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‘We need to change the way we collaborate and communicate in construction. The first thing you do when you get together to build something is to sign a contract about how you are gonna solve things when you go to court. That’s the challenge this industry is facing.’ Mistrust and.
Creating an effective Safety Culture is something we at FDRsafety preach daily to our clients, partners, friends, and family. Through our decades of experience, we have learned that an Effective Safety Culture is something that is developed through individuals buying into the idea that safety is THE TOP VALUE at home and work. In an effort to help you improve your Safety Culture, here is an exercise to try with your coworkers and employees: Question One: What are the names of the people in life
In 2018, technology solutions that help jobsites and backoffices run faster, smarter and leaner are the focus for many construction business owners. If you're wondering what tool you should implement next, or what tech trends are on the horizon, we may have the right advice for you. .
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 today deal with challenging projects, often with multiple performance obligations. These megaprojects are frequently bundled together and involve complex financials. The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers.
Contractors today deal with challenging projects, often with multiple performance obligations. These megaprojects are frequently bundled together and involve complex financials. The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers.
It’s no secret that technology is revolutionising literally every aspect of modern day life. The construction industry, continually being updated and upgraded with the latest technology, is one such example of this. Technology in construction comes with devising innovative new ways of constructing and whilst the changing future of construction is largely unknown, there are.
Are you still using Occupational Safety and Health Administration (OSHA) metrics as your safety standard? Do you plan on being in this business 5, 10 or 20 years from now? If you answered yes to both, you have a value conflict. Why accept some random statistical average composed of questionable data as your standard when it is more effective to create personalized best practices and performance metrics?
Contractors have a lot to keep track of daily: from crews on the jobsite and subcontractors to equipment, materials and ever-changing conditions. Plus, they need to make sure all parts of a job are executed according to plan, both in terms of cost and schedule. To keep things organized, most contractors use technology in some capacity to facilitate day-to-day workflows for project management , scheduling, accounting , estimating and more.
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.
EHS Today : “A recent court decision extending the time limitation for OSHA to assess repeat violations has upped the ante for employers who until now chose not to contest more routine violations because of the cost of defending them. OSHA defines violations of its regulations as willful, repeat, serious, or other-than-serious. The higher the classification, the larger the penalty.
Construction business owners usually begin their industry venture with a long-term vision of what they want their company to do for them. For example, when you buy stock in a public company, you want the stock to earn dividends and increase in value over time. When I coach contractors, I begin by asking, “What is your long-term vision? Can you define where you want your business to be in 5 years?
There is an electric charge running through the green building industrial complex with the announcement last week that “Green Building Initiative Launches New Green Globes Pilot Program.” And while the breadth of the pilots among building type and geographic location is impressive, the press release buried the lede. The real news behind that headline causing great enthusiasm is that after a 3 year process, the Green Building Initiative is nearing the end and a completely revised “Green Globes As
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.
Viewpoint’s Acquisition of Keystyle Data Solutions Advances Mission of Complete Office, Team and Field Integration for Contractors. Last week, Viewpoint formally announced its acquisition of Monrovia, Calif.-based Keystyle Data Solutions. A technology partner of Viewpoint’s since 2014, Keystyle has worked closely with us to deliver intuitive, easy-to-use portals that expand the functionality and accessibility of Viewpoint construction management software.
It’s all marketing. Well, it isn’t, exactly. But the reason we hear that cliché so frequently is that it carries with it a ring of truth that resonates within all of us. The Carpenter Contractor Trust (www.CCTNetwork.org), or simply “The CCT,” is a labor management trust formed in 2001. Its inception was the result of collective, creative minds who recognized a simple fact of the construction business: Cooperation between union carpenters and contractors would produce stronger, more predictable
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.
A JOC Unit Price Book is a fixed list of detailed construction tasks and associated pricing/costs that is used to estimate costs for individual JOC projects/job orders, associated with a JOC Program. (Note: Costs and line items are typically updated annually). Within a Job Order Contract, JOC, each project/job order requires a detailed line item cost estimate (created by the contractor and reviewed by the owner).
Practicing sustainability has always been important to office design. We know that people spend 90 percent of their time indoors. Progressive design firms and corporations have been leveraging green principles and practices, like LEED and WELL, for years. Recently, we have seen an enormous push to think about sustainability not as just a “good thing to do” but something we must do to stay competitive.
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.
While is may be obvious that being adequately prepared before disaster strikes speeds renovation, repair, and reconstruction recovery efforts, many organizations are not aware of the advantages of LEAN Job Order Contracting (JOC) as a superior tool. Creating and maintaining a comprehensive contingency plan with LEAN Job Order Contracting as an execution mechanism, places a stable of highly qualified, on-demand, repair, renovation, and construction contractors at your fingertips.
The American Institute of Architects (AIA) and the American Library Association (ALA) are awarding six libraries with the 2018 AIA/ALA Library Building Awards for excellence in architectural design.
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.
The following is intended to introduce the basics of job order contracting (JOC). What is Job Order Contracting? Job Order Contracting (JOC) is a LEAN , integrated, construction project delivery method. It is competitively bid, firm fixed price and involves an indefinite delivery indefinite quantity (IDIQ) and best value procurement process contract for a specified time.
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