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Strategies for Achieving a Low Experience Modification Rate

Construction Business Owner

Strategies for Achieving a Low Experience Modification Rate ccapoccia Fri, 09/29/2023 - 08:35 A low experience modification rate (EMR) benefits your business, so establish a safety culture to help lower your EMR.

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Key Considerations For Risk Management In The U.S. Housing Construction Industry

The Constructor

The U.S. housing construction sector is one of the country’s largest and most important industries. With billions of dollars invested in projects each year, the sector has a considerable impact on the economy and the lives of many individuals. As such, those involved in the industry need to understand the importance of risk management and […] The post Key Considerations For Risk Management In The U.S.

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The Right Way to Avoid Tax Audits

Construction Business Owner

The Right Way to Avoid Tax Audits ccapoccia Thu, 09/28/2023 - 08:39 While the IRS’s own figures reveal that, in general, it only audits 1% or 2% of all taxpayers each year, the threat of an audit continues to strike fear into every construction business owner. The Inflation Reduction Act of 2022 directed $80 billion in new funding to the IRS over the next decade so it could hire 87,000 new workers.

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Green Building: A Growing Trend For Energy Efficiency And Eco-Friendly Construction

The Constructor

Green construction is an ever-growing trend in the construction industry that focuses on reducing the impact of buildings on the environment while at the same time increasing energy efficiency. It is a building method that considers the impact of the construction process on the environment, from the materials used to the energy use to the […] The post Green Building: A Growing Trend For Energy Efficiency And Eco-Friendly Construction appeared first on The Constructor.

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The Ultimate Procurement Software Buyer’s Guide

Choosing the right procurement software is a crucial step in ensuring third-party risk management, process governance, and bidding efficiency. With so many procurement solutions to choose from, it can be overwhelming without a frame of reference and a solid starting point. This free buyer’s guide will cover: Benefits of Procurement Software –– Why do you need it?

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AECOO Engagement, Alignment, and Sharing of Objective, Current, Veriable Information = Efficient Construction Delivery Strategy

Job Order Contracting

AECOO Engagement, Alignment, and Sharing of Objective, Current, Veriable Information are fundamental requirements for the consistent delivery of quality repair, renovation, maintenance, and new build projects. AECOO Engagement, Alignment, and Sharing of Objective, Current, Veriable Information are fundamental to efficient project delivery. [contact-form] The post AECOO Engagement, Alignment, and Sharing of Objective, Current, Veriable Information = Efficient Construction Delivery Strategy appear

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Better Practices For Managing And Maintaining Your Business Cash Flow

Contractor Bookkeeping

In the business world, cash flow remains the lifeblood that keeps your operations running smoothly. Whether you're a start-up finding your feet or a seasoned business in the construction industry, managing and maintaining a steady cash flow can be challenging. But a few small changes can make a world of difference to your cash flow and overall revenue.

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Root Cause of Construction Project Failures

Job Order Contracting

Recognition of the root cause of construction project failures is the first step towards improvement. Basically, a lack of understanding of work scope and the associated detailed work activities, processes, and resources are required as well as how these activities impact participants and stakeholders cause repair, renovation, maintenance, or new build projects to be late, over budget, or otherwise completed poorly.

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NY announces first-in-the-nation state concrete mandate

Construction Dive

Set for January 2025, the state’s Buy Clean Concrete rules establishing greenhouse gas emission limits will cover all agency projects.

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What Is A Fractional CFO And How Can It Help Your Construction Business?

Contractor Bookkeeping

A fractional CFO, or Chief Financial Officer, is a finance professional working part-time, retainer, or contract. They bring the experience and expertise of a high-level CFO to your business – without the cost of hiring a full-time, in-house employee. Fractional CFOs service several clients simultaneously, typically on a part-time, retainer, or contract basis.

