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A preventive maintenance program is one of the key aspects of keeping your plant running smoothly. Without it, you will experience many failures and downtimes that can cost your organization up to millions of dollars. If you’re a maintenance manager working in a highly reactive working environment, you’re probably looking for ways to improve your Preventive Maintenance Program, right?
Andrew Drennan , and Niall Tutt , of Alvarez & Marsal Disputes and Investigations review the role of the construction expert in conjunction with the rising use of artificial intelligence (AI). Disputes might benefit from early analysis of delays, cost overruns and evidence-based mitigation made possible. This story is only available to subscribers to the printed edition of Construction Law.
Small construction businesses have several characteristics that distinguish them from larger firms. These characteristics include having a limited workforce, smaller revenue streams, and a more localized focus. They are often run by the owners themselves or a small team of employees. They tend to have a more personal approach to their work, as they are usually more involved in every aspect of the project.
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.
Money talks in civil engineering, just as it does in any other sector. When it whispers details of budgets and expenditures, you want clarity, not confusion.
Engineered wood is rapidly gaining recognition as a pivotal material in modern construction, offering a sustainable alternative to traditional building materials like concrete and steel. This shift is crucial as the construction industry seeks to reduce its carbon footprint and embrace more eco-friendly practices. The sector currently accounts for a significant portion of global greenhouse gas… Source The post The Rise of Engineered Wood in Decarbonizing the Industry appeared first on
5 Risk Myths Demolished ccapoccia Tue, 04/30/2024 - 09:32 We make decisions about risk every day in our personal and business lives. For construction business owners (and everyone in the construction industry), bad outcomes can mean the difference between staying in business or not. Here are five risk myths that get in the way of thinking about important risks you may be overlooking — and accepting.
Tools like artificial intelligence and blockchain can help fill labor gaps while building a more diverse and innovative workforce, writes a contech executive.
The question of who will pay for at least $10 million to replace girders on I-55 near St. Louis is being sorted out between the contractor, subcontractor, insurance companies and attorneys.
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.
What is Best Practice in Construction Best practices in construction encompass the standard and meticulously planned approaches followed within the construction industry to ensure optimal outcomes and profitability. These practices may take the form of policies, procedures, or comprehensive systems implemented during specific periods. Over the past decade, the construction landscape has undergone significant changes, […] The post Best Practices in Construction appeared first on The Constru
February 2024 Construction Stats ccapoccia Tue, 04/30/2024 - 15:05 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. The statistics featured in each month's print issue are for three months prior to the publication of the magazine, based on the data available.
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.
A pipeline represents a complex network of pipes meticulously designed to transport fluids such as oil, natural gas, or other petroleum-based products over extensive distances, primarily underground. This vital infrastructure, which traces its roots back millennia to the movement of water, constitutes a cornerstone of modern civilization. While pipelines typically entail higher costs compared to […] The post 16 Types of Pipelines and their Construction Method appeared first on The Construc
Why Accurate Accounting Depends on Data Integration ccapoccia Tue, 04/30/2024 - 10:00 Construction accounting is more than just tracking numbers and compiling reports. For contractors operating with increasingly thin margins, accounting is essential for building a profitable construction business. At the same time, construction accounting isn’t easy, even for the most experienced accountants.
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Dive Brief: Irvine, California-based Rivian reaffirmed its commitment to build its $5 billion Social Circle, Georgia, electric vehicle plant, despite an ongoing construction pause, according to a letter from the electric automaker on April 18. The letter, addressed to the Georgia Departme.
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.
Quality Requirement of Admixture Admixtures play a pivotal role in enhancing the performance and properties of concrete. When considering the compatibility of admixtures with concrete, several quality requirements must be met to ensure optimal functionality and durability. These requirements encompass various aspects, ranging from characteristics and chemical composition to dosage and compatibility details.
Keep Up With Construction Material Cost Changes Turn data into intelligence and empower your organization with the latest in construction cost Data Insights. mhodges Wed, 05/01/2024 - 15:14 Staying ahead of cost trends can feel like an uphill battle. Market volatility, geographical variations and the lag between project initiation to build introduces unpredictability in the total cost of construction projects.
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.
What is Best Practice in Construction Best practices in construction encompass the standard and meticulously planned approaches followed within the construction industry to ensure optimal outcomes and profitability. These practices may take the form of policies, procedures, or comprehensive systems implemented during specific periods. Over the past decade, the construction landscape has undergone significant changes, […] The post Best Practices in Construction appeared first on The Constru
Empowering Your Project Team ccapoccia Tue, 04/30/2024 - 09:23 In the dynamic landscape of business, the role of the project management team in developing new business has emerged as a linchpin for organizations seeking to improve customer acquisition, growth and customer retention. Introducing a structured business development training initiative for project professionals, commonly known as a “seller-doer” program, can yield many benefits.
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 Requirement of Admixture Admixtures play a pivotal role in enhancing the performance and properties of concrete. When considering the compatibility of admixtures with concrete, several quality requirements must be met to ensure optimal functionality and durability. These requirements encompass various aspects, ranging from characteristics and chemical composition to dosage and compatibility details.
Outsourcing: A Strategic Imperative for the Construction Industry Discover how Eide Bailly helped a Northwest construction company drive growth and achieve success through outsourcing. mhodges Tue, 04/30/2024 - 12:56 Alliance Partition Systems (APS) is a steel stud framing and drywall contractor located in the Northwest United States. Since the relationship began in 2015, Eide Bailly has provided specialized expertise to support the company’s growth, including: Providing CFO-level financial g
Emerging considerations in inclusive design 0 qpurcell Thu, 05/02/2024 - 08:39 Architects Design elements that consider a diverse population of users make lives better. When it comes to wayfinding, some factors will remain consistent—including accessibility and legibility. Airports Healthcare Facilities Hospital Design Trends Designers Architects Design elements that consider a diverse population of users make lives better.
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