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Some construction business owners find themselves in the difficult position of running a business that appears to be profitable but still having no money in the bank. It's a critical situation to address. After all, a lack of adequate cash flow is one of the leading causes of small construction business failure. Here are three reasons why profitable construction businesses have little money in the bank and what company owners can do to handle these tricky situations.
6 Steps to a Safer Jobsite. Alex Headley. Mon, 04/19/2021 - 07:21. The No. 1 priority of Gilbane Building Company has always been the safety of its workers, and at no time has that been more critical than during the past year. COVID-19 has impacted how and when work gets done — ushering in a new level of safety protocols. While most of these were in response to the immediate threat of COVID-19, these new practices may also be helpful in managing contagion of the yearly flu and many of them will
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 are Industry 5.0 and AEC connected? Simple, climate neutrality, digital leadership, and the built environment are inexorably intertwined. Efficient stewardship of the built environment in concert with environmental and economic resource considerations is mandatory for real property owners, facilities management professionals, architects, engineers, builders, building users, and oversight groups.
Strategies That Missed the Mark. Alex Headley. Tue, 04/20/2021 - 09:27. While it seems like an eternity ago, there was once a world without masks and gobs of hand sanitizer. It seemed then that businesses were thriving, and one of the biggest challenges in those days was simply finding people to handle the backlog — but not all businesses were thriving.
Strategies That Missed the Mark. Alex Headley. Tue, 04/20/2021 - 09:27. While it seems like an eternity ago, there was once a world without masks and gobs of hand sanitizer. It seemed then that businesses were thriving, and one of the biggest challenges in those days was simply finding people to handle the backlog — but not all businesses were thriving.
Safety is the primary concern in the mining industry because it’s one of the most hazardous work environments in the world. It’s what every mining employee on or underground is thinking of as they extract coal, metal ores, and stones. Working in the mine requires standing on your toes with some serious footwear—heavy-duty mining shoes. Choosing Heavy Duty Mining Boots .
As a project manager, you should always think of the schedule as the heartbeat of your project. One of your top responsibilities is to keep your project’s rhythm at a regular pace. It’s like running a race. If you want to succeed, you need to find the right balance and avoid going too fast or too slow. To make that happen in projects that have a lot of repetition (hospitals, roadwork, apartment blocks), you have to break down your programme into smaller manageable tasks.
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.
The diverse cultures, flavors and talents of Miami make it a unique global address for high-tech players in a rapidly growing hub. - Read: Miami: A Thriving Business Climate Adds Flavor To FDI at BusinessFacilities.com.
Family-owned Liebherr Group posted sales of approximately $12.5 billion in 2020, down 12 percent from the approximately $14.2 billion it recorded in 2019. Net income for the year was about $501 million, down from about $726 million in 2019. Net profit was about $8.
A recent survey of more than 200 subcontractors and suppliers in the Northeast found that respondents have been prefabricating 20% more than they did prior to the COVID-19 pandemic. And 71% said that they had seen an increase in requests for design-assist proposals, a strong sign that speed-to-market is a priority.
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 beverage production company will create up to 111 jobs at its new Midwest headquarters and manufacturing facility in Columbus, IN. - Read: Ninth Avenue Foods Investing $103M In Indiana Facility at BusinessFacilities.com.
The Tunnel Boring Machine (TBM) “MudHoney” was lowered into the ground today in Seattle, Washington, ready to get to work on the Ship Canal Water Quality Project. The project is a $570 million program, being performed by The Lane Construction Co., the U.S. subsidiary of the Webuild Group.
California Master Planned Community Axed Due to Environmental Concerns. cbroderick. Wed, 04/21/2021 - 08:48. A judge blocked the development of a 6,000 acre, 20,000-home master planned community in California after a lawsuit suggested developers did not consider wildfire risk or greenhouse gas emissions. The community, called Centennial, would have been developed on the edge of Los Angeles and Kern counties, 70 miles from downtown Los Angeles, in Tejon Ranch.
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.
Nacero Inc. will build a lower carbon gasoline manufacturing facility at a site in Penwell, TX, employing 350 full time operators and maintenance personnel. - Read: Nacero To Invest Up To $7B In Texas Gas Manufacturing Facility at BusinessFacilities.com.
KOBELCO said it has found a new engine supplier to replace the Hino engines that failed to meet EPA standards. The supply glitch has resulted in the company laying off 100 employees at its plant in Moore, South Carolina, on May 1 as it suspends production of several of its excavators.
Strengthening to a score not seen since pre-Great Recession, the Architecture Billings Index (ABI) logged its second positive mark since the beginning of the pandemic, according to a new report today from The American Institute of Architects (AIA).
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.
Amazon will build a 650,000-square-foot state-of-the-art robotics fulfillment center on 119 acres of ancillary land in Henrico County, VA. - Read: Amazon To Hire Over 1,000 At New Virginia Fulfillment Center at BusinessFacilities.com.
Stay-at-home orders during COVID-19 have led to at least one welcome side effect: cities around the world saw dramatic decreases in traffic. As cities work toward carbon emissions reduction goals (80% reduction by 2050 in New York, carbon neutral by 2050 in Los Angeles and Boston), they will need to effect substantial change within the transportation sector.
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.
One of the toughest things to deal with on any project can be the relationships between owner and general contractor or the general contractor and subcontractor. In the worst case scenarios, tensions between those relationships can sometimes lead to one of those parties packing up their tools and walking off the job before it’s complete. But that action may make the situation a little hairier than you might expect, if you don’t do it the right way.
March Existing Home Sales Drop as Prices Rise. cbroderick. Fri, 04/23/2021 - 09:50. March marked the 109th consecutive month of yearly gains for existing home prices for all housing types while sales dropped nearly 4% from the previous month, reports the National Association of Realtors. Housing market activity dipped 3.7% from February to March 2021, bringing March’s existing home sales to 6.01 million, a 12.3% increase from March 2020.
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