Construction Enquirer

JUNE 13, 2023

Britain’s biggest steelwork contractor Severfield has delivered stronger than expected profits and revenue after embarking on a diversification strategy. Underlying pre-tax profit jumped a fifth to £32.5m in the year to March 2023 off record revenue up 22% to £492m. He said: “2023 was a very successful year for the Group.

Profitability 78

Profitability Security Office Deals 78

Construction Business Owner

MARCH 26, 2021

It’s nearly impossible to make any money when contracts allow just 10% and your subcontract only allows for 15% total overhead and profit markup on change orders, or time and material costs plus work. The typical commercial contractor’s annual overhead and profit markup look much like those in Figure 1.

Overhead 329

Overhead Subcontracting Change Orders Profitability 329

Contractor Bookkeeping

NOVEMBER 19, 2021

Among the stats Hubspot lists are: that a 5% increase in customer retention is responsible for more than 25% increase in profit; repeat customers are nine times more likely to convert than first-time visitors, and a 2% increase in customer retention has a similar impact to your bottom line as reducing costs by 10%.

Profitability 96

Profitability IDEA Commercial Housing 96

Construction Business Owner

APRIL 1, 2024

Now facing the dual pressures of inflation and rising interest rates, the industry must also contend with labor issues that continue to constrict profit margins.

Cash Flow 156

Cash Flow Management Profitability Residential 156

HardHatChat

MAY 13, 2014

We never like it when scandal rocks the commercial construction industry. Commercial general contractors generally don’t find their way into the mainstream news unless it is for something negative, often involving criminal activity. A properly-sized commercial general contractor is going to maintain a certain amount of overhead.

Commercial 281

Commercial Bidding Negotiation Construction 281

HardHatChat

AUGUST 7, 2019

Given that our firm already has experience working with clients on medicinal and recreational marijuana dispensary construction projects in other states, we know firsthand that this legislation will quickly lead to new activity in the local commercial real estate and construction landscape.

Legal 260

Legal Commercial Retail Illinois 260

HardHatChat

DECEMBER 9, 2014

As we close out another year, we wanted to take a look back at the commercial construction trends that defined 2014 and highlight some of the highs and lows. Overall, this was a great year for the commercial construction industry as commercial construction activity and revenue were up considerably.

Commercial 192

Commercial Retail Construction Chicago 192

HardHatChat

JUNE 11, 2013

The tone of the attendees at ICSC’s “Global Retail Real Estate Convention” (RECon) in Las Vegas last month was as positive and energizing as it was in the commercial construction boom years before 2008. Retail and restaurant sales are steadily increasing and commercial construction space is slowly being absorbed.

ICSC 233

ICSC Commercial Las Vegas Retail 233

Job Order Contracting

JANUARY 25, 2018

Levies • Developer profit. The post Commercial Construction Costs – Canada appeared first on 4BT. . • Interest charges and lenders’ fees • Rezoning costs. Marketing and advertising • Other municipal fees.

Commercial 100

Commercial Construction Commissioning Permits 100

Chianelli Estimating

MARCH 7, 2022

Making your next commercial building project successful starts with anticipating and estimating costs. The most common unit of measure used to estimate costs for commercial buildings is cost per square foot. Generally, the two most important variables to estimating the commercial cost per square foot are size and quality.

Commercial 60

Commercial Estimating Materials Electrical 60

HardHatChat

JULY 15, 2014

While admittedly there is no silver bullet for leasing woes, a good commercial general contractor can help make some minor changes to a shopping center development that may provide a boost to struggling tenants and help shopping mall owners capture higher, more consistent rents. This creates a problem for shopping mall owners. Never fear.

Leases 264

Leases Commercial Retail Contractors 264

Construction Superintendent Magazine

DECEMBER 14, 2022

ABC’s Construction Confidence Index reading for profit margins and staffing. The post Commercial, Institutional, Healthcare Construction Drive ABC’s Backlog Indicator to Highest Level Since Q2 2019 appeared first on Construction Superintendent.

