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The Contractor's Guide to Building Financial Success Demystifying construction accounting for contractors mhodges Mon, 08/07/2023 - 12:50 A practical guide to mastering the fundamentals of construction accounting. From identifying hidden costs to cash flow strategies to setting financial goals, learn how to build a better financial future for your business with Knowify's guide.
7 lessons learned from 40+ years planning and designing senior living environments 0 rcassidy Mon, 08/07/2023 - 20:04 Senior Living Design Brad Perkins, FAIA, a pioneer of senior living design in the U.S. and globally offers his advice for creating the optimal living experience for the world’s aged population group. Bradford Perkins, FAIA A pioneer of senior living design in the U.S. and globally offers his advice for creating the optimal living experience for the world’s aged population group.
Cork flooring is a popular choice for many homeowners and business owners looking for a durable, eco-friendly option. Made from the bark of the cork oak tree, this type of flooring provides a unique look and feel that is both appealing and beneficial to the environment. Cork flooring also provides many benefits for the home […] The post Understanding Cork Flooring: Types, Uses And Benefits appeared first on The Constructor.
As anyone who works in the commercial construction business knows, timing is everything. Inefficient sequencing of materials and equipment can have a significant impact on both time and money. Business as usual, is out the door as the supply chain has continued to provide challenges. For example, Roofing HVAC used to be 12-`14 weeks out but is now 12-14 months.
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.
Objective, verificable, and actionable Construction Cost Data is now available for any location throughout the United States. The ability to for owners and design-builders to share objective local market standardized cost data is critical to cost visibility and cost control. When provided on a granular level, this shared information can also enhance the detail of the Scope of Work and mitigate change orders and rework, saving 30%+ of overall construction costs.
Objective, verificable, and actionable Construction Cost Data is now available for any location throughout the United States. The ability to for owners and design-builders to share objective local market standardized cost data is critical to cost visibility and cost control. When provided on a granular level, this shared information can also enhance the detail of the Scope of Work and mitigate change orders and rework, saving 30%+ of overall construction costs.
Relatively flat materials figures in recent months indicate contractors are finally experiencing relief from supply chain woes and price volatility, according to a new report.
If your customers owe you money, the faster you can obtain it using effective collection tactics, the better. Ideally, you want to reduce the chance of bad debts and pressure on your construction company's cash flow. It can be easy to neglect to manage your debtors when you're busy growing your business, but intelligent credit control is important. So it's crucial to have the skills to handle the people who owe you money well, especially if you want to avoid taking them to court.
In the world of heavy machinery and equipment, Caterpillar is a renowned name, known for its reliability and performance. However, the cost of genuine Caterpillar parts can sometimes present a significant challenge for equipment owners and businesses. Fortunately, the aftermarket market offers an alternative solution, providing cost-effective options without compromising on quality.
We source and maintain current, LOCAL MARKET GRANULAR COST DATA that is superior to the traditional use of “national average cost data” and location factoring. Significantly improve cost visibility and cost management for ALL your facilities repair, renovation, maintenance, and new build projects. #1 Over 85,000 line items available. Granular line items for repair, renovation, maintenance, and new builds organized by expanded CSI MasterFormat.
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.
For the last few years, global construction firms have had to scale technology adoption and implementation at a rapid pace. In fact, our research at Autodesk found that cloud-based collaboration activity grew 2.5x between 2020 and 2022. Given the acceleration of digital transformation, a construction professional’s ability to adopt and utilize construction technologies to their maximum potential has never been more critical to ensuring business and project success in addition to career advanceme
“Quality Assurance” and “Quality Control” are often times mistakenly used as interchangeable terms when discussing the broad issue of quality in construction; however, these two terms actually describe very different activities. Although both work towards the delivery of a final product that meets the project’s specifications and customer’s expectations, they arrive at the outcome in two very different ways.
The present and future of crisis mental health design 0 qpurcell Thu, 08/10/2023 - 10:07 Healthcare Facilities BWBR principal Melanie Baumhover sat down with the firm’s behavioral and mental health designers to talk about how intentional design can play a role in combatting the crisis. Katie Nordenson Healthcare Facilities Public Health Labs Designers Architects Interior Architecture The United States is in the midst of a mental health crisis.
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 Department of Labor announced changes to its Davis-Bacon rules this morning aimed at increasing construction workers’ pay on federally funded jobs.
Persimmon is looking to retender subcontractor packages more regularly as it looks to “share the cost pressures in this new challenging environment.” The house building giant highlighted cost control measures in its latest results as sales continued to slump. Group Chief Executive Dean Finch said said: “We are reviewing our subcontractor pricing on a more frequent basis to identify opportunities to secure increased savings.
In this guest blog post for Fieldwire, Patrick Hogan explains five common challenges project managers face on construction projects. Patrick is the CEO at Handle.com which builds software that helps contractors, subcontractors, and material suppliers secure their lien rights and get paid faster. Each construction project poses unique challenges — this is why construction project managers have distinct roles and responsibilities to fulfill from project to project.
Putting 9 senior living market trends into perspective 0 rcassidy Mon, 08/07/2023 - 20:26 Senior Living Design Brad Perkins, FAIA, a veteran of more than four decades in the planning and design of senior living communities, looks at where the market is heading in the immediate future. Brad Perkins, FAIA A veteran of more than four decades in the planning and design of senior living communities looks at where the market is heading in the immediate future.
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.
Weaker commercial activity will counter more robust institutional ambitions for the rest of 2023, said Sarah Martin, associate director of forecasting for Dodge Construction Network.
Electricity network giant SSEN Transmission has confirmed ten preferred bidders for a £10bn onshore infrastructure upgrade. Following a competitive procurement process, Balfour Beatty, Siemens Energy BAM, J. Murphy & Sons, Wood Power Solutions, Omexom Morgan Sindall Infrastructure, Burns & McDonnell, Morrison Energy Services, Linxon, IQA and NKT have all been selected.
This blog examining California construction will ask questions, give you previews of what is to come in ENR California and report on what we are hearing, reading and seeing in the state's construction industry.
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.
Construction Dive tracks the top projects focused on products such as semiconductors, EV batteries, food, cars and consumer goods since the CHIPS Act was signed last August.
UBS Asset Management and Reef Group have got the planning thumbs up to create one of Europe’s largest life science campuses in Stevenage, Hertfordshire. The 1.4m sq ft new Life Sciences hub will be delivered alongside GSK’s existing Global R&D facility and involve an investment of £900m. Construction is expected to start in late-2023 with completion for phase one targeted for Q4 2025.
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.
Hundreds of suppliers and subcontractors have been left £43m out of pocket by the collapse of Henry Construction Projects. According to the failed contractors records published by administrator FRP Advisory, more than 700 firms have been hit by the collapse of the south east tower builder. Henry also held performance bonds with a dozen surety providers.
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