Construction M&A deals slow after record run
Construction Dive
SEPTEMBER 21, 2023
A rebound in mergers and acquisitions should come later this year as economic confidence and financing conditions improve, says a banking executive.
How Land Banking Could Help Builders Battling Shortages
Pro Builder
DECEMBER 13, 2021
How Land Banking Could Help Builders Battling Shortages. Land banking offers a potential solution for builders to generate strategic capital and minimize the risks associated with land ownership in the midst of national shortages, according to John Burns Real Estate Consulting. New-Construction Projects. Mon, 12/13/2021 - 09:49.
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A bank that doesn’t go far enough?
Construction Law
MARCH 31, 2021
One thing that can be confidently said about the newly announced National Infrastructure Bank (NIB) is that it won’t be funding very much of the procurement of the UK’s national infrastructure. Adverse comparisons are being made with the scale of the European Investment Bank funding that has been lost post Brexit, which was some £5 Billion.
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How to Increase Cash Flow for Your Construction Business When You Can’t Get the Financing You Need From the Bank
Levelset
SEPTEMBER 30, 2022
As a commercial specialty contractor, it can be frustrating to have the crew, time, and skills you need to take on construction projects but not enough cash to purchase materials. Add in being denied a bank loan, and the frustrations mount. It’s unfair to feel like the bank and the contractor on all of your projects.
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Starting And Operating A Small Construction Business On Limited Funds
Contractor Bookkeeping
JANUARY 20, 2023
Juggling existing financial commitments such as a mortgage or bank loan could put a squeeze on your business plans. Freelancers in all industries deal with the same problems due to the nature of their work. If you just did, congratulations, you have decided to own and operate a construction company.
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How to Deal with Extended Lead Times and High Material Costs
Levelset
JUNE 14, 2022
Construction material costs are rising along with high fuel prices , affecting lead times and project success. As reported by the US Census Bureau, the construction industry is experiencing the most significant price hike since the 1970s as specialty contractors carry the burden of upfront, out-of-pocket expenses required to start new jobs.
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Navigating Commercial Building Loan Landscape for Small Business
Wolgast Corporation
OCTOBER 26, 2023
We checked in with Steve Canole, Senior Vice President of 1 st State Bank, to find out the current commercial financing climate and if there are any changes, insight, or guidance our business owner clients should know to secure financing to fuel their growth. Plan on traditional loans to be the best option right now as a better deal.
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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills
Wolgast Corporation
NOVEMBER 28, 2022
On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction. These types of requests are common place in today’s world when an owner finances the construction of a building.
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Multiplex pips Mace to £500m BBC TV Centre phase 2
Construction Enquirer
JUNE 21, 2023
Multiplex will act as construction manager on the £200m-plus job to deliver 345 flats in two blocks. Multiplex secured the project following a break-through £120m deal with Stanhope last summer to redevelop the IBM building on London’s South Bank. Main construction is due to commence in 2024.
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6 Ways the COVID-19 crisis will reshape the construction industry
Lets Build
MAY 11, 2020
According to Gartner’s recent business continuity survey, only 12% of organisations are highly prepared to deal with the novel coronavirus. The study points out that even if companies have policies in place to deal with such risks, they are not activated until it is too late. Part of the work will be done remotely.
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Commercial Construction Real Estate Trends from ICSC 2014
HardHatChat
JUNE 12, 2014
For one week each year, the commercial construction industry converges on the desert city as national retail construction firms, retail brokers and retailers all get together to make deals and plan for the following year. Here are my three takeaways for retail construction trends from RECON 2014: Money is out there.
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Construction Law: December 2023
Construction Law
DECEMBER 5, 2023
News Our regular news round up of construction law and procurement stories reports on two highly critical reports of government spending plans for schools and hospitals; and record fines being levied on a landlord and property management company for fire risks. Claims Building a case by extrapolation – should failure be the default?
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Home Builders Remain Optimistic Despite Market Headwinds
Pro Builder
MARCH 20, 2023
Single-family home construction posted a modest 1.1% gain in February on a seasonally adjusted annual basis with just 830,000 single-family units started, but the pace of new construction could soon accelerate, the National Association of Realtors reports. Single-family home construction posted a modest 1.1%
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SBA 504: Funding Business Growth with Less Capital
Wolgast Corporation
MAY 22, 2023
Being able to finance 80-90% of the cost couldn’t be a better deal for these companies. It is still a nominal rate spanning a longer term than the traditional bank loan. In dealing with our commercial construction clients who have considered the program, we have learned more about the SBA 504 and why some choose to use it or not.
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How Just-in-Time Land Deals Help Manage Cash Flow
Pro Builder
JUNE 12, 2020
How Just-in-Time Land Deals Help Manage Cash Flow. But when it comes to land inventory strategies, most builders seem reluctant to rely on a “just-in-time” model to acquire land as needed for immediate construction. Fri, 06/12/2020 - 05:00. Justin Onorato. . Just-in-time business models have proven highly effective for U.S.
