Fri.Sep 23, 2022

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How To Raise Your Prices: Value Over Price

Contractor Bookkeeping

As prices continue to rise, you've likely noticed that your cost of doing business has increased as well. After all, the main point of any business is to make money, and you can't do that if you're no longer breaking even. It's inevitable in every industry – you must raise your prices to continue making a profit. Many factors decide how much to charge, all of which are dynamic.

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What the Fed’s Most Recent Rate Hike Means for Homebuyers—Good and Bad News

Pro Builder

What the Fed’s Most Recent Rate Hike Means for Homebuyers—Good and Bad News. ldeakins. Fri, 09/23/2022 - 10:29. The 30-year fixed-rate mortgage just surpassed 6%, and while pricier borrowing costs will push homeownership out of reach for some would-be buyers, others will benefit from less competition and more bargaining power . The Federal Reserve raised its short term interest rates by three-quarters of a percentage point on Wednesday, further exacerbating a housing affordability crisis more th

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Home Builders and Developers Beware: SC Supreme Court Beats Up Hybrid Arbitration Clauses Mercilessly

Best Practices Construction Law

Today’s guest post is by one of my favorite construction lawyers and friends, Burr partner Ned Nicholson in our Columbia, SC office. Ned regularly represents clients in construction defect and compensation claims, manufacturer/dealer disputes, and insurance coverage lawsuits. He is also a South Carolina certified mediator. Ned can be reached at nnicholson@burr.com or (803) 799-9800.

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EPA Awards $1.3B for Water Infrastructure Projects in 18 States

ENR Construction

Agency says it will distribute $44 billion over five years for drinking water and clean water infrastructure projects under the 2021 Infrastructure Investment and Jobs Act.

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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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Does GC Insurance Cover Subcontractors?

Levelset

Accidents happen, especially in construction. Between miscommunication, the wrong specifications, carelessness, or events out of anyone’s control, things can go wrong, and the damages can be expensive. General contractors know these risks when they take the role. Luckily, that’s what insurance is for, right? But what if the general contractor isn’t at fault, and a subcontractor is to blame?

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7 Simple Wall Painting Ideas for Your Room

Learn Civil Engineering

Splashing on a fresh cost of paint in your room is the cheapest, easiest, and fastest way to add a refreshing touch to your beautiful interiors. Apart from covering your walls with aesthetics, simple wall painting ideas can be used as the room’s decor or accent. With a little bit of imagination and some artistic […].

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Housing Demand and Supply May Be Falling, but Home Prices Haven’t Stopped Rising

Pro Builder

Housing Demand and Supply May Be Falling, but Home Prices Haven’t Stopped Rising. ldeakins. Fri, 09/23/2022 - 11:48. The housing market is rebalancing after years of red-hot home sales, but while supply and demand are falling, home prices have yet to fall from record highs. As mortgage rates climb beyond 6%, prospective buyers are putting their home purchasing plans on the back burner while homeowners are becoming more hesitant to list their properties and enter into the opposite end of a volati

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The Pros and Cons of Buying a House

Civiconcepts

Are you thinking of buying a property? Do you want to know some of the pros and cons of buying a house? This blog post will look at some key … The Pros and Cons of Buying a House Read More ».

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As 30-Year Fixed Mortgage Rates Rise, Are ARMs a Better Option?

Pro Builder

As 30-Year Fixed Mortgage Rates Rise, Are ARMs a Better Option? ldeakins. Fri, 09/23/2022 - 11:52. Buying a home is becoming increasingly unaffordable as borrowing costs and home prices inch ever-higher, but adjustable-rate mortgages (ARMs) might offer a solution. Mortgage rates are surging to new highs in tandem with the Federal Reserve’s upward pressure on the federal funds rate to control inflation, and in response, home sales, construction volumes, and home prices in the nation’s hottest mar

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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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California Regulator Adopts Plan to Ban New Natural Gas Heaters

ENR Construction

State Air Resources Board is developing a standard to require that new space and water heaters release zero emissions starting in 2030.

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The Fed Ups Its Pressure on the Housing Market, Amplifying Recession Fears

Pro Builder

The Fed Ups Its Pressure on the Housing Market, Amplifying Recession Fears. ldeakins. Fri, 09/23/2022 - 11:56. The Federal Reserve raised the 30-year fixed-rate mortgage yet again on Wednesday, and with more gains expected in the months ahead, housing experts warn a recession could soon follow. In keeping with its consistent and aggressive rate hikes meant to cool runaway inflation in the U.S. economy, the Federal Reserve raised the federal funds target rate by 75 basis points on Wednesday, and

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Racist Graffiti Found at $1.5B Meta Data Center Construction Site in Nebraska

ENR Construction

Two incidences of racial graffiti were found at a Meta data center construction project in Nebraska in September.

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What Is Integrated Project Delivery (IPD)?

Lets Build

Integrated project delivery (IPD) is a methodology designed to address the declining productivity and efficiency throughout the construction industry due to poor communication among project stakeholders. Imagine a world where: All contractors, suppliers, owners, and stakeholders are involved with the project from the design process to completion. Communications throughout the project are clear and concise with a focus on transparency and trust.

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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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NJ Ups Offshore Wind Energy Build Goal 50% to 11,000 MW by 2040

ENR Construction

Gov. Phil Murphy boosts target from 7,500 MW by 2035, in a Sept. 21 executive order, which also directs regulators to study another increase to reach the state plan for 100% clean energy by 2050.

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