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Resource Articles
Our Resource Center provides education on personal and business financial topics, information on online security and fraud prevention, and articles from leaders at Sunflower Bank.
For more resources, check out our Financial Glossary
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Business - Commercial Construction Industry
Motivate with Money
Whatever your decision regarding incentive compensation, the results will vary based on how your program is designed, implemented, and managed.
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Business - Commercial Construction Industry
Field Change Memos Work
The field memo system is a simple way to get a customer’s signature authorizing you to proceed with extra work, and acknowledging you’ll agree on a price later based on pre-approved rates that have been agreed on and attached to your contract.
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Business - Commercial Construction Industry
Focus on Finishing Projects Faster
A project team without a clear knowledge of the contract completion date, or understanding of what is required to make it happen, is a disastrous predicament for a construction company.
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Business - Commercial Construction Industry
Got Profit? Get Profit-Driven
Profit-Driven construction company owners and managers focus on profitable projects, customers, and services. These give you a high return on your assets, time, and energy.
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Business - Commercial Construction Industry
Have You Noticed Me Lately?
By not documenting conflicts or changes in a timely and complete manner, contractors inadvertently shift more responsibility onto their own shoulders and can lose the right to collect. Providing proper notice starts at the beginning of every project. Meet with your customer to discuss the contract terms and what it requires. Review and agree on the project notice and documentation required for every conflict or change. And then be ready to follow the contract.
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Business - Commercial Construction Industry
How Much Profit is Enough? Determining Optimal Profit Goals for Your Business
Companies that track costs, target profit, control overhead, and watch what they keep, are in control, organized, and one-step ahead of their competition.
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Business - Commercial Construction Industry
How to Get Paid Faster
It is impossible to build a business without getting paid. When you don’t get paid on-time, doing good work won’t keep your doors open. Train your customers by insisting on prompt payment. Do more than design, bid, build & bill.
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Business - Commercial Construction Industry
How to Hire the Right Players
To fill available positions with the best people is not an easy task. You must first have a company that is attractive to prospective employees. Then you must have a recruiting program that keeps your pipeline full of available top talent.
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Business - Commercial Construction Industry
Identify Profitable Targets
The outdated strategy of waiting for calls from your same old customers to bid their same type of work now doesn’t give you enough business at the same profit margin. So what must you now do to win the new game of contracting?
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