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Seven Traits of Profitable Specialty Contractors

Fieldwire

Anyone who has managed a construction company, department, or project knows profitability can be challenging. Intense competition, fluctuating market conditions and other factors often result in tight profit margins. Even with numerous challenges, specialty contracting can be profitable. In-Demand Expertise. Clear Communication.

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The UK Sets the Scene for Mandatory ESG Laws in the Western World

Green Building Law Update

And maybe of greatest import, these new laws provide a map and compass for businesses believing that profit should come not from creating the world’s problems, but from solving them. Two separate regulations were “laid before Parliament by Command of Her Majesty and approved by a resolution of each House of Parliament”.

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ESG Poll Results Drive Strategies for Business

Green Building Law Update

People want to save the planet while they make a profit. ESG is such a new space that there are few authoritative sources of information, including that with no scholarly treatises and few if any peer reviewed published papers, blogs like this one are the best source of reliable information. The appeal of ESG is compelling.

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The Role of Construction Software Technology in Mitigating Risk

Viewpoint Construction Technology

Sometimes there is little bearing on ongoing operations, but, depending on the nature of the conflict, these disputes can have serious ramifications which have the potential to cause brand damage, profitability issues or human resource issues. Technical and Legal and Compliance Issues. Process Issues. Weather delays. Budgetary issues.

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Using Business Intelligence to Gain a Competitive Edge

Viewpoint Construction Technology

It refers to a technology-driven analysis of data to enable actionable information in helping stakeholders and end users make smarter decisions. When profit margins are thin, it doesn’t take much to wipe out a project’s financial benefits. Be it legal, safety, costs, or delays, construction is a high-risk business.

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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. Although public liability insurance is not a legal requirement, it should be regarded as essential. Legal Documents. Insurance is perhaps the most important thing to arrange before starting a construction company.

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Proactive Risk Management Strategies for Oil & Gas Companies

Safety Services Company

The Importance of Risk Management Risks involve various operational hazards, such as equipment failure, oil spills, environmental damage, explosions, and more, which can have reputation, financial, and legal consequences for oil and gas companies. Otherwise, they can get fined or face legal action.

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