Mon.Aug 15, 2022

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5 Key Financial Ratios Used in Construction Business

The Constructor

Financial ratios are key parameters that help in understanding the financial health of a construction business clearly and effortlessly. They are a lifesaver when it is hard to determine the financial status of the company from a set of standard financial statements and documents. Financial ratios give a quick and accurate indication of the company’s […].

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Collaboration in Construction is NOT a CHOICE

Job Order Contracting

Collaboration in construction is not a choice if your goals are consistent quality, on time and on budget repair, renovation, maintenance, and new build outcomes. Integrated planning, procurement, and project delivery terms leveraging a robust process and common data, including granular, locally researched labor, material, labor, and equipment, organized via expanding CSI Masterformat as also requisite components.

CSI 200
professionals

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Construction Job Search? Make Your Résumé Shine With These Tips

Pro Builder

Construction Job Search? Make Your Résumé Shine With These Tips. ibush. Mon, 08/15/2022 - 14:01. Résumé-writing advice for construction industry job seekers. Madeline Miller. If you're asking yourself, Do construction workers need a résumé? The answer is yes. Your résumé demonstrates all of your best qualifications, giving potential employers a sense of what skills you bring and whether you will be a good fit for the job they are seeking to fill.

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The Inflation Reduction Act Of 2022: Reactions And Predictions

Business Facilities

As this wide sweeping legislation makes its way to the President's desk, organizations across the U.S. and the globe explore the opportunities and challenges.

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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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David Drees: Best Practices for Managing a Private Home Building Operation  

Pro Builder

David Drees: Best Practices for Managing a Private Home Building Operation . ibush. Mon, 08/15/2022 - 08:37. At Drees Homes, our family legacy runs four generations deep. We pride ourselves on quality and integrity because when it comes to the largest financial investment our customers can make, experience and commitment to excellence matter. . Although we’ve been building homes for nearly 95 years, this is Drees Homes ’ first time being recognized as one of the nation’s Best Managed Companies

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In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs

Pro Builder

In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs. ldeakins. Mon, 08/15/2022 - 10:43. Fixing the affordability crisis means building more homes, but rising construction costs pose a lingering challenge. The mid-pandemic housing boom is tapering off as inflation and elevated interest rates make homeownership increasingly unaffordable for a growing number of Americans, but despite softening demand, home prices are still on the rise.

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Governor’s Report: No Slowing Down For Arizona

Business Facilities

Post-pandemic growth is propelled by policies that keep an eye on what companies are seeking for success. .

Arizona 111
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Energy Transfer Convicted of Criminal Charges on Pennsylvania Gas Projects

ENR Construction

In "no contest" plea deal related to numerous state violations on key Mariner East 2 and Revolution gas liquids projects, Texas developer will pay $10 million for local water improvement projects.

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The Hurdles of Assessing Credit in Construction — and How Experts Overcome Them

Levelset

In the construction industry, where credit is an integral part of companies’ processes , credit teams have to assess the creditworthiness of their customers individually, and it’s neither a straightforward nor simple process. In fact, many contractors and credit managers alike may come up against a number of challenges when it comes to figuring out a business’ creditworthiness.

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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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OSHA Delays Proposal to Revoke Arizona's State-run Safety Enforcement

ENR Construction

The Dept. of Labor is reopening a public comment period ot its proposal to revoke permission for Arizona's state safety plan after officials moved to address OSHA's concerns.

Arizona 69
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Construction Cost Relief May Be Coming From Materials With These Key Characteristics

Pro Builder

Construction Cost Relief May Be Coming From Materials With These Key Characteristics. ldeakins. Mon, 08/15/2022 - 10:51. In the event of a recession, these in-demand products could come at discounted prices. Builders have been burdened by price hikes and backlogs for essential materials throughout the past two years, but construction cost relief may be coming ahead of a potential recession in the year ahead.

