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Boost Construction Performance with Technology

Construction Business Owner

Boost Construction Performance with Technology Learn how technology can solve challenges, improve efficiency, and secure a competitive edge. mhodges Mon, 12/30/2024 - 08:20 How to Leverage Technology for Improved Performance in the Construction Industry The construction industry is experiencing a pivotal moment in digital transformation, facing persistent challenges threatening efficiency and growth.

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Construction TARGET COSTING – Should be required of all public sector real property owners

Job Order Contracting

Construction Target Costing is a method used to shape repair, renovation, maintenance, or new build outcomes and process design to deliver customer value within specific constraints. Despite its effectiveness, it is seldom utilized by public sector real property owners. To effectively implement Construction Target Costing, several key elements must be considered: 1.

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Construction fatalities hit highest number since 2011

Construction Dive

About one in five U.S. workplace deaths occurred in construction in 2023, per newly released Bureau of Labor Statistics data.

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Year-End Financial Checklist for Construction Business Owners

Contractor Bookkeeping

As the year draws to a close, construction business owners find themselves in a critical period of reflection and preparation. The year's end is a time to celebrate past successes and an opportunity to assess financial health and strategize for the coming year. A thorough year-end financial checklist can help ensure your business is on solid footing as you move forward.

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Optimize Construction Projects with CMiC’s Industry-Leading ERP

Construction project managers face constant challenges, from delayed schedules to fragmented workflows. CMiC’s ERP transforms how projects are managed, providing a unified system for financials, scheduling, and collaboration. With tools for real-time insights, cost control, and document management, CMiC empowers managers to make confident decisions.

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$849M to Revamp Western Water Infrastructure Amid Climate Challenges

Construction Today

The US Department of the Interior recently announced a groundbreaking $849 million investment to modernize water infrastructure across 11 Western states. This funding, part of the Infrastructure Investment and Jobs Act (IIJA), aims to address the mounting challenges of aging systems, climate change, and a historic megadrought gripping the region. With water systems under increasing strain… Source The post $849M to Revamp Western Water Infrastructure Amid Climate Challenges appeared first o

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Comprehensive Unit Cost Database – Construction

Job Order Contracting

Improve construction cost visibility and management with a LOCAL, CURRENT, OBJECTIVE, and VERIFIABLE Comprehensive Unit Cost Database with 90,000 granular construction tasks including labor, material, equipment, and productivity details. Getting preconstruction data and process right is critical and only 4BT (Four BT, LLC) offers local market granular cost data that is locally researched, provided in expanded CSI Masterformat , inclusive of over 90,000-line times, and capable of providing a high

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Holiday lights bring seasonal cheer to jobsites

Construction Dive

From a tall crane in North Carolina to a festive office in arid Arizona, contractors across the country are going all in on the holiday spirit.

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Managing Stress, Prioritizing Wellness, And Spreading Holiday Cheer

Contractor Bookkeeping

The holiday season is usually filled with joy and celebration. Still, it can also bring significant stress for construction business owners. With project deadlines, year-end financial tasks, and the hustle and bustle of the festivities, it's easy to feel overwhelmed. Here are some strategies to help you manage stress and prioritize your well-being during this busy time of year. 1.

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A New Chapter in a 46-Year Career

PC Construction

After over 46 years at PC Construction, I am exciting to announce I will begin the next chapter in January retirement! My journey dates back to May 1978. I had just graduated with an engineering degree from the University of Vermont and applied to a family-owned firm with three brothers at the helm. That one decision sealed my fate, connecting me to a group of dedicated construction professionals who helped me become what I am today.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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How to Take the First Step in Automating the Entire Payment Application Process

Construction Business Owner

Promote to rotator No Rotator Image Status of webinar Featured The construction sector has made remarkable strides in adopting technologies. Tue, 01/28/2025 - 12:00 1:00 p.m. Central The construction sector has made remarkable strides in adopting technologies like AI and 3D modeling, yet back-office payment processes remain stuck in the past. Despite the digital transformation in other departments, payment systems are often seen as good enough.

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Commerical Construction Costs 2024

Job Order Contracting

Commercial Construction Costs 2024 increased 0.1% for the month of November 2024, while overall construction input prices are 0.5% higher than a year ago, and nonresidential construction input prices are 0.3% higher. Prices decreased crude petroleum prices were down 3.3%, while unprocessed energy materials prices were down 2.0%., while natural gas prices were up 2.6% in November.

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OSHA finalizes PPE standard for construction

Construction Dive

The rule, effective Jan. 13, will require employers to provide properly fitting equipment to their workers.

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The Year-End Financial Checklist For Construction Business Owners

Contractor Bookkeeping

As the year draws to a close, construction business owners find themselves in a critical period of reflection and preparation. The year's end is a time to celebrate past successes and an opportunity to assess financial health and strategize for the coming year. A thorough year-end financial checklist can help ensure your business is on solid footing as you move forward.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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The International Water, Sanitation and Hygiene Foundation (IWSH) Joins NKBA Global Connect as a Strategic Alliance Partner

Contractor Magazine

The non-profit arm of IAPMO, IWSH will offer NKBA Global Connect members connections to the water, hygiene and sanitation industries in North America.

