Recently, I saw a contractor who was concerned about making losses on his contracts.

I explained to him that, once he had secured a contract, he had to control two key areas.

The first area was planning, job planning as well as procurement of labour and materials planning.

The second area was financial controls on the ongoing contract including job costing so that any losses would be highlighted at an early stage and could be rectified.

If you are a contractor who is concerned about losses on his contracts, call Green and Peter on 020 8446 8100.