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'I’m pleased to introduce Byron Largen, CPA from Mountjoy Chilton Medley LLP (MCM) , as this week’s guest blogger. MCM is a CPA firm with a team of accountants dedicated to construction accounting. Construction markets remain competitive, so it comes as no surprise that construction companies have to be at the top of their game throughout a project.
'Few people would argue that the U.S. and other countries around the globe are facing a shortage in skilled labor. A close look at the labor pool in industries such as construction and manufacturing reveals that many positions pose technical challenges and require a special skill set, which adds to the complexity of hiring, educating and training qualified workers.
'In September 2013, the Construction Marketing Association conducted the second annual survey of construction professionals regarding their use of social media. The following questions were asked: 1. Do you employ social media in your marketing program? 2. If yes, do you manage social media marketing internally or outsource? 3. What social networks do you employ?
'Englewood Construction recently completed a Season’s 52 on Chicago’s Magnificent Mile. Upscale restaurants will be a growing trend in 2014. We are coming into the final stretch of 2013, a year that has been rather good for the commercial construction industry. Activity was up for retail and restaurant construction and once-stalled commercial construction projects are finding themselves back on 2014 bid sheets for the best commercial general contractors.
Construction project managers face constant challenges, from delayed schedules to fragmented workflows. CMiC’s ERP transforms how projects are managed, providing a unified system for financials, scheduling, and collaboration. With tools for real-time insights, cost control, and document management, CMiC empowers managers to make confident decisions.
'Each year the Construction Financial Management Association (CFMA) gathers the best speakers, trending topics and resources together at their annual conference and exhibition. This year is no exception as many will make the trek to San Diego to reconnect with friends, accumulate needed CPE credits and have fun. For many CFMA members they have yet to experience all the hoopla and it’s because they don’t have a compelling reason to attend.
'Each year the Construction Financial Management Association (CFMA) gathers the best speakers, trending topics and resources together at their annual conference and exhibition. This year is no exception as many will make the trek to San Diego to reconnect with friends, accumulate needed CPE credits and have fun. For many CFMA members they have yet to experience all the hoopla and it’s because they don’t have a compelling reason to attend.
Last week when I was preparing for a couple of weeks on the road I wrote about why I value the trade show experience. Now I’m right in the middle of that experience and loving it, despite a hoarse voice and sore feet. This week’s blog is coming to you from Las Vegas, where my company is exhibiting at the World of Concrete , one of my favorite shows.
'Wall footings are pad or spread and strip Footings. The basic purpose of this foundation is to spread the load over a larger area so that the soil is.
'The summer construction season often brings rising costs. Englewood recently began work on Season’s 52 in Chicago. Construction season is upon us, and you know what that means…rising commercial construction costs. The summer always brings more commercial construction activity, more bids, and, as a result, higher pricing. Many general contractors decide to lower their risk and start commercial construction projects in the warmer months, paying a premium for nice weather, but assuring timel
Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.
'The construction industry may have been slow to warm up to mobile technology, but new data shows that firms are embracing mobile work strategies faster than ever. As they do, they face many new challenges. How can a firm make technology work for everyone? How can a company keep data accessible but secure? And with the rapid pace of technological change and improvement, how does a firm prepare for what’s next?
The versatility of hydraulic excavators is virtually unmatched in the world of construction equipment. Whether you’re talking about compact, mid-range or large hydraulic excavators, these machines are ideal for lifting, moving and placing a wide range of materials. As a result, it is important that hydraulic excavator operators are trained to properly lift loads or materials.
'The cost of theft in the construction industry is estimated to be a billion dollars by the National Insurance Crime Bureau. Unsecured equipment and materials are especially at risk. Additionally, heavy equipment owners can’t rely entirely on insurance to offset the cost of theft. If you suffer such a loss, you will also suffer the costs of higher insurance premiums and, often, lost job time.
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.
'Throughout the year, I talk to a lot of construction business owners and accounting staff who are considering a change in their construction accounting software. I’m occasionally asked by companies, particularly those on the proverbial fence, why they should make a switch. However, I like to approach the question a little differently, because while I like when companies choose my software, I want the change to be best for them.
'Regardless of what your employees drive—a car, truck or a fleet vehicle—the most common bad driving habit is cellphone use. The National Safety Council states that nearly 25 percent of all accidents in 2010 occurred because of cellphone use, accounting for nearly 1.1 million crashes that year.
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.
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.
'Research has shown that up to two-thirds of a mobile tradesman’s days are lost to time-wasting activities, including the search for tools and materials and trips to the hardware store to purchase misplaced or forgotten supplies. These tasks and other time-robbing activities can severely impact productivity if left unaddressed.
As commercial construction news reports say business continues to pick up, we are happy to see some new faces around the office at Englewood Construction. That’s right; we are adding staff to our national commercial general contracting firm in what has been a very robust period of activity. I’m proud to say that after several flat years in the commercial construction industry, Englewood has fought through and is heading in the right direction.
Speaker: Donna Laquidara-Carr, PhD, LEED AP, Industry Insights Research Director at Dodge Construction Network
In today’s construction market, owners, construction managers, and contractors must navigate increasing challenges, from cost management to project delays. Fortunately, digital tools now offer valuable insights to help mitigate these risks. However, the sheer volume of tools and the complexity of leveraging their data effectively can be daunting. That’s where data-driven construction comes in.
'Preparation of Bar Bending Schedule Bar bending schedule (or schedule of bars) is a list of reinforcement bars, vis-à-vis, a given RCC work item, and.
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