Fri.Sep 30, 2022

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Financial Health in Today’s Bonding Market

Construction Business Owner

Financial Health in Today’s Bonding Market. ccapoccia. Thu, 09/29/2022 - 15:48. Economic health is a huge driver of the construction industry. More than halfway through 2022, the industry has experienced rising interest rates, continued price increases, extended material lead times and persistent shortages of skilled workers. The success of managing these challenges is captured on a final scorecard — a business’s year-end financial statements.

Materials 296
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Construction Industry Trends: September 2022 Roundup

Viewpoint Construction Technology

Decreasing material costs, a push for more BIM practices, and more high-dollar projects among the construction industry headlines in September.

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Can Tech Tackle the Talent Deficit?

Construction Business Owner

Can Tech Tackle the Talent Deficit? ccapoccia. Thu, 09/29/2022 - 17:01. For decades, the construction industry has faced a steadily increasing struggle to attract and retain talent, but smart companies are recognizing that technology can be a big part of the solution. The lack of appeal among younger people — often driven by misconceptions — along with recessions, the pandemic and other factors have shrunk the available construction labor pool.

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Current Construction Cost Data CSI Masterformat

Job Order Contracting

Current Construction Cost Data CSI Masterformat is now more important than ever. 4BT exclusively offers locally researched construction cost data that is updated quarterly. Granular line-item construction cost data with labor, material, equipment, and productivity information. Organized using expanded CSI Masterformat. Over 65,000 line-items- repair, renovation, maintenance, and new build.

CSI 201
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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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3 Reasons to Consider Connected Construction Management Software

Construction Business Owner

3 Reasons to Consider Connected Construction Management Software. ccapoccia. Thu, 09/29/2022 - 16:53. Today’s contractors are swimming in data, much of which is in separate systems that don’t talk to each other, prohibiting contractors from having truly actionable data.

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7 ideas to make implementing lean more successful for your construction projects

Lets Build

The construction industry is on the rise in the UK, and the top construction professionals are looking for ways to grow their businesses, improve their operations, and increase their profits. Staying competitive in the industry relies on a simple concept: Do more of what works, and stop doing what doesn’t. That’s the lean approach. Free eBook: Quick guide to Lean practices for construction professionals. 7 tips to implement lean construction in your projects successfully.

IDEA 78
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Minn. Light Rail Project Is Nine Years Late, Billions over Budget

ENR Construction

An extension of the Southwest Light Rail Transit (Southwest LRT) in Minnesota is nine years behind schedule and $1.5 billion over budget, according to a recently released report from the state legislature’s Office of Legislative Auditor.

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A Six-Step Strategy to Reset Material and Labor Costs

Pro Builder

A Six-Step Strategy to Reset Material and Labor Costs. ldeakins. Thu, 09/29/2022 - 12:26. In collaboration with your supply chain partners and internal team, consider this approach to adjust your costs and boost housing affordability. Tony Callahan. The dramatic run-up of home building costs over the past two years, coupled with rising mortgage rates, has worsened the housing affordability crisis —but maybe not in the way you think or have heard or read about.

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Construction Economics for October 3, 2022

ENR Construction

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics.

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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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Are Gore Tex Boots Good for Snow? 

Work Gearz

Gore-Tex is a fabric membrane that is waterproof and breathable and has some very unique qualities that make it the ideal material for outdoor gear. Its microporous characteristics prevent condensation and increase breathability by deflecting water from the outside while allowing it to breathe on the inside.  It has very little water absorption, is incredibly strong, light, and long-lasting, and is robust enough to be used on all types of outdoor clothing, from jackets to gloves and hiking

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Work begins to Assess Damage Caused by Hurricane Ian

ENR Construction

While damage assessments are ongoing, Hurricane Ian had a devastating impact on much of Southwest Florida as it made landfall near Fort Myers on Sept. 28. .

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Carpenter’s Insurance: Who Needs It & Why

Levelset

Insurance is one part of a strategy to keep your carpentry business financially healthy. You can practice safety and use common sense on the job, but there’s no way to predict when accidents or injuries might occur. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Carpenter’s insurance is a financial instrument that helps protect your business if accidents, injuries, or illnesses occur in a work-related capaci

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What to Expect From a Buyer’s Market in 2023

Pro Builder

What to Expect From a Buyer’s Market in 2023. ldeakins. Thu, 09/29/2022 - 10:15. As home sales slow and sellers adjust their asking prices, buyers are gaining a bargaining advantage that could make home purchases easier for some in 2023. For the past two years, home sellers have benefited from record home price appreciation and steady buyer demand, but as elevated borrowing costs chip away at what little competition remains, buyers are gaining an upper hand, Zillow reports. .

