How Contractors Can Have a

Profitable 2016By Byrne & O’Neill LLP

Know who you’re doing business with• A single bad project can

end up spoiling the success of ten great ones.!

• Before you agree to do a project, do your research on potential partners.!

• Avoid those who raise red flags.

Buy out subcontracts thoughtfully

• In addition to potential partners, be careful about selecting your subcontracts as well.!

• The key is to find the fine balance between price and dependability.

Cultivate a culture of safety• A reputation for a safe job site will

make your company that much more attractive to the kind of people you want to attract and save headaches in the future.

Secure your payment rights

• This differs from state to state.!

• If you’re not sure how payment rights work, call a construction attorney immediately.

Rely on your lawyer!

• Construction attorneys do a lot more than resolve claims.!• They draft and review contracts and construction forms,

providing counseling throughout the construction phase of a project.