Construction companies have often been difficult to buy and sell because: More recently, buying and selling as well as acquisitions and mergers of construction companies have declined due to higher interest rates. Construction companies are nothing if not creative. Business owners are utilizing employee stock ownership plans (ESOPs) as another way to receive liquidity for ownership […]
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When a construction project flows smoothly and efficiently without complications it’s perfect; seamless. We know from experience that one small glitch can have a huge cascading effect leading to delays, greater safety risks, and cost increases. One way to mitigate project problems is by understanding and improving construction jobsite performance. Improving Construction Jobsite Performance, Efficiency
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You rarely go a day without using your cellphone’s mapping app or streaming television programs. Technology is terrific. As our industry continues to be technology-driven, you have many choices for software that will save time and money. You can also invest in software for making money by generating construction business leads. Generating Construction Business Leads
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The construction industry accounts for almost half of slips and falls in the workplace. The majority of falls are ground-level but falls from elevations cause the most fatalities. The majority of fatal elevation falls occurred from a fall of more than 30 feet, followed by falls of 10´ or less. Collapsing equipment and falls from
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The U.S. averages 21 trench deaths annually. But 39 people died in trench accidents last year and the increase is troubling. OSHA launched an outreach campaign in April 2023 to increase awareness of trench injuries and fatalities in the construction industry. Trench boxes are one of the best solutions to protect construction workers. However, not
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Beginning with the pandemic and continuing through 2022, contractors learned the hard way how material shortages, labor losses, and rising prices can lead to contractual disputes. Protective contract clauses may protect you. But it’s critical for you and your legal representatives to always push for clarity before contract commitments are signed. The construction contract is the
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Solutions for construction labor shortages are often about change. Change your company culture. Upgrade your hiring strategies. Apply different values to enhance employee retention. One of your constants is the value construction equipment provides your organization. Here are suggestions to help you use and/or modify your equipment to compensate for labor shortages. Equipment Attachments Can
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Almost two years later, we’re still unsure exactly how the Build America, Buy America policy is supposed to work. But the government isn’t too clear, either. One of the offshoots of ignorance and uncertainty is fear, and construction contractors worry when it’s finally decided how to implement the Buy America policy, compliance will drive prices through the
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Your role as office manager or accounts receivables/payable wizard provides singular knowledge of what makes your construction company survive or thrive. You also have a unique opportunity to cultivate employee engagement during a time when companies are competing for labor. Here are 3 ways to develop employee engagement within your organization. 1. Get To Know Them
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Why is cost estimation so critical? The obvious logic – you don’t want to go broke – isn’t the only reason. It can take longer to recover from project profit hits due to bad estimates: Recently, construction project estimates include best guestimates for delivery delays and material shortages. “Cost is the most important factor in determining whether or
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