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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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How to Increase Cash Flow for Your Construction Business When You Can’t Get the Financing You Need From the Bank

Levelset

As a commercial specialty contractor, it can be frustrating to have the crew, time, and skills you need to take on construction projects but not enough cash to purchase materials. Add in being denied a bank loan, and the frustrations mount. With your back against the wall, dipping into your personal bank account may feel like an easy solution. But when you take into account how long it takes for specialty contractors to get paid, it gets risky quickly, especially if you’re just starting out.

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Rent Is Expected to Keep Climbing in 2023, but Just How High Will It Go?

Pro Builder

Rent Is Expected to Keep Climbing in 2023, but Just How High Will It Go? ldeakins. Thu, 09/29/2022 - 10:23. Median rent fell for the first time since November last month, but renters shouldn't get their hopes up just yet, experts say. Median rent in the nation’s 50 largest cities fell by $10 last month, the first price drop recorded since November, and while that slight deceleration is being celebrated by renters across the country, the long term rental outlook isn’t as optimistic, CNBC reports.

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Army Corps Proposes $53B NY-NJ Harbor Barrier Plan

ENR Construction

Proposed infrastructure is intended to manage future coastal storm risks in and around New York City.

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How One Fintech Entrepreneur Is Working to Make Solar Affordable for Every Household

Pro Builder

How One Fintech Entrepreneur Is Working to Make Solar Affordable for Every Household. ldeakins. Thu, 09/29/2022 - 10:30. With the help of his solar loan fintech company, GoodLeap, Hayes Barnard is hoping to finance solar installations for a growing number of households across the U.S. Entrepreneur Hayes Barnard is working to help ordinary home­owners finance solar installations over a 25-year period through his fintech company, GoodLeap, which now finances a market-leading 28% of all home solar

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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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ARTBA Names WSP Exec Paula Hammond as Its First Woman Chair

ENR Construction

The former head of the Washington State Dept. of Transportation, now a senior executive at WSP USA, chairs the American Road & Transportation Builders Association for 2022-2023.

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Is an Employee Stock Ownership Plan Right for Your Construction Business?

Pro Builder

Is an Employee Stock Ownership Plan Right for Your Construction Business? ldeakins. Thu, 09/29/2022 - 10:38. Employees who are invested in the company's success may one day make the best leaders. That's where employee stock ownership plans (ESOP) come in. The majority of U.S. contractors employ 20 or fewer workers, but what happens when owners approach retirement?

Plans 52
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ARTBA Names WSP Exec Paula Hammond as Its First Female Chair

ENR Construction

The American Road & Transportation Builders Association has named Paula Hammond, former head of the Washington State Dept. of Transportation and now a senior official with WSP USA, as its chair for 2022-2023.

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American Society of Plumbing Engineers Meets - And It’s Great to Be Back

Contractor Magazine

The in-person ASPE Convention & Expo was abuzz with positivity.

ASPE 40
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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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EPA Offers Help With Jackson Water Crisis, Ongoing Repairs

ENR Construction

U.S. Environmental Protection Agency Administrator Michael Regan returned to Jackson, Miss., Sept. 26 to reaffirm his commitment to ensuring the city gets relief for its ongoing drinking water issues.

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Biggest Construction Developments of 2022 to Date and What We’re Watching

Constructlaw

With more than half of 2022 in the books, Troutman Pepper’s award-winning Construction Practice Group recaps some of the more major developments from the last year and looks ahead to what the remainder holds. Infrastructure Bill Provides Opportunities for Hydroelectric Industry. On November 5, 2021, the U.S. House of Representatives passed the more than $1.2 trillion Infrastructure Investment and Jobs Act , also known as the bipartisan infrastructure framework (BIF).

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Infrastructure Social Inequity Is Focus of Climate Week

ENR Construction

United Nations Secretary-General António Guterres called out the world’s largest emitters to do their part to reduce carbon emissions in kicking off the 77th session of the U.N. General Assembly in New York City.

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Hurricane Ian Poses High Flash Flood Risk to More Than 7.2 Million Florida Homes

Pro Builder

Hurricane Ian Poses High Flash Flood Risk to More Than 7.2 Million Florida Homes. ldeakins. Thu, 09/29/2022 - 10:42. Hurricane Ian made landfall on the western Florida peninsula this Wednesday, and as the storm surge recedes, the damage left behind will be nothing short of catastrophic . As hurricane Ian pummels a densely populated Florida coastline, CoreLogic estimates that 7.2 million single- and multifamily residences with a combined total reconstruction value of $1.6 trillion are within the

Florida 52
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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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Industry Leads for the Week of October 3, 2022

ENR Construction

Information derived from Industrial Reports, a market intelligence firm specializing in industrial construction and equipment leads.

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Senate Passes Stopgap Spending Bill, Seeking to Avoid Shutdown

ENR Construction

The bill would fund federal agencies through Dec. 16. The n ext step is a vote in the House of Representatives.

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Minnesota Light Rail Project off-track, 9 years late and billions over budget

ENR Construction