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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.
'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?
'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.
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.
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.
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.
'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 2011, the leading cause of worker fatalities on construction sites were falls, accounting for 251 deaths. Fatal falls are often the result of a lack of proper safety gear or the misunderstanding or misuse of equipment. The effectiveness of fall protection equipment, no matter how durable or reliable, is compromised when workers don’t use it correctly.
'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.
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.
'Contractors are hearing a lot about ways to use new technological applications, from building information modeling (BIM) to employing tablets and iPads in the field. One misconception is that only multibillion-dollar corporations are prepared to take advantage of these processes and tools. In fact, smaller construction firms can be more nimble to take advantage of these opportunities faster if they are prepared.
'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.
'On any worksite, the most important element is the safety of the workers and nearby pedestrians. It is essential to make sure the product you choose to light your worksite is set up correctly to provide adequate light and not cause any hazards. It is also important to position and adjust the lights correctly to avoid blinding workers or creating a glare hazard for nearby motorists.
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.
'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.
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.
'Construction is a dangerous industry, and safety inspectors can’t be everywhere at once. If they have more than one project to monitor, they are not at any jobsite 100 percent of the time. And when they are onsite, they are only one set of eyes. What if you could expand your “inspector base” by having your entire project team involved in reporting safety observations?
'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.
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.
'As the construction industry continues to recover from the recession, the equipment sector faces new challenges such as the implementation of recent engine legislation requirements; however, these challenges are pushing manufacturers toward creating greater innovation and value for the customer. CBO spoke with several construction equipment executives to get their take on the state of the construction equipment market.
'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
'The construction industry can’t seem to catch a break. After weathering one of the greatest financial meltdowns the industry has seen, contractors face another storm looming on the horizon. Some experts say the U.S economy is far from stable and hovers on the precipice of failure with each new world event that occurs. Others remain optimistic as housing starts increase and the Dow surges to new heights.
'At the American Subcontractors Association National Convention in Las Vegas on March 21, 2013, subcontractors took advantage of an opportunity to ask general contractors a question that has become more important to their businesses, given the current construction marketplace: “How can I get more work with you?”.
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.
As mentioned in a previous blog post on market research , there are several options for gathering information about customers and their buying preferences and purchase intentions. But what are some of the strategic tools that can be employed to assist in marketing decision-making? Below we will share several popular strategic marketing tools including internet-based competitive intelligence, market segmentation, perceptual maps, the growth-share matrix, and product life cycle analysis.
'The local search war for construction and construction-related brands is heating up and rankings in search engine results pages (SERPs) are increasingly important. One element of your local search-ranking factor is the number and quality of reviews your business receives. And for construction service brands this is even more critical, as outside recommendations carry more weight in the consumer’s mind.
'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.
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.
'To further understand the use of social media in the construction industry, the Construction Marketing Association conducted a national survey of construction professionals. 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?
'What makes a construction company a great place to work? Business leaders have ideas of what they want their company cultures to be like, but ultimately it’s the employees who decide whether a company has a healthy culture—and whether they want to stay with you in the long term.
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