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By the BF Staff. From the July/August 2019 Issue. I n order to attract new development, locations have to be prepared for it and have sites that are ready to hit the ground running. States across the U.S. are implementing site certification programs that give available sites a shovel ready designation—meaning that the site is primed and ready for economic development.
Source. Construction daily reports are a vital part of managing construction projects. They provide an ongoing record of incidents, conditions, and the full range of tasks related to a project in progress. The benefits of daily reports are undeniable. These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management.
How would it impact your decision-making process if you knew with a high level of certainty that workers making less than a certain amount were 30% more likely to get hurt on the job? What if you were confident that educating your project managers resulted in 20% less turnover in your employees? . .
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.
A version of this post was published in Illinois Real Estate Journal as a byline article from Englewood Construction. Earlier this summer, Englewood Construction’s home state of Illinois passed a bill making it the 11 th state in the U.S. to legalize the use of recreational marijuana. Given that our firm already has experience working with clients on medicinal and recreational marijuana dispensary construction projects in other states, we know firsthand that this legislation will quickly lead to
A web-based, automated JOC system serves to support a collaborative, productive, and compliant JOC Program. Automated Web-based JOC System. Properly implemented JOC systems support organizational policy and workflows, and help to assure overall JOC Program compliance. It’s important that JOC system providers meet with the organization to mutually understand and detail JOC-related organizational policy and procedures as well as contract and bidding documents, standard specifications, forms,
Over the last twenty years, technology has led the way for major transformations in almost every industry. Some of the most notable examples of this include Uber’s use of technology to transform the taxi industry and Netflix’s continuous innovations in the movie rental industry. One of the few industries that are yet to see many.
The leaders of top construction firms will always ask why they are or are not selected. Objectivity and organizational improvement can mean all the difference between being the leader and the first loser. Find out hoe to incorporate these best bidding practices at your company. .
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.
The common facilities management challenges can be mitigated using LEAN alternative construction planning, procurement, and project delivery. Common Facilities Management Challenges: Limited Budget Limited Resources & Staff Deferred Maintenance Prioritizing Projects Meeting Project Timelines. All of these issues and more are addressed using LEAN alternative construction.
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.
A few years back we took a look at the two largest construction lead services serving the commercial construction market: Dodge Data & Analytics and ConstructConnect. Since then, the companies have undergone ownership changes, wrapped their lead generation services in a wide variety of additional services, and purchased other vendors to round out their platforms.
If you are not versed in the risks that accompany digital undertakings, it can pose serious threats to your business. The following are some key issues that arise during these digital ventures, what you should know about them, and what you should do about them. . .
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.
Specific to construction, and more importantly LEAN Construction Planning, Procurement, and Project Delivery, emphasis upon process and an overall program approach is required to delivery consistent and significant outcome improvement. Better owner leadership and competency is sorely needed. Few owners even understand IPD whether it be for major new construction, or LEAN Job Order Contracting,JOC, for repair, renovation, maintenance, and new construction. .
By 2031, 41% of the current workforce will retire, and exiting baby boomers will only continue to exasperate the shortage. How many of your employees plan to retire in the next 5 years? It takes 8 to 12 years for a craft professional to be fully trained and gain competency—have you begun training the next generation yet? .
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.
B est practice, consistent, and efficient construction cost estimating should consider Owner, Builder, and AE requirements. Here’s a shortlist for your consideration and comment. Detailed line item construction cost estimating optimally communicates scope of work while providing full financial transparency and visibility. “Eighty-five percent of the reasons for failure are deficiencies in the systems and process rather than the employee.
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.
Construction schedule delays are one of the most common topics of discussion within the industry. As reported by McKinsey and Company, an average project in construction is expected to experience a minimum 20-month delay and 80% budget overrun. It quickly becomes clear that there is plenty of room for improvement in the way the sector.
Securing low-rate financing has become more challenging in recent years. Just as choosing the right employees can make or break your business, choosing the right financing can make a significant difference in the success of your business. If you’re considering financing for your construction business, the following are four options to consider.
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