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The latest research from Deloitte and Autodesk found that economic uncertainty was cited as the top challenge for Australian construction businesses. 61% of construction businesses reported that rising material and labour costs significantly impacted their financial viability. KPMG research also shows just 31% of projects come within 10% of the original budget, indicating that budget control is more crucial than ever in this uncertain economic climate.
Reinforced concrete is one of the world’s most widely used building materials. From bridges and skyscrapers to foundations and walls, reinforced concrete is essential to modern construction. Despite its prevalence, many people need to become more familiar with the key principles of reinforced concrete construction, design considerations, and the installation and maintenance processes.
Prepare for the Construction Industry Evolution With a Digital Transformation A playbook for modernizing your processes to remain competitive mhodges Wed, 05/31/2023 - 10:34 Construction technology continues to quickly evolve. Not many years ago, it would have been impossible to design, plan, and execute an entire building plan from a single, three-dimensional blueprint via building information modeling (BIM) technology, but today it is.
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.
Teardown-Rebuilds Are Taking Over the New-Home Market ldeakins Tue, 05/30/2023 - 10:40 Rather than hunting for increasingly scarce vacant lots, builders are tearing down existing properties to add new infill homes to favorable neighborhoods A National Association of Home Builders (NAHB) report recently found that in 2021, nine percent of new homes resulted from teardowns, a share that continues to rise as undeveloped lots become increasingly hard to find.
The success of any construction project hinges on multiple factors, including budgeting and scheduling, which impact the project’s completion. In fact, most contractors usually add a 10% margin error into their budgets and timelines as a contingency. Expectedly, not all aspects of a project go according to plan; several setbacks usually affect your cost and timelines.
The success of any construction project hinges on multiple factors, including budgeting and scheduling, which impact the project’s completion. In fact, most contractors usually add a 10% margin error into their budgets and timelines as a contingency. Expectedly, not all aspects of a project go according to plan; several setbacks usually affect your cost and timelines.
Fear is a natural, emotional response to distress. The evolution of humanity was dependent upon feeling and responding to fear. Unfortunately, for some of us, fear is a stumbling block to unlocking our full potential and becoming great leaders. Fear can have a significant impact on business activities. If a business owner is afraid of taking risks or making decisions based on past negative experiences, it can hinder their success.
High-rise buildings are typically more than five stories and can range from just a few stories to the world’s tallest building, the Burj Khalifa, which stands at 830 meters. High-rise buildings are constructed for various uses, including residential, office, and commercial, and are considered a major engineering feat due to the complexities of constructing tall […] The post The Importance of Fire Safety in High-Rise Buildings appeared first on The Constructor.
CONTRACTOR magazine took the opportunity to speak to two manufacturing leaders in the sustainable space—A.O. Smith and Lochinvar—about electrification and heat pump water heater technology.
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.
Jobsite Management Software for the Field How jobsites worldwide are saving time & money mhodges Fri, 06/02/2023 - 11:28 Millions of jobsites worldwide are saving time and money on their construction projects using Fieldwire to connect their field and office teams on a single, easy-to-use platform. Companies of any size can get started in minutes using Fieldwire to access and share information, plan and manage work, and track and report progress.
4BT (Four BT, LLC) is the sole source for current, objective, verifiable, and granular local market cost data that does not rely upon location or economic factoring of national average cost information. Construction cost data is available for for Small Projects, Operations & Maintenance, and Major Renovations and Alterations, as well as Preventive Maintenance.
Historic buildings offer a unique opportunity to reclaim a piece of history and breathe new life into communities. Revamping these buildings comes with many advantages, including increased property value, community engagement, and a variety of creative opportunities. But there are also significant challenges to be aware of, from navigating regulations and managing costs to understanding […] The post Revamping Historic Buildings: Challenges and Opportunities appeared first on The Constructo
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.
Promote to rotator No Rotator Image Status of webinar Featured Thu, 06/22/2023 - 12:00 1 p.m. CDT As a result of economic and cultural trends, construction organizations today are increasingly relying on technologies that increase efficiency — especially in accounting departments. While the COVID-19 pandemic is largely behind us, construction companies are still dealing with the repercussions, including a backlog resulting from material and skilled labor shortages.
LOCALLY RESEARCHED & Up to Date Unit Price Construction Cost Data available exclusively from 4BT (Four BT, LLC)! Line item cost data representing local market conditions. No use of location factors or economic factors – actual local market labor, material, and equipment costs. Cost data is collected and represented in a consistent way – expanded CSI MasterFormat, industry standard terms and defintions.
Concrete is essential in many modern structures, from buildings to bridges and dams. Strengthening and reinforcing the material is essential in ensuring its strength and durability. Unfortunately, traditional concrete reinforcement and durability methods are becoming outdated and are only sometimes suitable for modern-day projects. Fortunately, there are a variety of innovative materials that can be […] The post Innovative Materials for Concrete Reinforcement and Durability appeared first
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.
Promote to rotator No Rotator Image Status of webinar Featured Thu, 06/29/2023 - 12:00 11 a.m. CDT This webinar, specifically tailored to construction professionals, focuses on how to enhance the effectiveness of safety programs by incorporating diversity, equity and inclusion (DEI) and organizational integrity. The presentation showcases companies with best practices in this area and offers guidance on how to implement these principles within your own organization.
National Grid Electricity Transmission has fired the starting gun on what will be one of the biggest tender races this year for the construction industry. The power distributor is planning to shake-up its delivery model for infrastructure in what will be its largest investment programme in generations. Opting for a collaborative procurement model, The Great Grid Upgrade Partnership will be split into two major lots: covering consultancy and construction works.
Construction is filled with complex processes requiring the collaboration of multiple teams—including office, engineering, and trades. As such, communication is essential to the success of your projects; the lack thereof can lead to delays, errors, and increased costs. This is where Building Information Modeling (BIM) comes into play, and BIM managers are the ones tasked with connecting teams and improving coordination between them.
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.
Refresh Your Company’s New Hire Checklist Your template for creating better first days & encouraging eager employees mhodges Fri, 06/02/2023 - 08:34 Want new employees to feel excited and ready to dive into their roles? Complete these 20+ essential onboarding tasks detailed in this free onboarding checklist. Fill out the form at this link to download the checklist.
A shake-up in construction of the central section of HS2’s phase one route from London to the West Midlands will see the Align contracting joint venture take over responsibility for a stretch previously assigned to EKFB. The Enquirer understands the changes involve a number of sites in the North Chilterns area where EKFB (Eiffage, Kier, Ferrovial Construction and Bam Nuttall) was main contractor.
The construction sector is having a pivotal moment. The choices we make today will significantly shape the future of our industry and the entire built environment. There are a lot of essential questions surrounding the path forward. Which technologies should we invest in? What steps will enable us to increase alignment across all project stakeholders?
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.
Concept Homes to Promote the Wellness that People Want from Their Homes qpurcell Thu, 06/01/2023 - 10:10 During the early days of the pandemic, community design and marketing expert Teri Slavik-Tsuyuki of tsk ink found herself growing increasingly frustrated. She noticed that so much news coverage focused on the pandemic’s effects on many industries—but not its effects on the spaces where people were suddenly spending the bulk of their time.
Luton Town FC is aiming to start groundworks for its planned new 23,500-capacity stadium before the end of the year. The club is pressing ahead with its Power Court stadium plan with the aim of submitting detailed plans before for its first match in the Premier League. The club’s development arm, 2020 Developments, has just released new images as it gears up to fast-track the planned new stadium in the heart of Luton’s town centre.
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