September, 2023

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How Your Team Can Learn From the Recent Crane Collapse in NYC

Construction Business Owner

How Your Team Can Learn From the Recent Crane Collapse in NYC ccapoccia Tue, 09/05/2023 - 10:18 July’s tower crane fire, and subsequent collapse, at a construction site on 41st Street in New York City (NYC) made for some exciting viral video content and a few days’ worth of local headlines. Just as quickly as it went viral, it faded away and will be another footnote in the ongoing story that is the Manhattan skyline.

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Recladding Multi-Family Buildings: Why And When?

Construction Marketing

In construction, a building’s exterior serves more than just an aesthetic purpose; it’s also about functionality. Cladding offers a harmonious blend of both visual appeal and performance. Cladding is a product of a variety of materials, including wood, metal, brick, vinyl, and composite, depending on the desired aesthetics and functional requirements.

Safety 307
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Better Practices For Managing And Maintaining Your Business Cash Flow

Contractor Bookkeeping

In the business world, cash flow remains the lifeblood that keeps your operations running smoothly. Whether you're a start-up finding your feet or a seasoned business in the construction industry, managing and maintaining a steady cash flow can be challenging. But a few small changes can make a world of difference to your cash flow and overall revenue.

Cash Flow 107
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Root Cause of Construction Project Failures

Job Order Contracting

Recognition of the root cause of construction project failures is the first step towards improvement. Basically, a lack of understanding of work scope and the associated detailed work activities, processes, and resources are required as well as how these activities impact participants and stakeholders cause repair, renovation, maintenance, or new build projects to be late, over budget, or otherwise completed poorly.

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Forecasting With Confidence: How Contractors Can Solve Four Common Challenges

At the highest level, contractors understand the importance of accurately predicting and preparing for variances in costs or schedules when delivering a construction project. In fact, leaders know it is essential to the profitability, cash flow and potential viability of projects. For that reason, forward-thinking decision-makers who know that forecasting is a complex process, also realize that this is not feasible by using out-of-date systems.

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Inside construction firms’ fight for workers

Construction Dive

Nearly nine in 10 firms are feeling the pinch on skilled labor, but tech may be a salve for employment woes, according to the Associated General Contractors of America.

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Why You Need a Full-Charge Bookkeeper

Construction Business Owner

Why You Need a Full-Charge Bookkeeper ccapoccia Thu, 09/21/2023 - 09:23 Construction business owners regularly ask me what their controller’s or bookkeeper’s job description should include. They know they must be able to generate an income statement (P&L), pay the bills, prepare payroll, collect receivables and take care of other accounting tasks.

Income 366
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3 affordable housing projects that serve as social catalysts

BD+C

3 affordable housing projects that serve as social catalysts 0 qpurcell Mon, 09/25/2023 - 12:49 Affordable Housing Trish Donnally, Associate Principal, Perkins Eastman, shares insights from three transformative affordable housing projects. Trish Donnally MFPRO+ Blog Higher Education University Buildings Multifamily Housing Affordable Housing Senior Living Design Student Housing Designers Architects Projects Sustainable Development To say the United States is facing an affordable housing crisis i

Housing 111
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Construction Company Contract Traps And The Advantages Of Legal Help

Contractor Bookkeeping

Mistakes can be expensive in the construction business, and as an entrepreneur, although you'll know many of the regulations that apply to your business, there are so many that you can't possibly remember all of them. Depending on the type of contracting business you run, you could face laws regarding taxation, employment, product liability, premises liability, discrimination, health and safety, and various other regulations.

Legal 109
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OpenBUILD(TM) Integrated Project Construction Delivery Solution

Job Order Contracting

The OpenBUILD(TM) Framework is a standardized approach to construction data collection that collates data on all public sector projects across all locations in a common format. Data is shared among both public and private sector audiences to leverage the latest methods and tools supporting optimal project planning, costing, procurement, delivery, and management.

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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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Infrastructure backlog jumps 24%, pushing demand to ‘upper end of historic levels’

Construction Dive

Despite tightening credit, high project financing costs and lingering recession fears, the country’s biggest contractors continue to book more new business, said Anirban Basu, ABC chief economist.

ABC 150
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Boost Construction Collaboration with These AU 2023 Classes

Autodesk Construction Cloud

Collaboration is a cornerstone of the construction industry. Time and time again, we’ve seen that the most successful teams and projects are the ones with solid communication and collaboration practices. If you’re looking to improve collaboration within your teams, Autodesk University has what you need. Taking place in Las Vegas from November 13-15, AU 2023 offers insightful workshops, expert-led sessions, and networking opportunities to foster team collaboration and elevate your project outcome

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Strategies for Achieving a Low Experience Modification Rate

Construction Business Owner

Strategies for Achieving a Low Experience Modification Rate ccapoccia Fri, 09/29/2023 - 08:35 A low experience modification rate (EMR) benefits your business, so establish a safety culture to help lower your EMR.

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Secrets of a structural engineer

BD+C

Secrets of a structural engineer 0 dbarista Fri, 09/08/2023 - 11:54 Engineers Walter P Moore's Scott Martin, PE, LEED AP, DBIA, offers tips and takeaways for young—and veteran—structural engineers in the AEC industry. Scott Martin, PE, LEED AP, DBIA Building Team Contractors Designers Designers / Specifiers / Landscape Architects Engineers Facility Managers Architects Building Owners Recently, I was asked to present to a group of aspiring engineers at the Florida A&M-Florida State University Co

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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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Key Financial Concepts For Construction Company Owners

Contractor Bookkeeping

Not everyone knows construction accounting, and it is easy to assume all accounting is the same. Even if you have outsourced your financial functions, as a small construction business owner, having a solid understanding of critical financial concepts is crucial to work with your advisor and 'speak their language". This article outlines several essential concepts that every small business owner should know.

