Sat.Jun 22, 2024 - Fri.Jun 28, 2024

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Strategic Tax Planning for Contractors in 2024

Construction Business Owner

Strategic Tax Planning for Contractors in 2024 ccapoccia Mon, 06/24/2024 - 17:59 A s 2023 financial statements and tax returns are finalized, it’s time for contractors to shift their focus to the current tax year of 2024 and beyond. In a competitive industry like construction, it’s crucial to adapt continuously to ensure your company is in the best possible position for current and future success.

Plans 265
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Six Reasons Construction Project Fail

Job Order Contracting

These are the top six reasons construction projects fail. Whether repair, renovation, maintenance, or new builds, 30%-40% waste is the norm due to one or more of the following… #1 Lack owner leadership, capacity, accountability. #2 Failure to adopt, implement, and manage a robust and integrated planning, procurement, and project delivery process. #3 Poor team selection. #4 Insufficiently detailed and/or poorly communicated Scope of Work (SOW). #5 Lack of trust. #6 Failure to leverage the k

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Advancing Construction Safety Leadership 2024: Key Contractor Insights

Safety Services Company

In the construction industry, safety is paramount, given the inherent risks that can lead to serious injuries and fatalities. Contractors and hiring clients alike prioritize safety leadership , seeking partners who excel in safety and compliance, surpassing basic OSHA standards. Recently, The Advancing Construction Safety Leadership Conference addressed industry safety challenges by fostering a cultural shift where safety is ingrained as a core value, not just a regulatory requirement.

Safety 98
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MTA halts 2 more NYC projects in funding fight over congestion pricing

Construction Dive

The pause in infrastructure construction is a major setback for the city’s development, said Carlo Scissura, president and CEO of the New York Building Congress.

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Future-Proof Your Firm: Discover the Power of Next Gen Construction ERP

In the face of rising customer expectations and evolving industry standards, staying ahead in construction demands innovation. A Next Generation Construction ERP is designed to meet these challenges head-on. By integrating this advanced system into your tech stack, you empower your team with a single source of truth, enhancing decision-making and operational efficiency.

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The Vital Role of Community Engagement in School Bond Campaigns

Wolgast Corporation

In the ever-evolving landscape of education, the importance of robust school infrastructure cannot be overstated. A school's physical environment shapes the experiences of students, teachers, and staff alike, affecting everything from academic performance to overall well-being. Yet, ensuring the vitality of these educational spaces often requires significant financial investment, typically through school bond campaigns.

Education 126

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Building Safety Remediation: monthly data release

Construction Law

DLUHC statistics show number of buildings being remediated doubled in a year To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account.

Safety 52
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Exterior cavity fireblocking: Exceeding fire performance

Construction Specifier

By Antonie Habellion, P.Eng., M.Eng., M.S., and Steven Gaynor, MBA Photo courtesy Tenmat New York City recently became the first jurisdiction in the country to reject and rewrite major sections of the International Building Code’s ( IBC ’s) language around fire protection in exterior facades. Aiming to enhance the fire safety standards in exterior walls, fireblocking is now mandatory behind ventilated cladding , with few exceptions.

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150 Years of Watts Water – Looking Back and Looking Ahead

Contractor Magazine

Our conversation with Andrew Windsor, Sr. Vice President of Sales, Americas for Watts Water Technologies.

America 86
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#136:  Fixed Price vs. “Cost Plus” Contracts: Some Considerations

NH Construction Law

When contracting parties agree to a fixed price or lump sum amount for a defined scope of work, the contractor is generally obligated to build that scope of work for that price regardless of what it costs him to do so or what unmentioned obstacles he may face. His price will typically be set to cover overhead costs and a reasonable profit. And time is money; all other things being equal, the sooner the contractor completes the work, the more profit he will make.

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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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How to Spot & Avoid Unexpected Project Delays

Construction Business Owner

How to Spot & Avoid Unexpected Project Delays ccapoccia Thu, 06/27/2024 - 14:01 Here’s the thing about construction project delays: It’s not a matter of if they will happen — it’s when they will happen, for how long and why. There are many reasons for a project delay: weather, supply chain hiccups, labor shortages, financing and more. Most of these reasons are out of the control of the project manager or construction business owner, while others are not.

Finance 334
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Relearn Construction Cost Estimating – 4 Critical Learnings

Job Order Contracting

It’s time to relearn construction cost estimating. Before relearning construction cost estimating, it’s important to hit your resent button. The following represent the new realities. Technology will not solve your problems. Tech is an enablers. People, Process, and Information are the three kings. Focus on working with professions with experience, yet willing to learn, listen, and share information.

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Ironworker’s family sues Oregon firm after jobsite death

Construction Dive

The estate of deceased ironworker Samantha Deschenes claimed that Portland, Oregon-based Andersen Construction violated the Oregon Safe Employment Act in a lawsuit filed June 10.

