Construction Business Owner

MAY 16, 2023

The Importance of Accounting Estimates in an Uncertain Economy ccapoccia Tue, 05/16/2023 - 13:49 “A journey of a thousand miles begins with a single step,” was the saying of Lao Tzu, an ancient Chinese philosopher. Understanding this basic principle sheds light on the most fundamental element at the heart of every construction firm’s finances: accounting estimates, specifically related to job costing.

Accounting 156

Accounting Estimating Finance Bidding 156

Contractor Magazine

MAY 16, 2023

Week 3 of the Code Council’s Building Safety Month campaign provides resources and tools to help protect against disasters.

Safety 40

Safety Resource 40

Construction Business Owner

MAY 16, 2023

4 Reasons Skilled Trades Are More Important Than Ever ccapoccia Tue, 05/16/2023 - 15:39 The past three years have shown the world what many of us already knew: Skilled trade jobs directly and indirectly impact nearly every facet of American life.

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US 316

Job Order Contracting

MAY 16, 2023

2023 Collaborative Job Order Contracting is far superior to “traditional” JOC Program approaches. Looking to improve how your teams work together? Streamline workflows Reduce bottlenecks Empowering teams Multiple JOC Program audits confirm what most owners already know. JOC Programs must be collaborative with all parties working in a compliant, fully transparent environment, and towards mutually beneficial well-defined goals.

Contract 217

Contract Documentation Accounting Consulting 217

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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.

Software

Construction Business Owner

MAY 16, 2023

CONEXPO-CON/AGG 2023 ccapoccia Tue, 05/16/2023 - 14:56 CONEXPO-CON/AGG 2023, the largest trade show in North America, took place March 14-18 in Las Vegas, Nevada. This year’s installment exceeded expectations with a record-breaking 139,000 registered attendees (a 6% increase from 2020), more than 3 million net square feet of exhibits (10.5% larger than 2020) and 2,400 exhibitors from 36 countries — with 603 new exhibitors.

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Las Vegas Nevada America 295

Construction Business Owner

MAY 16, 2023

Lower Your Margins or Win Higher-Margin Work? ccapoccia Tue, 05/16/2023 - 13:26 “How can you make any money competing against seven to 10 other construction companies for jobs awarded based solely on the lowest price?” This is a common frustration among contractors who aren’t willing to take a hard look at their business model and determine what they must do to improve their bottom line.

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Bidding Modeling Contractors Construction 294

Construction Enquirer

MAY 16, 2023

Plans for a city village in Sheffield are set to forge ahead after the city council signed a development deal with regeneration specialist Citu. The 23-acre urban regeneration scheme known as Attercliffe Waterside scheme will transform brownfield land either side of the Sheffield and Tinsley Canal. It will become one of the largest zero carbon communities in the UK, featuring more than 1,000 homes alongside creative workspaces, an arts venue and shops.

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Agreement Deals Housing Innovation 113

Construction Business Owner

MAY 16, 2023

The Foundations of Operational Excellence (Part 3 of 4) ccapoccia Tue, 05/16/2023 - 13:37 Operationally superior engineering and construction (E&C) firms continuously implement changes to processes and procedures to make sure they’re operating at the highest level. Creating an operationally superior E&C firm, whether you’re a general contractor or a specialty trade contractor, takes diligence, continuous review and constant changes to processes and procedures.

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Foundation Documentation Contractors Engineering 293

Construction Enquirer

MAY 16, 2023

Cladding contractor FK Construction has won a high court ruling enforcing an adjudication requiring ISG pay it £1.69m. ISG challenged the adjudicator’s award relating to Project Barberry, a warehouse project at an industrial park in Avonmouth Docks. The payment dispute over the £3.4m cladding subcontract arose when FK issued a £1.69m application for payment which was greeted with a payless notice and then not paid.

Subcontracting 110

Subcontracting Claims Accounting Contractors 110

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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.

