December 16, 2015-January 5, 2016 —
COLORADO REAL ESTATE JOURNAL
— Page 31
ASAC COMMITTEES
& COUNCILS
ASAC delivers advocacy, education and
networking through the Dream Team
Committee that coordinates 4 committees
that plan and execute their initiatives and
objectives through Councils. To become a
part of and participate contact the ASAC
office at 303.759.8260.
Dream Team Committee
Debra Scifo, Chair
Carl Cox III, Vice Chair/Excel
Environmental, Inc.
Communication & Marketing Council
Shara Hubert, Chair/Plumb Marketing, Inc.
Business Trades Advocacy Committee
Chris Barnes, Chair/Travelers, Inc.
Community Partnership Council
Chair TBD
Adam Alexander, Vice Chair/
MW GOLDEN CONSTRUCTORS
Industry Partnership Council
Danielle Nicol, Chair/Diamond
Excavating, Inc.
Bill Jessen, Vice Chair/Trout Mobile, Inc.
Legislative Advocacy Council
Scott Deering, Chair/Absolute Caulking
& Waterproofing, Inc.
Julie Massaro, Vice Chair/NUCA
Colorado
Education Committee
Annual Construction Industry & Excellence In
Safety Awards Gala
Ray Nibbe, Chair/Wagner Rents, Inc.
Pete Scifo, Vice Chair/OBS Consultants
LLC
Attorney’s Council
Carrie Rodgers, Chair/Moye White LLC
Business Development Council
Mike Tafoya, Chair/Portocol Business
Strategies
Nathan Fonseca, Vice Chair/CRS
Insurance Brokerage, Inc.
Health & Safety Committee
Annual Health & Safety Summit
Nick Williams, Chair/Absolute Caulking
& Waterproofing, Inc.
Justin Crane, Vice Chair/Preferred Safety
Products, Inc.
Safety Council
Justin Crane, Chair/Preferred Safety
Products, Inc.
Health Council
Krista Price, Chair/Aflac
Event Council
Mark Hoover, Chair/Wagner Rents, Inc.
Member Development Committee
Annual Golf Classic
John Cofrin, Chair/
Asbestos Abatement, Inc.
Kevin Scott, Vice Chair/
Stec’s International
Membership Council
Carl Cox III, Chair/Excel
Environmental, Inc.
by busybusy Team
H
ere are the Facts
“Between just
2007 and 2009,
31.9 percent
of the nation’s 1,424,124
contractors went under,
according to BizMiner.
There were fewer failures
in 2010 and 2011, but a lot
of companies still failed.
In fact, a great many con-
tractors — mainly small
subcontracting firms —
fail even when times are
flush.”- Source
Only 36.4% of construc-
tion companies survive the
first five years according
to the Census Bureau’s
Dynamics Statistics. In fact
out of all the sectors in the
economy construction has
the lowest percentage of
success. If you have been in
business for more than five
years, congratulations!
The health care industry
ranks the highest in surviv-
ability rates,
construction
ranks the lowest.
With the Construction
industries unique financial
challenges and payment
problems, these statistics
may be no surprise. The
research goes on to show
that in many cases the pri-
mary cause of the failure
was
growth issues,
which
eventually led to:
Inadequate Cost
Tracking Systems
Knowing how much your
labor and materials cost
you is crucial to making
profitable estimates and
bids. You can be the best
builder in the world but
still struggle in the busi-
ness if this step is not done
correctly. Accuracy is the
key here, the more accurate
data you can have on how
much your material and
labor costs you, the higher
chance you will have of
making a profit.
Poor Accounting and
Cash Flow Management
Inaccurate cost tracking
systems eventually lead to
accounting mistakes and
misuse of cash-flow man-
agement. Construction
business owners may
lose money on a job and
try to make up for it on
other jobs. When doing
estimating for a job it’s
recommended to break
the project and billing up
into phases of the project.
This will help with your
cash flow management and
increase your chance of
survivability.
Under Estimating Bids
In a world where the
company with the lowest
bid often gets the job, it’s
important to not take jobs
you know you will lose
money on.
Not having enough or the
right insurance coverage
Construction is a high-
risk industry, which makes
it more expensive to insure
than other sectors. When
doing estimating for proj-
ects you intend to bid on,
make sure you are think-
ing about all of the insur-
ance requirements you will
need including, workman’s
comp, liability insurance,
flood insurance etc…
Controlling some of these
issues can be difficult
because by the time
business owners have the
information they need to
make important decisions
it’s too late.
busybusy was created
by a construction busi-
ness owner that wanted
to solve this problem and
reduce the risk of failure
for his own business. After
looking for tools to help
his business become more
efficient and not finding
any, he decided to build
one himself, and this is
how busybusy was born.
busybusy was created to
give construction profes-
sionals information about
their business to help them
make smart and even more
important, profitable, deci-
sions. Our flagship prod-
ucts is an employee time
tracker built specifically for
the needs of contractors.
With it you can:
• Reduce the frustrations
of gathering everyone’s
time cards and running
payroll
• Set up job codes and a
budget to track your labor
costs in real time
• Understand where your
employees are spending
most of their time
• Make more accurate
bids and labor estimates
• Manage and Control
your Labor Growth and
overhead better
• Have a better under-
standing of what kinds of
projects your business can
or can’t handle.
ASAC MEMBER PROFILE
Knowing how
much your
labor and
materials cost
you is crucial
to making
profitable
estimates and
bids. You can be
the best builder
in the world but
still struggle in
the business if
this step is not
done correctly.