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Why You Need a Long-Term Construction Software Partner
Viewpoint Construction Technology
JUNE 19, 2018
In case you haven’t heard, construction software use is on the rise. By 2020, technology adoption in construction is expected to reach 70 percent, according to a 2017 report from McKinsey Global Institute. There has also been an increase in mobile device and cloud storage use at companies throughout the construction industry.
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Construction workers kidnapped and robbed of £77,000
Construction Enquirer
JUNE 13, 2023
Two men who kidnapped and robbed two construction workers after luring them to a remote location and forcing them to hand over £77,000 have been jailed. In mid-June 2021, the victims – who work for a London-based construction company – were contacted by someone claiming to be “Lee Kennedy”.
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Hyundai Heavy Bids for Doosan Infracore
Construction Equipment
SEPTEMBER 29, 2020
The deal is potentially worth over $800 million. According to Korea Biz Wire, Hyundai Heavy Industries Holdings formed a consortium with Korea Development Bank Investment, a unit of state-run Korea… Hyundai Heavy Industries Holdings said it has joined the preliminary bidding for Doosan Infracore.
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Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress
Green Building Law Update
APRIL 4, 2021
Not to mention there is anecdotal evidence from the first LEED Zero projects that the required integrated process has reduced change orders by a magnitude of up to 90% resulting in dramatic reduced total construction costs. New and powerful ways are needed to address the existential environmental problems plaguing the planet.
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What Will Construction Look Like In The Future?
Construction Marketing
FEBRUARY 7, 2017
The construction industry is undergoing a period of radical change. For both mature and growing economies, the construction industry provides important links with other sectors to boost economic growth. It also enables the building owners to make sound decisions before, during and after construction. Using Robots For Efficiency.
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The Secret Sauce to Protecting Construction Profits
Autodesk Construction Cloud
APRIL 24, 2023
While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins.
How To Choose The Right Roofing Material For Your Home
Construction Marketing
DECEMBER 7, 2021
In design and construction, every corner built plays a significant role. Choosing a roofing material can determine the durability of the construction. On the other hand, low-priced roofing material isn’t always a reflection of the best deal in the market. A house is built to protect the people in it. Durability .
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Common Bookkeeping Pitfalls And The Value Of Outsourced Accounting
Contractor Bookkeeping
DECEMBER 20, 2019
Although most construction company owners recognize the importance of careful financial management, few want to spend their time dealing with numbers. Avoid this pitfall by using a separate credit card and bank account for business, and being disciplined about separating expenditures.
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Home Builder Confidence Rose for the Third Consecutive Month in March
Pro Builder
MARCH 16, 2023
Even as builders continue to deal with stubbornly high construction costs and material supply chain disruptions, they continue to report strong pent-up demand as buyers are waiting for interest rates to drop and turning more to the new home market due to a shortage of existing inventory,” Alicia Huey, the NAHB chairman, said in a statement.
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Building With a Purpose: Exploring Construction Careers That Make a Difference
Fieldwire
NOVEMBER 14, 2023
Construction is essential to many facets of your life. Electrician The Bureau of Labor Statistics (BLS) says the job market for electricians will grow by 6% over the next decade, making it an in-demand position in the construction industry. Here are meaningful careers to consider and how you can positively impact those around you.
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Lower Workers' Compensation Costs by Having a Plan
Pro Builder
NOVEMBER 17, 2020
Alan Banks, a home builder in the Carolinas, teamed up with insurance expert Treacy Duerfeldt of the Nationwide Contractors’ Alliance to create a video explaining exactly how home builders can reduce their workers’ comp costs. Construction. Read more to see what they suggest. Jobsite Safety. Jobsite Safety.
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Congress Reaches Deal on 5-Year Highway Bill
Construction Equipment
DECEMBER 1, 2015
The bill also includes a provision to revive the Export-Import Bank . The bipartisan agreement provides roughly $300 billion for federal transportation programs and outlines the policy that will govern highway, transit and rail spending for the next five years, according to Politico.
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Behind the Build: Interview with Mike White, Director of Design and Construction at North Point Hospitality
Autodesk Construction Cloud
OCTOBER 3, 2023
Overseeing large and complex construction projects requires quite a bit of skill and experience. Mike White , Director of Design and Construction at North Point Hospitality (NPH) , is one individual who possesses these traits and abilities. Walk us through your career and what led you to become Director of Design and Construction.
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Green Building Bonds as a Game Changing New Source of Capital
Green Building Law Update
MAY 25, 2014
Proceeds from these corporate bonds will be used to fund “eligible green building projects” including the acquisition, construction, development or redevelopment of projects that will pursue LEED certification. In November 2013, Bank of America issued the first ever U.S. exclusively for green building.
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The Benefits Of Adapting To Technology For Your Construction Business
Contractor Bookkeeping
NOVEMBER 6, 2020
There probably are not enough hours in the week for you to deal with all the issues that arise while keeping your clients happy and taking time out of your schedule to manage your business is probably the last thing you want to do. Thanks to a variety of online software companies, running your business is now a lot easier.
