"contractor" Posts
GPS Reviews: Back On Course!
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Situation
A construction firm hired GPS to assist their new company president with a turn-around project. “We have been in business 18 years with revenue around $5 million for the past 10 years. In 2008, the market presented our firm with challenges, which brought a lot of our company’s weaknesses out into the light. Since then, this company has struggled to make any profit for the owners, while maintaining our revenues.”
Process
“GPS and our consultant have been able to provide direction for me as a new president in matters of company budget, direct cost of projects, overhead consumption, gross …
GPS Reviews: Changed The Business & The Way We Think
Situation
GPS was engaged by a commercial flooring company, which the clients described as having “a low margin, which resulted in cash flow issues. The cash flow volatility created great stress. We were regulated to the status quo and did not foresee our company growing beyond its current size at the time.”
Process
Upon arriving, the GPS consultant evaluated the clients’ estimating and accounting processes. “The first discovery was that we did not understand the difference between mark-up and margin. He also determined that we had no budget forecasting, in place. With his help, we now have a correct margin …
