Tue.Apr 30, 2024

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5 Risk Myths Demolished

Construction Business Owner

5 Risk Myths Demolished ccapoccia Tue, 04/30/2024 - 09:32 We make decisions about risk every day in our personal and business lives. For construction business owners (and everyone in the construction industry), bad outcomes can mean the difference between staying in business or not. Here are five risk myths that get in the way of thinking about important risks you may be overlooking — and accepting.

Risk 156
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Rivian reaffirms plans for $5B Georgia EV plant despite construction pause

Construction Dive

Dive Brief: Irvine, California-based Rivian reaffirmed its commitment to build its $5 billion Social Circle, Georgia, electric vehicle plant, despite an ongoing construction pause, according to a letter from the electric automaker on April 18. The letter, addressed to the Georgia Departme.

Georgia 146
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February 2024 Construction Stats

Construction Business Owner

February 2024 Construction Stats ccapoccia Tue, 04/30/2024 - 15:05 The Construction Business Owner team compiles statistics each month from several sources, including the American Institute of Architects (AIA) and the United States Census Bureau, to give you a better understanding of the current state of affairs for the construction industry. The statistics featured in each month's print issue are for three months prior to the publication of the magazine, based on the data available.

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Communication Is Key: Actions to Get the Most from a Commercial Restoration Loss

Wolgast Corporation

As a business owner who owns their building, there may be a time that you have to face damages due to emergencies, fires, floods, natural disasters, or impact. To get the most from an insurance claim involving property restoration, it is best practice to openly communicate and collaborate with both your agent and restoration company. Collectively, you are all the team to see that your goals are achieved.

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Leading the Way in Construction EHS Software

The Verdantix Green Quadrant: EHS Software 2023 is an independent third-party analysis of 23 EHS software vendors (including Intelex) that provides an in-depth look at the technical capabilities, application breadth, innovation focus, and momentum of key environmental, health, and safety management software market players. The guide is essential reading for EHS software benchmarking, especially for understanding unique vendor strengths and capabilities.

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Why Accurate Accounting Depends on Data Integration

Construction Business Owner

Why Accurate Accounting Depends on Data Integration ccapoccia Tue, 04/30/2024 - 10:00 Construction accounting is more than just tracking numbers and compiling reports. For contractors operating with increasingly thin margins, accounting is essential for building a profitable construction business. At the same time, construction accounting isn’t easy, even for the most experienced accountants.

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Empowering Your Project Team

Construction Business Owner

Empowering Your Project Team ccapoccia Tue, 04/30/2024 - 09:23 In the dynamic landscape of business, the role of the project management team in developing new business has emerged as a linchpin for organizations seeking to improve customer acquisition, growth and customer retention. Introducing a structured business development training initiative for project professionals, commonly known as a “seller-doer” program, can yield many benefits.

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The Dotted Line: What DOT’s final DBE rule means for civil contractors

Construction Dive

New guidelines released this month streamline certification, raise personal net worth limits and strengthen monitoring and prompt payment requirements.

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Outsourcing: A Strategic Imperative for the Construction Industry

Construction Business Owner

Outsourcing: A Strategic Imperative for the Construction Industry Discover how Eide Bailly helped a Northwest construction company drive growth and achieve success through outsourcing. mhodges Tue, 04/30/2024 - 12:56 Alliance Partition Systems (APS) is a steel stud framing and drywall contractor located in the Northwest United States. Since the relationship began in 2015, Eide Bailly has provided specialized expertise to support the company’s growth, including: Providing CFO-level financial g

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Baltimore bridge RFP expected in May

Construction Dive

Contractors can soon bid on projects to rebuild the collapsed Key Bridge. They can learn more from the Maryland Transportation Authority on May 7.

Baltimore 121
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Optimize Operational Processes With an Industry-Specific ERP

As the use of Enterprise Resource Planning systems in the construction industry is critical to optimizing operations, it's critical that decision makers conduct a thorough software evaluation to find the one that best aligns to their needs.

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CSI: Construction Scene Investigators

Construction Business Owner

CSI: Construction Scene Investigators ccapoccia Tue, 04/30/2024 - 14:46 Call it a guilty pleasure, but I have always been a fan of shows like “CSI: Crime Scene Investigation” (pick your city) and “Castle.” The show begins with a victim being found by some unsuspecting character, and as the story evolves, the cast picks up various clues that lead them to a dramatic television conclusion.

CSI 156
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Facing expensive climate threats, NYC’s transit system unveils a resilience plan

Construction Dive

The $6 billion effort is meant to address rising sea levels, more intense storms and extreme heat events that will impact subways, buses and commuter trains.

