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The pressures of owning and operating a construction company can be, at times, almost unbearable. Unlike any other business, there's no "one size fits all" solution in your toolbox to fix your dilemma. Everything is created twice. First, in our minds, and when we do the work to bring them into physical existence. Take your power and take control of your ability to Be-Do-Have.
5 Ways to Support Diversity & Growth in Your Company. Elizabeth Manning. Wed, 08/12/2020 - 10:50. Recessions and other setbacks have placed the construction industry in a severe crisis. Skilled labor is aging out and moving into retirement, and there aren’t enough employees to fill the pipeline. According to the United States Bureau of Labor Statistics, there is currently a shortage of around 300,000 jobs in the construction industry.
3 Ways to Use Building Codes to Slow Climate Change . mbeirne. Mon, 08/10/2020 - 06:00. Most people rarely think that their homes or office buildings are major contributors to climate change, but we should not be so quick to overlook them. Our residential and commercial buildings account for about 40% of total energy consumption in the United States. .
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 to Lead Your Team Through a Pandemic. Elizabeth Manning. Fri, 08/14/2020 - 10:55. Take a breath. If the true test of a good leader is how they handle the tough times, 2020 has been a test for the ages. Navigating an economic recession in the midst of an unprecedented global health crisis is no small task, but the construction leaders in this article have taken on the challenge and come out stronger for it.
How to Lead Your Team Through a Pandemic. Elizabeth Manning. Fri, 08/14/2020 - 10:55. Take a breath. If the true test of a good leader is how they handle the tough times, 2020 has been a test for the ages. Navigating an economic recession in the midst of an unprecedented global health crisis is no small task, but the construction leaders in this article have taken on the challenge and come out stronger for it.
Job Order Contract Best Management Practices involve a focus upon LEAN collaborative construction planning, procurement, and project delivery processes and the associated integration of people, process, information, and people. Not all Job Order Contracts (JOC) and JOC Programs are the same. In fact, many JOC Programs have failed to employ LEAN principles.
How to Protect Your Jobsite Vehicles & Prevent Violations. Elizabeth Manning. Fri, 08/14/2020 - 10:31. After taking a massive hit in the initial stages of the pandemic, construction is starting to come back. According to the Bureau of Labor Statistics, the industry added 464,000 jobs in May 2020. Companies are adapting to the new realities of COVID-19 with a variety of practices, such as staggered work shifts, fewer site meetings and restricted access to enclosed areas.
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.
Their are multiple issues with using national average cost data bases, with or without associated location factors. These are described below. Properly developed locally researched detailed unit price cost data provides unparalleled cost visibility and transparency. Here are a series quotations from independently published research papers or professional articles noting the issues associated with the use of location factors.
Based on data that has ramifications for the entire industry, a new report from a subcontractor association also said that its members have taken a nearly 18% hit to productivity since the coronavirus outbreak began.
As the summer heat sets in across the country, heat stress begins to raise to the forefront of conversations. This silent killer is prevalent in many settings and can take its toll on workers in the blink of an eye. It is key to remember that there are easy ways to combat heat stress and to ensure workers safety from the inside out. We are taught to wear hard hats for head protection, steel toe shoes for foot protection, and safety glasses for eye protection, but what about our internal system
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.
2020 Construction Materials Prices are up 1.1% versus 2019, basically in concert with with a 1.0% year over year increase in the Consumer Price Index (CPI). Price changes for individual commodity categories over the past twelve months have varied widely. For example… +12% Plywood products. +26% Lumber/softwood. -2% Copper wire. +2% Plumbing fixtures. -8% Hot rolled steel. via Four BT, LLC – www.4bt.us.
In construction, documentation is always key. As a Project Manager, you need to be able at any time to retrieve critical data that will allow you to efficiently manage claims in your projects. Free guide: How to reduce construction delays by more than 20%. The smallest mistake and you can quickly end up fighting against claims that can block your project and cost you thousands of Euros.
EIA’s Energy Outlook 2020 forecasts a rapid decline of coal and nuclear power in this decade, the continuing expansion of renewables and the growth of U.S. exports of oil and gas. - Read: Renewable Energy: Shifting The Balance Of Power 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.
83,000 lost jobs in 2nd quarter 2020 (Office of National Statistics). via Four BT, LLC – Four BT, LLC provides innovative integrated project delivery solutions inclusive of detailed locally researched construction cost data, and enabling SAAS technology. We help guide organizations to achieve accelerated improvement of their facilities repair, renovation, and construction outcomes, via client-specific programs centered upon achieving best value outcomes.
A California company has devised a process that integrates recycled plastic into road repaving, an innovation that could revolutionize the industry while yielding environmental benefits.
by David Sovinski. Images courtesy IMI. Each project is unique, but there are some common mistakes, problems, and inefficiencies that occur on a regular basis, affecting the cost, schedule, or performance of building enclosures. Understanding material qualities and resultant performance is the core of good masonry construction. Common misunderstandings about the basic material of masonry, clay masonry, or brick can be better understood by reading ASTM C216-19, Standard Specification for Facing B
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.
Disease prevention has had a large impact on public space planning and design throughout history. Typhoid, smallpox and cholera epidemics in the 1800s brought forth the sanitary movement creating municipal sewer systems, indoor plumbing and wider, straighter streets that changed the way much of the world lives. The iconic, tree-lined allees of Paris and New York’s Central Park both sought to bring sunlight and fresh air into the city to combat infectious disease.
I was shocked to learn that the construction sector, operation, and maintenance of the built environment is responsible for 45% of the total UK’s carbon emission from the recent study published in the UK. The report went on to add that 32% of landfill waste comes from construction and demolition business, and nearly 13% of […]. The post How can we reduce the carbon footprint in the Construction Sector?
courtesy of Caltrans. Asphalt is the material of choice for much of the roadways in the United States, but as everyone that’s ever driven in a car knows, the material is prone to cracking and potholing, creating a considerable maintenance problem. A new process being tested in California is showing promising results by using cold in-place asphalt and recycled plastic bottles.
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.
From retail-infused brands to Airbnb, the hospitality industry has seen its share of disruptors over the past several decades. These disruptions have been relatively gradual and allowed time for the savvy hotel brands to anticipate and react to change. The COVID-19 pandemic, however, arrived suddenly resulting in the abrupt shutdown of the entire industry.
The IRS has extended a critical deadline for investments in Qualified Opportunity Zones until the end of the year, hoping to entice investors who have largely sat on their money during the global pandemic. - Read: There’s Still Time To Invest In Qualified Opportunity Zones at BusinessFacilities.com.
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