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Compared with a few short years ago, commercial construction moves at an incredibly fast pace today. Due to a variety of factors – from smaller profit margins following the economic downturn, to the sense of immediacy that’s so pervasive in the modern business world – everyone from our clients on down to our subcontractors are being squeezed for time and asked to deliver commercial construction projects on tighter schedules than ever before.
Have you ever wished you had more detail about what was going on at your jobsite? Construction sites are large, with a lot of employees, machinery and materials. This is often hard for management to monitor, with valuable data on costing, efficiency and profitability becoming too difficult to collect.
By Katie Stanford and Stuart Kaplow. LEED Commercial Interiors projects present the best single opportunity for greening buildings. The proof is in the numbers. There are more than 5.6 million existing commercial buildings in the United States today. And despite the wildly successful U.S. Green Building Council’s LEED (the ubiquitous acronym for Leadership in Energy and Environmental Design), the most widely used green building rating system in the world, less than 1% of commercial buildings in
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.
No one wants to experience profit fade. You want to maximize your profit on every job, and eliminate wasteful practices and spending. Even expenditures like utilities and office expenses can be difficult to track. The ability to look at financials from a big picture view as well as a fully expanded view, provides important insight into where money is being spent.
Earlier this year we explored BIM, Building Information Modeling, and explained why it is the future of construction. BIM is currently broken down into three levels but can more levels be added? We took a deeper look into 5D & the new revelations for this industry changing information sharing system.
Earlier this year we explored BIM, Building Information Modeling, and explained why it is the future of construction. BIM is currently broken down into three levels but can more levels be added? We took a deeper look into 5D & the new revelations for this industry changing information sharing system.
When I think back on the most interesting construction projects and challenges I’ve handled in my career as a national commercial contractor, without a doubt some of the most memorable have been in landmark-status buildings. In fact, we’re in the middle of one of those projects right now as Englewood Construction relocates American Girl’s flagship store in New York City from its current 5th Avenue address to a well-known landmark property – 75 Rockefeller Plaza.
Sourcing materials for a project that meet a client’s need for durable, sustainable products that won’t have a negative impact on the project timeline can feel like a search for the Fountain of Youth. Some contractors may push back with the claim that the reliability of materials, such as masonry, concrete or steel, is worth the larger carbon footprint and increased energy consumption to produce those materials.
The best way to mitigate risk in your green building project are properly drafted contract documents prepared by this law firm or by another attorney with green building experience. That may sound self serving, but it is true. As I posted in this blog less than a year ago, Less than 20% of Green Building Contracts are Properly Drafted. So, accepting that most readers of this blog will not engage our law firm to draft their contracts, the second best way to mitigate your risk in a green building
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.
Always a priority of any IT platform, security and data privacy is just as important in the construction industry as they are in banking. While financial information may not be as in-depth, our industry works on billion-dollar projects, with large amounts of money and account numbers changing hands on any given day. As the construction industry shifts to a more technology-based approach with mobile, software, and multiple hosted applications , security and data privacy has become a critical comp
Project management is the basis on which every construction project is founded. A construction project manager has to obtain a variety of skills and competences in order to navigate through the project and to establish a functional connection with the numerous teams. Construction projects have a continuous need for alterations.
To aid in the clean up after Hurricane Irma, the Florida Department of Business and Professional Regulation issued an emergency order that suspends certain roofing regulations for 37 counties listed in FEMA's Disaster Declaration dated September 13, 2017.
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.
Lifting freely suspended objects with crawler and wheel excavators demands preparation, special care and proper operator training. If correct lifting practices are not routinely followed, it may cause project delays, create machine instability and put additional stress on the machine, potentially leading to unnecessary downtime.
The Denver Elections Commission has announced that the Denver Green Roof Initiative, a mandatory green roof ballot initiative will appear on the November 7 ballot. A ballot initiative is a means by which a petition signed by a certain minimum number of registered voters can bring about a public vote on a proposed statute or measure. This is a, measure that requires every building and any roof replacement of a building with a gross floor area of 25,000 square feet or greater, or a building additi
Viewpoint construction software solutions are designed to keep all stakeholders apprised of the inner workings of a project, no matter where in the world he or she may be or what stage a project is in. The Occupational Safety and Health Administration’s (OSHA) new respirable crystalline silica standards go into effect in three days on September 23, 2017.
There has been much talk about big data in recent years. Various organizations have changed their business model in order to effectively utilize big data tech. Similarly, various new players have realized the advantages of big data and have created new business models that benefit from it. What is Big.
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.
International Truck began National Truck Driver Appreciation Week by announcing “major enhancements” to its classic-styled LoneStar model. These include redesigned doors, windows and interior gauges and controls, as well as greater comfort and a number of uptime and safety enhancements. Above: Though primarily a highway tractor, in special cases the LoneStar can be outfitted with vocationally oriented specifications suitable for some construction duties.
The risk-to-reward ratio in construction is among the most unbalanced of any mature industry. The disproportionate downside, risks associated with an extremely bad project, far outweigh the upside gained from even the most successful projects. At their worst, truly disastrous projects can cost firms and owner/agencies millions of dollars, push their best people to the breaking point and cause long-term damage to reputations and key relationships that are important to future work.
(a) “Adjustment factor” / “coefficient+ – job order contractor’s competitively bid adjustment to the organizations prices as published in the current unit price book. Typically within a range of 0.80 to 1.20. (b) “Indefinite quantity” means one or more of the construction tasks listed in the unit price book. (c) “Job order” – a firm, fixed priced, lump-sum order issued by an organization to a job order contractor for a definite project scope of work as compiled from the unit
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.
Often just considered 3D design, building information modeling (BIM) also acts as a collaborative work platform. It can improve speed and accuracy, increase efficiency, and set up an overall plan for construction phases. Viewpoint’s software integrates with BIM to enhance collaboration. This contributes to faster project delivery as changes are minimized in the design phase.
It’s no secret that, the construction industry is struggling with efficiency. We recently referred to the UK market which at the moment faces the huge challenge of automatization. Of course, this isn’t just a British problem. It’s a significant issue that construction agents are battling against all over Europe. Denmark.
As Hurricane Irma threatens the Miami area, construction companies are taking steps to secure construction sites and equipment. Miami's building boom has also brought about 25 tower construction cranes to the city that pose a unique threat if Hurricane Irma hits. In a statement issued by the City of Miami Tuesday, Deputy Director of the Building Department Maurice Pons said he would not advise staying in a building next to a construction crane during a major hurricane like Irma.
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.
For every operational advantage, progressive contractors need an accompanying strategy to fully exploit that advantage. FMI has worked with many of the industry’s best contractors, including those that consistently outperform their peers. The following article explains six operational cornerstones that those contractors use to create long-term operational advantages, and an exploration into supportive strategies that can create lasting competitive edge.
LEAN Construction Primer. AECOO Change Management – LEAN Construction are the path to improved productivity. If the architectural, engineering, construction, operations, and owners sector (AECOO) would stop its hype about digital transformation and BIM/3-D visualization and focus upon change management and associated LEAN construction methods significant benefits would be realized in relatively short order.
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