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Stop Making These Mistakes and Start Scaling Your Specialty Contractor Business

Anything that is built on a poor foundation will soon crumble from the ground up. This is literally the case in the construction stage of projects and it applies just the same during the pre-construction stage. This free eBook is your ultimate guide to scaling your business with customizable software as early as during the bidding stage.

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How Surety Bonds Can Better Your Business

Construction Business Owner

How Surety Bonds Can Better Your Business ccapoccia Thu, 09/28/2023 - 08:38 Findings from a recent report from Ernst & Young (EY) titled “The Economic Value of Surety Bonds” found that both public and private construction projects protected by surety bonds had lower rates of contractor default, lower cost of completion in the case of default, and were finished faster than unbonded projects.

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Strategic Resource Management In Construction Project Management

The Constructor

The construction industry is a complex world, filled with many project management issues that can derail the successful completion of any project. Effective project management strategies must be implemented to ensure construction projects finish on time and within budget. Strategic resource management is an important tool in the project manager’s arsenal, allowing them to manage […] The post Strategic Resource Management In Construction Project Management appeared first on The Constr

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3 affordable housing projects that serve as social catalysts

BD+C

3 affordable housing projects that serve as social catalysts 0 qpurcell Mon, 09/25/2023 - 12:49 Affordable Housing Trish Donnally, Associate Principal, Perkins Eastman, shares insights from three transformative affordable housing projects. Trish Donnally MFPRO+ Blog Higher Education University Buildings Multifamily Housing Affordable Housing Senior Living Design Student Housing Designers Architects Projects Sustainable Development To say the United States is facing an affordable housing crisis i

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Unused parking adds over $2M to typical multifamily projects

Construction Dive

Reducing parking spaces can save money and minimize environmental impact, a Rutgers University white paper found.

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The Specialty Contractor's Guide to Job Cost Accounting

Supply chain challenges and rising material costs are forcing specialty contractors to pay more for what they need to complete each job. Following a simple set of principles, this easy-to-follow guide can help you manage job costs, ease the pains of accounting, and run a more profitable businesses. If you are a Specialty Contractor or Self-performing GC, you do not want to miss out on this essential guide!

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The 4 types of construction procurement? 

Construction Today

Construction procurement is the process of acquiring goods, services, and labor needed for the construction of a building, infrastructure, or other type of project. Various methods of procurement can be used, each with its advantages and disadvantages. Take a look at our breakdown of the four main methods: Also known as design-bid-build, traditional procurement is the most common method in.

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What’s New on LB Geniebelt? | September 2023

Lets Build

Here is your summer wrap-up of LB Geniebelt updates! On the agenda: a clearer interface, some cross-project enhancements, a quality link with LB Aproplan, and much more. An improved application with a brand-new design! ? We’ve refactored the design of our LB Geniebelt application to make it more efficient, adaptable, and user-friendly. This means faster loading times, improved navigation, and a platform that truly grows with you.

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Managed Repair Excellence: What Sets Contractor Connection Apart

Contractor Connection

In the world of managed repair and home improvement, finding reliable contractors can be a daunting task. Whether you’re planning a small renovation project or need emergency repairs, you want to ensure that the professionals you hire are not only skilled but also trustworthy. This is where the Contractor Connection Network steps in, offering a unique and comprehensive solution to connect property owners with qualified contractors.

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Why Getting Prequalified Should Matter to Contractors

Safety Services Company

Enlisting contractors comes with a substantial financial investment and entails significant risks. Every hiring client aims to find safe, reliable, and compliant contractors, so they put potential vendors through a series of tests. Prequalification and contractor management platforms have become prerequisites in the modern world. Hiring clients’ search for a contractor involves gathering and analyzing information on a contractor’s operations.

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Report: Optimism for Construction Growth in the Next Year Remains High

Research reveals 96% of respondents are very or fairly optimistic about their organization’s growth prospects for the next year. The InEight Global Capital Projects Outlook also finds over half see digital technology as the greatest growth opportunity. But these are only some of the findings. Don't be kept in the dark when it comes to the future. Read the report today!

