Tue.Apr 30, 2024

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5 Risk Myths Demolished

Construction Business Owner

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.

Risk 156
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Rivian reaffirms plans for $5B Georgia EV plant despite construction pause

Construction Dive

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.

Georgia 152
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February 2024 Construction Stats

Construction Business Owner

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.

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Indiana snares $2B Google data center campus

Construction Dive

Following an $11 billion announcement from Amazon last week, the Hoosier State is quickly racking up a slew of new computing facility wins.

Indiana 146
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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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Why Accurate Accounting Depends on Data Integration

Construction Business Owner

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.

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Empowering Your Project Team

Construction Business Owner

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.

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The Dotted Line: What DOT’s final DBE rule means for civil contractors

Construction Dive

New guidelines released this month streamline certification, raise personal net worth limits and strengthen monitoring and prompt payment requirements.

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Outsourcing: A Strategic Imperative for the Construction Industry

Construction Business Owner

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

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Cordish Cos., Bruce Smith Enterprise to develop $1.4B Virginia casino resort

Construction Dive

A 200-room Live! Casino & Hotel will anchor the Petersburg, Virginia, mixed-use development pending voter approval.

Virginia 132
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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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CSI: Construction Scene Investigators

Construction Business Owner

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.

CSI 156
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Communication Is Key: Actions to Get the Most from a Commercial Restoration Loss

Wolgast Corporation

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.

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How Digital Management Processes Can Improve Your Bottom Line

Construction Business Owner

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.

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Facing expensive climate threats, NYC’s transit system unveils a resilience plan

Construction Dive

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.

Plans 122
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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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An Unsteady Outlook: Financing in the Construction Sector

Construction Business Owner

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.

Finance 156
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Subcontractor's Demolition Error Results in $10M Fix for Damaged Bridge Girders on Missouri Project

ENR Construction

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.

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Optimize Attachments for Jobsite Success

Construction Business Owner

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.

Equipment 156
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Study Finds London, New York City Among Most Expensive Cities For Construction

ENR Construction

London is the most expensive city for construction, according to the Arcadis 2024 International Construction Costs report released this month.

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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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Efficient Finance for Construction: Leveraging AI in AP

Construction Business Owner

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.

Finance 156
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Administration Blocks Alaska Mining Road, Boosts Protections for Other Federal Lands

ENR Construction

The pair of actions halt major projects to develop mining and energy resources in Alaska's interior.

Alaska 72
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Revitalize Your Back Office & Streamline AP Processes

Construction Business Owner

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?

Revit 156
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Feds Push Eased Energy Permits, More Funding and 100K Miles of Transmission Upgrades

ENR Construction

US Energy Dept. has aired flurry of changed permit mandates and other project boosts to meet rising demand for more and cleaner energy.

Permits 68
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Boost Growth & Efficiency with a Unified Construction Software Platform

Silos of data and outdated systems can hold your business back. It is time to switch to a modern construction software solution designed for specialty contractors. CMiC provides a platform that simplifies operations, improves visibility, and boosts efficiency. It integrates workflows like job costing, resource planning, forecasting, and compliance control into one system.

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Vikki Hackett, the organizer

The Korte Company

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.

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Administration Permit Rule Has Deadlines, Page Limits But Still Worries Industry

ENR Construction

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.

Permits 60
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Using Locking Hardware to Support Code-Compliant Safer School Design

BD+C

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.

Design 52
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Administration Rule Incorporates Deadlines and Page Limits, But Industry Groups Worry

ENR Construction

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.

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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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Feds Push Eased Energy Permit Rules, New Funding and 100K-Mile Transmission Upgrade Plan

ENR Construction

US Energy Dept. has aired flurry of changed permit mandates and other project boosts to meet rising demand for more and cleaner energy.

Permits 36
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Study Finds London, New York, Among Most Expensive Cities For Construction

ENR Construction

London is the most expensive city for construction, according to the Arcadis 2024 International Construction Costs report released this month.