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One of the things we’ve been most proud of at Englewood Construction over the last several years is the growth of our Facilities Management Group. This division started as a way for us to extend our relationship with clients to include planned, preventative and emergency commercial facility maintenance; while it certainly wasn’t typical, then or now, for a national construction firm to also be a facility maintenance provider, we saw a lot of benefits to a general contractor offering these servic
While construction has been one of the slower industries to adapt, the digital tech genie is now out of the bottle. According to the World Economic Forum, the construction industry will be almost entirely digitized within 10 years, with an overall potential savings of $1.2 trillion globally due to increased efficiency and productivity. Those kinds of numbers can’t be ignored.
Visibility throughout a construction business is critical for long-term success. Decision-makers need to have access to real-time data to steer the company in the right direction, and those managing projects on the ground need clear communication from the office to execute projects efficiently and effectively. It’s no secret, though, that many contractors rely on spreadsheets for workflows like accounting, project management, scheduling and estimating.
The trade of steel is an important part of the global economy, with about five million people involved in making this metal worldwide and a further million people employed in service centers, galvanizing plants and trading. Every year the world produces about 1,600 million tons of crude steel – the equivalent weight of about 160,000 Eiffel Towers. It’s also of vital important to the US.
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.
The discussion around innovation in construction is gradually becoming more and more intense. Nevertheless, we have to admit that things still move slowly compared to other sectors, such as transportation, finance and media. According to McKinsey & Company, the construction industry is one of the least digitised sectors (IT spend doesn’t exceed 1%).
On a construction jobsite, innumerable things can go wrong—many of which might be completely out of your control. For example, you cannot control who will show up for work, when equipment might break down, if the weather will be favorable or whether plans will be complete and accurate.
On a construction jobsite, innumerable things can go wrong—many of which might be completely out of your control. For example, you cannot control who will show up for work, when equipment might break down, if the weather will be favorable or whether plans will be complete and accurate.
The construction industry has seen significant growth over the past few years, and the trend is projected to continue —although at a slightly slower pace—through the rest of 2018. In February, we also saw the biggest jump in construction jobs filled since March 2007 , which shows that contractors are hiring. Contractors need skilled labor as there’s plenty of work out there.
Maybe not since Plato wrote about the value of reusing waste in the fourth century BC has recycling undergone the wide fluctuation, good and bad, that we are seeing right now. Today, the world has been forced to rethink its approach to waste. China is driving the change in recycling. Most recently, China imposed a 25% tariff on U.S. scrap aluminum. The import has resulted in a more than 15% drop in the price of mixed aluminum scrap this past month to 60 cents per pound, an amount that exceeds th
A pipe flange is a mechanical device which serves the purpose of joining pipes together. It can be in the form of a welding neck where it’s welded to the flange collar or threaded where it’s screwed to the flange. Other methods include the use of a lap joint to make connections using a stub end, or a socket weld or a slip on. Here are 5 tips to use a steel pipe flange for the first time: 1.
There are many questions concerning the insurance and surety marketplace for construction in the United States in 2018. Will auto insurance rates continue to increase? How will the aftermath of Hurricanes Harvey, Irma and Maria affect insurance rates? What should construction companies budget for builder’s risk insurance? The following is a snapshot of likely changes in the coming months.
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.
When developing a project of any scale, the distribution of funds is critical to the project’s success. Deciding how much to invest in each project area and phase can directly affect the project’s schedule and bottom line. While there are certain areas of a project that can subsist with lower funding, safety is not one of them. There is an abundance of reasons why it pays to spend more money on safety professionals as opposed to trying to save money in this department. .
The Construction Marketing Association announces a CALL FOR ENTRIES for the annual Construction Marketing STAR awards. The program recognizes marketing effectiveness in the construction industry in North America and worldwide. Winning entries are posted in STAR Awards Winners Gallery. Early entry deadline is September 28 , 2018. Final entry deadline is October 26.
For most business executives, the internet of things (IoT) is far from a foreign concept. According to a recent Hewlett Packard study, more than 95 percent have an understanding of the IoT, while 85 percent plan to implement it by 2019. When it comes to making the most of IoT technology, however, things tend to get a little murky.
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 AEC Next Technology Expo + Conference is a must-attend event for all construction professionals in 2018. The special event offers the most vendors, the most attendees, and the greatest number of offerings fit for your entire team. The conference will take place twice this year. The first will be June 5-7 in Anaheim, CA. The other will take place in Washington DC , on December 4-6.
Each month, the Construction Business Owner team compiles statistics from several different sources, including the American Institute of Architects (AIA) and the United States Census Bureau, to give you a better understanding of the current state of affairs for the construction industry. The statistics featured in each month's print issue are for 3 months prior to the publication of the magazine, based on the data available.
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.
Excessive Administrative Fees for JOC Construction Services – Buyer Beware. If you are a member ( a public real property owner) of Cooperative and paying an “Administrative Fee”,or any fee at all… beware. When every dollar counts, why would a public sector entity pay a fee., let alone a hefty one like this? There is simply no justification for the practice, especially when some Cooperatives DO NOT CHARGE MEMBERS an administrative fee, yet provide equivalent, if not superi
Unemployment has dropped to below 5%, with positive employment figures showing that the economy added more than 230,000 new jobs in February. Yet, there has been much debate and concern over the state of industries – so how come? It’s not just here in the US either, over in the UK the unemployment is an identical rate of 4.7%. Yet we do need to realize that the face of employment has shifted massively.
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.
We are excited to offer an Introductory LEAN Job Order Contracting Webcast. This is a free webcast, however, will be limited to 45 attendees. The 30 minute webcast will include… Best practices for minimizing facility repair, renovation, and minor new construction costs through integrated LEAN processes, a common date environment, and supporting cloud-based collaborative technology.
The new Virginia Treatment Center for Children, part of the Virginia Commonwealth University Medical Center, is one of the largest free-standing children’s mental health centers in the United States. The child-specific center uses design elements to both destigmatize behavioral and mental healthcare and support healing.
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.
At not-quite-thirty-one years old, the rapid prototyping process is just beginning to integrate itself as a mainstream utility in today’s marketplace. It has many different uses in areas of manufacturing, there are research and development advantages which stem from RP machines, and even the construction industry is beginning to see a transformation.
Homelessness is on the rise in the United States for the first time since 2010, with both Los Angeles and the entire state of California hit particularly hard by what has become a full-blown humanitarian crisis. Los Angeles witnessed a 20 percent increase in the number of people experiencing homelessness from 2016 to 2017.
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