construction

9 Essential Types of Insurance for Construction Companies

Comprehensive insurance coverage might seem like a luxury for many contractors. After all, you’re likely dealing with rising costs from supply chain uncertainties, tariff-impacted materials prices, and a tight labor…

4 Tax-Savvy Wealth-Transfer Strategies for Contractors

Most long-time construction business owners reach a point when they start thinking about not only their own retirements but also their families’ financial security. Whether you’re at that point or…

What Construction Companies Should Know About IDIQ Contracts

Historically, many construction businesses have engaged in federal contracting because the projects tend to be plentiful, with little doubt about the payer’s solvency. However, working with the U.S. government today…

Reviewing the Look-Back Method for Long-Term Construction Contracts

Among the most common challenges of any long-term construction project are fluctuating job costs. However, variations in the cost of materials and labor over time aren’t the only cause for…

Contractors Can Calculate KPIs, Too

Successful companies of all stripes use key performance indicators (KPIs) to monitor their financial health and spot red flags. Well, you know what? Construction businesses can do it, too. And…

How Is 3D Printing Affecting the Construction Industry?

If you’re even remotely interested in technology, you’ve likely encountered the term “3D printing.” Sometimes also referred to as “additive manufacturing,” it’s the process of creating three-dimensional objects from digital…

Stay On Guard Against Supply Chain Fraud

Most contractors are no strangers to supply chain problems. Slow deliveries, out-of-stock items, wrong orders — what else could go wrong? Well, fraud, for one. How does it happen? The…

Is Your Construction Business Ready for Connected Jobsites?

Construction jobsites used to be decidedly unfriendly places for mobile technology. You wouldn’t, after all, want to lose your laptop to a steamroller or drop your smartphone in a cement…

Infrastructure Jobs Call for Due Diligence

Since its enactment in 2021, the Infrastructure Investment and Jobs Act (IIJA) has spurred tens of thousands of projects nationwide. And the IIJA — along with state and local efforts…

Construction Companies Should Approach Drone Purchases Carefully

They say there are two kinds of contractors these days: one that uses a drone and another with a drone on back order. It’s debatable whether anyone actually says this,…