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 […]
Updated Construction Industry Metrics That Matter Read More »
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
Types of Construction Loans Read More »
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
Managing Frustrations in Construction Management Read More »
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
5 Construction Business Tips for Dealing With Jerks Read More »
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
Who’s Your Worst Enemy in the Construction Industry? Read More »
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
Construction Business & Concrete: Between a Rock and a Hard Place Read More »
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
Emotional Intelligence in Construction Business Management Read More »
Construction safety is a risk you can manage. The JHA (job safety analysis) program was needed to identify and mitigate or eliminate workplace hazards by stimulating employee buy-in to safety. A recent JHA process study by the CPWR (Center for Construction Research and Training) submits: Complacency Ineffective communication from management Isolation of upper management from jobs
Construction Industry JHA Process Ineffective? Read More »
It was during a camping trip that two groups learned standard operating procedures differences can be considerable. For example, building a campfire: One group had a process. They stacked kindling log-cabin and teepee style then carefully inserted moss and other materials in their firestarting structure. The other group tossed a bunch of twigs together and lit
Your Construction Company Business Plan Read More »
When people realized they could work anywhere, the stampede from downtown offices was epic. And not only did “anywhere” mean nearby city suburbs, for many it meant anywhere warm. Anywhere fun. Anywhere their kids could get a great education. Anywhere. Apartment construction went beyond lucrative to high-demand, especially in the South. Strategies To Stay Ahead of
Apartment Construction Demands High; Pitfalls Deep Read More »
