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Of Every $1.00 of revenue a construction company bills how much goes to profit?
353 sats \ 14 comments \ @BlokchainB 30 Jul AskSN

USD/BTC = $117,685
Block 907,821

I will post the answer after one day.
@remindme in 1 day

$0.80 (679 sats)0.0%
$0.50 (424 sats)12.5%
$0.25 (212 sats)18.8%
$0.13 (110 sats)50.0%
$0.02 (16 sats) 18.8%
16 votes \ poll ended
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237 sats \ 0 replies \ @guerratotal 30 Jul

16 sats

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214 sats \ 0 replies \ @Aardvark 30 Jul

I know my company (trucking) ran on 3% margins, so I'm going with 16 sats.

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155 sats \ 3 replies \ @BlokchainB OP 31 Jul

Answer is 16 sats!!

Thanks for participating! Those who guessed correctly I will zap you 160 sats!

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72 sats \ 1 reply \ @Aardvark 31 Jul

Awesome! It's crazy how thin margins can be and still ne massively profitable.

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21 sats \ 0 replies \ @BlokchainB OP 31 Jul

I know!! Once AI can effectively raise the margins in construction then I will believe it is revolutionary

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63 sats \ 0 replies \ @0xbitcoiner 1 Aug

What's the source for that data? In this one, the numbers don’t look too different, but yeah, there’s some differences.

Net profit margin, on the other hand, tells the full story. It represents the percentage of revenue left over after all overhead, interest, depreciation and taxes are subtracted. The benchmark range here is 5–8% for well managed companies. (Public builders or large private firms could see slightly higher margins due to volume and operational efficiencies.) While these percentages may seem modest, it’s the margin that ultimately funds growth, cushions downturns and satisfies stakeholders.

https://www.jmco.com/articles/construction/performance-benchmarks-construction-companies/
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92 sats \ 0 replies \ @0xbitcoiner 30 Jul

212 sats

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63 sats \ 4 replies \ @kurszusz 7 Aug

Noooo....honestly I can't beleive only 2% will remain as net profit...it is too low...
In Romania, at least 12-14% from revenue remain as profit for a construction company.

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10 sats \ 3 replies \ @BlokchainB OP 7 Aug

Wow!!! I need to start a construction business there!

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67 sats \ 2 replies \ @kurszusz 17 Aug

You can do it easielly....
It takes about 3 days to start a company (officially).
The legal framework is complicated only on paper, in practice no one complies with anything :P
What is worrying (and this is the case in Western Europe, for example) is that employees do not comply with occupational health and safety regulations, and therefore ONLY the company is punished by the law, not the employee (which is also very difficult to explain to them that it is in their interest to comply with the regulations)

And btw... Foreign capital is always welcomed here, and those who open a company here as a foreigner receive a lot of benefits (tax, insurance, etc.).

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10 sats \ 1 reply \ @BlokchainB OP 17 Aug

Wow sounds like a dream

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0 sats \ 0 replies \ @kurszusz 20 Aug

This is the reality here,,,

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69 sats \ 0 replies \ @grayruby 30 Jul

110 sats

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47 sats \ 0 replies \ @pappasbland 30 Jul

Depends if they are billing cost-plus or not. Ours didn't, which was great. Cost-plus is such a joke.
-Tom

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