One of the maxims that you will hear from experienced contractors is “feast or famine.” While famine is a negative sign for a construction business, the feast can also be more challenging to handle. Famine indicates no money coming in, but feast can create project management challenges that you might not be able to take.
In this business scenario, what you need is balance, and managing construction backlog is how you’ll get it. You might need to work on growing your pipeline, but make sure you are profitable and that your clients are happy are equally just as important. This is why it is vital to keep your backlog in tip-top shape, and today we’ll dive into ways where you can achieve that.