Industrial

Construction Business Owner

MAY 16, 2023

3 ways to use Financial Performance Management Tech to Capitalize on IIJA Funding ccapoccia Tue, 05/16/2023 - 15:16 New legislation brings considerable impacts to the construction industry. One piece of legislation in particular, the Infrastructure Investment and Jobs Act (IIJA), a law enacted by Congress in November 2021, presents the largest long-term investment in infrastructure in U.S. history.

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Management Infrastructure Roads Industrial 284

Construction Enquirer

MAY 16, 2023

London Borough of Redbridge has signed a £50m deal with Lovell Partnerships to deliver a near 160-home scheme on the site of a former school in Ilford. DDS Demolition has started site clearance and enabling works at the Loxford Lane site with the aim of starting piling works in August. The homes to be built will be a mixture of 1, 2 and 3-bed flats spread across four blocks of between 5 and 7 storeys as well as 17 family houses.

Deals 101

Deals Site Green Housing 101

Construction Business Owner

MAY 16, 2023

What Can Construction Learn From Netflix? ccapoccia Tue, 05/16/2023 - 16:26 Netflix is a company many of us wanted to root for — America loves an underdog story.

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Construction America US 296

Jobsite with Procore

MAY 16, 2023

It’s an essential part of every construction leader’s job to ensure their budget and resources are driving efficiency and creating value for the business. This often includes evaluating new technology investments not just for how well they function, but whether the benefit actually justifies the cost. Without proper scrutiny, what may seem like a great arrangement today could cost a lot more down the line.

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Risk Budgeting Budget Construction 96

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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?

Procurement

Construction Business Owner

MAY 16, 2023

What to Consider Before Converting Utility Fleets to Electric ccapoccia Tue, 05/16/2023 - 15:48 The “greening” of U.S. utilities is underway. Here, greening refers to the process of transforming practices to be more environmentally conscious. The U.S. has committed to reducing greenhouse gas pollution by 50% to 52% from 2005 levels, and with electric utility production accounting for 25% of those emissions, utilities are under pressure to turn to cleaner sources of energy.

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Electrical Green Accounting Plans 207

Construction Enquirer

MAY 16, 2023

Developer Landsec has confirmed that it will now steam ahead with two major London commercial schemes after putting them both on go slow late last year. The firm confirmed this morning that it had sanctioned full building go-ahead on its Timber Square office build in SE1 and the refurbishment of the 1960s Portland House office block in SW1, which have a combined total development cost of £780m.

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Office Portland Leases Housing 94

Construction Business Owner

MAY 16, 2023

Does Your Contract Protect Your Company? ccapoccia Tue, 05/16/2023 - 14:23 There is uncertainty in the economy. Rising interest rates, shortage of labor, the war in Ukraine, post-pandemic catch-up in supply chains and other factors continue to cause costs of goods to rise. The construction industry is not immune from the rising costs in supply chain goods and services; when the prices of goods and services increase, construction incurs delays and, under certain circumstances, results in a comp

Contract 177

Contract Industrial Construction 177

Construction Enquirer

MAY 16, 2023

The National Access & Scaffolding Confederation (NASC) has released its annual Safety Report showing the lowest rates of accidents among NASC contractor members since records began – indisputably proving that audited, regulated, NASC membership leads to safe scaffolding and access operations. The scaffold trade body’s 240+ contracting member firms recorded a reduction in RIDDORs of 90 in 2021, to 67 in 2022 – representing a 26% RIDDOR accident rate reduction in 2022 (with a 63% reduction in

Accidents 93

Accidents Contractors Safety Regulation 93

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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.

Contractors

Construction Business Owner

MAY 16, 2023

How to Use Legal Finance to Handle a Rise in Disputes ccapoccia Tue, 05/16/2023 - 15:31 The construction industry has faced a number of challenges in recent years with the effects of COVID-19, record levels of inflation and the Russia-Ukraine conflict all having a knock-on impact on the sector.

