BIM = Business information modelingVDC = Virtual design and construction Seven years ago, we in the construction industry pondered the pros and cons of BIM software. BIM was new-to-us at that point but the concept – and the term – was introduced in 1992. Today there’s no doubt there are many advantages to business information […]
Using BIM, VDC to Improve Construction Bidding and Planning Read More »
If you’re not a boat captain or crew, you probably don’t pay attention to NOAA (National Oceanic and Atmospheric Administration) announcements until May. That’s when NOAA issues its hurricane season prediction for the year. Apparently, the 2021 storm season will not be as cruel as 2020. But it will be very active. Again. The prediction is
Tips To Minimize Construction Business Hurricane Losses Read More »
As we get older, it’s difficult to transition from some of the basic business principles and construction cost data we followed from other decades. They worked, time and again. Many of them aren’t working now. If you’re estimating costs using the same formula your company used in 2019, it’s just like assuming you can get a
Using up-to-Date Construction Cost Data Read More »
Three more bodies were found July 5 after the demolition of the Champlain Towers South multifamily structure in Surfside, FL. As of that day, there were still 118 bodies missing in the rubble of the condo collapse. Documents released by the town of Surfside revealed a 2018 engineering report warned of major structural damage at the
Condo Collapse Could Have Been Avoided Read More »
Construction firms using software for materials tracking have a competitive edge. And during the pandemic, one company managed supply chain challenges in such a way it increased productivity. New York City’s HAP Construction shares steps to protect against contract loopholes for a more successful project lifecycle. 9 Steps Construction Firms Can Use The construction company
Materials Tracking for Construction Firms Read More »
While Construction Monitor provides construction data customized for your business, our friends at Construction Dive regularly provide construction industry “metrics that matter.” The June information they shared comes from several sources and they centralize that data for the rest of us. Here’s the June 2021 recap: Architecture billings – (Any score over 50 indicates growth.)
June 2021 Construction Data Read More »
The construction industry is better-managing workplace diversity. And construction companies are changing their internal cultures to promote an attitude of acceptance and respect for our differences. Diversity, equity, and inclusion (DE&I) is a workforce initiative for which McCarthy Building Companies Inc. has developed a model. The company recently appointed a DE&I vice president, Kamecia Mason.
Construction Industry Success Through DE&I Read More »
“I bought a house in Texas, sold a condo in Denver and never once met buyers, sellers, or had to go to a bank to sign papers,” said a new homeowner. Electronic contracts and signatures have revolutionized the real instate industry. The construction industry has been slow to adapt to digital contracts and e-signatures. That’s
Is a Paperless Construction Industry Possible? Read More »
On Friday, May 28, 2021, President Biden released his 2022 FY budget. It calls for $6+ trillion in spending that “reimagines how – and for whom – the economy works,” says Vox reporter Cameron Peters. Infrastructure spending and education are focal points. “Trickle-down economics has never worked,” said Biden. “The best way to grow our economy
Biden’s Budget Boosts Construction Industry Read More »
Of the key economic indicators for our country, housing starts are a leading indicator. Housing starts are sensitive to mortgage rates, which are affected by interest rates, so they represent about 4% of annual gross domestic product (GDP). The industry itself and your construction business are considered economic activities. What’s Changed, Unchanged In 1 Year: Construction Business The
Construction Business One Year Post-Pandemic Read More »