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Provincetown Races to Repair Sewer System Following Storm

ENR Construction

Provincetown, Mass. was hit hard on Aug. 9 by a severe storm that damaged the public vacuum sewer system, forcing the closure of many restaurants and public restrooms in peak vacation season.

Sewer 68
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Refinance, Purchase Activity Slows as Mortgage Rates Surge

Pro Builder

Refinance, Purchase Activity Slows as Mortgage Rates Surge. ldeakins. Mon, 08/15/2022 - 10:57. A sharp slowdown is underway in the housing market, but it could take some time before buyers notice an impact in home price growth. Refinance activity is at a standstill as borrowing costs continue to surge, and purchase activity is also significantly reduced from just a year ago.

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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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Provincetown Races to Repair Sewer System

ENR Construction

Provincetown, Mass. was hit hard on Aug. 9 by a severe storm that damaged the public vacuum sewer system, forcing the closure of many restaurants and public restrooms in peak vacation season.

Sewer 67
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A Record Share of Homebuyers Are Relocating to These Popular Markets

Pro Builder

A Record Share of Homebuyers Are Relocating to These Popular Markets. ldeakins. Mon, 08/15/2022 - 11:07. Buyers are relocating to new cities for more affordable housing and a change of scenery. Here's where they're headed. Surging mortgage rates and home prices are motivating a record number of Americans to relocate for affordability even as the housing market cools at its fastest pace since the start of the pandemic.

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Difference between Arc and Arch

Learn Civil Engineering

Openings in the wall are always necessary in any construction. An arc or arch utilizes for the supply of doors, windows and cupboards. These openings form an arch or an arc in your home. The structural elements i.e. arch and arc are both proposed to uphold loads of the wall. So, you keep reading to […].

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Posing as Contractors, Nigerians Scammed Project Owners for Nearly $6M, FBI Says

ENR Construction

Three men were extradited to the U.S. to face charges in North Carolina, Texas and Virginia over the alleged scams.

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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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Free White Paper: Know Your First Aid Obligations

Construction Business Owner

Free White Paper: Know Your First Aid Obligations. When accidents happen, make sure you meet OSHA’s first aid & medical services requirements. mhodges. Mon, 08/15/2022 - 13:29. Every employer must provide adequate access to first aid and medical services, but your specific requirements depend on a variety of factors. Get a complete overview of the Occupational Safety and Health Administration’s (OSHA) first aid regulations and what they mean for your business with this free white paper from J.

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Track Drill Tips Over on Portland, Ore., Hospital Job, Injuring One

ENR Construction

Incident that seriously injured machine operator at $650M project is being probed by general contractor Skanska USA Building.

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Know Your First Aid Obligations

Construction Business Owner

Know Your First Aid Obligations. When accidents happen, make sure you meet OSHA’s first aid & medical services requirements. mhodges. Mon, 08/15/2022 - 13:29. Every employer must provide adequate access to first aid and medical services, but your specific requirements depend on a variety of factors. Get a complete overview of the Occupational Safety and Health Administration’s (OSHA) first aid regulations and what they mean for your business with this free white paper from J.

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Track Drill Tips Over on Portland Hospital Job, Injuring One

ENR Construction

A rotating drilling machine tipped over at a hospital construction site in Portland, injuring the operator.

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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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A Growing Number of Metros Record Double-Digit Home Price Appreciation in Q2 2022

Pro Builder

A Growing Number of Metros Record Double-Digit Home Price Appreciation in Q2 2022. ldeakins. Mon, 08/15/2022 - 11:02. The housing market may be cooling, but single-family home prices are still rising in the majority of metro areas. Roughly 80% of the 185 markets tracked by the National Association of Realtors recorded double-digit home price appreciation during the second quarter of 2022.

Metro 52
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Energy Transfer Convicted of Criminal Charges on Pa. Gas Pipeline Projects

ENR Construction

In "no contest" plea agreement related to numerous state violations on key Mariner East 2 and Revolution gas liquids projects, Texas developer will pay $10 million for local water improvement projects.