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If you're serious about getting the best value you can for your marketing budget, you'll need to develop a marketing plan. Many contractors are having challenges adapting to this ever-changing economy. Trade contractors who rely on the same general contractors they did a few years ago to supply jobs to bid on are finding it more difficult to recover and find work.
4 Tips for Better Change Order Management. Elizabeth Manning. Thu, 06/18/2020 - 10:53. I n an HBRC Journal study , results showed that the average cost overrun from change orders was as much as 11% to 15% of the original contract value for many construction projects. This could quickly make the difference between a job being profitable and nonprofitable for a construction company.
photo by Andy Rogers , CC BY-SA 2.0. Even though the means to prevent trench collapses is pretty simple , dozens of construction workers continue to be killed by them every year. A few weeks ago, The Center for Construction Research and Training (CPWR) held a webinar on trenching and excavation hazards, the reduction of which is has been OSHA’s priority goal since 2018.
Single-Family Construction Permits Point to Building Growth. cbroderick. Thu, 06/18/2020 - 10:07. Numbers for single-family home construction remained flat in May with a 675,000 seasonally adjusted annual rate, but permits are signaling a promising growth. Single-family permits jumped nearly 12% last month, only 1.8% of what they were in 2019. Multifamily construction increased 15% in May as well, yet its future is not as bright as single-family construction.
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.
How to See Your Company Through the COVID-19 Storm. Kathy Wells. Wed, 06/17/2020 - 10:31. The COVID-19 pandemic has had far-reaching impacts on every aspect of daily life. World leaders and citizens alike are reacting to the rapidly changing situation as society enters a new reality for which there is no playbook. Business owners and executive teams from every industry are being tested.
How to See Your Company Through the COVID-19 Storm. Kathy Wells. Wed, 06/17/2020 - 10:31. The COVID-19 pandemic has had far-reaching impacts on every aspect of daily life. World leaders and citizens alike are reacting to the rapidly changing situation as society enters a new reality for which there is no playbook. Business owners and executive teams from every industry are being tested.
A Guide to Construction Services Procurement would be incomplete without a discussion of collaborative LEAN construction planning and management methodology. The latter is a robust, proven method of integrating the planning, procurement, and project delivery of repair, renovation, maintenance, and new new construction in and early and ongoing manner to consistent drive optimal outcomes.
6 Tips for Staffing Regardless of Market Conditions. Elizabeth Manning. Tue, 06/16/2020 - 14:01. Although many construction projects have been delayed due to COVID-19 restrictions, plenty of projects continue and their staffing needs remain crucial. Some ongoing construction projects—such as those funded by the government—come with built-in restrictions that make them even more challenging to fulfill.
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.
Facilities knowledge management. in combination with LEAN planning, procurement, and project delivery is the only proven pathway to improved financial, environmental, and functional performance outcomes. Building an integrated facilities knowledge management / LEAN environment is far from complex. The process does, however, requires owner leadership, commitment, and competency.
Social Distancing on the Jobsite. Kathy Wells. Mon, 06/15/2020 - 13:52. The jobsite we once knew—pre-COVID-19—was packed with meetings and personal interactions that we hardly considered risky until now. Today, we live in a world where the health and safety of our employees is not only a priority, but it’s also a major factor contributing directly to the well-being of those in our communities, cities, states and beyond.
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.
While some aspects of construction are inching toward normal, others seem to be impacted by an unknown future, according to data collected by the Associated General Contractors of America and Procore.
JOC Program development involves a strategic analysis of current and planned capabilities and a clear definition of desired outcomes. For most public sector real property managers, and facilities management teams, JOC Program goals include the consistent delivery of quality repair, renovation, and new construction projects on-time and on-budget, in full compliance with applicable regulations.
Weathering the COVID-19 Storm. Kathy Wells. Wed, 06/17/2020 - 10:31. The COVID-19 pandemic has had far-reaching impacts on every aspect of daily life. World leaders and citizens alike are reacting to the rapidly changing situation as society enters a new reality for which there is no playbook. Business owners and executive teams from every industry are being tested.
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.
Best value FM will remain an elusive goal for public sector real property owners until a transformation of basic management practices takes place. The path to best value facilities requires competency in both life-cycle total-cost-of-ownership asset management and LEAN construction planning, procurement, and project delivery. Both require higher levels of leadership, commitment, and competency that previously available.
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 few years ago, in his book “Parking and the City,” Donald Shoup, distinguished research professor of urban planning at UCLA’s Luskin School of Public Affairs, estimated that there were eight parking spaces for every vehicle that was on the road in the U.S. Other research also shows that one in three Americans doesn’t have a park within a 10-minute walk from his or her home.
This blog post is an update to my June 6th post, Two New LEED Pilot Credits Respond to COVID-19 , describing that the U.S. Green Building Council has now added two additional Pilot Credits responding to the novel coronavirus. You may reasonably infer that I have posted an update (. something I rarely do) because I believe the two new LEED pilot credits can contribute to a meaningful consideration of how to adapt to keep people safe in buildings and how to mitigate risk to owners of those buildin
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.
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