article thumbnail

6 Ways the COVID-19 crisis will reshape the construction industry

Lets Build

It is now apparent how critical it is to provide compensation and support to employees as strict community quarantines are placed. For instance, companies that depend on bank checks and physical forms need to find other means to distribute payment. Payroll needs to have a solid digital infrastructure with remote accessibility features.

article thumbnail

20 construction industry trends to watch in 2020

Building Radar

Project management software: smart tools for fast teams 4. Forecasts: How the construction industry in Germany will develop in 2020 Software in the construction industry 1. CRM software is designed to increase sales and retain customers, while ERP systems are designed to reduce costs. IoT: building with wireless intelligence 5.

professionals

Sign Up for our Newsletter

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

article thumbnail

BUSINESS REPORT: Virginia’s High-Tech Economy Keeps Growing

Buisness Facilities Contributed Content

It is a right-to-work state, has a fixed 6 percent corporate income tax rate and has one of the lowest average workers’ compensation costs and unemployment burdens in the U.S., Virginia is birthplace of the Internet and one of the leading centers of software development. And as one of four U.S.

article thumbnail

Best Universities for Masters in Architecture in the USA | Masters in Architecture in USA 2022

CivilJungle

According to AIA Compensation Report, the appropriate annual salary of architects expanded by 2% from 2017 to 2019. As well as texts, you may require to buy specialist art materials , tools , and software that set you about hundreds or even thousands. Also, read: Difference Between Timber And Wood | What is Wood | What is Timber.

article thumbnail

Contractor's Networking Secrets To Increase Sales And Profits

Contractor Bookkeeping

It would be foolish for them to provide the services and not be compensated fairly. Stephen Covey describes it as "The Emotional Bank Account." Now I simply put them into our Customer Relationship Management software as someone to never connect with or refer any business too. Building Your Business And Personal Network.

article thumbnail

A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Bond - in construction, a performance bond is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. Labor burden is the cost of payroll taxes and insurances (such as Workers'' compensation) which the employer must pay to employ workers. Example: Wage rate is 10.00/hour,

article thumbnail

We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Did You Go To Your Bank - And they offered to give you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. This is getting very stressful.