If you didn’t want to grow your construction business, you never would have started it in the first place. Once you become a notable player in your industry, maintaining the status quo isn’t enough to keep your business trending in a positive trajectory. You need to grow your workforce, invest in cutting-edge technology, and embrace new partnerships that can help your business surpass the competition and carve out a comfortable spot at the top of the dogpile. This last point is especially crucial in helping you achieve your growth objectives.
In this article, an Orlando construction lawyer will discuss three vital partnerships that can help take any construction business to the next level. As a contractor, you put in the work that got your business to where it is today, but who says you have to stop short of the top? These three partnerships are known to provide a considerable return on investment, which is why the top contracting firms in the nation are using them to their benefit.
1. An Experienced Accountant
As your firm grows, so does your ability to take on multiple projects at once. Reaching this point is an achievement in any contractor’s career, but it also presents an array of new challenges to contend with. If you had difficulty managing cash flow from project to project, imagine how much more complicated it will become with two, three, or more projects being worked on simultaneously. You can’t afford to do the math yourself with a calculator, pen, and paper, and an administrative assistant may find themselves out of their element when the logistics of accounting become increasingly complex. For this reason, our Orlando construction lawyers recommend that contractors partner with a certified private or public accountant to handle their finances.
2. A Reliable Material Supplier
Your projects are only as strong as the materials you have available to build with. If your vendors are unpredictable or inconsistent, you could find yourself paying out of pocket for delays, defects, or other supply issues. Being able to rely on a handful of material suppliers who always come through for you gives you a decided advantage over other contractors that haven’t focused enough of their time or energy on their supplier relations.
Related: Working With Suppliers
3. An Orlando Construction Lawyer
One of the fastest ways to find yourself in the red is by allowing your business to be vulnerable to legal issues and disputes. If you want to mitigate disputes before they have a chance to arise, an Orlando construction lawyer can assist you. Cotney Construction Law has been serving contractors all over the country for over a decade. With an array of curated legal services designed specifically for contractors and construction professionals, you can’t go wrong with the help of our Orlando construction lawyers. Our services include:
- Roofing Law
- Contract Review, Negotiation, and Drafting
- Employment Law
- License Defense
- Dispute Resolution
- Bond Law
- OSHA Defense
- Corporate Transaction Law
- Bid Protests
- Lien Law
- Bankruptcy Law
- Trademark Applications
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.