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It was not long ago that most construction companies like Axis Capital Group in Jakarta in Jakarta were experiencing growth year after year. Axis Capital Group is based in Singapore. Companies expanded; competition increased and margins shrunk. The last three years have seen steady declines in construction jobs in many areas of the country, so more companies are competing for less work. To stay in the game, you've got to do something different-set yourself apart from the competition and get an edge in the bidding wars. Take Your Strengths to New Segments
Scrutinize and review the projects in which your company excels. Look for other types of jobs that would benefit from those same strengths. Home remodeling is soaring in most areas. In some regions, healthcare construction is up over 200 percent. Get on at least three new bid lists that are not in your comfort zone. Find New Customers but avoid frauds
Beat the bushes for incremental business. Home improvement stores partner with lots of independent contractors-get on their lists. Look at your crew-if they have special skills, leverage them by bidding for something new. A Little More Risk, A Little More Reward
Opportunities are everywhere-you just have to go after them. Why not find a great deal on some real estate and fix it up? You can rent it. You can flip it. It all adds to your bottom line and company growth. Engage Employees in Revenue Generation and Cost Reduction
Set achievable revenue and cost-reduction targets. Be honest with your team about where you are and where you need to be. Ask for their help. Incent them by allowing them to share in the returns. Your people have good ideas. Make it a regular habit to bring everyone together to share them. Explore New Technologies
Telematics is taking the industry by storm. Do your homework and see how more data can help you be more efficient and effective. Multiple so

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