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‘Everybody’s going to be impacted’: Fed shutdown would delay civil work

Construction Dive

Infrastructure projects will be held up if the government is not funded by Sunday, according to the White House and association leaders.

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California To Be Key Buyer of Floating Offshore Wind Energy

ENR Construction

The state would buy uncontracted energy from offshore sites and sell to utilities to propel market, as key developer Equinor launches first undersea robotic analysis and design of its project site off Morro Bay.

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What’s New on LB Geniebelt? | September 2023

Lets Build

Here is your summer wrap-up of LB Geniebelt updates! On the agenda: a clearer interface, some cross-project enhancements, a quality link with LB Aproplan, and much more. An improved application with a brand-new design! ? We’ve refactored the design of our LB Geniebelt application to make it more efficient, adaptable, and user-friendly. This means faster loading times, improved navigation, and a platform that truly grows with you.

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How to waterproof in-floor door operators

Construction Specifier

Photos and illustrations courtesy Simpson Gumpertz & Heger. By Daniel Gibbons and Matthew Worster Designers of exterior facades commonly locate door operators in buildings on door heads in entrances that are not all glass. Head-mounted door operators function in a sheltered environment, typically on the wall’s interior side, and are relatively easy to access and maintain.

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Discover 7 Ways to Cut Construction Inefficiencies

Construction sites are often just-barely-controlled chaos. Without clear coordination, you risk everything from clashes to delays, cancellations, and missed deadlines. Get the free eBook & learn how to solve the biggest challenges in construction!

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Win-Win Scenarios for Residents and Property Managers

BD+C

Win-Win Scenarios for Residents and Property Managers 1 kcichowicz Fri, 09/29/2023 - 10:33 Multifamily Housing Discover how proptech is opening open new paths to revenue for owners and property managers, while bringing desirable amenities and conveniences for renters. Check out my thoughts on profitable, resident-centric proptech. Multifamily Housing At the end of the day, businesses exist to generate revenue.

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The Dotted Line: How to prepare for Davis-Bacon updates

Construction Dive

There are a slew of changes that contractors need to be aware of, or risk paying back wages and penalties.

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US Extends Venezuela Protected Status, Boosting Industry Workforce

ENR Construction

P raised by organized labor and called a modest labor step by contractor groups, Homeland Security Dept. chief Alejandro N. Mayorka approved 18 months more of protected status for Venezuelan workers in the U.S.

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Top construction events and trade shows to attend in Europe for 2023-2024

Lets Build

You’re a leader in your company – we know you’ll do whatever it takes to stay competitive in the construction industry. Attending construction events and trade shows is a great way to grow your business, expand your network, and learn about new methods, materials, and processes. And who knows, you might even find your biggest client at a trade fair.

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Learn How to Boost Productivity for Every Project

For construction contractors, productivity is everything. Download this guide to discover how digital production tracking improves project visibility, data collection, and production insights—all in real time.

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Reframing and repurposing daylight through adaptive reuse

Construction Specifier

Photos courtesy Solatube International. By Neall Digert, Ph.D “Adaptive reuse,” alternatively known as building reuse, is a remarkable approach that injects vitality and purpose into vacant structures, which is different from the design they were intended for. By preserving and repurposing these structures, adaptive reuse projects contribute to preserving local culture, fostering a sense of continuity and forming a connection to the past for future generations.

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Pollyanna Cunningham of ICE shares her enthusiasm and dedication to educating the pile driving and drilling industry

Construction Today

International Construction Equipment (ICE®) is the largest supplier of pile driving and drilling equipment in North America. The business offers the largest rental fleet in the industry, with a global distribution network and one of the most complete lines of deep foundation equipment available. Pollyanna Cunningham, Vice President Marketing, Brand and Media Relations at ICE® shares her insights.

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Workers sue Amazon, contractors, for nooses at Connecticut site

Construction Dive

A federal complaint alleges supervisors initially tried to keep the 2021 discovery out of the news before suggesting workers of color planted the items.