Section 179 of the IRS Tax Code offers quite a windfall for small businesses. It allows you to write off prices for buying qualifying equipment or software that was put into service the same year purchased. For this year, the deduction limit for equipment purchases is $2,700,000. Bonus depreciation at 100% will end on December […]
Write-Offs for Your Construction Company Read More »
You’ve heard “when the chips are down…” — it means you’re committed to a situation (sometimes an all-in poker hand), but there are challenges and conflicts. That’s the case for Intel Corporation: More than 7,000 construction workers are needed during a construction worker shortage. Intel is investing $20 billion to build two factories (“fabs”) on a
Are The Chips Down? Intel Hiring Construction Workers Read More »
Construction employment in June 2022 was slightly lower than other occupational sectors (with construction unemployment at 3.7% vs. 3.6% unemployment nationally), according to Bureau of Labor Statistics (BLS) data. But in July, we added 32,000 jobs for a 4.2% construction employment increase. The Gem State Leads Construction Employment The top five states for construction employment were:
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What are new-build investors requesting? Among other things, they expect sustainability, eco-friendly practices, and industry-best standards in construction. Construction industry and BIM (building information modeling) certifications and standards are driving construction industry software solutions. Oracle Construction’s senior director Frank Weiss says as more companies integrate BIM best practices into engineering and construction solutions, the software
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Convergence is the process of uniting 2 or more things. Rivers can converge at some point to become the Mississippi River. Like-minded people can converge to form an organization. In the construction industry, convergence between architecture, entertainment, and manufacturing is the effort to find better ways to do what we do: create and build space.
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Your new hire is excited. Onboarding begins Monday. However, 68% of new hires quit within the first six months and your success rate isn’t much better. Is there something you can do differently during construction employment onboarding? Why New Workers Abandon Construction Employment It’s not just you, your company, or even the construction industry. The top 3
Construction Employment: 7 Onboarding Tips Read More »
In 2015, Carlos Moncayo was buried alive in a 14´ unreinforced trench on a New York construction jobsite. The undocumented worker was 22 years old. The New York construction company was convicted of manslaughter/negligent homicide and fined $10,000. If passed, Carlos’ Law would allow a $300,000 minimum fine to New York companies in which construction
Putting a Price on Life: Construction Workers and Safety Read More »
Soil stabilization changes soil’s physical properties by adding long-term strength and weight-bearing capacity. Soil bases for roads, parking lots, etc. use chemicals, lime-based products, cement, and other bonding agents to create permanent soil stabilization. For example, because of its locale’s soil composition, one company uses an ionic clay coil stabilizer. The concrete process begins with the
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You unhook your hybrid from its charger and drive to the project site where you operate heavy construction equipment. If that’s you in 2023, you may be operating electric-powered heavy construction equipment. For better ground contact, on mushy or soft soil, track loaders are often a better choice than skid-steers. Track loaders and skid-steers are
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“This peak is largely due to U.S. onshoring efforts,” says Construction Dive, “as more American companies move their manufacturing facilities back to the U.S.” Manufacturing returns to the U.S. are including food-related production and electric vehicle factories. The Dodge Momentum Index is a monthly measurement of nonresidential construction industry building projects in planning. In June
Construction Industry DMI, Hiring Up Read More »
