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Construction workers face various challenges in the course of their work. These challenges include using dangerous tools and poisonous chemicals and being around unsafe working environments. All these pose risks to the health of these workers. . As the owner of a construction firm , you’re responsible for enhancing the safety of your workers.
Between 2018 and 2022, Englewood’s national construction work in the cannabis retail industry grew by 100% and we expect that trajectory to continue as more states legalize recreational marijuana use and cannabis firms expand into new markets. Like any CRE sector, the cannabis industry comes with its own set of nuances for planning and executing construction projects – particularly since it is relatively new and highly regulated.
Here is one secret of the trade to save significant time during pre-construction, by giving your contractor a ballpark budget before design and/or estimating starts, an owner can take a shortcut in the preliminary phase and get to construction sooner. When the timing matters, how much you’re willing to spend will make the process move along much faster.
Construction firms embracing AI are outperforming the competition. This exclusive guide unpacks the impact of AI-driven analytics, automation, and predictive insights on project management, risk reduction, and workforce transformation. Discover how AI enhances real-time decision-making, optimizes labor and materials, and ensures projects stay on schedule and budget.
Getting electricity for your construction site isn’t always easy. Remote locations can mean you’re devoid of access to the local grid. If you need temporary power, we recommend a portable power station. Think of it like a giant battery that stores plenty of electricity, giving you all the power you need. We’ll cover why your construction site needs a portable power station and everything it can do for you.
Getting electricity for your construction site isn’t always easy. Remote locations can mean you’re devoid of access to the local grid. If you need temporary power, we recommend a portable power station. Think of it like a giant battery that stores plenty of electricity, giving you all the power you need. We’ll cover why your construction site needs a portable power station and everything it can do for you.
A construction claim is the assertion of a right that requires either more time or/and payment by either party of the contract (often the contractor) for compensation of the losses brought on by the other party’s failure to uphold their portion of the responsibilities as defined in the contract. The compensation often involves extra payment […].
Liens Can Wreak Havoc on Funding. By Brian Stadler, Wolgast President & CEO. If you haven’t built a building in the last couple of years, you may be surprised when your banker tells you that they want to hire a Title Company to handle all of your payments to not only the General Contractor, but also directly to the General Contractor’s second tier Sub-Contractors.
3 Ways Contractors Can Mitigate the Risks Tied to Price Increases. hirvin. Mon, 04/25/2022 - 10:11. “ Escalation, escalation, escalation,” is all I hear from clients and colleagues as they leave their Zoom screens and return to conferences and conventions. In summer 2020, the world saw how COVID-19-related disruptions affected global production and the supply chain.
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.
With proposed federal regulation of greenhouse gas emissions by the Securities and Exchange Commission requiring GHG disclosure and new state statutes, including a new Maryland law that requires not only disclosure, but also a mandated reduction in GHG emissions, a greater appreciation of the subject of GHG appears in order. This short glossary is an alphabetical list of terms relating to GHG with explanations of each; or if you prefer this is a brief dictionary of specialized terms with their m
PROVEN FORMULA FOR EFFICIENT FACILITIES Repair, Renovation, Maintenance, and New Construction. Robust Process Integration + Common Shared Cost/Technical Information + Supporting Tech = Measurably Improved Cost Management. Integrating People, Process, Information, and Technology with proven industry best practices and organization-specific requirements into a proven cost management solution.
Exploring Exit Plan Strategies. Alex Headley. Mon, 01/10/2022 - 09:25. The United States construction market is a $2.4 trillion dollar industry, with over 4 million participants as of September 2021. Since the aftermath of the 2008-2009 financial recession, the growth in new construction companies has ballooned; approximately 81,000 new construction companies per year have entered the market, on average, since 2014.
5 Questions for Effectively Recruiting a Younger, More Diverse Workforce. hirvin. Mon, 06/20/2022 - 15:36. Several years ago, the construction industry was faced with a looming concern: the overwhelming number of workers set to retire over the next decade. A study conducted in 2019 determined that 41% of the construction workforce at the time was expected to retire by 2031.
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.
Infrastructure Study Finds Inefficiencies & Opportunities for Design-Build. Alex Headley. Fri, 01/28/2022 - 08:30. Travelers, the second-largest writer of United States commercial property casualty insurance and the largest writer of surety bonds in North America, has released the findings of a new infrastructure study that followed 224 heavy civil construction projects from 2004 to 2020.
Modern Technology Provides the Solution for Recruiting New Employees. Alex Headley. Thu, 01/20/2022 - 09:35. Employees are the backbone of every company, no matter what industry they are in. To create a culture of top-notch results, a company must have high-quality employees at the helm. It takes a companywide effort, from the executives to the bottom line, to make a company successful.
