2022

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Exploring Exit Plan Strategies

Construction Business Owner

Exploring Exit Plan Strategies. Alex Headley. Mon, 01/10/2022 - 09:25. The United States construction market is a $2.4 trillion dollar industry, with over 4 million participants as of September 2021. Since the aftermath of the 2008-2009 financial recession, the growth in new construction companies has ballooned; approximately 81,000 new construction companies per year have entered the market, on average, since 2014.

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Modular Construction: Pros and Cons

Lets Build

There’s a strong trend toward the modular construction approach—in fact, the global market is expected to reach $175 billion by 2025. But why are more companies building modular structures? Is modular construction cheaper than other methods? What advantages do modular construction techniques bring to the table? Modular construction is gaining more attention, and for good reason.

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3 Ways Machine Learning Can Be Useful in Construction

Pro Builder

3 Ways Machine Learning Can Be Useful in Construction. ibush. Thu, 02/10/2022 - 16:11. When most people hear “machine learning” or “artificial intelligence,” the last thing that comes to mind is a technology that requires human interaction. Usually, it’s the opposite. More computers and more technology mean fewer humans need to be involved. Machine learning can, however, improve the daily lives of humans in industries of all natures, particularly in construction.

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Manufacturer, Agribusiness To Invest Over $94M In South Carolina Expansions

Business Facilities

In South Carolina, SHL Medical to invest $90 million in its new North Charleston manufacturing site; City Roots will invest $4.4 million to expand in Richland County.

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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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5 Reasons to Move to Integrated Digital Delivery (IDD)

Autodesk Construction Cloud

The last few years have been a challenge for Singapore’s construction sector. Amid falling demand, spiralling debts and waning investor confidence, the arrival of a global pandemic almost brought the industry to its knees. And, as borders closed, so too did access to the vital pool of migrant labour and the pre-cast components used in built-to-order construction projects.

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Keystone Pipe Has Full Restart After 14,000-Barrel Spill Dec. 7

ENR Construction

Crude oil spill in Kansas is contained but not fully cleaned up, as fed agency allows full line operation and Canadian owner TC Energy has yet to state pipeline rupture cause.

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5 Questions for Effectively Recruiting a Younger, More Diverse Workforce

Construction Business Owner

5 Questions for Effectively Recruiting a Younger, More Diverse Workforce. hirvin. Mon, 06/20/2022 - 15:36. Several years ago, the construction industry was faced with a looming concern: the overwhelming number of workers set to retire over the next decade. A study conducted in 2019 determined that 41% of the construction workforce at the time was expected to retire by 2031.

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Infrastructure Study Finds Inefficiencies & Opportunities for Design-Build

Construction Business Owner

Infrastructure Study Finds Inefficiencies & Opportunities for Design-Build. Alex Headley. Fri, 01/28/2022 - 08:30. Travelers, the second-largest writer of United States commercial property casualty insurance and the largest writer of surety bonds in North America, has released the findings of a new infrastructure study that followed 224 heavy civil construction projects from 2004 to 2020.

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Protecting Against Environmental Risk in Changing Climates

Construction Business Owner

Protecting Against Environmental Risk in Changing Climates. Alex Headley. Tue, 01/18/2022 - 09:45. Already expecting a downturn, the commercial construction industry was further impacted when COVID-19 either delayed or shuttered projects nationwide and a seemingly endless barrage of storms caused more than $95 billion in damages across the United States alone.

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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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Modern Technology Provides the Solution for Recruiting New Employees

Construction Business Owner

Modern Technology Provides the Solution for Recruiting New Employees. Alex Headley. Thu, 01/20/2022 - 09:35. Employees are the backbone of every company, no matter what industry they are in. To create a culture of top-notch results, a company must have high-quality employees at the helm. It takes a companywide effort, from the executives to the bottom line, to make a company successful.

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Reality in Job Cost Integrity

Construction Business Owner

Reality in Job Cost Integrity. Alex Headley. Wed, 01/12/2022 - 08:45. The vicious job loop is an endless cycle of misrepresentations and mistruths. There are so many things that can go wrong in job cost reporting and the interesting thing is that most of the issues lie not in information technology but with human psychology. Sure, there was a time when there was not a great, seamless system of real time feedback, allowing construction organizations to make project course corrections.

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The New Economy vs. the Old Economy

Construction Business Owner

The New Economy vs. the Old Economy. ccapoccia. Tue, 12/20/2022 - 10:39. Trying to interpret which way the economy will go is confusing and uncertain, even for those whose primary responsibility is doing so. There are many competing views on whether we’re in a recession and how long it will last. One thing we are confident in is that 2023 looks quite challenging.

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5 Ways Construction Businesses Can Cut Costs & Improve Cash Flow in 2022

Construction Business Owner

Promote to rotator No. Rotator Image. Status of webinar Featured. Thu, 06/16/2022 - 12:00. 1 p.m. CDT. Running a construction business costs a lot of money. But with inflation at a 40-year high, supply chain issues and a staffing shortage, it has never cost more to run a business than it does today. So how can you improve your bottom line with so much to go up against?

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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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State of the Industry: Reflection & the Road to Recovery

Construction Business Owner

State of the Industry: Reflection & the Road to Recovery. Alex Headley. Mon, 01/03/2022 - 07:30. As the world celebrates the joyful beginning of a new year, the construction industry is looking hard to the future and its possibilities. On the heels of the COVID-19 pandemic, much of the industry is hopeful for recovery, but there are multiple roadblocks still creating challenges.

