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Tax season can be a bit overwhelming for construction business owners, especially with many things to keep track of in our industry. But don't worry; we're here to help! We know that construction businesses have unique tax considerations that can be tricky to navigate, such as complex accounting and bookkeeping challenges and issues related to payroll and sales taxes.
Cranes are the indispensable workhorse of dozens of industries all over the world. Using basic principles of mechanical advantage, cranes are used to hoist and manoeuvre huge loads that would be impossible to shift by hand. But cranes are not the be-all-end-all. They come with limitations, particularly when it comes to the size, shape, weight and load distribution of objects that are being lifted.
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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 construction industry added 17,000 jobs on net in December, according to an Associated Builders and Contractors’ analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 197,000 jobs, an increase of 2.5%. Last month, nonresidential construction employment increased by 11,900 positions on net, with growth in two of the three subcategories.
October 2023 Construction Industry Stats ccapoccia Thu, 01/11/2024 - 10:12 The Construction Business Owner team compiles statistics each month from several 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.
In 2023, the construction industry grappled with the lingering effects of supply chain disruptions, inflation, and ever-present labor shortages —a narrative that has become all too familiar. But amidst these challenges, construction pros remained as resilient and innovative as ever. We adopted new technologies, embraced sustainable building practices, and were more vocal about the benefits of working in the AEC field.
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.
2024 Construction Forecast ccapoccia Wed, 01/10/2024 - 16:17 Fasten your seat belts and enjoy the ride. Like airline travelers bracing for expected turbulence, contractors are preparing for a tricky operating environment in 2024. “Heretofore, construction companies in all sectors have been busy,” said Anirban Basu, chairman and CEO of Sage Policy Group.
Digital technology tools today have changed the face of what it means to be in construction by enabling cloud collaboration, improving workforce productivity and making sustainable practices easy to achieve. Diamond Developers , a subsidiary of SEE Holding are driving the digital agenda across the entire lifecycle of a construction project. The company uses adaptive thinking to achieve their greater purpose—sustainable living for all.
Designing for personal technology is crucial for senior living facilities 0 qpurcell Thu, 01/11/2024 - 16:00 Senior Living Design Today’s seniors are increasingly tech savvy. It isn’t enough to give senior living residents a pre-determined bundle of technology and assume that they’ll be satisfied. Jeff Carpenter, PE, RCDD MFPRO+ Blog Senior Living Design Designers Engineers Architects Smart Buildings Today’s seniors are increasingly tech savvy.
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.
Reality Check: Using AI in Construction ccapoccia Wed, 01/10/2024 - 17:06 As we look back on 2023, for a lot of businesses across every industry, it was the year of artificial intelligence (AI). There was a lot of talk, a fair amount of hype, some healthy skepticism, and many glimpses into what the future could look like. How much might AI transform the construction industry?
Acting Labor Secretary Julie Su says rule will prevent employers from misclassifying legitimate employees as independent contractors, but construction groups largely oppose it.
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.
How a Simple Thanks Can Win More Work ccapoccia Wed, 01/10/2024 - 12:09 Are you thankful for the opportunity to work for customers who allow your company to thrive, grow and improve your financial condition? Do you regularly tell your customers “Thanks” or send them a thank-you note or a birthday card? Or do you do anything to show you appreciate or care about them and their success?
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.
While details on projects such as the state’s infamous high-speed rail project are scant, the map provides a broad overview of the work that is underway.
OSHA Is Not Backing Down ccapoccia Wed, 01/10/2024 - 16:05 Even if you did not directly experience last summer’s heat, you probably read or heard about it. Historically high temperatures scorched the country from coast to coast, and there are no signs that this heat will abate anytime soon. According to the Bureau of Labor Statistics, 436 people have died due to workplace heat exposure since 2011.
Photos courtesy Documodern LLC. By Mike Smalley Modern commercial design is witnessing a shift, driven by innovative building envelopes that deliver on aesthetics, functionality, and sustainability. The Forsyth Pointe project featured here is a testament to this evolution, showcasing how architecture is not only changing the city’s skyline but also reshaping its identity.
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.
About 80% of contractors have a hard time staffing projects, yet the majority still need more skilled workers, a survey of Associated General Contractors of America members found.
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Photo by Bess Adler/courtesy Thornton Tomasetti. By Brad Pridham, PhD, P.Eng., Michael Wesolowsky, PhD, P.Eng., Rabih Alkhatib, PhD, P.Eng., and Sami Rahman, M.A.Sc., P.Eng. Over the past five years, the commercial real estate industry has seen a surge in the acquisition of properties to be renovated as laboratory space for the health sciences sector.
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