Protecting Against Environmental Risk in Changing Climates. Alex Headley. Tue, 01/18/2022 - 09:45. Already expecting a downturn, the commercial construction industry was further impacted when COVID-19 either delayed or shuttered projects nationwide and a seemingly endless barrage of storms caused more than $95 billion in damages across the United States alone.
Reality in Job Cost Integrity. Alex Headley. Wed, 01/12/2022 - 08:45. The vicious job loop is an endless cycle of misrepresentations and mistruths. There are so many things that can go wrong in job cost reporting and the interesting thing is that most of the issues lie not in information technology but with human psychology. Sure, there was a time when there was not a great, seamless system of real time feedback, allowing construction organizations to make project course corrections.
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.
The New Economy vs. the Old Economy. ccapoccia. Tue, 12/20/2022 - 10:39. Trying to interpret which way the economy will go is confusing and uncertain, even for those whose primary responsibility is doing so. There are many competing views on whether we’re in a recession and how long it will last. One thing we are confident in is that 2023 looks quite challenging.
2022 Construction Cost Changes. Cost changes you need to know for key construction materials, labor & equipment. Greg Ragsdale. Wed, 04/06/2022 - 10:36. Material price hikes. Supply chain bottlenecks. Skilled labor shortages. The construction industry has never seen anything like the past two years — and it’s showed in the cost of construction work.
Why the Real Star of Super Bowl LVI Is SoFi Stadium. Kathy Wells. Fri, 02/11/2022 - 10:19. A joint venture from Turner and AECOM Hunt , the $5.5 billion SoFi Stadium is the most expensive ever built. There’s the 6,000-seat YouTube Theater, a 2.5-acre outdoor amphitheater and the stadium itself that can seat over 100,000. At 3.1 million square feet, it's the largest and the first "indoor-outdoor" stadium in the NFL.
The 10 Commandments of Project Success. Alex Headley. Fri, 01/14/2022 - 09:00. Outlining how you will manage, operate and run your construction business is a big step toward building a continuously profitable construction company. You, your managers, field supervisors, estimators and crews must know the basics — rules, standards, values and fundamentals — that you stand for as a company.
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.
State of the Industry: Reflection & the Road to Recovery. Alex Headley. Mon, 01/03/2022 - 07:30. As the world celebrates the joyful beginning of a new year, the construction industry is looking hard to the future and its possibilities. On the heels of the COVID-19 pandemic, much of the industry is hopeful for recovery, but there are multiple roadblocks still creating challenges.
Preparing for Future Tragedies Decades Before They Happen. ccapoccia. Thu, 10/27/2022 - 15:27. The design-bid-build project delivery method has dominated the construction landscape for many years. .
8 Wastes to Eliminate With the Use of Technology. ccapoccia. Thu, 12/01/2022 - 16:35. When it comes to construction, “lean” is a hot topic. It serves as a potential playbook for more operational and jobsite efficiencies — which, for construction companies, is a great way to plan to face challenges on and off the jobsite. The lean game plan has a key concept for a challenge that affects construction companies everywhere: identifying and aggressively confronting waste.
6 Ways the Pandemic Reshaped & Redefined Workplace Construction Projects. hirvin. Wed, 06/22/2022 - 14:26. Many industries have been disrupted by the pandemic, and construction is no exception. New construction and renovations alike have experienced costly delays due to ongoing supply chain issues and material and labor shortages, which continue to affect the industry.
For construction businesses, scaling operations means taking on greater workloads. Unfortunately, much of the responsibility of managing additional work falls on you and your finance team. Learn how you can navigate the increased complexity of managing more projects without adding headcount. We’re here to share insights into why technology is key to scaling your finance operations.
6 Tips for Minimizing the Impact of Rising Fuel Prices. ccapoccia. Tue, 10/04/2022 - 09:02. No one in the construction industry needs to be made aware of rising diesel prices over the past year. They’ve felt the pain. Through the first week in July, the average price of diesel fuel was nearly 70% higher than the year prior. There’s no single magic bullet to reduce fuel costs, improve fuel efficiency or help you navigate through these unprecedented times; however, a group of strategies can certai
6 Steps for Establishing Employee Accountability & Empowerment. hirvin. Mon, 05/16/2022 - 15:13. Do you find yourself answering calls from your team of supervisors all day, addressing stupid questions and solving small problems? They continually ask you to make simple decisions for them. It seems like they won’t do much of anything without first checking with you.
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