Figuring OPPH Overhead & Profit Per Hour is More Accurate & Precise Than The Practice of Figuring a Weekly Charge for Overhead & Profit
Just one of the many reasons I prefer figuring OPPH Overhead & Profit Per Hour over the practice of figuring a weekly charge for Overhead & Profit as a fair number of contractors I know in Kyle Hunt’s Remodeler’s Community Group on Facebook instead...On Estimating… and the Planning Fallacy
This article mentions the Nobel award winning Daniel Kahneman and his award winning book Thinking, Fast and Slow and how our inherent biases cloud and affect our judgement notably in this case “The Planning Fallacy”. The author tells us how the Planning Fallacy leads...
My Evolution in Construction Estimating & Technology Back In The Mid 1980s & 1990s
I wrote a blog post over on the 360Differece.com website about my evolution with estimating and technology in the mid-1980s and 1990s that I thought I should share it here too. Introduction My interest in estimating actually developed long before I ever started my own...
More On The Hidden Dangers of Square Foot Estimating
For years now in online forums like JLC Online and FaceBook groups I have been arguing about The Hidden Dangers of Square Foot Estimating saying things like… “There is no such thing as a good, fair, or accurate Square Foot Price for an estimate. At the...
A Look At The ProRemodeler “The Big Reveal” Article
This is my own critical look at The ProRemodeler “The Big Reveal” Article which appeared in the May 2018 issue of ProRemodeler about contractor colleague Michael Anschel’s ideas regarding a new phrase we are hearing a lot of nowadays,...
Psychologist Daniel Kahneman On The “Planning Fallacy”
I am a huge “fan” of the work of psychologist and winner of the 2002 Nobel in economic science Daniel Kahneman and his book Thinking, Fast and Slow is arguably one of the most valuable books I have ever read. And for those that think 499 pages of...10% of buyers in any market will always go for the premium option and about 10% will always go for the cheapest option…
Apparently professional market research says 10% of buyers in any market will always go for the premium option and about 10% will always go for the cheapest option. That means at least 90% of the market does not use lowest price as their #1 buying criteria. Yet most...Zulu Alpha Kilo - Spec | #saynotospec
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