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Navigating the Basics of Prevailing Wage in 2025

Construction Business Owner

Promote to rotator No Rotator Image Status of webinar Featured The essential knowledge every contractor needs to succeed in the prevailing wage landscape. Thu, 02/13/2025 - 12:00 1:00 p.m. Central Are you ready to step into the world of government contracts? This presentation will guide you through the essential knowledge every contractor needs to succeed in the prevailing wage landscape.

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Construction Work Packages

Job Order Contracting

Construction work packages are the scalable standard for construction processes. All data is structured around it, and all workflows are designed inside the work package. That said, what is the standard/holy grail for validating work packages? Estimating costs and Optimizing costs – Current, objective, locally research granular construction task data organized using expanded CSI MasterFormat.

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California approves $1.4B to deploy 17,000 EV chargers, hydrogen fueling infrastructure

Construction Dive

California has about 152,000 public and shared private chargers installed today, and it expects that number to reach 250,000 in the next few years.

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Every Contractor Needs An Effective Website - Unlock the Key to Increased Leads

Grow Leads & Visibility! Contractors need more than word-of-mouth. A strong website boosts visibility, draws in leads, showcases skills, and enhances your credibility. Learn how a quality site, that is easy to manage, can set you apart from the competition, and help can take your construction business to the next level. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry.

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Construction Business Review: What Went Right Or Wrong This Year?

Contractor Bookkeeping

The construction industry is dynamic and challenging, and a business's success or failure can hinge on various factors. As we approach the end of another year, it's essential to take a step back and assess your company's successes and challenges. Contracting is notorious for its complexities and ever-changing landscape. It is crucial to evaluate what worked well, what didn't, and what lessons we can carry into the following year.

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Industry Econ Forecast 2025

Contractor Magazine

Which way is the construction market heading in the coming year, and what are the chief economic factors that might affect mechanical contractors?

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Marissa Grimes, Commercial Construction Assistant Project Manager at Beal Derkenne Construction

Construction Business Owner

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FM Productivity Constraints – Public Sector

Job Order Contracting

FM productivity constraints remain a barrier for most public sector areas. FM productivity constraints remain a barrier for most public sector organizations, presenting barriers to efficient sustainment & new builds. To address rising sustainment (repair, renovation, maintenance) and new build costs, robust, integrated Planning, Procurement, and Project Deliver Frameworks arecincreasing needed to maximize resource utilization.Yet public sector organization are still not providing the Leaders

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How General Contractors Can Drive Growth Without Increasing Headcount

For construction businesses, scaling operations means taking on greater workloads. Unfortunately, much of the responsibility of managing additional work falls on you and your finance team. Learn how you can navigate the increased complexity of managing more projects without adding headcount. We’re here to share insights into why technology is key to scaling your finance operations.

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The 9 largest commercial construction starts of November 2024

Construction Dive

Total groundbreakings jumped 5% due to strong infrastructure activity, according to Dodge Construction Network.

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North Carolina Toy Drive Results in $13,500 in Gifts

PC Construction

I am so proud to be part of PC Constructions team in North Carolina! The last few weeks have been a flurry of activity for myself and my fellow employee owners as we spearheaded a Hurricane Helene relief toy drive to spread cheer to the children of Western North Carolina. In total, over $13,500 worth of gifts were gathered from PC employees, their families and our very generous trade partners and suppliers.

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5 Times When Your Business Can Celebrate

Contractor Magazine

Companies that make an effort to celebrate, perform better over time. Their workforces tend to be more engaged and loyal.

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Harnessing the Power of Supplemental Unemployment Benefit Plans

Construction Business Owner

Harnessing the Power of Supplemental Unemployment Benefit Plans ccapoccia Tue, 12/17/2024 - 14:42 S upplemental unemployment benefit plans (SUB plans) provide compensation to employees in addition to state unemployment insurance during layoff periods. When designed correctly, they can ease financial stress, generate worker loyalty and offer significant tax advantages.

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Seamless Finance Solutions for Construction Leaders

Designed specifically for construction finance professionals, CMiC’s ERP delivers the tools needed to manage projects with precision. Integrated job costing ensures real-time visibility into expenses, while automated progress billing accelerates cash flow. Revenue recognition compliance tools automate revenue recognition, and powerful analytics provide actionable insights.

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Task Orders for Preventive Maintenance – Government Sector

Job Order Contracting

Far too often task orders for preventive maintenance are inefficient due to poor process and a lack of cost visibility/management. A task order is a miniature contract that is used to define a project’s scope, cost, schedule, and to determine the obligations of the parties to the agreement1. It is an order for products or services associated with a main general contract that sets out the basic stipulations of a business agreement, in this case a preventive and routine maintenance contract.

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Turner lands $158M California emergency operations project

Construction Dive

The state center to enhance disaster response capabilities across Southern California includes an office building, warehouse, helipad and energy infrastructure.

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Construction Continues at University of Maine

PC Construction

Winter has arrived in Orono, Maine, and PC Construction has made significant progress on the University of Maines Shawn Walsh and Alfond Arena Renovations and Addition project. As the Universitys hockey programs near the midpoint of their 2024-2025 seasons, students, staff and athletes alike are starting to see a lot of change to their Shawn Walsh Center and the beloved Alfond Arena, which remains fully operational throughout the athletic season and the course of construction.

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