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If you’re like me, your social media feed this month is filled with photos of happy graduates celebrating commencement and getting ready to begin the next chapter of their lives. Hopefully, we’ll see some of those fresh young graduates heading toward a career in commercial construction. Part of the reason I say this is the current hiring situation in the construction industry.
Attention to detail, dedication and love of the craft: these are just a few qualities of the skilled tradesmen that keep our industry going. But with busy jobsite schedules and an ever-changing economy, the high-quality work that they produce sometimes goes unnoticed in favor of moving on to the next project. CBO recently caught up with Dave Schneider, chief marketing officer at Red Wing, to talk about the company's new initiative, America Working, that aims to shine a light on the hard work of
The construction business is rising again as the economy improves and outlooks are brighter, which is great for construction business owners. It is an exciting prospect to stop surviving and start thriving and growing your business! But do you have a plan in place to ensure that you actually can grow and grow sustainably? Without a plan, you could end up taking two steps forward to only have to take one step back every time.
Construction firms that rely on fixed budgets and outdated procurement methods are losing ground fast. This guide reveals how market leaders are managing financial risk by shifting to incremental budgeting, regional sourcing, and real-time cost tracking. Learn how to structure contracts with price protections, streamline procurement workflows with automation, and avoid labor cost increases with smarter workforce planning.
Earlier this fall an apartment in Kiev became the first real estate purchased using blockchain, portending a new era in the sale of land and improvements. It is suggested blockchain may do for the $217 trillion real estate market what the Internet did for communication. Blockchain will address high transaction costs, long time delays, and heterogeneity, accelerating both the investment good and the consumption good of real estate across sectors and the globe.
Delays can be caused by anything: the client, the crew, equipment malfunctions , weather … the list goes on. But no matter how large or small a project, delays are never a good thing. When a job is behind schedule, it impacts everybody on the project, and likely the next scheduled project or build. Estimates get thrown off, rush fees ensue, and general disdain for the job can surface.
Delays can be caused by anything: the client, the crew, equipment malfunctions , weather … the list goes on. But no matter how large or small a project, delays are never a good thing. When a job is behind schedule, it impacts everybody on the project, and likely the next scheduled project or build. Estimates get thrown off, rush fees ensue, and general disdain for the job can surface.
Compared with a few short years ago, commercial construction moves at an incredibly fast pace today. Due to a variety of factors – from smaller profit margins following the economic downturn, to the sense of immediacy that’s so pervasive in the modern business world – everyone from our clients on down to our subcontractors are being squeezed for time and asked to deliver commercial construction projects on tighter schedules than ever before.
Brewery-based restaurant concepts, such as this BJ’s Restaurant and Brewhouse Englewood Construction recently completed in Fort Wayne, Ind., are popular additions to existing malls. Coming out of the International Council of Shopping Centers’ RECon convention in Las Vegas last month, there’s been a lot of conversation in the media around the future of retail development.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
I wouldn’t go so far as to call myself a control freak, but as a national general contractor, it’s part of the job description to be the one calling the shots and telling everyone what to do on a complex commercial construction project. However, from time to time, we have to manage things that are out of our direct control – particularly when a project specifies owner furnished items (OFIs) or an owner vendor.
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 Earth Day coming up this weekend, there’s a lot of discussion about being more environmentally friendly in how we live and work. Anyone in the commercial construction industry knows there are a variety of certifications and designations that individuals, companies and projects can achieve to show they follow a high level of green commercial construction practices.
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.
Have you ever wished you had more detail about what was going on at your jobsite? Construction sites are large, with a lot of employees, machinery and materials. This is often hard for management to monitor, with valuable data on costing, efficiency and profitability becoming too difficult to collect.
When I think back on the most interesting construction projects and challenges I’ve handled in my career as a national commercial contractor, without a doubt some of the most memorable have been in landmark-status buildings. In fact, we’re in the middle of one of those projects right now as Englewood Construction relocates American Girl’s flagship store in New York City from its current 5th Avenue address to a well-known landmark property – 75 Rockefeller Plaza.
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 the busy season approaches, it is important that you and your operators maintain a productive fleet of tracked heavy equipment, particularly crawler excavators, to ensure you stay on schedule. The most effective way to do this is by training your equipment operators on the proper operation and maintenance of the excavator undercarriage and its components as outlined in the manufacturer’s operation and maintenance manual.
Sourcing materials for a project that meet a client’s need for durable, sustainable products that won’t have a negative impact on the project timeline can feel like a search for the Fountain of Youth. Some contractors may push back with the claim that the reliability of materials, such as masonry, concrete or steel, is worth the larger carbon footprint and increased energy consumption to produce those materials.
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.
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