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With our firm’s long track record in retail construction, we’ve witnessed firsthand the ebb and flow of activity across this sector over the years. So when I came across an article recently asking if “ flagship stores are losing their shine ”, it gave me pause. It’s true the retail mix among flagship stores in prime locations is changing. Not too long ago, premier shopping districts like Chicago’s Magnificent Mile or New York’s Fifth Avenue were lined with not only luxury brands like Tiffany, C
A new contractor meets an experienced customer, and money changes hands and not the way you expect it. Typically, this is what happens when you first get started: You bid on a project, and you are the low bidder. You are given the client's standard contract, which contains the client's favorite set of commercial terms and conditions, to sign as a condition of getting the project.
As projects become even more manifold, the number of workers, equipment and materials that need to be tracked and managed increases. Under pressure to deliver work on time and within budget, safety can often become compromised. At the same time, the global worker shortage has made it difficult to adequately staff jobsites. This nine technologies can lower safety risks on-site. . .
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.
FDRsafety continues to encounter situations where worker training is incomplete or lacking, especially in safety. Unfortunately, we find that much of this training has no foundation… Let me explain. I recently attended the 2 nd Annual Process Safety Summit in Washington DC on Oct 15-16, 2019. The Summit brought together safety and legal professionals from chemical manufacturing, petroleum refining, paper and other industries covered by OSHA’s PSM Standard and EPA’s RMP Rule, with officials from
The Fundamentals of Efficient Public Sector Construction Planning, Procurement, and Project Delivery are important to professionals hoping to meet their fiduciary responsibilities by maximizing the use of taxpayer funds. It is the goal of this document to introduce public sector procurement, facilities management, and administration to the principles, processes, functions, tools, and methods consistent with LEAN construction planning, procurement, and project delivery.
The Fundamentals of Efficient Public Sector Construction Planning, Procurement, and Project Delivery are important to professionals hoping to meet their fiduciary responsibilities by maximizing the use of taxpayer funds. It is the goal of this document to introduce public sector procurement, facilities management, and administration to the principles, processes, functions, tools, and methods consistent with LEAN construction planning, procurement, and project delivery.
Construction has continued to evolve and attempt to replicate many of the successes that have aided manufacturing (e.g., prefabrication, modularization, automation, autonomous equipment and robotics have all become the zeitgeists). So, what does this mean for the construction company of tomorrow? .
By way of a federal court order that became final last month, Truly Organic Inc. and its founder will pay $1.76 million to settle a Federal Trade Commission greenwashing complaint alleging that their nationally marketed bath and beauty products are neither “certified organic” nor “vegan” as falsely claimed. According to the FTC’s complaint , in this era when many consumer purchases are influenced by environmental claims, since at least 2015, the defendants advertised, labeled, offered for sale,
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.
BEST VALUE Public Sector Construction Planning, Procurement, and Project Delivery requires the LEAN integration of People, Process, Information, and Technology. Tools and services are readily available to enable public sector real property owners to assure the consistent delivery of quality repair, renovation, and new construction projects on-time and on-budget, and to efficiently reduce deferred maintenance levels.
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.
Say there’s a rush job that requires using a skid steer loader. The worker who volunteers to do it reaches for the wrong lever and nearly causes a serious accident. It's not until later that the foreman finds out that the worker was not actually qualified to run the machine. Sure, the foreman should have checked first. But when he’s tried calling headquarters before, it took hours for someone to return his call.
“Don’t fool yourself and say it’s not going to happen to me,” says attorney Richard Volack referencing a report that claims 68% of the construction industry is not prepared to stave off existing threats.
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.
LEAN Facilities management is a process that optimizes physical asset life-cycle reinvestment by focusing upon best value outcomes among all participants and stakeholders. The consistent delivery of prioritized quality repair, renovation, sustainability, maintenance and new construction projects on-time and on-budget is possible for any real property owner with sufficient leadership and domain-specific competency.
Using a DBA or creating a new corporate entity are ways contractors can distribute liability, expand geographically, update brand identity or even take on work that would put them in political crosshairs.
The food processing company will build a 75,000-square-foot facility in Amarillo which will employ up to 150 full-time employees. - Read: SSI Foods Investing $42M In Texas at BusinessFacilities.com.
Budgeting, forecasting, and financial planning directly impact construction project outcomes. Inaccurate projections lead to cost overruns and delays. This guide outlines best practices for financial discipline, including forecasting methodologies, resource allocation strategies, and risk mitigation frameworks. Industry leaders recognize that precise financial control is essential for profitability and project stability.
A 166,000-sf barracks with 300 bedrooms for 600 military personnel is under construction at the Great Lakes Naval Base in Illinois with the help of robots that can lay bricks every seven to 10 seconds and can lift and place foundation blocks weighing up to 135 lbs.
The country has seen more and more $1 billion-plus megaprojects, including in LNG and related industrial sectors, while starts for mid-size and small projects fell 15% the first eight months of the year.
The new Cat D5 dozer runs at 170 horsepower and an operating weight range of 37,875 to 42,263 pounds. The update from D6N to D5 is part of an effort to make all Cat dozer model names simpler, according to the company.
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.
The global healthcare company will invest $16.7 million investment to expand its research and development operation in Richmond, VA. - Read: GlaxoSmithKline To Create 150 New Jobs In Virginia at BusinessFacilities.com.
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