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The 10 Commandments of Project Success

Construction Business Owner

The 10 Commandments of Project Success. Alex Headley. Fri, 01/14/2022 - 09:00. Outlining how you will manage, operate and run your construction business is a big step toward building a continuously profitable construction company. You, your managers, field supervisors, estimators and crews must know the basics — rules, standards, values and fundamentals — that you stand for as a company.

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2022 Construction Cost Changes

Construction Business Owner

2022 Construction Cost Changes. Cost changes you need to know for key construction materials, labor & equipment. Greg Ragsdale. Wed, 04/06/2022 - 10:36. Material price hikes. Supply chain bottlenecks. Skilled labor shortages. The construction industry has never seen anything like the past two years — and it’s showed in the cost of construction work.

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3 Ways Contractors Can Mitigate the Risks Tied to Price Increases

Construction Business Owner

3 Ways Contractors Can Mitigate the Risks Tied to Price Increases. hirvin. Mon, 04/25/2022 - 10:11. “ Escalation, escalation, escalation,” is all I hear from clients and colleagues as they leave their Zoom screens and return to conferences and conventions. In summer 2020, the world saw how COVID-19-related disruptions affected global production and the supply chain.

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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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Why the Real Star of Super Bowl LVI Is SoFi Stadium

Construction Business Owner

Why the Real Star of Super Bowl LVI Is SoFi Stadium. Kathy Wells. Fri, 02/11/2022 - 10:19. A joint venture from Turner and AECOM Hunt , the $5.5 billion SoFi Stadium is the most expensive ever built. There’s the 6,000-seat YouTube Theater, a 2.5-acre outdoor amphitheater and the stadium itself that can seat over 100,000. At 3.1 million square feet, it's the largest and the first "indoor-outdoor" stadium in the NFL.

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Preparing for Future Tragedies Decades Before They Happen

Construction Business Owner

Preparing for Future Tragedies Decades Before They Happen. ccapoccia. Thu, 10/27/2022 - 15:27. The design-bid-build project delivery method has dominated the construction landscape for many years. .

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Why Construction Scheduling Software is More Efficient

Lets Build

Construction projects are complex, and project managers have to take many factors into account. Fortunately, construction scheduling software makes it easier to keep your project on track and stay in control. We’ll cover the benefits of scheduling software for construction crews, the best construction scheduling apps, and how to improve your communication and coordination throughout every project. 5 advantages of construction project scheduling software.

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Louisiana Is Built For Film And TV Production

Business Facilities

Louisiana’s many advantages­ — including incentives, facilities and skilled crews — attract major productions. The post Louisiana Is Built For Film And TV Production appeared first on Business Facilities Magazine.

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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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Inside the Mind of the High-Performance Homebuyer

Pro Builder

Inside the Mind of the High-Performance Homebuyer. ldeakins. Wed, 01/05/2022 - 14:29. New data sheds light on what homebuyers really care about when it comes to sustainability, helping builders improve their products. Suzanne Shelton. In the summer of 2020, in collaboration with the Energy & Environmental Building Alliance ( EEBA ), my firm, Shelton Group , launched WNDO, a survey platform specifically designed to gain actionable insights from high-performance homebuyers at five points along the

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Rankings Recognize Best Metros For Corporate HQs, Business Climate

Business Facilities

In Business Facilities’ 2022 Metro Rankings Report, cities across the U.S. and Canada are hot spots for corporate headquarters, best business climates.

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Sustainable Manufacturers Invest $24.5M In South Carolina Growth

Business Facilities

Greif will invest $13 million over the next five years to expand in Greenville County; Aerofoam USA is establishing a $11.5 million operation in Abbeville County. .

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3M Company Investing $470M In East Tennessee Expansion

Business Facilities

Fortune 100 company 3M will add nearly 600 new jobs at its manufacturing operations in Clinton, TN by 2025. The post 3M Company Investing $470M In East Tennessee Expansion appeared first on Business Facilities Magazine.

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Discover 7 Ways to Cut Construction Inefficiencies

Construction sites are often just-barely-controlled chaos. Without clear coordination, you risk everything from clashes to delays, cancellations, and missed deadlines. Get the free eBook & learn how to solve the biggest challenges in construction!

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Workforce Development To Get The Job Done

Business Facilities

Access to a quality workforce is a top priority for companies considering where to relocate or expand. Here’s a look at what some top locations across the U.S. are doing to address today’s workforce.

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The New Home Trends Institute Releases New Insights Report

Pro Builder

The New Home Trends Institute Releases New Insights Report. ecatalano. Fri, 07/22/2022 - 10:44. The New Home Trends Institute recently released its July 2022 Survey Insights Report, outlining changing homebuyer expectations, the reallocation of indoor and outdoor spaces, and how floorplan design continues to react to new consumer demands. The New Home Trends Institute, from John Burns Real Estate Consulting in partnership with Pro Builder , just released its July 2022 Survey Insights Report.

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Construction Worker Suicide: A Fragile Balance

Pro Builder

Construction Worker Suicide: A Fragile Balance. ibush. Fri, 08/05/2022 - 07:00. Construction workers often struggle with mental health, and suicide rates in construction are high compared with other industries. The construction industry is finally paying attention to this issue and including mental health in the conversation about construction jobsite safety.

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