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How Grant Programs Are Driving Local Construction ccapoccia Thu, 06/27/2024 - 09:57 I want to bring to your attention a sector of a federally funded program that I believe is not receiving adequate attention. The program facilitates local projects that public officials wish to launch. The U.S. Department of the Treasury administers the facilities grant program, which is awarding grant funding to support the expansion of broadband accessibility in public centers.
It’s time to relearn construction cost estimating. Before relearning construction cost estimating, it’s important to hit your resent button. The following represent the new realities. Technology will not solve your problems. Tech is an enablers. People, Process, and Information are the three kings. Focus on working with professions with experience, yet willing to learn, listen, and share information.
How to Spot & Avoid Unexpected Project Delays ccapoccia Thu, 06/27/2024 - 14:01 Here’s the thing about construction project delays: It’s not a matter of if they will happen — it’s when they will happen, for how long and why. There are many reasons for a project delay: weather, supply chain hiccups, labor shortages, financing and more. Most of these reasons are out of the control of the project manager or construction business owner, while others are not.
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.
Prevent Water Damage From Wreaking Havoc ccapoccia Thu, 06/27/2024 - 13:35 The impact of inefficient and ineffective water management on construction projects is increasing at an alarming rate. Water damage has long been one of the most common insurance claims in the industry, and it now accounts for up to one-third of all payouts on builder’s risk policies.
Is Your CPA Holding Back Business Growth? ccapoccia Thu, 06/27/2024 - 10:03 Consider when it's time to find a new certified public accountant for your construction business.
Geisinger Wyoming Valley Medical Center in Wilkes-Barre will nearly double in size while renovations will transform it into a 100% private-room facility.
Can a Prefabrication Strategy Differentiate Your Business? ccapoccia Thu, 06/27/2024 - 10:24 In the ever-changing landscape of the construction industry, efficiency, productivity and cost-effectiveness have become paramount. Traditional construction methods, though tried and tested, often fall short of meeting the increasingly stringent demands of owners and stakeholders.
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.
April 2024 Construction Stats ccapoccia Thu, 06/27/2024 - 14:51 The Construction Business Owner team compiles statistics each month from several sources, includi
Why AI Is Your Estimator’s New Personal Assistant ccapoccia Thu, 06/27/2024 - 13:11 Artificial intelligence (AI) is leading the conversation across the construction industry. As contractors seek new ways to improve efficiency and productivity in estimating, they’re turning to automated processes that eliminate the need for time-consuming, manual work.
The Maryland Transportation Authority is now evaluating proposals to replace the bridge, which collapsed after it was struck by a cargo vessel in March, with an eye on a possible completion by 2028.
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.
Inside CFMA’s 2024 Annual Conference ccapoccia Thu, 06/27/2024 - 12:57 T he theme for the 2024 Construction Financial Management Association’s (CFMA) Annual Conference & Exhibition was “Your Path to Bigger & Better,” held in Grapevine, Texas, May 18-22. The event marked significant achievement in the realm of construction financial management.
Global developers are advancing nuclear fusion technology and engineering to scale an energy source they say has zero emissions, no meltdown risk and more security, as data centers and AI push power demand.
Choose the Right Earthwork Takeoff Tech ccapoccia Thu, 06/27/2024 - 13:06 Successful companies consistently reduce labor costs and enhance quality on jobsites through investments in modern machinery. Similar opportunities exist in the office setting, though the benefits may not be as immediately apparent. Moreover, the mindset of “what we have works, so why change?
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.
3 Advantages of Articulated Dump Trucks ccapoccia Thu, 06/27/2024 - 13:26 An excavator operator skillfully empties a bucket of dirt into the dump body of an articulated dump truck (ADT). After the payload is topped off, the truck takes off on a predetermined path. Upon arrival, the operator empties the material and returns for another load.
Not since the “United States Steel Hour” during the golden age of television has the Pittsburgh-based steelmaker had such drama like the firm’s current public relations fight with former bidder Cleveland-Cliffs over its proposed acquisition by Japan’s Nippon Steel Corporation.
5 Steps to Empower Subcontractors for LEED Success ccapoccia Thu, 06/27/2024 - 13:52 The built environment is the bedrock of thriving communities. It may also be their most potent liability, with enormous climate and environmental repercussions. This is why governments, regulators, activists, communities and, increasingly, construction companies are taking notice and adapting their approaches accordingly.
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.
6 Ways Renting Can Be More Sustainable Than Owning ccapoccia Thu, 06/27/2024 - 14:07 Construction equipment typically makes up a small percentage of a project budget, but it plays a large role in the environmental impacts of day-to-day operations. How equipment is powered and whether it’s purchased or rented affects the fuel consumed, the greenhouse gas emissions produced and the amount of natural resources used.
Global developers push nuclear fusion technology as they seek to bring to scale a power source they say has zero emissions, no meltdown risk, little hazardous waste and more security.
A Contractors’ Guide to Tax Credits & Energy Incentives ccapoccia Thu, 06/27/2024 - 10:31 Contractors equipped to help clean energy project owners seize opportunities presented by the Inflation Reduction Act (IRA) will be in high demand.
Public work continues to spur growth in the construction industry in the second quarter as contractors wait for interest rates to decline in the second half of the year.
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.
By Stephen Tobin In 2021, the DOJ announced its Civil-Cyber-Fraud Initiative, which focused on contractors who fail to follow required cybersecurity standards. The initiative is aimed at accountability for knowingly providing deficient cybersecurity products or services, knowingly misrepresenting their cybersecurity practices or protocols, or knowingly violating obligations to monitor and report cybersecurity incidents and breaches.
DLUHC statistics show number of buildings being remediated doubled in a year To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account.
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