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There has been much speculation and supposition about the interplay of force majeure provisions in leases and other contracts in response to government orders closing businesses during the coronavirus disease 2019 (COVID-19) pandemic, but now there is an authoritative court decision that may provide persuasive authority. In a motion in a Bankruptcy case the landlord demanded payment of post petition rent from the Hitz Restaurant Group or that the Chicago restaurant vacate the premises immediatel
Companies are building digital training programs and creating ecosystems of “learning partners” to produce and deliver digital content to a broad base of employees. - Read: Workforce Training: Coping With Crisis Requires A New Skillset at BusinessFacilities.com.
INTRODUCTION. Proven Job Order Contracting Practices have evolved to enable the consistent delivery of quality repair, renovation, maintenance, and new construction project on-time and on-budget. Solutions such as the OpenJOC(TM) Framework, optimize the integration off people, process, information, and enabling technology to drive best value outcomes for both real property owners and construction services providers.
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.
Howard County, Maryland has become the first jurisdiction in the state and one of few places in the country to pass a mandatory “bird-friendly design” law for new construction of privately owned buildings. The new law enacted on July 7, 2020 and effective on September 6, 2020 requires at the time of building permit application, the applicant for new construction submit, Documentation showing that the building meets: The bird-friendly design standards of the 2011 edition of “Pilot Credit #55: Red
How to Cut Costs & Plan for a Future Beyond COVID-19. Elizabeth Manning. Wed, 07/01/2020 - 05:39. As leaders steer their businesses through the fog of the coronavirus pandemic, fear and uncertainty are often two unwelcome, but likely, drivers of business decisions. COVID-19 related disruption is causing widespread panic. When companies sense a financial pitfall, it’s tempting to cut costs—and to do so promptly.
Earlier this spring, I had the opportunity to talk with Restaurant Development + Design Magazine for an article on “How to Find the Perfect Construction Partner” that just published in the July/August issue. The final piece is a great resource that’s relevant to pretty much every commercial real estate sector – not just restaurant development – and covers important points that should be on anyone’s checklist when vetting and choosing a construction partner for a commercial real estate project.
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.
2020 Guide to Construction Cost Estimating provides a road map for applying best management practices necessary to drive financial visibility and transparency. Introduction. Locally researched detailed line item unit price construction data provided the highest level of verifiable and transparent information. Since other levels or types of cost estimating can’t meet this level, care should be given as to what form of cost data is being use.
In the past, the marketing and accounting functions within a company were not frequent collaborators save the annual budgeting or forecasting process. Today, thanks to technology, software and systems, marketing and accounting teamwork is not only possible, but effective. Similar to other functional areas, digital transformation is deployed by marketing and accounting, supporting teamwork between functions that were perhaps working against each other.
CBO Opens Nominations for Outstanding Women in Construction 2020. Join us in recognizing today's top female construction professionals. Greg Caudle. Fri, 07/17/2020 - 10:30. Construction Business Owner (CBO) Magazine is honoring some of the construction industry’s most hardworking construction professionals with a special section dedicated to Outstanding Women in Construction (OWIC).
What is a daily progress report in construction? Every day is a new day in a construction site and those who are involved need to be kept in the loop of what has occurred. One of the easiest ways to do that is by filing a daily progress report. Free guide: How to reduce construction delays by more than 20%. These reports can include basic information on what was completed that day and they can also be filled with little tidbits that include issues that occurred or accidents that happened.
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.
4BT BiC is a Construction Common Data Environment Tool (CDE) for the efficient management of public sector facilities planning, procurement, and project delivery. The Common Data Environment (CDE) is a structured environment of data and information governed by shared rules in which information flows into coordinated workflows, in which each operator involved in various capacities acquires the information useful to the performance of the activities and at the same time feeds it.
New analysis shows soaring lumber and petroleum costs were the biggest contributors to rising materials prices for contractors, with lumber prices up 50% since mid April.
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.
How to Revolutionize Your Annual Sales Planning. Elizabeth Manning. Tue, 07/21/2020 - 15:29. In today’s competitive environment, builders must focus their energy to ensure that all members of the organization are working toward the same goals. This is where a sales and marketing plan comes into play—providing direction and focus for all employees. It points to specific results that are to be achieved and establishes a course of action for achieving them.
The EPA has described lead as the number one environmental public health hazard in the U.S. And despite that the CDC has in the past identified childhood lead poisoning prevention since 1971 as 1 of 10 great U.S. public health achievements which has included success in reducing human exposures on average, the amount of lead used within the U.S. has since that date actually increased.
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.
In construction, technology has been gradually replacing outdated machines and systems. Nevertheless, a digital tool is not a cure. It’s not a system that can function independently without us. Free guide: How to reduce construction delays by more than 20%. It is an investment to improve current work processes and fix a problem. But in order for a digital solution to succeed, there needs to be a will to change the underlying behaviour.
10 Rules of Effective Crisis Management. Elizabeth Manning. Thu, 07/02/2020 - 09:42. What would you do if your office called to report that a crane at one of the company’s construction sites toppled over, killing several workers and pedestrians? What would you do if your CPA said she suspects someone is embezzling funds from your business? What would you do if a downtown parking structure—for which your company served as the general contractor—collapsed?
Adaptive Lean Construction Planning, Procurement, and Project Delivery tools and services are readily available to assure the consistent delivery of quality repair, renovation, maintenance, and new construction projects on-time and on-budget. The fundamental issues associated with design-bid-build and even design-bid, are well known to experienced AECOO professionals (architecture, engineering, construction, operations, owner).
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.
Business Facilities didn’t let the COVID-19 crisis skew the results in our 16th annual rankings report: They remain the most credible and comprehensive location leaderboards. - Read: Business Facilities’ 16th Annual Rankings: State Rankings Report at BusinessFacilities.com.
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