. He believes that most contractors are not charging enough for their services and wants to trigger them to think about their margins. Brad argues that contractors need to think about what they’re charging not only to make more money, but also to be happier and compensate their staff adequately. In the construction industry, it takes a lot of coordination and decision making to get the job done, and Brad argues that this kind of work deserves a salary of at least $120,000 per year. He believes that to attract and retain the talent that is capable of providing excellent service to clients, contractors need to pay their employees enough.


Brad says that at the end of the day, everything in the contracting business comes down to money and that people need to be compensated adequately for their work. He says that the 10% overhead and 10% profit model is not enough to sustain a construction business and that it quickly becomes challenging to grow and hire new talent.


Brad also touches on the importance of background checks for contractors and the cost associated with them. He argues that background checks cost money, and if contractors have a high turnover rate, it becomes challenging to afford the cost of background checks for all employees.


Brad believes that inadequate funding is the root cause of all woes in the contracting business. He says that the main reason contractors struggle is because they don’t charge enough for their services. He stresses that if contractors want to grow their business and provide excellent service to their clients, they need to have the funds to do so.


Brad argues that if a contractor is doing $3 million in business in a year, they’re affecting many people and changing lives, but if they only have 10% overhead and 10% profit, it becomes challenging to grow their business and hire new talent. He says that expenses such as insurance, a CRM system, phones, an office, and advertising quickly eat away at the profit margin.


In conclusion, Brad is urging contractors to think about their margins and consider charging more for their services. He believes that by charging more, contractors can attract and retain the talent that is capable of providing excellent service to clients. He also argues that charging more is essential for contractors to have the funds to grow their business and make a positive impact on the lives of their clients.

Apollo Nava