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The construction business is rising again as the economy improves and outlooks are brighter, which is great for construction business owners. It is an exciting prospect to stop surviving and start thriving and growing your business! But do you have a plan in place to ensure that you actually can grow and grow sustainably? Without a plan, you could end up taking two steps forward to only have to take one step back every time.
No matter whether it is designed to protect owners, architects, engineers or general contractors, the securing of project professional liability coverage can be complicated. Professional liability exposure exists for the construction period plus the applicable Statute of Repose, often meaning a total of 10 or more years. Ensuring compliance and affordability over an extended period is difficult.
Thank you to everyone who joined us last week in Portland, Oregon, at the Viewpoint Collaborate 2017 User Conference! The nearly 2,000 attendees were able to network, collaborate, learn, and share best practices with people and companies from all over the world. Our keynote speakers started off each day with fun, inspirational presentations that led to knowledgeable insights and information-gathering from all who attended.
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.
Earlier this fall, the entire country watched as hurricanes Harvey, Irma and Maria caused widespread destruction across Texas, Florida, the Caribbean and Puerto Rico. As I followed the media coverage leading up to and following these storms, my thoughts of course turned to the rebuilding process and post-hurricane construction work ahead for these communities.
“The days of regulation through litigation are over,” according to EPA Administrator Scott Pruitt. In fulfilling his promise to end the practice of regulation through litigation that has harmed the American public, the EPA Administrator issued an agency wide directive on October 16, 2017 designed to end “sue and settle” practices within the Agency, restoring public participation and transparency in EPA rule making.
“The days of regulation through litigation are over,” according to EPA Administrator Scott Pruitt. In fulfilling his promise to end the practice of regulation through litigation that has harmed the American public, the EPA Administrator issued an agency wide directive on October 16, 2017 designed to end “sue and settle” practices within the Agency, restoring public participation and transparency in EPA rule making.
Remember that time people said “[X] will be the death of email”? Well, they were somewhat wrong. While email continues to chug along at a consistent pace, technology has gotten smarter, spam filters have gotten more stringent, and it’s up to us as construction marketers to improve their strategies. We’ve discussed these strategies in relative detail over the past few years, including how to build and optimize your email list , a glossary of terms , how to identify your target audience and stay o
While growth in the construction segment is a good sign, it comes with a new set of challenges that the industry needs to address. Managing costs and maintaining margins are increasingly more difficult to handle, especially with labor shortages, despite opportunities to grow revenue. The Teletrac Navman 2017 Telematics Benchmark Survey: Global Construction Edition not only highlights these challenges, but also uncovers the ways in which the construction industry is beginning to solve for them.
As technology and data analysis tools evolve, data science is giving construction firms the ability to see how their operations fit together and where there’s room for improvement so they can gain a more detailed understanding of their business. Business intelligence (BI) is more than just understanding how to run your company. It refers to a technology-driven analysis of data to enable actionable information in helping stakeholders and end users make smarter decisions.
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 construction industry in UK is on the right track towards gaining digital maturity. There has been a lot of interest in various digital technologies and the proof of it was seen in Digital Construction Week 2017. The event has been considered the only event series in the UK that.
Recycling is not new. 11,000 years before Christ the people in the Nile valley recognized the intrinsic value of reusing waste. But maybe not since that dawn of civilization has recycling undergone the wide fluctuation, good and bad, that we are seeing right now. The bad news is that on July 18, China notified the World Trade Organization in two filings it would be imposing a ban on imports of certain kinds of solid waste.
LEAN beats benchmarking every time. A benchmark is, “A standard by which a metric can be measured or judged.” With respect to efficient life-cycle management of the built environment, and facilities management in general, many depend upon benchmarking as valued tool. . There are several issues I have with benchmarking… Is the industry standard (presuming you have selected the right group for comparison) really something that should play a role in your strategy?
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.