Legal 156

Legal Finance Industrial Construction 156

Construction Enquirer

MAY 16, 2023

RED Construction South West has started on site to deliver the £22m 4-star Zeal Hotel in Exeter, following planning consent. The pioneering Zeal hotel will include the integration of renewable energy sources both on and within the building fabric, to deliver an exceptionally low Energy Usage Intensity below 55kWh/m 2 , generating more energy each year than it consumes.

Electrical 92

Electrical Fabrication Conference Plans 92

Construction Business Owner

MAY 16, 2023

Inside the 2023 Outlook for Equipment Acquisition & Financing ccapoccia Tue, 05/16/2023 - 16:08 Each year brings new challenges that construction businesses must navigate to be profitable and grow. The equipment-intensive nature of the construction industry increases the impact of interest rate increases, inflationary pressures and other volatile economic and market conditions.

Finance 156

Finance Equipment Leases Foundation 156

Construction Dive

MAY 16, 2023

Thu-Loan Dinh, who helps lead infrastructure design for the city’s Department of Design and Construction, talks about the agency’s biggest resilience concerns and how to address them.

Infrastructure 90

Infrastructure Design Construction 90

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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!

Contractors

Construction Business Owner

MAY 16, 2023

Staying on Top of Equipment Maintenance & Inspections ccapoccia Tue, 05/16/2023 - 16:19 As worksites become more complex, and machinery continues to evolve, companies face challenges with equipment ready to perform when needed. There is a vital safety, productivity and financial case for contractors to conduct regular maintenance and inspections that help keep their equipment operating at high levels, so project schedules and budgets stay on track.

Inspections 156

Inspections Equipment Budgeting Budget 156

Construction Enquirer

MAY 16, 2023

Higgins Partnerships has been appointed by Hammersmith & Fulham Council to deliver 134 new homes on the former site of Hartopp Point and Lannoy Point. The 1960s 14-storey towers on the Aintree Estate have been demolished and will be replaced by high-quality homes built to Passivhaus Classic Standards across three buildings ranging in height from three to seven storeys.

Fabrication 91

Fabrication Drawings Design Consulting 91

Construction Business Owner

MAY 16, 2023

Challenging a Fundamental Misconception About Grad Students ccapoccia Tue, 05/16/2023 - 14:30 While many companies make substantial investments in targeting and hiring undergraduate students, fewer consider graduate students due to a fundamental misconception about applicants who hold advanced degrees. By understanding this misconception, construction industry recruiters can open an additional pipeline for talent in the industry.

Industrial 156

Industrial Construction 156

Construction Enquirer

MAY 16, 2023

Bradford Council has signed a pre-development deal to work with The English Cities Fund to deliver a city village of 1,000 homes in the heart of the city centre. ECF is a strategic joint venture between regeneration specialist Muse, investor Legal & General and the government’s housing agency, Homes England. The partners will now explore and shape the key elements for delivery, funding and phasing of City Village, which will include the former Kirkgate and Oastler Markets area of the city.

Deals 87

Deals Legal Green Infrastructure 87

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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!

Construction

Construction Business Owner

MAY 16, 2023

Apprenticeship Programs Can’t Do It Alone ccapoccia Tue, 05/16/2023 - 14:49 The National Center for Construction Education & Research (NCCER) commends all apprentices currently training in the U.S. to become construction craft professionals. However, as the construction workforce ages, the industry is at a critical crossroads. The following are three additional observations. 1.

Education 156

Education Industrial Construction 156

Construction Enquirer

MAY 16, 2023

Orpington based regional contractor Neilcott is strengthening its geographical coverage around London and the South East by establishing a third regional office in Hertfordshire, to supplement existing bases in Winchester and the central London Fit Out division. The strategic northern base opens this month and will extend Neilcott’s presence around the capital and the surrounding counties.

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Office Contractors Management Construction 79

Construction Dive

MAY 16, 2023

CEO Bob Pragada recently pinpointed advanced manufacturing projects as one of its target sectors for growth.

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