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Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs. These costs have surged due to a combination of factors, including supply chain disruptions, labor shortages, increased material prices, and evolving regional risk expo
Finding some certainty can make all the difference in the unpredictable construction business world. While the future remains a mystery, budgeting and cash flow forecasting tools can significantly reduce uncertainty, allowing you to anticipate challenges, learn from past events, and enhance your ability to navigate your business. Budget vs. Cash Flow: the crucial distinction A common misconception is that a budget and cash flow are interchangeable.
Contractors often downplay marketing efforts and instead rely on word-of-mouth connections, but a few simple steps can help find new clients, says a construction branding expert.
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.
What you should know before expanding your business Many of our clients begin their business expansion quest by attempting to add on to their existing building rather than moving their operation, and most of the time they’re able to move ahead without any problems. Expanding their existing space to make more room for additional manpower or machinery could be more affordable than building new or renovating another building.
Exploring Contractual Risk Transfer in Construction ccapoccia Wed, 11/08/2023 - 10:12 Every commercial or residential building, no matter how unassuming its appearance, is the culmination of collective endeavors by designers and proficient tradespeople. Carpenters, masons, electricians, plumbers, drywallers, roofers and numerous other skilled individuals work in collaboration to ensure that the building functions as a contemporary, sturdy and secure structure.
Exploring Contractual Risk Transfer in Construction ccapoccia Wed, 11/08/2023 - 10:12 Every commercial or residential building, no matter how unassuming its appearance, is the culmination of collective endeavors by designers and proficient tradespeople. Carpenters, masons, electricians, plumbers, drywallers, roofers and numerous other skilled individuals work in collaboration to ensure that the building functions as a contemporary, sturdy and secure structure.
FM – 2023 and Beyond 1) Owner Leadership, Commitment, & Accountability 2) Integrated Planning, Procurement, and Project Teams, Processes, and Workflows 3) Standards and Guidance – Shared Objective, Granular, Local Market Construction Task & Cost Data, Expanded Masterformat, Expanded UNIFORMAT 4) Frameworks and Contracts Focused Upon Mutually Beneficial Outcomes for ALL Participants and Stakeholders 5) Manditory Initial and ONGOING Education and Training 6) Quantitative Perfor
Construction Industry Stats for August 2023 ccapoccia Fri, 11/10/2023 - 14:57 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.
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.
FM 2024 and Beyond 1) Owner Leadership, Commitment, & Accountability 2) Integrated Planning, Procurement, and Project Teams, Processes, and Workflows 3) Standards and Guidance – Shared Objective, Granular, Local Market Construction Task & Cost Data, Expanded Masterformat, Expanded UNIFORMAT 4) Frameworks and Contracts Focused Upon Mutually Beneficial Outcomes for ALL Participants and Stakeholders 5) Manditory Initial and ONGOING Education and Training 6) Quantitative Performance Me
The practice helps longtime employees learn tech and communication skills, while newer workers gain valuable insight from experienced colleagues, according to a Suffolk project manager.
What Contractors Should Know About the Build America, Buy America Act ccapoccia Thu, 11/09/2023 - 11:03 Battling back from the Great Depression, the Hoover administration passed the “Buy American Act” in 1933. The basic premise of the law was to revive and bolster the economy by requiring U.S.-sourced iron and steel mined or produced in the U.S. to be used in projects for the federal government.
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.
21 New Integrations for Autodesk Construction Cloud Construction companies produce an immense amount of data every day; but are firms actually leveraging this goldmine of insights? New research from Deloitte Access Economics , commissioned by Autodesk, suggests there’s work to be done here. Today, only 20% of construction firms identify as data leaders, with the remaining 80% reporting either beginner or emergent levels of data capabilities.
Large developments, including Newlab at Michigan Central and the renovation of the Book Building skyscraper, were recently completed in the Motor City.
Kassy Slaughter, Head of Construction Education at Procore ccapoccia Thu, 11/09/2023 - 15:10 No. 1 Must-Have: Humor. “I guess my story is that I watched too much “Law & Order” growing up, and so I was pretty hellbent on being a prosecutor,” said Kassy Slaughter, head of construction education at Procore. So, Slaughter went to community college for criminal justice and worked in a few law firms until she realized how inauthentic everyone seemed.
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.
The oil and gas industry plays a significant role in the global energy landscape and contribute to 82% of total primary energy consumption in the world. However, the industry is exposed to many risks that can significantly impair operations, the environment, and the safety of people. Let’s briefly examine the importance of risk management, the difference between proactive and reactive risk management strategies, and an additional proactive risk management strategy the oil and gas industry
How to Maximize Equipment Accountability for Enhanced Productivity ccapoccia Wed, 11/08/2023 - 08:17 Accountability is the linchpin that holds together a well-oiled operation, especially when that operation consists of many moving pieces of equipment. The inability to know who did what, when, where and why makes it difficult to follow up and address issues such as lost, displaced and/or damaged equipment or poor maintenance management.
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.
At Autodesk, our goal is to help your teams work faster and smarter all year long. This month, we have more than 25 product releases across Autodesk Construction Cloud platform and products, including Autodesk Build, Autodesk BIM Collaborate, Autodesk Takeoff, BuildingConnected, and Assemble. Click below to get the key info you need to know: Autodesk Construction Cloud Platform Autodesk Build Autodesk BIM Collaborate Autodesk Takeoff BuildingConnected Assemble Autodesk Construction Cloud Platfor
Kerri Brady, Vice President of Educational Practice at Huckabee ccapoccia Thu, 11/09/2023 - 11:51 No. 1 Must-Have: “Radical love” Kerri Brady, AIA, vice president of educational practice at architecture firm Huckabee, describes her one “must-have” as radical love. And judging by the path her career has taken, it’s not hard to find where she’s incorporated it.
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.
Quality and safety challenges affecting Singapore’s construction industry today have the potential to be solved by technology. Innovative tools, systems, and data analytics (including AI) combined with matching policies, communication strategies and protocols, promise major improvements in how we assess and warrant construction quality and safety. We are excited to announce the release of our latest report, created in partnership with The University of Melbourne, “The role of Technology in Suppo
As construction jobs grow in size and complexity, someone is needed to ensure the vision doesn’t get lost along the way, said panelists at the Design-Build Conference & Expo last week.
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