Humans are bound to do mistakes in their lives and so do they also learn from it. Mistakes can happen in any industry and in any profession but there are some mistakes that can be avoided and one will never want them to happen. Mistakes are certainly not pardonable in professions where you just can’t afford to make mistakes. Doctors for that matter are bound to make no mistakes. Similarly, we expect the same from a pilot. But there are others industries where a mistake made, may not be life threatening but can definitely lead to severe loses and one can only try to avoid them. Construction industry is one such industry where you commit a major error and you got to be ready to pay a big price for it. There are few grave mistakes that one should avoid making especially when he is part of the construction segment.
Safety of employees should never be compromised:-
You can’t take human lives for granted come what may. People who are working for you are your men and it becomes your moral responsibility to safeguard their interests and their lives. Therefore, you should provide them with all the equipment and trainings that will keep them safe and sound. By no means should the safety of the employees be compromised. This can pose a big threat to the future prospects of the company and if reported to the concerned authority, you may even have to pay the price by leaving the project or by paying a hefty penalty. Also when you know that a job needs the attention of expert workers, you should know deploy men who are not trained for that job. They may end up injuring themselves.
Title should be clean:-
When you take a new project, you should ensure that the title on the property is clean and it does not have any disputes. These things should be done before you take up the work. In case you are a contractor then knowing about the title will help you to determine where you are heading. You should always keep your hands off from any disputed projects as that will lead you to complications. Check with the title company if there is any dispute on the property and if the title owners are the ones you have been informed holds the property. Projects are held up for years due to non-clearance of title and have become a matter of huge concern.
Never miss out on your finances:-
The financial part of the company plays an important role in determining where the company is heading. Construction companies are known for not able to keep a tab on their finances. Money is needed to buy raw materials, heavy equipment, paying salaries to employees and taking care of other operating expenses but it all should be recorded or else you will not have any clue where your money went and what you can do to prevent unwanted expenses. Keeping a log of all your transactions is the need of the hour for every construction company and it may turn out to be a big mistake if not managed at the right time.
End Date: Tuesday Nov-28-2017 7:55:30 PST
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