Construction Business Owner

JUNE 27, 2024

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.

Construction 156

Construction 156

Job Order Contracting

JUNE 27, 2024

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.

Estimating 210

Estimating Construction Procurement CSI 210

Construction Business Owner

JUNE 27, 2024

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.

Finance 334

Finance Profitability Project Management Management 334

Construction Dive

JUNE 27, 2024

Nine months after a Davis-Bacon update raised pay for workers on federal projects, a judge has halted the change.

Texas 150

Texas 150

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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.

Construction

Construction Business Owner

JUNE 27, 2024

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.

Insurance 316

Insurance Risk Claims Accounting 316

Construction Business Owner

JUNE 27, 2024

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.

Accounting 295

Accounting Construction 295

Construction Dive

JUNE 27, 2024

Geisinger Wyoming Valley Medical Center in Wilkes-Barre will nearly double in size while renovations will transform it into a 100% private-room facility.

Pennsylvania 141

Pennsylvania Wyoming Renovating 141

Construction Business Owner

JUNE 27, 2024

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.

Innovation 292

Innovation Sustainability Products Industrial 292

Construction Dive

JUNE 27, 2024

TomCo Solutions founder and LGBTQ+ advocate Tommy Whitehead is working to make the building industry more welcoming to all.

Florida 131

Florida Contractors Construction Industrial 131

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.

Cash Flow

Construction Business Owner

JUNE 27, 2024

April 2024 Construction Stats ccapoccia Thu, 06/27/2024 - 14:51 The Construction Business Owner team compiles statistics each month from several sources, includi

Statistics 282

Statistics Construction 282

ENR Construction

JUNE 27, 2024

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.

Maryland 78

Maryland Baltimore Transportation 78

Construction Business Owner

JUNE 27, 2024

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.

Estimating 177

Estimating Risk Products Contractors 177

ENR Construction

JUNE 27, 2024

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.

Commercial 76

Commercial Security Risk Engineering 76

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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.

Finance

Construction Business Owner

JUNE 27, 2024

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.

Conference 156

Conference CFMA Texas Management 156

ENR Construction

JUNE 27, 2024

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.

Cleveland 73

Cleveland United States US Construction 73

Construction Business Owner

JUNE 27, 2024

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?

Office 156

Office 156

ENR Construction

JUNE 27, 2024

The 38-mile section is planned to have nearly 28 miles of tunnels.

California 73

California Plans 73

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.

Accounting

Construction Business Owner

JUNE 27, 2024

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.

Materials 156

Materials 156

ENR Construction

JUNE 27, 2024

The results of this quarter’s Construction Industry Confidence Index survey show a dip in confidence among construction industry executives.

Finance 72

Finance Industrial Construction 72

Construction Business Owner

JUNE 27, 2024

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.

Liability 156

Liability Regulation Environment Sustainability 156

ENR Construction

JUNE 27, 2024

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.

Commercial 68

Commercial Security Risk 68

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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.

Construction

Construction Business Owner

JUNE 27, 2024

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.

Sustainability 156

Sustainability Budget Budgeting Equipment 156

ENR Construction

JUNE 27, 2024

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.

Construction 66

Construction Contractors Industrial 66

Construction Business Owner

JUNE 27, 2024

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.

Contractors 156

Contractors Equipment 156

ENR Construction

JUNE 27, 2024

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.

Materials 61

Materials Construction 61

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Contractors

Construction Law

JUNE 27, 2024

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.

Safety 52

Safety Statistics Accounting News 52

ENR Construction

JUNE 27, 2024

New York-based contractor says it received a two-line letter of termination six weeks after it had started work on the $324-million project.

Illinois 61

Illinois New York Contractors 61

BD+C

JUNE 27, 2024

Leverage Data to Contextualize Competitive Construction 1 kcichowicz Thu, 06/27/2024 - 10:41 Procure, fabricate, construct and commission construction projects efficiently Digital engineering and the associated data are transforming the construction industry by enabling organizations to deliver on safety, quality, efficiency, productivity and ultimately projects that are on schedule and budget.

Construction 52

Construction Procurement Commissioning Profitability 52