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5 Risk Myths Demolished ccapoccia Tue, 04/30/2024 - 09:32 We make decisions about risk every day in our personal and business lives. For construction business owners (and everyone in the construction industry), bad outcomes can mean the difference between staying in business or not. Here are five risk myths that get in the way of thinking about important risks you may be overlooking — and accepting.
Dive Brief: Irvine, California-based Rivian reaffirmed its commitment to build its $5 billion Social Circle, Georgia, electric vehicle plant, despite an ongoing construction pause, according to a letter from the electric automaker on April 18. The letter, addressed to the Georgia Departme.
February 2024 Construction Stats ccapoccia Tue, 04/30/2024 - 15:05 The Construction Business Owner team compiles statistics each month from several sources, including the American Institute of Architects (AIA) and the United States Census Bureau, to give you a better understanding of the current state of affairs for the construction industry. The statistics featured in each month's print issue are for three months prior to the publication of the magazine, based on the data available.
The future of construction is sustainable, efficient, and cost-conscious. This guide offers a practical roadmap for reducing material waste, optimizing energy use, and integrating sustainable design principles. Discover how innovative construction firms are leveraging circular economy strategies, digital tracking, and energy-smart building solutions to reduce expenses and stay ahead of regulatory shifts.
Why Accurate Accounting Depends on Data Integration ccapoccia Tue, 04/30/2024 - 10:00 Construction accounting is more than just tracking numbers and compiling reports. For contractors operating with increasingly thin margins, accounting is essential for building a profitable construction business. At the same time, construction accounting isn’t easy, even for the most experienced accountants.
Empowering Your Project Team ccapoccia Tue, 04/30/2024 - 09:23 In the dynamic landscape of business, the role of the project management team in developing new business has emerged as a linchpin for organizations seeking to improve customer acquisition, growth and customer retention. Introducing a structured business development training initiative for project professionals, commonly known as a “seller-doer” program, can yield many benefits.
New guidelines released this month streamline certification, raise personal net worth limits and strengthen monitoring and prompt payment requirements.
Outsourcing: A Strategic Imperative for the Construction Industry Discover how Eide Bailly helped a Northwest construction company drive growth and achieve success through outsourcing. mhodges Tue, 04/30/2024 - 12:56 Alliance Partition Systems (APS) is a steel stud framing and drywall contractor located in the Northwest United States. Since the relationship began in 2015, Eide Bailly has provided specialized expertise to support the company’s growth, including: Providing CFO-level financial g
Take your construction business to the next level with our comprehensive 2025 funding guide! Whether you're managing seasonal cash flow challenges, dealing with unexpected equipment repairs, or planning to scale your operations, securing the right funding is essential for success. This guide explores a range of fast and flexible financing options tailored for construction businesses.
CSI: Construction Scene Investigators ccapoccia Tue, 04/30/2024 - 14:46 Call it a guilty pleasure, but I have always been a fan of shows like “CSI: Crime Scene Investigation” (pick your city) and “Castle.” The show begins with a victim being found by some unsuspecting character, and as the story evolves, the cast picks up various clues that lead them to a dramatic television conclusion.
The $6 billion effort is meant to address rising sea levels, more intense storms and extreme heat events that will impact subways, buses and commuter trains.
How Digital Management Processes Can Improve Your Bottom Line ccapoccia Tue, 04/30/2024 - 09:45 In a world where the only constant is change, the construction sector is catching the digital wave, transforming its foundational bricks and mortar into pixels and data.
As a business owner who owns their building, there may be a time that you have to face damages due to emergencies, fires, floods, natural disasters, or impact. To get the most from an insurance claim involving property restoration, it is best practice to openly communicate and collaborate with both your agent and restoration company. Collectively, you are all the team to see that your goals are achieved.
Budgeting, forecasting, and financial planning directly impact construction project outcomes. Inaccurate projections lead to cost overruns and delays. This guide outlines best practices for financial discipline, including forecasting methodologies, resource allocation strategies, and risk mitigation frameworks. Industry leaders recognize that precise financial control is essential for profitability and project stability.
An Unsteady Outlook: Financing in the Construction Sector ccapoccia Tue, 04/30/2024 - 10:11 With 2024 well underway, construction and engineering businesses may be primed for growth. But first, businesses and their ownership groups should understand the multitude of factors, on both a macro and micro scale, that lenders weigh when financing companies in the construction sector with heavy, project-based revenue streams.
The question of who will pay for at least $10 million to replace girders on I-55 near St. Louis is being sorted out between the contractor, subcontractor, insurance companies and attorneys.
Optimize Attachments for Jobsite Success ccapoccia Tue, 04/30/2024 - 10:20 On today’s increasingly complex jobsites, the importance of selecting the right attachments for construction equipment can’t be overstated.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Promote to rotator No Rotator Image Status of webinar Featured There’s a lot to know before implementing AI into your daily operations. Thu, 06/13/2024 - 12:00 1:00 p.m. Central Have you harnessed the power of AI in your organization? Artificial intelligence is a hot topic, but there’s a lot to know before implementing it into your daily operations.
Revitalize Your Back Office & Streamline AP Processes ccapoccia Tue, 04/30/2024 - 08:59 Contractors know all about risk — jobsite security, health and safety, workers’ compensation, bonding, subcontractor compliance and more. For many construction business owners, it seems like the list can go on forever. Unfortunately for some, it does. Is your back office a risk?
Construction firms embracing AI are outperforming the competition. This exclusive guide unpacks the impact of AI-driven analytics, automation, and predictive insights on project management, risk reduction, and workforce transformation. Discover how AI enhances real-time decision-making, optimizes labor and materials, and ensures projects stay on schedule and budget.
Vikki Hackett is a meticulous soul. She wants, no, needs everything to be in order — or she isn’t happy. And that’s exactly the kind of attitude The Korte Company wants from a project engineer. “I’m just a double Type A personality,” she said. “I’m very, very organized. I pay attention to detail.” Her personality is ideal for construction, where organizing a ton of people and resources around one goal creates such amazing things.
The White House releases a rule, effective on July 1, to ensure that climate change and environmental justice issues are considered during project NEPA reviews.
Using Locking Hardware to Support Code-Compliant Safer School Design 1 kcichowicz Tue, 04/30/2024 - 10:16 Code-compliant locking hardware is essential to safer school design. The right lock can support access control for improved school safety. Schlage Safer school design encompasses many elements of the built environment—from the property line to classroom door openings.
The White House releases a rule, effective on July 1, to ensure that climate change and environmental justice issues are considered during project NEPA reviews.
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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