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Not only are we in the midst of difficult times, but we also have to account for the inevitability of a major recession , and that the economy is only going to get worse before it gets better. So, how does this affect construction companies? The simple answer is that many people are going to revert to a money-saving mindset in an effort to stretch their resources for as long as possible.
Spend any amount of time in conversation with me and it is impossible not to notice how easily excited I get about Lean Construction and Agile frameworks, especially Scrum. Lean transformation and business coaching are my primary responsibilities at McCarthy Building Companies, Inc.
photo by bisgovuk. If we’re being honest with ourselves, rework happens on nearly every construction project, whether it’s due to poor craftsmanship, field changes, or errors of omission. It’s fairly easy to determine what rework costs a contractor with regards to labor and material, but determining the true total cost is a whole different beast. Fortunately, Jason Dougherty, Nigel Hughes and James Zack Jr. with the Navigant Construction Forum have put together a very informative and comprehensi
6 Steps to Fine-Tune Your Takeoffs & Bid More Accurately. Elizabeth Manning. Tue, 09/22/2020 - 11:31. How to navigate the cost fluctuations, errors, missing items and unforeseen circumstances that come with bidding on construction projects.
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.
Here’s the beginning of a list of Construction Project Metrics. Please submit yours… # of Projects Completed / Value of Project Completed % of # of Projects Completed (number) versus # of Projects Planned (same for Value) % of # of Projects Completed (number) versus # of Projects Budgeted (same for Value) % of # of Projects Completed (number) Completed On-Budget (same for Value) % of # of Projects Completed (number) Completed On-Time (same for Value) Average number of Change Orders P
Here’s the beginning of a list of Construction Project Metrics. Please submit yours… # of Projects Completed / Value of Project Completed % of # of Projects Completed (number) versus # of Projects Planned (same for Value) % of # of Projects Completed (number) versus # of Projects Budgeted (same for Value) % of # of Projects Completed (number) Completed On-Budget (same for Value) % of # of Projects Completed (number) Completed On-Time (same for Value) Average number of Change Orders P
One of the key components to building a proper safety culture is first building awareness. That awareness is built through training, tool box talks, and jobsite experience. The good news is that construction companies don’t need to come up with safety topics and information by themselves, there are actually a lot of fantastic resources available online and many of them are free.
Construction Certifications: What's Important & What's Not. Elizabeth Manning. Tue, 09/22/2020 - 16:20. Tony Thompson . Founder & CEO. Kwame Building Group. As a small business, credibility is everything, and certification can help give architecture, engineering and construction organizations valuable credibility.
LEAN Construction SWOT Analysis. A lot of organizations claim to deploy LEAN construction, however, few actually do. LEAN construction requires integrations of construction planning, procurement, and project delivery, and associated people, process, information, and technology. If you want to take the LEAN construction quiz… request it. via Four BT, LLC – – Four BT, LLC provides innovative integrated project delivery solutions inclusive of detailed locally researched constructi
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 projects are always complex. A number of teams and stakeholders are coming together to complete their tasks according to the agreed plan. In that sense, it quickly becomes clear that collaboration is a key component of success in construction. Free guide: How to reduce construction delays by more than 20%. Nevertheless, good collaboration always relies on a strong culture of trust and timely decisions.
4 Factors to Consider to Mitigate COVID-19 Risk & Liability. Elizabeth Manning. Fri, 09/25/2020 - 09:32. With commercial construction back to work and projects across the country continuing to add jobs, one study indicates 56% of industry losses since the beginning of the pandemic have been recovered. This indicates owners face new or different aspects of liability due to the COVID-19 environment.
Here’s an introduction to the 4 phases of LEAN construction and the consistent attainment of quality repair, renovation, maintenance, and new build projects on-time and on-budget. It’s not “rocket science”, but is does require new learnings as well as real property owner commitment, leadership, and competency. Continuous Improvement is a core element of LEAN construction planning, procurement, project delivery, and beyond!
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.
For the past six months, we’ve known the construction industry In the US has been highly affected by the coronavirus pandemic , but how much? A new survey conducted by Autodesk and AGC of America is giving us a deeper look into the impacts so far. Just over 2000 firms responded to the survey, which was completed between August 4 and 26 of 2020. More than half of the respondents were involved in building construction, 25% in highway and transportation, and 23% in both federal construction project
The company will create up to 40 jobs at a 350,000-square-foot corrugated box manufacturing facility in Racine County, WI. . - Read: ND Packaging Investing $45.5M In Wisconsin at BusinessFacilities.com.
If you are left in the dark about something, you don’t have the information you should have to make an informed decision. Delay claims on a construction can be confusing, especially when you think about the delay to the work being performed and the disruption to other activities. A few years ago, I found a case the shed some light on the delay v.
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.
via YouTube // EarthCam. Sure, I’ve already written about the completion of Allegiant Stadium , the brand new home to the Las Vegas Raiders, but I ask you this: Is a building actually built if there’s no timelapse video to show for it? I submit to you that it is not. Earthcam , the webcam technology company, had cameras set up around the jobsite of Allegiant stadium for 32 months to create the timelapse, which condensed the entire process into 3 minutes.
Two former construction equipment executives with service within the global organizations of Volvo Construction Equipment and CNH Industrial—Carl-Gustaf Goransson and Alan Berger—suggest construction equipment brands are on their way to losing traditional elements of customer loyalty, and becoming…
It’s been a wild ride in 2020 for the U.S. timber industry , and the run up in prices shows no sign of easing. First, mills temporarily shut down in March due to the COVID-19 pandemic. Then, in September in the timber nexus of the Northwest, wildfires have burned out of control threatening some timber plants.
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.
by Siva Davuluri. Photos courtesy CornellCookson. Architects have long turned to overhead coiling door manufacturers for closure solutions that provide safety, security, and peace of mind. A number of advancements in recent years, including specialty doors, grilles, and fire products with low profiles and reduced head room, have turned this product category into a collection of solutions blending form and function in exciting new ways.
How does the “Next Generation” 395 Caterpillar excavator perform? We asked Todd Shreves and Mike High, operator/instructors from the Independent Union of Operator Engineers Local 649 in Bartonville, Illinois, to answer that question.
Huntington Ingalls Industries, the nation’s largest military shipbuilder, will establish an unmanned systems facility in Hampton, VA. - Read: Huntington Ingalls Industries To Create 250 Jobs In Virginia at BusinessFacilities.com.
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.
In the annals of jobsite productivity, the portable restroom—better known as a porta potty or Porta John—has played a prominent, if underappreciated, role. Dating back to the 1940s, these single-occupant restrooms within fiberglass boxes are essential fixtures in construction management. And there have been advances along the way: in 2016, for example, a New York-based supplier named Callahead introduced Waterloo, a self-contained system that Callahead touted as giving users the look, feel, and
Trevor Milton, founder and executive chairman of the board of Nikola Corp., has stepped down and left the board of directors. Board member Stephen Girsky, former vice chairman of General Motors, has been appointed chairman, effective immediately.
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