Sat.Aug 24, 2024 - Fri.Aug 30, 2024

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The 9 largest commercial construction starts of July 2024

Construction Dive

Total groundbreakings for the month jumped 10% ahead of the Fed’s likely rate cut, according to Dodge Construction Network.

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What is a ‘Construction Defect’: Identifying and Addressing Issues

Building Radar

A construction defect is any flaw in the design, materials, or workmanship of a building that leads to its failure or inability to function as intended. These defects can range from minor aesthetic issues, like cracked tiles, to more severe structural concerns that could compromise the safety and integrity of the building. Recognizing and addressing construction defects early can save building owners, contractors, and developers from costly repairs and legal disputes.

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New Energy Construction Jobs Outpace Other Hiring Growth, Report Says

ENR Construction

Energy sector construction added nearly 90,000 U.S. jobs last year, a 4.5% increase and more than double the overall job growth rate—but will changing EV trends now put growth at risk?

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Validate a Construction Takt Plan

Job Order Contracting

How to validate a construction takt plan: Validating an “optimized” TAKT plan is challenging, if not impossible, without access to an objective and granular local market database of construction tasks that includes labor, material, and equipment requirements. Here’s why this database is critical: 1. Accurate Resource Planning Labor: Without detailed information on labor requirements for each task, it’s difficult to determine whether the TAKT time is feasible or if you have the

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12 Reasons Specialty Contractors Need a Construction-Specific Software Platform

As a specialty contractor, your success hinges on your ability to manage complex workflows, maintain cost control, and deliver projects on time. But are you still relying on outdated systems or multiple software packages that create data silos and inefficiencies? This comprehensive eBook reveals the 12 key reasons why investing in a construction-specific software platform is the game-changer your business needs.

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Safety Services Company Named One of the Top Companies to Work for in Arizona 2024

Safety Services Company

We are thrilled to announce that Safety Services Company has been recognized as one of the Top Companies to Work for in Arizona 2024! This esteemed recognition is a testament to our genuine love for people. We have an unwavering commitment to creating an outstanding workplace that fosters growth, collaboration, and employee satisfaction, and we’re honored to receive this recognition About Our Incredible Team At Safety Services Company , we have always believed that our employees are our greatest

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Report calls for private funding for transport infrastructure

Construction Law

A ‘Rail and Urban Transport Review’ commissioned by the Labour Party while in opposition has published recommendations to accelerate the unlocking of benefits from rail and urban transport infrastructure investment, calling for a greater role for private funding. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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Outsmart Fraudsters: Arm Your Finance Team with the Latest Defense Strategies

Construction Business Owner

Outsmart Fraudsters: Arm Your Finance Team with the Latest Defense Strategies Discover cutting-edge tactics and tools to protect your business from evolving financial threats. mhodges Wed, 08/28/2024 - 11:12 Is your finance team tired of constantly battling against fraudsters who always seem to be one step ahead? From paper check fraud to sophisticated phishing attacks, businesses are under siege by these cunning criminals.

Finance 365
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What is a ‘Lump Sum Contract’: Understanding Fixed-Price Agreements

Building Radar

A “lump sum contract”, also known as a fixed-price contract, is one of the most common types of agreements in the construction industry. This type of contract stipulates a single price for all work done on a project, regardless of the actual time and materials used. Lump sum contracts can offer both advantages and disadvantages for contractors and clients alike, making it crucial to understand their structure and application fully.

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Battery energy storage systems will help power the future

Construction Dive

Battery Energy Storage Systems (BESS) are revolutionizing renewable energy by stabilizing power grids and managing the push and pull of power for a more reliable and sustainable future.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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How to Create a Business Continuity Plan

Construction Marketing

In today’s unpredictable environment, every organization must prepare for potential disruptions. A business continuity plan outlines the procedures and strategies that ensure the continuity of critical business functions during and after a major disruption. Such disruptions can arise from various sources, including natural disasters, cyberattacks, or even pandemics.

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Best Hiring Partner In Construction

Construction Business Owner

Best Hiring Partner In Construction Recognized for Excellence in Construction Recruitment Services mhodges Fri, 08/30/2024 - 08:28 Revolutionizing Construction Hiring - The Contractor Consultants Win "Top Construction Hiring Services Provider 2024" In a significant achievement, The Contractor Consultants have been recognized as the "Top Construction Hiring Services Provider 2024".

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Construction Business Continuity - From Labor To Legacy

Contractor Bookkeeping

We often overlook the immense value that construction contractors bring to our communities. From building our homes and schools to developing infrastructure and commercial spaces, construction contractors like you play a vital role in shaping our world. Your contributions are undeniably essential, yet they often go unrecognized. This Labor Day weekend, it's time to shed light on your significant impact on our everyday lives.

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$2.9B San Francisco airport project finally takes off

Construction Dive

After years of pandemic-related delays, the team has begun adding 200,000 square feet of additional space, security checkpoints and new passenger amenities.

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Leading the Way in Construction EHS Software

The Verdantix Green Quadrant: EHS Software 2023 is an independent third-party analysis of 23 EHS software vendors (including Intelex) that provides an in-depth look at the technical capabilities, application breadth, innovation focus, and momentum of key environmental, health, and safety management software market players. The guide is essential reading for EHS software benchmarking, especially for understanding unique vendor strengths and capabilities.