Commercial 52

Commercial ABC Construction Profitability 52

Green Building Law Update

APRIL 4, 2021

That improved balance sheet for green buildings translates directly into green buildings having over 30% fewer commercial mortgage backed securities defaults. This unfair capital subsidy stymies climate progress by siphoning investment from profitable green building including net zero projects, for non sustainable carbon polluting projects.

Green 293

Green Debt Security Commercial 293

NH Construction Law

AUGUST 13, 2020

But many commercial construction contracts provide for mutual waivers of consequential damages in the event of a breach. ” The Court concluded that the quoted language “can only be construed to exclude incidental or consequential damages, such as lost profits, resulting from the data breach. In Mentis Sciences, Inc.

Profitability 40

Profitability Contract Liability Bargains 40

Stok

MAY 23, 2023

The e nergy efficient commercial building tax deduction (IRS 179D ) is a simple way for building owners to make the most of their investment in high-performance real estate. 179D is a tax deduction for energy efficient equipment installed in a commercial building that reduces the energy cost by 25-50% in comparison to an ASHRAE 90.1

Commercial 52

Commercial IRS Modeling Certification 52

Construction Business Owner

FEBRUARY 26, 2014

This is particularly true in the construction industry due to the complex nature of the industry as well as the sheer magnitude of the cost of commercial construction projects.'

Profitability 215

Profitability Risk Commercial Industrial 215

Construction Marketing

NOVEMBER 16, 2015

An astounding list of speakers, presenters, and sponsors, as well as tens of thousands of attendees ready to kick off the construction year at the largest commercial construction event of the year: World of Concrete 2016. The Largest Commercial Construction Event in 2016! February in Vegas. Everything starts at World of Concrete.

Commercial 0

Commercial Las Vegas Concrete Construction 0

Construction Business Owner

AUGUST 25, 2017

If you are a commercial construction business owner planning your bids for spring and summer of 2018, controlling fuel expenses for your fleet is a major consideration. How do construction businesses stay profitable when one of the largest expenses—fuel—is a moving target?

Bidding 241

Bidding Profitability Commercial Plans 241

Construction Specifier

JANUARY 31, 2022

Due to the direct proximity of the basements and ground levels of commercial structures to soil and rock matter, as well as to the gaseous movement of radon upward through that matter and into the air, there is risk to the users of commercial facilities should the gas infiltrate and accrue in more dangerous amounts indoors.

Commercial 52

Commercial Risk Foundation Materials 52

Construction Business Owner

APRIL 20, 2023

Adopting software doesn’t mean you have to change processes or workflows — it’s about enhancing them with automation, reporting, historical record keeping and bulk actions that improve your business performance and profitability.

Software 282

Software Software Contractors Electrical 282

Lets Build

FEBRUARY 24, 2023

The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed These challenges will likely result in even smaller profit margins in the months to come. More to read: How technology can help you maintain your profit margins at residential projects 2.

Industrial 148

Industrial Construction Profitability Budgeting 148

Construction Dive

AUGUST 26, 2019

Commercial builders mostly expect profit to grow this year despite economic warning bells around debt and trade, according to an ABC confidence index.

ABC 133

ABC Debt Profitability Commercial 133

Construction Superintendent Magazine

SEPTEMBER 25, 2017

Commercial construction is in high demand across the country and contractors remain optimistic about the current and forward-looking health of the sector, according to the Q3 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index (‘Index’), released recently. WASHINGTON, D.C. The post U.S.

Commercial 40

Commercial Construction Washington Profitability 40

ENR Construction

MARCH 24, 2020

With construction and infrastructure margins so low, and delays in schedule can be the norm, well managed commercial finance can help determine project profit or loss.

Finance 31

Finance Commercial Profitability Schedule 31

Contractor Bookkeeping

NOVEMBER 11, 2022

Understanding the High-Profit Client Most of them have personality traits commonly known as drivers. Folks accustomed to getting things done quickly and efficiently do not mind paying professionals for servicing, repairing, remodeling, or building new construction projects related to their houses and commercial buildings.

