Fri.Apr 15, 2022

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How to Improve Your Construction Skills

Lets Build

Digital technologies and methodologies are changing how construction professionals work. Earlier this year, Marzia Bolpagni of Mace introduced five key concepts that those in the industry need to master to stay relevant and competitive in the future. We’ll cover those five concepts and leave you with some resources to start sharpening your construction skills for Industry 4.0. 5 key building and construction skills to master in 2022.

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Sellers Are Dropping Asking Prices as Housing Demand Slows

Pro Builder

Sellers Are Dropping Asking Prices as Housing Demand Slows. ldeakins. Fri, 04/15/2022 - 10:16. Elevated housing costs are causing buyers to pull back from home purchases, leaving sellers with no choice but to lower their price tags. At a time when homebuying demand is usually skyrocketing after the winter months, unfavorable market conditions are instead causing a drop in buyer activity all across the U.S., Redfin reports.

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Mayer Building Company for Subcontractors: Payment Guide & Resources

Levelset

For subcontractors looking to work with Mayer Building Company (MBC), it’s helpful to research the company’s history, past projects, and payment procedures. Establishing a relationship with a new GC requires careful consideration — especially if you want to get paid on time and in full. . We’ve put together this guide to provide you with the information you need to decide if working with Mayer Building Company is the right choice for you. .

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Mortgage Rates Are up to 5% For the First Time in Over a Decade

Pro Builder

Mortgage Rates Are up to 5% For the First Time in Over a Decade. ldeakins. Fri, 04/15/2022 - 10:19. It seems that the days of ultra-low mortgage rates are behind us, at least for the time being, experts say. For the first time in over a decade, the average 30-year fixed-rate mortgage climbed to 5% at the start of April after falling to an all-time low during the pandemic.

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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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Four Key Areas To Evaluate In Your Construction Business Budget

Contractor Bookkeeping

With the potential for business life to return to something resembling normal, it's good to look at your budget and see where you may need to shift some of your priorities. Pay attention to how your spending over the past few years affected your business and either helped you achieve or took you away from your overall goals. Considering how your business and your employees functioned in recent years can help you predict upcoming trends, enabling you to plan for adjustments.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. But insurance companies often drag their feet, and payments can take even longer than normal.

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Remodeling Sentiment Remains High in the First Quarter of 2022

Pro Builder

Remodeling Sentiment Remains High in the First Quarter of 2022. ldeakins. Fri, 04/15/2022 - 10:22. Remodeling market conditions are stable year-over-year, and remodelers are enthusiastic about more growth in the year ahead. . The 2022 Remodeling Market Index (RMI) from NAHB and Westlake Royal revealed positive remodeler sentiment and unchanged market conditions from the first quarter of 2021.

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JLL Launches 2022 Construction Outlook

Construction Superintendent Magazine

The construction industry entered 2022 alongside broad economic recovery from the COVID-19 pandemic, with an outlook tempered by record high materials costs, construction labor shortages and continuing supply chain disruptions. Hopes for a near-term return to normal were dashed by the Russian invasion of Ukraine late in the first quarter, as the conflict and global economic sanctions have further disrupted critical material markets.

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Elevated Mortgage Rates, Home Prices Could Signal a Slowdown, Experts Say

Pro Builder

Elevated Mortgage Rates, Home Prices Could Signal a Slowdown, Experts Say. ldeakins. Fri, 04/15/2022 - 10:29. Homebuying prospects may seem bleak amid heightened interest rates and home prices, but relief is in sight, some market experts say. Homebuyers delayed by record-high prices and a supply deficit during the pandemic are finally deciding to jump into action post-pandemic, but many are finding unchanged market conditions, and in some cases, even more volatility than before.

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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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Balfour Beatty Wins $698M Fort Meade Project Contract

ENR Construction

Officials say the Maryland facility will not follow "a standard design.".