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Planera Raises $13.5M in Funding, Plans to Double Down on Scheduling

ENR Construction

The software startup, which makes a construction scheduling and planning platform, announced Aug. 27 it has raised $13.5 million in a series A funding round led by Sierra Ventures.

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Your Handbook for Easy Wheel Loader Selection

Construction Business Owner

Your Handbook for Easy Wheel Loader Selection ccapoccia Thu, 08/29/2024 - 11:09 Wheel loaders are versatile, powerful machines known for their robust design and efficiency on jobsites. But how do you decide which loader features are best for you and your specific needs? The process of selecting a new wheel loader involves several considerations, including the type of material being handled, the working environment, comfort features, technology, maintenance, safety and specific tasks to be comple

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Louisiana Payment Bond Changes: What Material Suppliers Need to Know

Levelset

Louisiana Governor Jeff Landry recently signed two significant pieces of legislation into law: La. Acts Nos. 758 and 761. These acts represent a substantial shift in how payment bond defenses are handled for sureties under both the Public Works Act and the Private Works Act. What makes these changes particularly impactful is their specific implications for material suppliers.

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How contractors can guard against wage theft on their jobsites

Construction Dive

GCs need to thoroughly vet subcontractors, use careful contract language and lean on labor partnerships to limit their risk, attorneys say.

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The Ultimate Procurement Software Buyer’s Guide

Choosing the right procurement software is a crucial step in ensuring third-party risk management, process governance, and bidding efficiency. With so many procurement solutions to choose from, it can be overwhelming without a frame of reference and a solid starting point. This free buyer’s guide will cover: Benefits of Procurement Software –– Why do you need it?

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Ediphi Creates Platform for Cloud-Based Precon Estimates

ENR Construction

While cloud computing and the abundant project data it provides have transformed everything from construction management to conceptual design, preconstruction estimating remains stubbornly unchanged

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How to Solidify Your Hiring & Retention Strategies

Construction Business Owner

How to Solidify Your Hiring & Retention Strategies ccapoccia Thu, 08/29/2024 - 10:58 This year, the U.S. construction industry will need to hire roughly half a million workers on top of the normal pace of hiring to meet demand, according to a projection from Associated Builders and Contractors.

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Ribbon Cut on SVMC’s New Emergency Department

PC Construction

Yesterday, the Southern Vermont Medical Center celebrated the completion of their emergency department modernization project with an official ribbon cutting ceremony. The project went through several design and scope iterations and was then delayed due to the pandemic prior to breaking ground in the fall of 2021. The 14,000-square-foot addition and 11,000 square feet of renovations was broken into several phases and temporary scopes of work to maintain ongoing operations and ensure uninterrupted

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Insurance pro urges a ‘proactive, positive approach’ to safety

Construction Dive

To ensure that workers follow best practices, an expert recommends focusing on successes rather than failures, especially with experienced craftspeople.

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How ERPs Are Reshaping Efficiency in the Construction Industry

Construction companies face daily challenges, from project delays to cost overruns. But with the right ERP software, these hurdles become opportunities for growth. This in-depth study covers how companies like Bartlett-Cocke General Contractors saw an 83% reduction in cost analysis time and a 62% decrease in vendor payment processing time by adopting a Construction ERP system.

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Pulse for the Week of September 2, 2024

ENR Construction

Information from Pulse is derived from the Dodge Construction Network, the most powerful source of information, insights, and connections in the commercial construction industry.

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No one can measure the rewards of building for education

The Korte Company

Coming home to manage construction for Highland schools The student body population at Highland primary and middle schools was growing and needed more space. The district knew for several years that they’d already exceeded capacity at the primary school and soon would do the same at the middle school. On the south side of town, the primary school didn’t have room for the 600 three- to seven-year-olds.

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Best CRM for the Construction Industry in Australia: Leading Solutions

Building Radar

Managing customer relationships effectively is critical for businesses in the construction industry. With numerous stakeholders, from suppliers to clients, maintaining smooth communication and efficient project management is key to success. In Australia, the construction sector is booming, and having the right tools to manage relationships and streamline operations can provide a competitive edge.

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How Gilbane used an AI tool to track 21,000 documents

Construction Dive

The Providence, Rhode Island-based contractor leveraged Trunk Tools’ artificial intelligence program to prevent costly rework and save time and money.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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Equipment Management: The Right Tool for the Job Might Be a Robot

ENR Construction

Growing labor shortages continue to plague the construction industry, while trade schools and job training programs report their current enrollment won’t make up for a wave of retiring skilled workers.

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Industry needs to do more on building safety, admits CLC report

Construction Law

A Construction Leadership Council (CLC) report on progress made by the industry to improve building safety following the Grenfell Tower tragedy admits that ‘much work’ remains to be done to produce the industry transformation that would deliver safe buildings. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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Who is the Biggest General Contractor in the US: Industry Leaders Ranked

Building Radar

The US construction industry is home to some of the largest and most powerful general contractors in the world. These companies are responsible for shaping the landscape of cities and ensuring the successful completion of large-scale projects across various sectors. But who exactly is the biggest general contractor in the US? According to recent data, Bechtel Corporation consistently ranks as the largest general contractor in the United States based on revenue.

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