What’s included in construction technology? It’s drones, real-time cameras, and safety wearables. It’s also business management: accounting, contracts, payroll, taxes, permit documentation, etc. The technology your business needs is available when you need it. This is a compilation of pain points that can be addressed with construction technology. Contributors include Autodesk, Procore, and Trimble. Cybersecurity […]
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Having construction expenses to manage at all is a relief after two years of wild on-again, off-again projects. It is the nature of our industry to have financial cycles, even when we’re working steadily. However, 42% of us pay our subcontractors before our customers pay us. Later, cost overruns nibble away at profits. If you
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The revolution of materials for new construction buildings is interesting, to say the least. And some hot ideas are emerging, like using molten lava bricks. Iceland has a lot of volcanoes. We know they rumble and occasionally spew fiery lava that is housed beneath the earth’s surface. One architect began contemplating better use of natural
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This information originates from the U.S. Bureau of Labor Statistics (BLS) data gathered from private and public construction industry sectors. It includes information from other sites.* Architecture billings – The ABI (Architecture Billings Index) benchmark for increased billings is 50, and in March 2022, it rose to 58. Inquiries and design contracts rose to 63.9
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Construction loans are short-term financing arrangements between a lender and a property owner. Homeowners can choose from several types of construction loans: Construction-only – This is a short-term, adjustable-rate loan. Construction-to-permanent – This loan finances construction and then converts to a mortgage loan. Owner-builder – These loans are only available to licensed contractor-homeowners or those
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Do you respond, or do you react to emotional challenges? Most of us say we manage our workplace issues much better than family-related problems. The “emotional baggage” we have in families sometimes weighs us down. Like it or not, workplace relationships are very much like family relationships. If you’re a team lead construction management supervisor, how
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It’s surprising to encounter jerks at negotiation tables. People involved in management and negotiations usually have professional people skills. But you’ll probably work with less-than-polished people during your construction business career. Writer/editor Gwen Moran says when you’re dealing with people that seem to be biased against you or your company, give them the benefit of doubt. They could
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The construction industry is customer-service oriented. We need happy clients and customers to beget more clients and customers. If your only business plan is to make a disgusting amount of money, then customer care is at the top of your hierarchical outline. Management consultant Gregg M. Schoppman says frequently customers have unrealistic project expectations. They are
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Q: What is responsible for more than twice the carbon dioxide emissions of airplanes or freighters?A: Concrete production. Concrete is one of the most unsustainable materials with which construction business contractors work. “Concrete is literally everywhere you look above ground and below ground…everywhere the world works, lives, and plays,” says Kris Moorman. Making the use of
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The road to success is always under construction. -Lily Tomlin The first impression clients have of you occur within the first seconds of your meeting. Your appearance says who you are, but later impressions can either reinforce or discount your appearance. If you’re the representative of your construction business (And guess what? Everyone on the payroll represents
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