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As Economy Heats Up Your Bookkeeper May Leave For Bigger Better Deal
Contractor Bookkeeping
DECEMBER 13, 2013
Every Day Hundreds of construction company owners across the country and around the world are arriving to work with a full work load of projects that "Absolutely, Positively Must Get Done Today" only to find their bookkeeper is gone. And Worst Part Is - She had no idea that Construction Accounting is the hardest bookkeeping of all!
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Update: Cat Refers to Tax Probe in Webcast
Construction Equipment
MARCH 23, 2017
TheStreet.com reports that during yesterday's webcast of Bank of America Merrill Lynch Global Industrials & EU Autos Conference in London, investor relations director, Amy Campbell, answered Merrill Lynch analyst Ross Gilardi's questrion about the scope of the current investigation into Caterpillar's tax dealings, saying, "I don't have any speculation (..)
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Update: Cat Refers to Tax Probe in Webast
Construction Equipment
MARCH 23, 2017
TheStreet.com reports that during yesterday's webcast of Bank of America Merrill Lynch Global Industrials & EU Autos Conference in London, investor relations director, Amy Campbell, answered Merrill Lynch analyst Ross Gilardi's questrion about the scope of the current investigation into Caterpillar's tax dealings, saying, "I don't have any speculation (..)
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Housing’s Great Rethink: Workforce Development Takes Center Stage
Pro Builder
DECEMBER 7, 2022
To refill the construction labor pool from the fallout of the Great Resignation and combat the skilled labor shortage, home builders must adjust their approach to attract and retain a skilled workforce. How the Construction Industry Is Rethinking Workforce Development. A Career in Construction? Wed, 12/07/2022 - 12:30.
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7 Things to Know About the Sustainable Future of Construction
Autodesk Construction Cloud
JULY 21, 2021
There have been warning signs in the construction sector for years. Construction and the built environment account for nearly 38% of all energy-related carbon emissions around the world. But crucially, there’s greater appetite for change in construction than ever before. Incremental change won’t cut it: we need a paradigm shift.
Top 10 Construction Companies in UAE
CivilJungle
OCTOBER 20, 2020
Introduction to Top 10 Construction Companies in UAE. Construction Industry of UAE is one of the largest industry in the world. UAE the world’s biggest construction market which turns the United Arab Emirates into one of the best and fast-growing regions in the world. There are major construction companies in the UAE.
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52 Watch for Bank Shield Laws in Dealing with Lenders
Construction Lawyer
JULY 22, 2005
Werner Sabo is a partner at the construction law firm of Sabo & Zahn in Chicago. He is a member various professional organizations, has been an officer and director of the Chicago Chapter AIA, President of the Chicago Chapter, Construction Specifications Institute, and writes a regular construction law column for The Construction Specifier.
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White House, Congressional Leaders Strike Deal on Budget | ENR.
ENR Construction
AUGUST 1, 2012
Construction Methods. Banking & Credit Crisis. Construction Technology. Construction Schools. White House, Congressional Leaders Strike Deal on Budget. Construction methods & equipment. FREE — ENR’s Greatest Construction Projects with your paid subscription. Environment. Water & Dams.
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Setting Up the Chart of Accounts: QuickBooks for Contractors
Levelset
FEBRUARY 11, 2022
The Chart of Accounts is the heart of every contractor’s accounting system , whether you’re using QuickBooks or any other construction accounting software. In this article, we’ll explain how a contractor’s Chart of Accounts should be set up in QuickBooks , with a free customizable template for construction. . Chart of Accounts fields.
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4 Tips for Hiring a Reputable Plumbing Contractor
Construction Marketing
JULY 30, 2019
The benefit of banking on such referrals is that their skills and experience have already passed the test of time. Dealing with a plumber that is licensed by the municipal helps in protecting your interests as a homeowner. You can also consult building contractors because they interact more often with plumbers in their industry.
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Mel Robbins Inspires on Day 2 of Viewpoint Collaborate 2018
Viewpoint Construction Technology
OCTOBER 17, 2018
In dealing with procrastination and making the leap into action, Robbins noted that procrastination and inaction are a form of stress, and that one of the best ways to move forward is to ask, “what is it that I am stressed out about?”. Want more Collaborate 2018 highlights?
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201 Starting Profitable Construction Company Unique Secrets Revealed
Contractor Bookkeeping
OCTOBER 4, 2013
Starting Or Re-Starting A Construction Company Is Easy. Secret #01 Decide What You Want From Your Construction Company. Action Step - 01: On a peice of paper type and print or hand write a description of what you want from your construction company and put it into a three ring binder. If You Know Exactly What To Do.
Persimmon invests in modular house builder TopHat
Construction Enquirer
APRIL 25, 2023
The investment bank also took part in the latest fundraising round. House builder Persimmon and institutional investor Aviva have each made a substantial investment in volumetric modular house builder. TopHat has been trading since 2016 with shareholders led by Goldman Sachs investing £130m in the business up to the latest fundraise.
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How to track progress and communicate problems from the field
Lets Build
FEBRUARY 12, 2021
All these tools are very intuitive and can be extremely useful in our daily lives, but they are not made for construction. Free ebook: Why WhatsApp and Excel aren’t enough for running complex construction projects. Learn more: Construction programme – How to see everything without getting buried in admin work.
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