Fri.Apr 01, 2022

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U.S. Market Outlook – 2022 and Beyond

Job Order Contracting

SUMMARY – Moderate Growth Anticipated for the next Decade. General Market. Q4 2021 – 6.9% annualized growth. 2021 – 5.5% annual growth. Inflation – 6%-7%. Rising Interest Rates. Construction Sector. Continued supply chain disruption and sourcing challenges. Delivery time and profit margin volatility. Labor shortages. Commodity cost volatility. via Four BT, LLC – www.4bt.us – Integrated robust construction planning, procurement, and project delivery solutions.

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What is Construction Mortgage?

The Constructor

Construction mortgages or construction loans are short-term loans designed to finance the construction of a home. Construction mortgages require.

professionals

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Job Order Contracting Best Management Practices – Contractor Evaluation

Job Order Contracting

Job Order Contracting Best Management Practices – Contractor Evaluation. Did the Contractor respond to the request for a Joint Site Visit / Joint Scope Meeting (JSM) in a timely manner? Contractor attend the JSM on time with appropriate personnel? Did the Contractor collaborate to help refine/define a detailed Scope of Work (SOW)? Did the Contractor thoroughly investigate the project/work order requirements?

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Design Ideas for Cost-Efficient Single-Family Detached Homes

Pro Builder

Design Ideas for Cost-Efficient Single-Family Detached Homes. ibush. Fri, 04/01/2022 - 07:00. Detached-home solutions ranging from 900 to 2,300 square feet that offer attainable single-family housing with flair. Creating attainable single-family detached homes was really difficult before the pandemic. Now, with material supply shortages and ever-escalating sales prices, the challenge has become even more intense while the need has never been more critical.

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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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Bamboo Flooring Pros and Cons | Top 5 Pros and Cons of Bamboo Flooring

Civiconcepts

What Is Bamboo Flooring? Bamboo is a good building material as flooring tends to be resisting termite attacks and water as compared to any other type of hardwood. Nowadays bamboo … Bamboo Flooring Pros and Cons | Top 5 Pros and Cons of Bamboo Flooring Read More ».

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Unlocking the Power of Data Through Construction Ecosystems? 

Autodesk Construction Cloud

In construction, data flow across project teams and phases is essential to meeting key milestones and tracking performance metrics.?But connecting data can be a hurdle on jobsites, particularly when coordinating construction resource management and Advanced Work Packaging (AWP) , which require ample planning and collaboration. ? . In our recent webinar, we discussed the common challenges around work packaging, construction resource management , and data with our partners, Intelliwave Technologi

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How the Current Housing Boom Differs From the Bubble and Bust

Pro Builder

How the Current Housing Boom Differs From the Bubble and Bust. ldeakins. Fri, 04/01/2022 - 10:19. A heated housing market is cause for concern among economists and homebuyers alike, but the end result could be a gradual cooldown rather than another bust. Though many housing experts and economists are turning their attention to the mid-00s housing bubble and subsequent bust in comparison to current market conditions, the latest housing boom is much more stable, says Bill McBride in the Calculated

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QuickBooks Clean Up To Reduce Taxes And Fees For Contractors

Contractor Bookkeeping

Contractors who ask for help in Cleaning Up their QuickBooks Files before filing taxes have better results than those that do not. The Tax Accountant is happier because the QuickBooks file is clean and easier to work with. They will likely find more deductions that can save you money and, in some cases, mean the difference between success and failure in your construction company.

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A Sales and Marketing Approach to Workforce Development

Pro Builder

A Sales and Marketing Approach to Workforce Development. ldeakins. Fri, 04/01/2022 - 07:00. Want to find new skilled workers? Home builders should consider engaging their sales and marketing teams to take a fresh look and approach to recruiting and retention. Mollie Elkman and Thaïs Cuffy. The National Association of Home Builders (NAHB) estimates the construction industry needs to add 2.2 million new workers by 2025 to keep pace with demand.

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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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March / April 2022 Issue (Volume 55, Number 2)

Business Facilities

Business Facilities' March / April 2022 issue focuses on the global supply chain, logistics, foreign direct investment, industrial parks, manufacturing, life sciences, and more.

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Atlanta Water Supply Program Recognized as Top Water/Wastewater Project in U.S.

PC Construction

This morning, the PC Construction and H. J. Russell & Company joint venture team proudly accepted a national Best of the Best Award from Engineering News-Record. The project, the Atlanta Water Supply Program, was named. The post Atlanta Water Supply Program Recognized as Top Water/Wastewater Project in U.S. first appeared on PC Construction Company Blog.

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[VIDEO] Made Possible in Lehigh Valley

Business Facilities

The region has been recognized as one of the fastest-growing economies in the nation and is just a short drive away from major mid-Atlantic cities including New York City, Philadelphia, Baltimore, and Washington D.C.

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Russia Cost Hikes May Fall on Contractors, Not Owners, Expert Says

ENR Construction

Ukraine invasion may have long-lasting impacts on materials and other aspects of project work, construction economist Anirban Basu told an owners' group on April 1.

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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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Changwon, South Korea LG Smart Park Named WEF Lighthouse Factory

Business Facilities

LG Smart Park in Changwon, South Korea has been selected as a Lighthouse Factory by the World Economic Forum (WEF).

