construction
Every company is a team effort, but construction businesses really depend on teamwork. Everyone must come together to win profitable jobs, complete them to the highest quality and quickly move…
Like most construction businesses, yours probably invests in physical assets regularly. These may include equipment, vehicles, and computing devices and software. If so, you’ve probably been keeping an eye on…
Construction is a high-risk industry. Many contractors convert their businesses to C corporations to avoid personal liability for financial claims against their companies. Although doing so makes sense from a…
In today’s challenging real estate and construction landscape, many borrowers face pressure on loans tied to property development, investment, and rental operations. When the market shifts, property values fall, and…
A 2024 survey conducted by consultancy FMI in partnership with the Construction Financial Management Association found that 58% of contractors who responded didn’t have an “ownership transition plan” in place.…
Rising materials costs have become a persistent challenge for construction companies of all sizes. But they hit small- to mid-sized businesses especially hard. Your profit margins can quickly shrink or…
When it comes to adopting new provisions in the One Big Beautiful Bill Act (OBBBA) for the construction industry, one of the most important amendments is the exception to using…
Contractors: Don’t blame yourself if you’ve been running on the assumption that your company is ineligible for the federal research and development (R&D) tax credit. Many people believe the potentially…
Operating a construction business requires actively and comprehensively addressing workplace safety. The well-being of your employees depends on how successfully leadership creates, deploys and upholds comprehensive policies and procedures for…
With tariffs, interest rates, and other factors continuing to drive economic uncertainty, cash flow management should be a top priority for construction businesses. Here are nine tips for better maintaining…
“Where did it all go wrong?” If you’ve been in the construction business a while, you may have asked yourself this question when a claim by a project owner or…
It’s been about a month since the One, Big, Beautiful Bill Act (OBBBA) was signed into law. Now that the dust has settled, construction business owners and their leadership…
Stalled construction jobs are far from unusual. Earlier this year, software developer ConstructConnect’s Project Stress Index indicated that private projects put on hold had more than doubled over the preceding…
Building information modeling (BIM) has been around for a while. Yet the concept and software continue to evolve. New developments — including artificial intelligence (AI) — are pushing BIM to…
Payroll complexity is just one of the reasons why running a construction business differs from managing other types of companies. Let’s review four major payroll challenges you and your leadership…