5 Construction Loss Prevention Tips

Are you investing in real estate market? Do you invest money in construction? In construction business, everyone wants to earn money big but very few achieve this goal and other faces loss. To prevent loss is big challenge. If there is good plan to construction loss prevention, it is sure, you will get big profit from your construction business.

As per my experience, I can suggest some tips which will be helpful if you are starting your construction.

1. Never Compromise with Construction Material

Are you adding less material? Stop it. Think few minutes. You are doing construction and if there is flood, there is storm. There is minor earthquake and your building will fall. What will happen. You will loss your big money.

As I saw, people are compromising with construction material with following ways.

( a) 6 +1 Ratio is wrong

It means, you are using 6 container of sand and 1 container of cement which is totally wrong ratio in construction. Best is

4 +1

or 5 +1 but never use 6 +1

2. Do not Keep Wall without Plaster

This is second mistake which bring construction losses because if the wall without cement plaster. It may fall within few months or years. Your all invested money will become zero within few second. Are you fool doing this mistake. Yes, you may think that you have saved money of material and builder and laborers but already invested money will become zero. This is not good idea. Remember, this is your investment and if you will loss, you have to invest more big amount to get bigger reward.

Be smart. Do smart hard work not dull hard work. Never keep wall without plaster. Make good budget for covering wall with plaster. It is safety of wall. You will be happy that even after flood. Even after storm. Even after earthquake, there is minor loss on your walls.

3. Never Decrease the Quality of Construction 

Sometime, you may less to builder and labourer. With this, your builder and labourer has decreased their quality.

Like, they speed the work without using level measuring of wall. Wall will not go to in one direction.

So, give proper fees to builder and labourer. Not more and not less.

4. Buy Good Quantity of Raw Material

If there is less material and if there is not all material near to builder and labourers, it is sure, construction will not complete at good speed. With less speed, your overall cost will increase. So, buy one day before all raw material of construction and then appoint your team members for physical work.

5. Make Strong Base 

Base should be strong because it is base of whole building. If it is weak, it means, whole building will fall within few seconds.

Related eBooks 

  1. Tips for Better Management of Money
  2. 100 Steps to Success
  3. Balance Sheet MADE Easy

Related Contents 

  1. How to Make Balance Sheet of Construction Company
  2. Why should Invest in Property
  3. My First Property Buying Experience
  4. Journal Entries of Real Estate Companies
  5. Journal Entries of Real Estate Companies Test Online
  6. Project appraisal
  7. Preparation of Project Report






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Accounting Education: 5 Construction Loss Prevention Tips
5 Construction Loss Prevention Tips
Accounting Education
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