Oregon 130
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Not your grandparents’ senior living community: Redefining aging in place

BD+C

Not your grandparents’ senior living community: Redefining aging in place 0 qpurcell Mon, 06/24/2024 - 08:49 Senior Living Design Perkins Eastman’s Senior Living and Residential teams are putting a new face on home for seniors who don’t want to move away in retirement. MFPRO+ Blog Mixed-Use Senior Living Design Designers “Would you move into your own senior living community?

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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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Prevent Water Damage From Wreaking Havoc

Construction Business Owner

Prevent Water Damage From Wreaking Havoc ccapoccia Thu, 06/27/2024 - 13:35 The impact of inefficient and ineffective water management on construction projects is increasing at an alarming rate. Water damage has long been one of the most common insurance claims in the industry, and it now accounts for up to one-third of all payouts on builder’s risk policies.

Insurance 316
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AI – caveat emptor – FM

Job Order Contracting

AI -Caveat Emptor – FM (Above image by rawpixel.com on Freepik) While the below was intended to apply to computers, the content has relevance to AI. That said, the current status of AI is basically “pattern recognition”, the problem of assuming biased or misinformation is accurate is very real. AI algorithims sort through avaiable data, look for relevant information based upon statistically high conformity and output a result.

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Bechtel breaks ground on $4B Bill Gates-backed nuclear reactor

Construction Dive

The new facility will use a sodium-based cooling process instead of water, according to TerraPower, the Microsoft founder’s nuclear energy company.

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8th Biennial Emerging Water Technology Symposium Brings Water Discussion to the Desert

Contractor Magazine

This year’s EWTS featured thought-provoking conversations relating to water conservation, quality and scarcity, and what action plans could be implemented to ensure safe and sufficient drinking water for generations to come.

Plans 84
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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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Is Your CPA Holding Back Business Growth?

Construction Business Owner

Is Your CPA Holding Back Business Growth? ccapoccia Thu, 06/27/2024 - 10:03 Consider when it's time to find a new certified public accountant for your construction business.

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Project Update: Agency of Transportation District 8 Garage

PC Construction

Construction is well underway on the State of Vermont Agency of Transportation’s new garage and salt shed in Swanton. PC Construction’s Special Projects team recently finished structural steel erection and detailing for the 15,000-square-foot, 11-bay maintenance garage. Nearly a dozen additional scopes will be self-performed throughout construction, with an associated value of $1.3 million of the overall $9.4 million project.

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5 of the biggest apartment projects underway right now

Construction Dive

From an affordable project in Brooklyn to a luxury tower in Honolulu, these multimillion-dollar projects are keeping multifamily developers and builders busy this year.

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Proposals in Hand, Maryland Aims for 2028 Replacement of Collapsed Baltimore Bridge

ENR Construction

The Maryland Transportation Authority is now evaluating proposals to replace the bridge, which collapsed after it was struck by a cargo vessel in March, with an eye on a possible completion by 2028.

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Unlock Project Efficiency with the Ultimate Construction ERP Buyer’s Guide

Optimize your construction operations with our in-depth Buyer’s Guide on selecting the right ERP system. As the construction industry evolves, leaders must make decisions that ensure long-term success. Our guide provides a roadmap for choosing a specialized construction ERP that streamlines processes, enhances productivity, and boosts project visibility.

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Can a Prefabrication Strategy Differentiate Your Business?

Construction Business Owner

Can a Prefabrication Strategy Differentiate Your Business? ccapoccia Thu, 06/27/2024 - 10:24 In the ever-changing landscape of the construction industry, efficiency, productivity and cost-effectiveness have become paramount. Traditional construction methods, though tried and tested, often fall short of meeting the increasingly stringent demands of owners and stakeholders.

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How Changing Tax Laws Impact Construction Companies: What You Need to Know

Civiconcepts

Tax laws constantly change, and construction companies need to stay nimble to keep up. That’s because new regulations can affect everything from filing requirements to payroll taxes and international compliance.

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Chicago DOB still needs to fix broken inspection process: report

Construction Dive

The city's watchdog agency said its buildings department has “not implemented corrective actions” to issues discovered during an August 2022 audit.

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Nuclear Fusion Pushes to Reach Commercial Power Plant Stage

ENR Construction

Global developers are advancing nuclear fusion technology and engineering to scale an energy source they say has zero emissions, no meltdown risk and more security, as data centers and AI push power demand.

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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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April 2024 Construction Stats

Construction Business Owner

April 2024 Construction Stats ccapoccia Thu, 06/27/2024 - 14:51 The Construction Business Owner team compiles statistics each month from several sources, includi

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New ABI Report: Architecture Business Conditions Soften

Construction Superintendent Magazine

The AIA/Deltek Architecture Billings Index score declined to 42.4 in May, as more firms reported a decrease in billings than the month prior. The pipeline of new work coming into firms is showing increasing softness. While inquiries into new projects continue to increase, they did so at a slower pace than in recent months. Additionally, architecture firm billings remained soft across all regions and sectors in May.

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New Jersey attorney general sues Iron Workers’ chapter for discrimination

Construction Dive

Bloomfield-based Local 11 skipped over Black workers for jobs in favor of White members and promoted a hostile work environment toward women, a lawsuit claims.