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A wise business owner once said, "Happiness is positive cash flow." As a business owner, I'm sure you agree. Everything is better when your cash-in exceeds your cash-out. A cash crisis can be emotionally devastating, and it can even kill your business. If you've ever had to beg, borrow, and steal to cover tomorrow's payroll, you know what I mean. Having a proper cash management system allows you to: Know when, where, and how your cash needs will occur.
If you are in the construction industry and make use of, or supply hard hats to your construction workers, you will want to know how often hard hats should be inspected for safety. The answer is that hard hats should undergo a safety check every six weeks, but this is not set in stone. If there have been incidents, the hard hat should be checked immediately after the incident.
Owner responsibility for construction waste is clearly documented. Early and ongoing collaboration between teams working towards mutually defined and beneficial goals is a prerequisite for consistent achievement of maximum integration and utilization of available resources. A comprehensive, step-by-step execution guide detailing roles, responsibilities, workflows and information environments, among real propter owners, design engineers, architects, prime contractors, and subcontractors and an as
3 Strategic Marketing Moves to Emerge From the Pandemic Strong. Elizabeth Manning. Wed, 01/20/2021 - 16:04. The coronavirus pandemic and its accompanying economic uncertainty have hit the construction industry hard. The effects are apparent, with reports of losing one million jobs in just one month and a smaller number of cranes in top United States cities for the first time since 2017.
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.
DP Electric is awarded Most Innovative Use of Viewpoint Technology during Collaborate 2020 for its development of three integrated software applicatio.
DP Electric is awarded Most Innovative Use of Viewpoint Technology during Collaborate 2020 for its development of three integrated software applicatio.
Introduction – 2021 Facilities Repair Renovation and New Construction Cost Management spans multiple principles, practices, domains, and more. The consistent achievement of best value quality, cost, and schedule outcomes requires the strategic and tactical integration of planning, procurement, and project delivery in concert with the core organizational mission.
How to Alleviate Labor Shortage Problems & Stay Ahead of Staffing in 2021. Elizabeth Manning. Thu, 01/21/2021 - 12:23. With an uneven pandemic response across the country and a number of regulations that fluctuate from week to week, the commercial construction industry dealt with an intense degree of uncertainty in 2020. But there is cause for optimism in 2021.
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.
Adopting a Program versus a Project Approach Improves Facilities Management and Construction Outcomes by… 1. Eliminating redundant costs and activities and 2. Aligning strategies and objectives with processes and workflows. Volumes have been written about the fragmentation of the AECOO (architecture, engineering, construction, operator, owner) and Facilities Management sectors and their relative high levels of economic and environmental waste.
A Look Back at 75 Years of the Backhoe Loader. Elizabeth Manning. Wed, 01/20/2021 - 16:35. The post-World War II era was one of enormous innovation and economic growth. As millions of servicemen returned home, the housing market exploded, with 2.5 million homes built from 1946 to 1948. By the 1950s, nearly two-thirds of all industrial construction was taking place outside of cities as suburban America was forming.
Michigan prosecutors last Thursday announced that 9 individuals have been indicted on a total of 42 counts related to a series of alleged actions and inactions that created the Flint water crisis. Interestingly, the Chief Judge of the Seventh Circuit in Genesee County appointed Judge David Newblatt to act as a one-man grand jury to investigate crimes related to the crisis.
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.
Alignment creates construction value and is the primary responsibility of real proper owners. Continuous optimization of facilities repair, renovation, maintenance, and new build outcomes is only possible through owner leadership with respect to core principles, systems, culture, and results. While clearly each project is different, it is important that each is in overall alignment with a robust program (a defined and integrated construction planning, procurement, and project delivery programmat
5 Benefits of Eliminating Waste & Tightening Project Elements. Elizabeth Manning. Wed, 01/20/2021 - 08:59. The construction industry, deemed an essential business during the coronavirus pandemic, never stopped working. Because it remained vital, 67% of workers expected consistent or increased project backlogs. As project managers (PMs) navigate a new normal and a considerable amount of work, lean workforce management processes can provide a blueprint for successful crisis management and risk mit
The automaker will add 120 new jobs at the Honda of America Mfg., Inc. Anna Engine Plant with help from a JobsOhio economic development grant. - Read: Honda Investing $200M In Western Ohio Engine Plant Expansion at BusinessFacilities.com.
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.
Clear definition of information requirements, aligned with robust Lean processes, and collaborative delivery teams is a proven pathway to best value construction. Primary barriers: Improper cost focus Lack of leadership and innovation Resistance to collaboration and change Lack of information standards Poor planning, procurement, and project delivery integration.
How BIM Helps General Contractors Win More Business. Learn how this technology has rapidly become the key to success in today’s high-stakes industry. Greg Ragsdale. Mon, 01/18/2021 - 15:19. No industry in the world remains untouched by digital technology. For the architecture, engineering and construction (AEC) industry, this holds especially true. Technology is making vast improvements in the way general contractors (GCs) plan and build projects, paving the way for a reimagined future.
In 10 years, the world will have reached a tipping point where the negative impacts of climate change are irreversible. A significant contributor to global CO 2 emissions is the built environment, accounting for 45% of total emissions through the energy it uses and the carbon emitted to create it.
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.
ISSUE- The required standards for the currency and accuracy of construction cost data used for IGEs have not been met for years, and there is appears to be no plan to address this major failing. An independent Government estimate of construction costs shall be prepared and furnished to the contracting officer at the earliest practicable time for each proposed contract and for each contract modification anticipated to exceed the simplified acquisition threshold.
What You Can Expect to See in 2021 According to Economist Richard Branch. Elizabeth Manning. Wed, 01/20/2021 - 08:40. The ongoing pandemic notwithstanding, construction economists are cautiously optimistic about a slow, but continual, recovery in 2020. That’s the short answer. The long answer is a bit more complicated. In its 2021 Construction Outlook, Dodge Data & Analytics predicts that total United States construction starts will increase 4% over the next year, to a total of $771 billion.
World of Asphalt and the National Asphalt Pavement Association (NAPA), opened registration today for the first ever “People, Plants, and Paving” Digital Conference. Attendees can register at WorldOfAsphalt.com.
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.
Energy technology company Arq will develop a new industrial facility in St. Rose, LA to produce its proprietary Arq Fuel product. - Read: Arq Investing $40M In Innovative Fuel Facility In Louisiana at BusinessFacilities.com.
courtesy of Liebherr. As more and more battery powered heavy construction equipment is being released to help lower noise and emissions on the jobsite, I shouldn’t be that surprised to hear about a battery powered crawler crane – but, I still am. In December, crane manufacturer – and amazingly cool crane video maker – Liebherr unveiled what they are calling the world’s first battery powered crawler cranes.
In his first hour as president, President Joe Biden will sign a series of executive actions that reverse his predecessor’s orders on the border wall, immigration, climate change, and the handling of the coronavirus pandemic, according to various sources.
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