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Behind the Build: Interview with Mark Decker, Sr. Manager of BIM at CDM Smith

Autodesk Construction Cloud

BIM Managers carry the burden of having to make clear, quick, and concise decisions. Under their direction, data and digital workflows are continuously scrutinized and improved upon with the goal of supporting stakeholder collaboration and ultimately, successful project delivery. . For Mark Decker , Senior Manager of Building Information Modeling (BIM) at CDM Smith , it’s choosing and leveraging the right technology to enable him, his firm, and his clients to reach or exceed expected outcomes.

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ZIN Technologies Expanding Operations In Northeast Ohio

Business Facilities

Developer of space flight hardware ZIN Technologies will create 125 new jobs at its its Middleburg Heights, OH facility.

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Construction Site Theft: Impact and Prevention

Levelset

As a contractor or sub, you can expect to incur many costs during the course of a construction project. Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. However, there is one very expensive cost that isn’t so cut and dry: construction site theft. Theft from construction sites is a serious issue, and it costs contractors a lot of money each year.

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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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Housing Prices Are Reaching New Highs, but Experts Aren’t Anticipating Another Bubble

Pro Builder

Housing Prices Are Reaching New Highs, but Experts Aren’t Anticipating Another Bubble. ldeakins. Fri, 04/01/2022 - 10:11. The average list price rose to a new high across the U.S. at the end of March, but according to some housing experts, a late 2000s-esque housing bubble isn’t a likely scenario. The S&P CoreLogic 20-City Home Price Index was up 19.1% year-over-year in January, and elevated mortgage rates are pushing affordability even farther out of reach for a growing share of buyers, but hou

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Can Restoration & Remediation Contractors File a Mechanics Lien?

Levelset

Restoration and remediation contractors provide a unique blend of services. A lot of what they do is clean up and hazard removal, but many also provide reconstruction services to get buildings back to the way they were before the disaster. The variety of services they provide can create a lot of confusion around their right to file a mechanics lien if they don’t get paid.

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Buyers Are Turning to Risky Adjustable-Rate Mortgages as Housing Prices Rise

Pro Builder

Buyers Are Turning to Risky Adjustable-Rate Mortgages as Housing Prices Rise. ldeakins. Fri, 04/01/2022 - 10:15. Adjustable-rate mortgages were one of the causes of the Great Recession in 2007, and as housing prices escalate to new record highs, they’re making a comeback nationwide. As home prices and mortgage rates surge to new highs, some buyers are turning to adjustable-rate mortgages (ARMs) as a cost-friendly but risky home financing option.

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Backpedalling on procurement reform

Construction Law

Some encouraging activity has been seen on the public procurement front recently, all well reported on in Construction Law. Professor David Mosey’s recent report on frameworks has been a stand out contribution. Two pieces of news however may have sent some alarm bells ringing. The appointment of Jacob Rees-Mogg as the Secretary of State for Government Efficiency can’t have raised many hopes for the radical reform needed to create the modern, efficient procurement system that the UK lacks.

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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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Americans Hindered by Low Housing Affordability Want Action From Policymakers

Pro Builder

Americans Hindered by Low Housing Affordability Want Action From Policymakers. ldeakins. Fri, 04/01/2022 - 10:22. Over 75% of all Americans are impacted by a lack of affordable housing, and they're growing impatient with seemingly apathetic policymakers. In a recent survey conducted by Morning Consult on behalf of NAHB, 82% of Americans agreed that policymakers should consider housing affordability when creating new legislation and regulations.

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Can Kevlar Be Cut? (Facts and Myths)

Work Gearz

How do you cut something that can be 5 times tougher than steel, excessively resistant to heat and abrasion, and used to make bulletproof uniforms? Well, we’re sure you’ve already understood that we’re talking about Kevlar. The sheer strength of Kevlar naturally gives rise to the question: whether or not you can cut Kevlar? Although the strength of Kevlar is unparalleled, the very fact that it is used to manufacture so many products makes it clear that Kevlar can indeed be cut.

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Developing A Project Charter

cnstrctr

Build trust and cooperation into your project.

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7 Reasons Polyester Not Suitable for Summer

Work Gearz

When it is about 60 or 70 degrees outside and you are sweating like a pig, the last thing you would want is a garment that traps in heat and makes you uncomfy. Summers seem good as long as you are tanning at the beach or pool-side sipping on some iced tea or lemonade. As soon as the sticky sweaty days barge in, everybody swears in exhaustion for the scorching heat to end.

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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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Construction Jobs Rise Again, 19K Are Added in March

ENR Construction

Industry employment tops pre-pandemic peak for the first time, BLS says.

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How Do I Shrink My Bib Overalls?

Work Gearz

Bib overalls do have an upper hand over coveralls as they do look more stylish and feel more comfortable. Since they are worn instead of pants with the bib like part covering the front of the torso they should fit perfectly if you are looks for a clean look and comfortable time in it. Since the straps of the bib goes over the shoulders people often look for bib overalls that have a slightly loose fit, so as to ensure that the straps won’t cut into the shoulders.

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Nonresidential Construction Adds 11,300 Jobs in March

Contractor Magazine

Employment now exceeds pre-pandemic levels, says ABC.

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