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Objective, reliable, and veriable Construction Cost Estimates

Job Order Contracting

Objective, reliable, and veriable Construction Cost Estimates are critical to best value outcomes for all repair, renovation, maintenance, and new build activities. The estimating process begins with a comprehensive understanding of your project’s scope of work. A knowledgeable and well-trained estimating team is a key component along with a robust processes, procedures, a objective and granular local market construction task data. #1 Pre-Estimate Stage Reviewing Requirements Owner crea

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Construction planning posts largest drop since March

Construction Dive

Commercial and institutional activity are likely to continue to be constrained for the rest of 2023, as evidenced by a key index’s sixth straight decline.

Plans 153
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The 4 types of construction procurement? 

Construction Today

Construction procurement is the process of acquiring goods, services, and labor needed for the construction of a building, infrastructure, or other type of project. Various methods of procurement can be used, each with its advantages and disadvantages. Take a look at our breakdown of the four main methods: Also known as design-bid-build, traditional procurement is the most common method in.

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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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Make Work-in-Progress (WIP) Work For You

Construction Business Owner

Promote to rotator No Rotator Image Status of webinar Featured Stay on top of every project and maximize profitability. Thu, 10/26/2023 - 12:00 1:00 p.m. Central An accurate and timely Work-in-Progress (WIP) report is one of the most essential tools a contractor can use to optimize cash flow. WIP reporting provides construction companies with the insight needed to determine if active jobs are under-billed or over-billed allowing you to stay on top of every project and maximize profitability.

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Modern healthcare interiors: Healing and care from the outside in

BD+C

Modern healthcare interiors: Healing and care from the outside in 0 qpurcell Fri, 09/08/2023 - 08:06 Healthcare Facilities CO Architects shares design tips for healthcare interiors, from front desk to patient rooms. MFPRO+ Blog Healthcare Facilities Hospital Design Trends Designers Architects Biophilic Design Coronavirus Interior Architecture Interior Finishes “Health” has become a buzzword in recent years, and with good reason.

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The Value Of Documenting Effective Construction Business Systems

Contractor Bookkeeping

Many entrepreneurs operate with their business processes and systems in their heads. They know what they must do daily and how they want to get things done. Unfortunately, when a construction business grows, and staff need to be hired – or the owner needs to take time away from the company – it's an absolute liability not having processes and systems documented in one place.

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Sustainability and Efficient Facilities Lifecycle Management

Job Order Contracting

Sustainability and Efficient Facilities Lifecycle Management go hand in hand. While most of us are aware of the rampant economic and environmental waste associated with the repair, renovation, maintenance, and new construction of buildings and other physical infrastructure, few understand that solutions are readily available or have the will and commitment to deploy them.

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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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3 manufacturing megaprojects delayed by labor, permitting issues

Construction Dive

Teams have hit pause on Scout Motors’ $2 billion EV plant in South Carolina and American Battery Factory’s $1.2 billion facility in Arizona.

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Classes for Field Teams at AU 2023

Autodesk Construction Cloud

Calling all field teams: in case you missed it, Autodesk University is fast approaching, and we’d love to see you there! AU 2023 is taking place in Las Vegas between November 13-15. While we can’t guarantee that “What happens in Vegas stays in Vegas,” we can tell you that AU 2023 brings a host of enlightening sessions, a vibrant expo floor, and unparalleled networking experiences.

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4 Ways to Protect Your Jobsite From Severe Weather

Construction Business Owner

4 Ways to Protect Your Jobsite From Severe Weather ccapoccia Mon, 09/11/2023 - 10:29 There’s a good chance severe weather has impacted your construction site in the last few years. Events like tornadoes, hailstorms, flooding and wildfires are worsening and happening more often. In fact, severe weather events exceeding $1 billion in damages have more than doubled in the past five years, according to the National Oceanic and Atmospheric Administration.

Risk 358
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Win-Win Scenarios for Residents and Property Managers

BD+C

Win-Win Scenarios for Residents and Property Managers 1 kcichowicz Fri, 09/29/2023 - 10:33 Multifamily Housing Discover how proptech is opening open new paths to revenue for owners and property managers, while bringing desirable amenities and conveniences for renters. Check out my thoughts on profitable, resident-centric proptech. Multifamily Housing At the end of the day, businesses exist to generate revenue.

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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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What Is A Fractional CFO And How Can It Help Your Construction Business?

Contractor Bookkeeping

A fractional CFO, or Chief Financial Officer, is a finance professional working part-time, retainer, or contract. They bring the experience and expertise of a high-level CFO to your business – without the cost of hiring a full-time, in-house employee. Fractional CFOs service several clients simultaneously, typically on a part-time, retainer, or contract basis.

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CONSTRUCTION PROJECT FAILURE FACTORS

Job Order Contracting

Contruction failure factors are have been fully documented. Recognizing these causal factors and implementing available solutions can substantially reduce the number of failed projects, and more efficiently achieve other project objectives. The real area of befuddlement is why real property owners have not changed the decades old legacy of rampant economic and environmental waste plaguing the AECCO sector (AECOO – Architecture, Engineering, Construction, Owner, Operator).

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NY announces first-in-the-nation state concrete mandate

Construction Dive

Set for January 2025, the state’s Buy Clean Concrete rules establishing greenhouse gas emission limits will cover all agency projects.

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