Construction companies are seeking ways to work with what we’ve got. We have a labor and skilled trades shortage. You can’t control some things, but construction worker productivity is something you can manage. Financial services professional Gary Bartecki says your competitors want to leave you in the dust when bidding on projects. Improving construction worker productivity […]
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The goals of the Affordable Care Act included: Despite controversy and challenges, the ACA remains the most significant medical insurance overhaul in recent history. Its impact on construction industry healthcare has been notable for companies with 50+ employees. ALEs (applicable large employers) are liable for ACA penalties. Trades with a higher percentage of penalties are healthcare,
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Inflation, the labor shortage, and a national skills gap have raised construction industry wages like never before. Despite higher pay, hiring, and retention continue to be a huge problem for the construction industry. It’s going to take more than money, especially for hard-to-fill jobs. Because we have more retirees and fewer new hires we must reevaluate
Hard-to-Fill Construction Industry Jobs Read More »
AP (accounts payable) is a critical component of your company’s 2023 management because it impacts your income and profits. There are three accounts payable construction trends impacting our industry this year. In a small business, the person who pays your vendors, subcontractors, and collects tax info for your tax professional is your accounts payable department. This is a
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Women that serve as mentors and teachers as well as industry advocates are needed to promote women in construction careers. For years, women made up only 10% of the construction industry workforce. “The infrastructure bill represents a once-in-a-generation opportunity to expand women’s access to good jobs in construction trades,” said the Center for American Progress
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“Contech” is a relatively new word because construction technology is in its infancy. We were slower to implement construction industry technology than other industry sectors, but we’re catching up fast. Construction people are problem solvers. So that’s what we want from our technology: solutions. Here are several contech innovations that will provide answers to some
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Have you wondered why many 2023 construction business predictions seem to conflict? Reputable sources say this year in construction should be better. Others say it may be worse and many say it will be about the same as last year. No, you don’t need new reading glasses. For this year, you may need bifocals. Construction financial
Construction Business Planning 2023 Read More »
What is stronger than steel, more robust than concrete, and more flexible than wood? Bamboo is the new and trending sustainable material for the construction industry, but it’s older than time. The bamboo plant was here before humans. Chinese people used it to construct houses 5,000 years ago. Money in the hand is the Yankee
Green Steel in the Construction Industry Read More »
There’s sometimes confusion about the definition of “brand.” The best and most-used example is this: A brand is not the logo identity and design of a box of cornflakes. The brand is what’s inside the box: the cereal’s reputation for consistency, integrity, and value. Your brand is the way your clients connect to what you
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The United States Northeast Corridor (NEC) is the railroad line that connects Boston to Washington, D.C., serving more than 80,000 passengers every day. In 2022, the FRA (Federal Railroad Administration) announced its plan to refurbish existing NEC lines. The $100+ billion project will continue through 2035. This is a repair-and-update construction industry project. It’s housecleaning. No new
Construction Industry Challenges: Public Transportation Projects Read More »
