Mon.Apr 25, 2022

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3 Ways Contractors Can Mitigate the Risks Tied to Price Increases

Construction Business Owner

3 Ways Contractors Can Mitigate the Risks Tied to Price Increases. hirvin. Mon, 04/25/2022 - 10:11. “ Escalation, escalation, escalation,” is all I hear from clients and colleagues as they leave their Zoom screens and return to conferences and conventions. In summer 2020, the world saw how COVID-19-related disruptions affected global production and the supply chain.

Risk 379
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LEAN Job Order Contracting – Getting the most out of available funds

Job Order Contracting

Getting the most out of available funds requires LEAN Job Order Contracting. LEAN Job Order Contracting is an indefinite delivery, indefinite quantity program in which the costs of the project are. based on a fixed price per item (per a locally researched detailed unit price book, without “assemblies” or “systems”) and the coefficient / adjustment factor submitted by the contractor for the. contract term.

Contract 240
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How Project Managers Can Promote Principled Approaches & Better Project Results

Construction Business Owner

How Project Managers Can Promote Principled Approaches & Better Project Results. hirvin. Mon, 04/25/2022 - 11:04. B usiness ethics and corporate social responsibility are not new, but with ever-increasing public scrutiny of business practices and their impact on social and environmental welfare, these concepts have taken on profound importance in the modern business environment.

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Steinway Tower: World’s Thinnest Skyscraper

The Constructor

Steinway Tower, the world’s skinniest skyscraper, has opened for its first residents in the city of Manhattan.

News 223
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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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5 Common Incorrect Theories That Permeate & Poison the Industry

Construction Business Owner

5 Common Incorrect Theories That Permeate & Poison the Industry. hirvin. Mon, 04/25/2022 - 13:31. “ Luke, I am your father.” Surely, even without the added effect of the box fan modulating the intonation, we’ve all heard this phrase uttered by the insidious Darth Vader. Or have we? If you ask even the best Star Wars fan, you might hear this famous movie quotation misquoted.

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Encouraging Diversity in Construction

Construction Business Owner

Encouraging Diversity in Construction. hirvin. Mon, 04/25/2022 - 14:20. Molly McShane never envisioned herself as head of a commercial building company. Like her father before her, she entered the field as the result of a parental push.

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Remodeling Demand Surges as Homeowners Choose Not to Sell

Pro Builder

Remodeling Demand Surges as Homeowners Choose Not to Sell. ldeakins. Mon, 04/25/2022 - 10:17. Rising mortgage rates and waning inventory are creating a financial incentive for current homeowners to stay in place and remodel . . Remodeling demand is on the rise as unfavorable buying conditions cause many sellers to hold their upper ground and give their existing homes a makeover.

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How to Assess Your Company’s Financial Health & Simplify Expense Tracking

Construction Business Owner

How to Assess Your Company’s Financial Health & Simplify Expense Tracking. hirvin. Mon, 04/25/2022 - 16:45. B uilding the average 1,200-square-foot house requires tens of thousands of nails, thousands of board-feet of lumber and well more than a thousand feet of wiring. Every component needs to be specified, purchased, delivered, warehoused and constructed with the aid of workers, tools and heavy equipment.

Inventory 296
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Homebuyers Unable to Find Traditional Mortgages Are Trying Out Alternative Financing

Pro Builder

Homebuyers Unable to Find Traditional Mortgages Are Trying Out Alternative Financing. ldeakins. Mon, 04/25/2022 - 10:25. Some homebuyers who are unable to secure traditional mortgages are taking a risk and turning to alternative financing options that lack consumer protections. Creditworthy buyers across the U.S. are having trouble finding traditional mortgages for lower-priced properties, causing millions of Americans to turn to risky and more costly alternative financing, The New York Times re

Finance 98
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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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How to Know Whether Training Is Worth the Cost or a Waste of Resources

Construction Business Owner

How to Know Whether Training Is Worth the Cost or a Waste of Resources. hirvin. Mon, 04/25/2022 - 13:37. I s training really a waste of time and money? Many are quick to respond “yes” or “no,” but it is wise to consider a few items before answering the question. Before you even begin to respond, you must understand what training truly is. When discussing the subject, it may be easy to confuse training with formal post-secondary education.

Resource 296
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Great Southern Wood Preserving Investing $22.5M In Louisiana Expansion

Business Facilities

The YellaWood manufacturer will create 58 new jobs with the expansion of its Avoyelles Parish, LA lumber facility.

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6 Construction Business Must-Haves if You Plan to Get an SBA Loan Soon

Construction Business Owner

6 Construction Business Must-Haves if You Plan to Get an SBA Loan Soon. hirvin. Mon, 04/25/2022 - 16:33. M any businesses would wait until they need financing before checking whether they’re qualified to receive a business loan. But with the construction scene looking stronger than ever, it’s wise to use this time to prepare your requirements if you’re planning to expand anytime soon.

Plans 294
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Leaseback: Get a New Building While Keeping Capital in Your Business

Wolgast Corporation

Build to Suit. When the time comes to move your business to its own brick and mortar (or any other building material) building, or expand to a bigger building, you have an option to keep your capital in your business rather than spend it on a loan to cover construction costs. This new building can be built to suit your operational needs rather than trying to fit your operation into an existing floor plan, and with limited risk to your business.

Leases 62
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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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6 Insurance Issues to Monitor as Conflict Unfolds in Ukraine

Construction Business Owner

6 Insurance Issues to Monitor as Conflict Unfolds in Ukraine. hirvin. Mon, 04/25/2022 - 11:10. R ussia’s invasion of Ukraine has produced a long tail of consequences stretching beyond the devastating toll of human misery. Just as COVID-19 has generated a long list of unexpected consequences, this act of aggression has produced myriad business challenges.