The latest quarterly update to the 5-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains through 2021. How does the late July outlook—a quarterly update of the ARA Rental Market Monitor by IHS Markit, the business information provider that compiles the data and analysis in partnership with ARA and Rental Management—apply to contractors across the spectrum of United States nonresidential construction sectors?
We’ve had a great time here at the Viewpoint 2017 Collaborate User Conference , where close to 2,000 people have gathered to network, collaborate, learn, and have fun. At our closing session of the conference, attendees were treated to a sneak peek of what’s to come for Viewpoint. You’ve seen it throughout the week in your sessions and you’ve heard the rumblings.
The talk about the importance of data in the construction industry is lately getting louder. The digitization of the construction process should be seen as a necessity rather than a luxury. During their presence in the Unlimited X Future Forum, Klaus Nyengaard and Ulrik Branner, Chairman and CEO of GenieBelt.
The State of Rhode Island is expanding its longstanding Green Buildings Act adding built landscapes to the list of public projects that must be built to recognized green building standards. Rhode Island has since 2008 mandated the public construction projects larger than 5,000 gross square feet “shall be designed and constructed to at least the LEED certified” or equivalent standard, but not actually certified by GBCI.
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.
10 Ways To Get the Most Out of Your Job Order Contract. Understand your strategy and goals. Do you want only to speed renovation and repair projects, or improve them? Be sure you have a team in place to manage and support your JOC Program. Don’t expect you can depend heavily upon a JOC consultant or otherwise “outsource” the process.
Many construction business owners don’t know how much money they make, or what it takes to break even and hit annual goals. You cannot rely on someone else to care about your finances more than you do. Often, owners don’t like to be bothered with the numbers. So, they pass off financial matters to an untrained bookkeeper or caring spouse to manage their money and worry about making payroll and paying bills.
We laughed. We cried. We clapped. We laughed some more. No, it wasn’t a Will Ferrell comedy, but the keynote speaker on the second day of the 2017 Viewpoint Collaborate User Conference. Scott Stratten, brand and unmarketing expert , took to the stage to remind all of us that it’s not just about software, numbers, profits, and timelines. It’s about the brand as a whole, and that the most important part of a brand is the customers.
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.
Construction projects have a lot of fuss and they can easily get off track if the various parties aren’t working together efficiently. The importance of collaboration for more effective projects is increasingly recognized across the construction industry, demonstrated by the extensive research that was conducted by Dodge Data & Analytics.
A collaboration between Efficient DriveTrains , Inc., and Shannxi automotive has produced the first plug-in hybrid electric (PHEV) Class-8 cement truck. The zero-emission truck integrates the Efficient Drivetrain's EDI PowerDrive 8000 PHEV drivetrain and EDI PowerSuite vehicle control software into a Shaanxi Automotive 32-ton cement mixer truck.
Job Order Contracting is one of the most important processes for an organization to efficiently manage its numerous repair, renovation, and minor new construction projects. But many implement JOC Programs with little strategy, direction, or oversight, or even for the wrong reasons (see JOC Audits ). Here are a few examples of improper JOC Program implementation… Excessive use of JOC Consultants: JOC requires direct Owner participation and leadership.
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.
With augmented and virtual reality, drones and a host of other tech solutions becoming synonymous with the modern construction landscape, it’s easy to feel overwhelmed with options. 3-D printing has been a buzzword in the industry for a while now, but a new use for the technology is taking the architecture, engineering and construction AEC industries by storm: 3-D printed project models.
Welcome to Portland for Viewpoint’s 2017 Collaborate user conference! Next week kicks off our 2017 Collaborate user conference here in Portland, Oregon. We’re so excited to spend three days with all of you, talking, learning, sharing best practices, and exploring the future of construction management. We have incredible speakers, partners, sessions, and networking opportunities ready for you.
Construction is a significant part of the Australian economy and the issue of efficiency is considered to be more than fundamental. The good news is that the Australian construction industry seems to be aware of this need. A great example is RESCON Builders who specializes in granny flats in New.
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