Secret Construction Definitions Unique To High Profit Contractors – “D,E,F ”

Last Updated on March 10, 2016

I have been involved with construction beginning in the mid 1960’s as a kid working in the family construction company through the present time.

Over the decades I have gathered and documented a comprehensive list of terms that describe construction. Some of them are meant to bring a smile to your face, some are serious and the rest I hope are simply entertaining.

This Article Contains Definitions That Begin With The Letter “DEF”

Deflect-O-Matic Skin – Contractors learn quickly not to take anything personally because whatever someone else says is more about them than about you. This is especially true for remodel contractors when a homeowner has just given them a big deposit check and the contractor is in the middle of demolition

Delayed Payment – A tourniquet applied at the bank balance of any contractor who will allow it

Delusional – Contractor going to learn to use QuickBooks effectively in a few months

Developer – Company looking for a few, good, low priced, high volume contractors they can school

Displaced Aggression – Being angry at someone because of past events or circumstances which are resulting in ongoing issues. In some cases contractors have hired Cheap or Bad Bookkeepers without realizing the consequences of not having useful financial and job reports

Dog And Pickup Truck – Contractor with a dog and a pickup truck one of the Four Types Of Contractors

Emergency Accounting – When taxes, payroll or paperwork piling up causes contractor to seek help from someone to get the “books” caught up, tax reports prepared, payroll processed or other issues

Emergency Bookkeeping – When taxes, payroll or paperwork piling up causes contractor to seek help from someone to get the “books” caught up, tax reports prepared, payroll processed or other issues

Emerging Contractor – Someone who is moving to a little less hands-on role in their contracting company you could be an Emerging Contractor.

Engineer’s Estimate – The cost of construction in heaven

Expensive – Goods or services that no matter how cheap they are; do not work

Experience – What you get, when you get, what you don’t want

Failure – A few errors in judgment repeated everyday

Fear – What initiates change or stops progress

Five At Five For Five – The five reports at five o’clock for five minutes that tells you how your business is doing

Fifteen Minutes Too Late – If you think you should fire somebody, you’re already 15 minutes too late

Fully Burdened Rate -Includes all the costs of keeping an employee on the payroll, not just wages

About The Author:

Randal DeHart, PMP, QPA The Construction Accountant. Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington and Fast Easy Accounting. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist and Bill.Com Certified Guru. Visit http://www.fasteasyaccounting.com/ to learn more. Follow Randal on Google+

Similar Posts:

• Secret Construction Definitions Unique To High Profit Contractors – “A”
• Secret Construction Definitions Unique To High Profit Contractors – “G,H,I,J,K,L ”
• Secret Construction Definitions Unique To High Profit Contractors – “B”
• Secret Construction Definitions Unique To High Profit Contractors – “C”
• Secret Construction Definitions Unique To High Profit Contractors – “M,N,O”