Insurance 293
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What to Know about Lease Hold Improvements for Your Business

Wolgast Corporation

Office Remodel (Part II). As a business owner or manager, you want to make your working space comfortable, attractive and efficient for your work force. Currently popular in office settings is open daylighting, LED lamps, replaceable carpet squares and work stations with standing options. If you don’t own your building, you may feel restricted to make these changes until your ownership status changes, but it’s more likely that your landlord will be willing to work with you to make updates and ke

Leases 62
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4 Tips to Ensure You Have the Right Parts Exactly When You Need Them

Construction Business Owner

4 Tips to Ensure You Have the Right Parts Exactly When You Need Them. hirvin. Mon, 04/25/2022 - 16:23. A s supply chain issues continue to impact the inventory of construction equipment and the availability of machine parts in 2022, now it is more important than ever to have a parts strategy in place. Contractors who have a parts stockpile or a way to access critical parts can minimize and often even prevent machine downtime.

Inventory 177
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Achieving a More Efficient Office Remodel

Wolgast Corporation

Neil Frank, Wolgast’s Director of Architecture, recently designed the remodel of a client’s medical clinic. They needed to reconfigure their space for several additional exam rooms at their existing location. According to Neil, “floorplans often have wasted space that can be put to better use”. The way a building is used changes overtime, compared to the original plan.

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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 to Set, Improve & Exceed Project Productivity Expectations

Construction Business Owner

How to Set, Improve & Exceed Project Productivity Expectations. hirvin. Mon, 04/25/2022 - 09:38. T he biggest variable in construction is labor. Too many contractors finish their projects over budget on labor when crews work more hours than estimated in the bid. If your construction company self-performs work with your own crews, the key to success is making sure you bring in those labor costs on budget.

Products 156
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NFL's Tennessee Titans Make Case for New $2.2B Stadium

ENR Construction

Nashville could be the site of the latest major stadium-based construction program, under a proposal offered by the National Football League’s Tennessee Titans.

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SEMERU Uses Fieldwire to Manage the Extension of Metro Line 14 in Paris

Fieldwire

SEMERU Fayat Energie Services At-A-Glance. Location: Paris, France with projects nationwide. Employees: 327. Annual turnover: 50M euros. Expertise: equipment of transport infrastructures, supervision systems, automation, security, video surveillance and sound systems. Metro Line 14 Extension At-A-Glance. 7 new metro stations. A 14 km tunnel to equip. 50 people on-site at peak times. 600 km of cables. 500 cameras and 400 speakers installed.

Metro 52
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EPS Group Builds on Its Pandemic Lessons

ENR Construction

An entrepreneurial spirit and a focus on company culture prompt Design Firm of the Year EPS Group to pursue more diversification and geographic expansion.

Spirit 67
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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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Are Met Guard Boots Uncomfortable?

Work Gearz

Hey! Are you planning to buy a met guard boot? Bit confused if it will be comfortable? Okay, pause right here and just scroll down. You have got into the right site to wipe out all your confusion. Are Met Guard Boots uncomfortable? Yes , to tell the truth! Just try dropping a small pebble on your foot. Ouch! You know how it hurts. So, despite Met Guard Boot being uncomfortable footwear, it’s a lifesaver if you are someone who works in an industry prone to occupational hazards.

Injury 52
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Diverse Project Portfolios Enhance Regional Recovery

ENR Construction

Infrastructure, energy and health care work lead the list of new projects that are sustaining the region’s recovery from the pandemic slowdown.

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Top Construction Projects in Chicago

Autodesk Construction Cloud

Chicago is the third-largest city in the U.S., with a population of 2,670,406 people. It makes sense that a city that large would need to be continuously expanding to keep up with the growth of the population. In fact, building construction employment in the Chicago metro region reached 28,400 in December 2021. This is an increase of 11% (2,700 jobs) compared to December 2020.

Chicago 52
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Closing Costs Are Reaching New Highs

Pro Builder

Closing Costs Are Reaching New Highs. ldeakins. Mon, 04/25/2022 - 10:12. The latest roadblock in an ongoing affordability crisis is the result of soaring closing costs on home purchases, making it difficult for first-time buyers to close on home sales in an already pricey market. Not only are record-high home prices and surging mortgage rates putting financial pressure on prospective buyers, but rising closing costs are also making homeownership an increasingly unaffordable objective nationwide,

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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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What Is Tray Ceilings | How To Install Tray Ceiling | Top 5 Tray Ceilings Idea | Best Trey Ceiling For Home

Civiconcepts

Introduction To Tray Ceiling Tray Ceiling means making a central portion of the ceiling higher than a perimeter of the ceiling, also the shape of this raised portion of the … What Is Tray Ceilings | How To Install Tray Ceiling | Top 5 Tray Ceilings Idea | Best Trey Ceiling For Home Read More ».

IDEA 52
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Fewer Prospective Buyers Are Actively Making Home Purchases in 2022

Pro Builder

Fewer Prospective Buyers Are Actively Making Home Purchases in 2022. ldeakins. Mon, 04/25/2022 - 10:21. The share of prospective buyers actively looking for a home dropped significantly from 2021 to 2022 as mortgage rates continue to rise and inventory drops to a new low. Motivated by historically low mortgage rates and a larger share of homes for sale nationwide, 61% of prospective homebuyers in 2021 were actively trying to purchase homes.

NAHB 52
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Feds OK Continued Study of New Chesapeake Bay Crossing

ENR Construction

Maryland has received federal approval to conduct an environmental study to help find a location for a new Chesapeake Bay crossing.