Ever heard a story of a construction company that grew from a single used dump truck to 475 employees, with an almost 100-year history and heritage?

This episode is packed with construction insights from Herb Sargent!

In the latest episode of The Construction MF'ers podcast, Scott Peper, our Founder and CEO, sits down with Herb Sargent, CEO of Sargent. Founded by Herbert E. Sargent in 1926 with a used Reo dump truck, Sargent has grown into a full-service contractor serving the Northeast and Mid-Atlantic. 

Herb brings a wealth of experience and construction insights from his long career in the industry. He started young, grew the business through mergers, expanded the team to nearly 500 employees, and navigated the complexities of managing large teams, cash flows, lines of credit, surety relationships, government contracting, and bonding, to name just a few!

Episode Highlights:

🔹 𝗠𝗮𝗻𝗮𝗴𝗶𝗻𝗴 𝗠𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀: Herb & Scott discuss the challenges of handling multiple projects at once, emphasizing the need for robust systems and real-time information.

🔹 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝗔𝗹𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻: Learn how Herb allocates resources and manages labor efficiently to ensure projects stay within budget and on schedule.

🔹 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗶𝗻𝗴 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀: Discover the importance of using accountants and other professional services for accurate cash flow modeling and financial planning.

🔹 𝗣𝗿𝗼𝗮𝗰𝘁𝗶𝘃𝗲 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Understand how negotiating proactive contract terms can help mitigate risks and handle schedule changes smoothly.

🔹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: Herb shares his experiences with government contracting, surety relationships, and working with the Department of Transportation.

🔹  𝗪𝗶𝗻𝗻𝗶𝗻𝗴 𝗮 𝗛𝗨𝗚𝗘 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁: Herb recounts his first major project for Walmart without employees & equipment, emphasizing the importance of reliability & trust in securing contracts.

🔹 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗦𝘁𝗼𝗰𝗸 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗣𝗹𝗮𝗻𝘀 (𝗘𝗦𝗢𝗣𝘀): Learn about the benefits and challenges of operating an employee-owned company, as Herb details Sargent's journey with ESOPs and its impact on company culture and performance.

Why This Episode is a Must-Listen:

🔹𝗥𝗶𝗰𝗵 𝗛𝗶𝘀𝘁𝗼𝗿𝘆 𝗮𝗻𝗱 𝗚𝗿𝗼𝘄𝘁𝗵: Discover how Sargent evolved from a small business to a large, employee-owned company with substantial experience in various construction sectors.

🔹𝗛𝗲𝗿𝗯'𝘀 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲: Gain insights from Herb’s extensive experience in managing large teams, securing bank lines of credit, and navigating the complexities of surety and bonding.

🔹𝗥𝗲𝗮𝗹-𝗪𝗼𝗿𝗹𝗱 𝗔𝗱𝘃𝗶𝗰𝗲: Scott and Herb discuss practical strategies for dealing with common industry challenges, including government contracts and maintaining strong relationships with stakeholders.

Dive into these essential strategies and enhance your construction business's success!

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https://www.linkedin.com/in/herb-sargent-29a791152/

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