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How Can Telematics Reduce Rising Equipment Costs? ccapoccia Wed, 11/29/2023 - 18:05 Inflation has taken its toll on the construction industry. Earlier this year, one of the world’s largest equipment manufacturers said the average price of its machinery would jump by 8% globally. Further, in a survey Teletrac Navman recently undertook, equipment operators said that maintenance costs are also growing.
In recent years, the importance of sustainable home construction and energy-efficient housing has become increasingly prominent in the UK’s efforts to combat climate change. The UK’s built environment contributes significantly to its carbon footprint, accounting for 40% of the nation’s total carbon emissions. As the country strives towards achieving net-zero carbon emissions by 2050.
In today's digital age, online reviews hold immense power and influence over the success of small construction companies. With easy access to social media, Google reviews, and review websites, customers can easily voice their opinions and experiences with your business online. Most people searching for a local construction company - whether they need a plumber, painter, or general contractor, will check their online reviews before deciding.
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.
Reposted from The Dispute Resolver with permission. A recent decision by the Georgia Court of Appeals, Munro v. Georgia Department of Transportation , highlights how overly specific and inflexible rules of evidence can create peculiar results. Munro involved a dispute over the design of a Georgia intersection. No. A23A0404, 2023 WL 4194716 (Ga. Ct.
Access hundreds of Job Order Contracting Quick Facts to see how your organization can… Improve contractor availability and relationships Improve cost visibility and cost management Achieve faster delivery times Ensure a higher level of service and support from senior professionals Attain all the above with the lowest JOC Program administration fee that doesn’t require a percentage of your construction volume!
Consider this! Two contractors working for a construction firm bid for projects in the same city —we’ll call them Mark and Bob. Both contractors have operated with their firms for over 15 years, employ qualified workers, and boast high-level capability to take on major commercial jobs. Here’s where things change. Bob has entirely surpassed Mark’s business in recent years and consistently lands contract after contract.
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.
A critical component of Integrated Project Delivery is objective, verifiable, granular local market cost data and and associated and an associated detailed scope of work (SOW) fully communicated with and agreed to by all participants and stakeholders. While IPD has been marketed as an improvement to traditional construction delivery methods (Sutter Health, etc.) and clearly demonstrated obvious benefit, the process has not been maximized.
Owners are faced with rising pressure in today’s construction landscape with project risks and costs at an all-time high. Acquiring capital is getting more expensive with rising interest rates. Beyond that, the cost of building facilities is increasing. Data from Oxford Economics indicates that 82.5% of construction materials experienced a significant cost increase since 2020.
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.
CBS Sports broadcast highlights skilled trades as the nation's top electricians, plumbers, HVAC and auto techs compete for their share of over $300,000 in awards.
STOP using ACFs – The inherent flaws of Area Cost Factors There are multiple false assumptions associated with Military Construction Budgeting and Area Cost Factors. As a result, more than 40 years after the introduction of area cost factors (ACFs), the Department of Defense (and the Federal Government in general) is no closer to its goals of having construction cost estimates match actual construction costs, or properly adjusting for regional (location based) and/or time-based cost varian
A lasting housing impact: Gen-Z redefines multifamily living 0 qpurcell Thu, 11/30/2023 - 17:00 Multifamily Housing Nathan Casteel, Design Leader, DLR Group, details what sets an apartment community apart for younger generations. Nathan Casteel MFPRO+ Blog Affordable Housing Student Housing Apartments Designers Urban Planning Generation Z doesn’t settle for the typical living environment.
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.
Using geographic information systems to add quantities of materials and placement of coordinates can help contractors achieve they and their clients' sustainability goals.
Yesterday PC Construction gathered with our partners – Lincoln Avenue Communities and Market Square Architects – along with a host of dignitaries to celebrate the construction of New Hampshire’s latest multi-family residential development. The new Residences at Chestnut facility, located in the Central Business District of Manchester, features two mid-rise buildings offering a total of 142 studio, one- and two-bedroom affordable housing units.
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.
7 ways multifamily designers can promote wellness in urban communities 0 qpurcell Mon, 11/27/2023 - 14:32 MFPRO+ Blog Shepley Bulfinch's Natalie Shutt-Banks, AIA, identifies design elements that multifamily developers can use to maximize space while creating a positive impact on residents and the planet Natalie Shutt-Banks, AIA MFPRO+ Blog Multifamily Housing Biophilic Design Sustainable Design and Construction Since the COVID-19 pandemic, there has been an increase in the amount of time individ
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.
National nonresidential construction spending increased 0.1% in October, according to an Associated Builders and Contractors’ analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.1 trillion. Spending was up on a monthly basis in 8 of the 16 nonresidential subcategories. Private nonresidential spending increased 0.1% in October, while public nonresidential construction spending was up 0.2%.
The medical complex in Rochester will feature buildings with rooms and floors that can convert to different functions, removing a typical limitation in healthcare construction.
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