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Construction glossary

What is Self-perform?

Self-perform, in the context of the construction industry, refers to the ability of a construction company to use its own workforce to accomplish certain specific tasks or projects, rather than outsourcing or subcontracting to external teams or entities. By opting to self-perform, the company can have direct control over the quality of work, project timeline, cost management, and overall productivity. For example, a construction firm may choose to self-perform tasks like concrete placement, plumbing, electrical work, and roofing operations, maintaining stringent quality standards all along. However, it is essential for companies undertaking self-perform tasks to have skilled and trained personnel who can efficiently execute the work. To sum up, self-perform allows construction firms to maintain better control over the project while potentially saving costs and enhancing efficiency.

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Other construction terms

Receivables Turnover Ratio

What is a Receivables Turnover Ratio?

The Receivables Turnover Ratio (RTR) in the construction industry is a critical financial metric that measures the efficiency with which a construction company can collect from its clients. This ratio...
Current Assets

What are Current Assets?

Current Assets in the construction industry represent the value of all assets that can reasonably be expected to be converted into cash within one fiscal year. This includes assets such as cash on han...
Quick Ratio

What is a Quick Ratio?

A Quick Ratio, also known as the Acid-Test Ratio, is a financial metric prevalent in several industries including construction. In the construction sector, it's used to evaluate a company's short-term...

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