Plans 108
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How Digital Management Processes Can Improve Your Bottom Line

Construction Business Owner

How Digital Management Processes Can Improve Your Bottom Line ccapoccia Tue, 04/30/2024 - 09:45 In a world where the only constant is change, the construction sector is catching the digital wave, transforming its foundational bricks and mortar into pixels and data.

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Cordish Cos., Bruce Smith Enterprise to develop $1.4B Virginia casino resort

Construction Dive

A 200-room Live! Casino & Hotel will anchor the Petersburg, Virginia, mixed-use development pending voter approval.

Virginia 119
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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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An Unsteady Outlook: Financing in the Construction Sector

Construction Business Owner

An Unsteady Outlook: Financing in the Construction Sector ccapoccia Tue, 04/30/2024 - 10:11 With 2024 well underway, construction and engineering businesses may be primed for growth. But first, businesses and their ownership groups should understand the multitude of factors, on both a macro and micro scale, that lenders weigh when financing companies in the construction sector with heavy, project-based revenue streams.

Finance 156
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Subcontractor's Demolition Error Results in $10M Fix for Damaged Bridge Girders on Missouri Project

ENR Construction

The question of who will pay for at least $10 million to replace girders on I-55 near St. Louis is being sorted out between the contractor, subcontractor, insurance companies and attorneys.

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Optimize Attachments for Jobsite Success

Construction Business Owner

Optimize Attachments for Jobsite Success ccapoccia Tue, 04/30/2024 - 10:20 On today’s increasingly complex jobsites, the importance of selecting the right attachments for construction equipment can’t be overstated.

Equipment 156
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Study Finds London, New York City Among Most Expensive Cities For Construction

ENR Construction

London is the most expensive city for construction, according to the Arcadis 2024 International Construction Costs report released this month.

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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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Efficient Finance for Construction: Leveraging AI in AP

Construction Business Owner

Promote to rotator No Rotator Image Status of webinar Featured There’s a lot to know before implementing AI into your daily operations. Thu, 06/13/2024 - 12:00 1:00 p.m. Central Have you harnessed the power of AI in your organization? Artificial intelligence is a hot topic, but there’s a lot to know before implementing it into your daily operations.

Finance 156
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Vikki Hackett, the organizer

The Korte Company

Vikki Hackett is a meticulous soul. She wants, no, needs everything to be in order — or she isn’t happy. And that’s exactly the kind of attitude The Korte Company wants from a project engineer. “I’m just a double Type A personality,” she said. “I’m very, very organized. I pay attention to detail.” Her personality is ideal for construction, where organizing a ton of people and resources around one goal creates such amazing things.

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Revitalize Your Back Office & Streamline AP Processes

Construction Business Owner

Revitalize Your Back Office & Streamline AP Processes ccapoccia Tue, 04/30/2024 - 08:59 Contractors know all about risk — jobsite security, health and safety, workers’ compensation, bonding, subcontractor compliance and more. For many construction business owners, it seems like the list can go on forever. Unfortunately for some, it does. Is your back office a risk?

Revit 156
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Using Locking Hardware to Support Code-Compliant Safer School Design

BD+C

Using Locking Hardware to Support Code-Compliant Safer School Design 1 kcichowicz Tue, 04/30/2024 - 10:16 Code-compliant locking hardware is essential to safer school design. The right lock can support access control for improved school safety. Schlage Safer school design encompasses many elements of the built environment—from the property line to classroom door openings.

Design 52
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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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Feds Push Eased Energy Permits, More Funding and 100K Miles of Transmission Upgrades

ENR Construction

US Energy Dept. has aired flurry of changed permit mandates and other project boosts to meet rising demand for more and cleaner energy.

Permits 67
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Administration Permit Rule Has Deadlines, Page Limits But Still Worries Industry

ENR Construction

The White House releases a rule, effective on July 1, to ensure that climate change and environmental justice issues are considered during project NEPA reviews.

Permits 59
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Administration Blocks Alaska Mining Road, Boosts Protections for Other Federal Lands

ENR Construction

The pair of actions halt major projects to develop mining and energy resources in Alaska's interior.

Alaska 72
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Administration Rule Incorporates Deadlines and Page Limits, But Industry Groups Worry

ENR Construction

The White House releases a rule, effective on July 1, to ensure that climate change and environmental justice issues are considered during project NEPA reviews.

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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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Study Finds London, New York, Among Most Expensive Cities For Construction

ENR Construction

London is the most expensive city for construction, according to the Arcadis 2024 International Construction Costs report released this month.

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Feds Push Eased Energy Permit Rules, New Funding and 100K-Mile Transmission Upgrade Plan

ENR Construction

US Energy Dept. has aired flurry of changed permit mandates and other project boosts to meet rising demand for more and cleaner energy.

Permits 36