Remove ABC Remove Contractors Remove Estimating Remove Profitability
article thumbnail

Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC.

article thumbnail

Construction labor productivity starts with technology

Fieldwire

Research from the ABC (Associated Builders and Contractors) suggests construction has the tall task of attracting an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet the demand for labor. Read the full article on Peggy Smedley’s blog at Connected World.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Seven Construction Associations You Should Consider Joining

Fieldwire

Associated Builders & Contractors (ABC) : A trade association based on the merit shop philosophy, ABC helps members develop people, win work and deliver work safely, ethically and profitably. American Society of Professional Estimators (ASPE). Independent Electrical Contractors (IEC).

AIC 52
article thumbnail

New Legislation Could Change How Contractors File and Pay Taxes

Construction Law Monitor

to update how contractors are taxed. The introduction was immediately applauded by the Associated Builders and Contractors , who claim the bill will modify the tax code to help small construction contractors that are facing increased costs in energy, labor and materials. Wally Herger (R-Calif.), David McKinley (R-W.Va.)

article thumbnail

Meet the Insider: Mallorie Brodie, CEO of Bridgit

Autodesk Construction Cloud

Associated Builders and Contractors (ABC) estimates that around 1.2 Mallorie and her co-founder, Lauren Lake, established the company in 2014 to help construction companies maximize profits and reduce risk by taking a people-first approach. Tell me about yourself and what you specialize in? . My name is Mallorie Brodie.

article thumbnail

Advance Your Career with Autodesk’s Construction Master Class Series

Autodesk Construction Cloud

According to a 2022 analysis by Associated Builders and Contractors (ABC) , the construction industry needs 650,000 additional workers this year alone—a number that’s difficult to meet, given the highly competitive labor market. . Quantification for Estimators and Preconstruction Managers. Take Class. Take Class.

article thumbnail

5 Ways to Protect Your Bottom Line with Autodesk Construction Cloud 

Autodesk Construction Cloud

Research from the Associated General Contractors of America (AGC) shows that while construction backlogs are high, elevated material and borrowing costs could put more pressure on contractors. The construction industry is no stranger to challenges, and the latest wave of rising costs is putting many firms to the test.