construction business

Reducing Construction Equipment Downtime

Construction equipment maintenance is something for which we plan. Unfortunately, we must also plan for unexpected equipment maintenance and repairs. We pad our bids in the hopes we can cover project surprises and slowdowns because – no surprise here – there are always unexpected construction equipment challenges. Proactive Construction Equipment Management If you’re looking for […]

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3 Principles for a Better Construction Business

Construction challenges are nothing new. But the issues we’re now facing are different. Labor, materials, supply chain, and yes pandemics impact architectural construction business companies as much – maybe more – than contractors.  One thing that never changes in any construction business is customer care. CX (customer experience) company Client Savvy notes if clients expect

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5 Ways Cameras Benefit Construction Industry Projects

Think about how often and the variety of ways we use cellphone cameras. Camera information enhances personal and professional activities almost daily. Digital Imagery for Construction Industry Worksites If you’re using free satellite imagery to monitor project sites… Well, you get what you pay for. The technology is often outdated and unreliable. Digital imagery technology

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Updated Construction Industry Metrics That Matter

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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Types of Construction Loans

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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Managing Frustrations in Construction Management

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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5 Construction Business Tips for Dealing With Jerks

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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Who’s Your Worst Enemy in the Construction Industry?

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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