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How to Streamline OSHA Recordkeeping & Improve Safety ccapoccia Mon, 08/14/2023 - 10:07 Because construction is on the Occupational Safety and Health Administration’s (OSHA) list of the most hazardous industries, construction companies must be extra-vigilant to ensure the safety of employees and jobsites. Being on OSHA’s list also means these companies must be extra-vigilant with incident recordkeeping and reporting to stay in compliance.
What is a punch list? A punch list (also called a snag list, deficiency list, or punch out list), according to the online Business Dictionary , is “a document listing work that does not conform to contract specifications, usually attached to a certificate of substantial completion.” Put simply, it is a list of to-do’s that need to be completed before a project can be considered finished.
As a small business owner, you always look to keep your company running efficiently. Expense reimbursement fraud is the last thing you want to face. Not only can it hurt your bottom line, but it can also damage your construction company's reputation. Here we discuss employee expense fraud, the reasons behind it, and, most importantly, how to prevent it from happening to your construction business.
Controlling construction costs is not rocket science, nor does it involve time travel. Any real property owner can control construction costs for facilities repair, renovation, maintenance, and new build projects. Consistently delivering quality projects on time and on budget simply requires leadership, accountability, and commitment. Controlling Construction Costs is not rocket science 1.
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.
Contractors are signaling that demand for their services will continue to expand despite high interest rates and regional bank failures, said Anirban Basu, ABC chief economist.
Quality Assurance vs. Quality Control ccapoccia Fri, 08/18/2023 - 14:11 Checklists, testing and manuals — if the topic of quality control is brought up at any construction company, those are usually the top mentions, and they are often followed by a deep yawn. Quality control is certainly an essential part of any organization’s infrastructure.
Quality Assurance vs. Quality Control ccapoccia Fri, 08/18/2023 - 14:11 Checklists, testing and manuals — if the topic of quality control is brought up at any construction company, those are usually the top mentions, and they are often followed by a deep yawn. Quality control is certainly an essential part of any organization’s infrastructure.
How to design for adaptive reuse: Don’t reinvent the wheel 0 qpurcell Thu, 08/17/2023 - 09:52 Adaptive Reuse Gresham Smith demonstrates the opportunities of adaptive reuse, specifically reusing empty big-box retail and malls, many of which sit unused or underutilized across the country. University Buildings Mixed-Use Retail Centers Shopping Centers Designers Adaptive Reuse In a very short period of time, our economy has changed.
Construction Cost Data Integrity is one of the most overlooked items in preparing a detailed Scope of Work. Construction Cost Data Integrity Requirements #1 Objectivity #2 Current, Local Market Information #3 High Granularity #4 Standardized Terms, Definitions, and Data Architecture #1 Objectivity Cost data must be professionally researched with source including, but not limited to, local, regional, and national materials suppliers as appropriate, prevailing wage rates for all associated trades
CBO Outstanding Women in Construction 2023 Recognizing today's leading construction professionals Elizabeth Manning Wed, 08/16/2023 - 13:52 Construction Business Owner (CBO) Magazine is excited to open nominations for its annual contest honoring some of the construction industry’s most hardworking construction professionals with a special section dedicated to Outstanding Women in Construction (OWIC).
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.
Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process. While retainage is sometimes used in predatory ways, contractors can protect themselves by understanding the rules, their rights, and the tools available to them to collect what’s due.
Relationship-based Job Order Contracting Innovative, market tested solution Cost effective Leverages experience of design-builders Direct Owner/Design-Builder communication and collaboration – Owner PM & Design/Builder PM Comprehensive detailed scope of work construction proceeding prior to completion of the design documentation; Reduced confrontation between owners and design/builders Early and ongoing involvement of all stakehholders Performance-based reward systems Fewer change orde
The programmatic evolution of the lobby 0 qpurcell Mon, 08/14/2023 - 14:21 Office Buildings Ian Reves, Managing Director for IA's Atlanta studio, shares how design can shape a lobby into an office mainstay. Ian Reves High-rise Construction Office Buildings Headquarters Designers Architects Building Owners Interior Architecture When the calendar flipped to 2023, many property owners and managers—as well as tenants of office buildings—asked, “Finally, is this the year people come back on site?
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.
FL Crane & Sons is an employee-owned construction company specializing in commercial construction. Founded only two years after the end of World War II by Floy Lee Crane in Fulton, Mississippi, the firm has since grown year-on-year, becoming one of the leading construction companies operating in the southeastern United States. Last year, the FL Crane & Sons’ team celebrated 75 years in business.
What’s involved in creating detailed line item construction cost estimate? At the most detailed level; each granular construction task is usually related to and performed by a crew. The contruction cost engineer/estimator develops or selects a task description defining the type of effort or item to be constructed. Task descriptions are as complete and accurate as possible to lend credibility to the cost estimate and aid in later review and analysis.
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.
Fast-tracking construction projects offers both risk and reward dbarista Mon, 08/14/2023 - 13:50 0 Contractors Understanding both the rewards and risk of fast-tracking a project can help owners, architects, engineers, and contractors maximize the benefits of this strategy and can bring great reward on all fronts when managed properly. Sanaa Hussain, Associate Contractors Designers Designers / Specifiers / Landscape Architects Engineers Architects Building Owners AEC Innovators Project + Process
Public Sector Construction Procurement is BROKEN. Why? Each and every day the procurement of facilities repair, renovation, maintenance, and new construction services occurs without any current, objective, verifiable cost information. This activity is in direct violation of the fiducicary responsibility of public sector organizations. How? Most public sector organizations do not use local market, verifiable, and granluar cost data to establish a construction cost estimate.
Nottingham police are on the hunt for a gang of metal thieves that struck at a five-storey luxury care home project in the city. Thousands of pounds worth of copper piping and stainless steel were stolen from Midlands contractor Sandycroft’s building site in West Brighford. The firm was well advanced on the £8m project to build the 72-bed Trent Bridge care home project at the Loughborough Road and Bridgford Road junction.
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.
Embracing Integrations: When Access Control Becomes Greater Than the Sum of Its Parts 1 kcichowicz Tue, 08/15/2023 - 09:23 Multifamily Housing Multifamily Housing There are certain things in life that, when combined, become more powerful than when they stand alone. Peanut butter and jelly, melody and lyrics, or smartphones and apps—each pair works harmoniously to offer something greater than its individual parts.
Construction projects involve multiple experts, like architects, consultants, electricians, and compliance professionals, working together to ensure successful outcomes. Each expert has a crucial role, including approving design changes, guiding the contractor, etc. To that end, project managers and contractors must issue construction submittals to these experts for approval, review, or guidance.
Last week’s blaze took out power lines, roads and water systems in Maui, Hawaii, local officials say, but no major construction projects seem to have been affected.
A Laing O’Rourke worker has died following an accident at the new Everton stadium construction site on Monday. His colleagues have been told to leave the £500m Bramley Moore Dock site where work by main contractor O’Rourke has been suspended until further notice. The 26-year-old victim is understood to have suffered severe head injuries and was treated at the scene but declared dead at Aintree Hospital a short time later.
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.
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