Remodeling 96

Remodeling Construction Profitability Deals 96

Contractor Bookkeeping

SEPTEMBER 5, 2013

All Construction Contractors Get Referrals which some turn out to be profitable some turn out non-profitable. The key is getting more profitable leads and fewer not-profitable leads. Most Profitable Lead Referrals come from your clients and most not-profitable lead referrals come from customers.

Profitability 49

Profitability Contractors Accounting Income 49

Construction Business Owner

APRIL 20, 2023

Adopting software doesn’t mean you have to change processes or workflows — it’s about enhancing them with automation, reporting, historical record keeping and bulk actions that improve your business performance and profitability.

Software 177

Software Software Contractors Electrical 177

Construction Enquirer

APRIL 26, 2023

Latest results for the company show it made a profit of £1.3m Metnor worked across the UK as a main contractor in sectors including residential, healthcare, student accommodation, hotel, leisure and commercial. during the year to December 31 2021 from a turnover of £62.6m while shareholder funds stood at £4.6m.

Debt 84

Debt Profitability Residential Maine 84

Construction Enquirer

JULY 12, 2023

Diversified construction group JRL has delivered strong revenue and profit growth at its main contracting business Midgard. Overall JRL group revenue for the year jumped 25% to £761m with pre-tax profit halved at £13m. As a result group margin dropped from 4.4%

Profitability 65

Profitability Maine Contract Engineering 65

Buisness Facilities Contributed Content

DECEMBER 30, 2013

Jones Lang LaSalle’s (JLL) research experts have polished off the firm’s crystal ball and it reveals a clear path to stronger performance expectations for commercial real estate in 2014. The post Commercial Real Estate Recovery To Accelerate In 2014 appeared first on Business Facilities. Posted by Heidi Schwartz .

Commercial 110

Commercial Leases Forecasting Office 110

Construction Enquirer

MAY 31, 2023

This will be incentivised through a bespoke commercial model, incentivising all partners at programme level. Construction partners will hold a notional shareholding for commercial model purposes.

Modeling 128

Modeling Construction Procurement Consulting 128

Construction Enquirer

JULY 24, 2023

Sir Robert McAlpine continues to battle to restore margins to industry averages after a year of supply chain, labour availability and inflationary pressures eroded profitability. While revenue edged up 16% to £1.09bn, operating profit remained static at £9.6m. In latest published results for 2022, the group delivered a 0.9%

Profitability 61

Profitability Infrastructure Modeling Bidding 61

Construction Enquirer

JUNE 25, 2023

Claritas specialised in projects up to £70m across the residential, commercial and education markets. turnover generating a pre-tax profit of £455,000. “Right now, I am truly sorry if you are being affected by the Claritas Group’s failure in any way.” Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m

Cash Flow 88

Cash Flow Debt Profitability Education 88

Construction Enquirer

MAY 23, 2023

MEC specialised in small to medium projects within the M25 across heritage, residential, commercial, healthcare and schools sectors with revenue peaking at around £23m before covid. Management accounts to December 31 2021 showed a turnover of £17m generating a net profit of £177,000.

Debt 79

Debt Leases Liability Profitability 79

Construction Enquirer

APRIL 20, 2023

As well as warning the consequences for manufacturers he also highlighted likely consequences for shareholders’ reputations, in addition to their financial stake, if he is forced to use “the legal and commercial tools available”. Gove said: “I have always been clear that those responsible for the building safety crisis must pay.

Legal 96

Legal Banking Safety Commercial 96

Construction Superintendent Magazine

JULY 18, 2022

The Marcum Commercial Construction Index for the first quarter of 2022 reports that the construction industry faces increasing costs and shortages of both labor and materials, as well as rising interest rates. The residential sector has maintained its momentum while weakness continues to characterize the nonresidential sector.

Materials 52

Materials Construction Commercial Profitability 52

BD+C

MARCH 22, 2021

The transit-oriented development will add affordable housing, commercial tenants, non-profit arts organizations, a food hall, an event space, and live-work units to enhance the city’s downtown business district.

Income 52

Income Profitability Commercial Organization 52