construction
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…
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…
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…
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…
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…
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,…
As you know, every construction project doesn’t require bonding. However, once your company starts working on jobs that do, your ability to obtain performance bonds of the requisite value becomes…
The construction industry has made great strides in overcoming the outdated perception that it’s rife with corruption. Unfortunately, the fact remains that contractors lose hundreds of thousands of dollars a…
With the Trump administration imposing broad-based tariffs on foreign goods and materials, many construction companies are thinking about the potential increase in materials costs on their projects. There are many…
Digital transformation is a very real trend in many industries, including construction. The term refers to a business’s conscious effort to integrate digital technology into every area of its operations.…
Earned wage access (EWA) is catching on across various industries. Many different types of employers are using it to help attract and retain employees, but is it a viable option…
When project owners invest in construction jobs, they invariably look for long-term value. Whether road, residence or commercial real estate, the final deliverable needs to stand the test of time…
Contractors often struggle to find suitable buyers for their companies when they’re ready to retire or otherwise move on. That may be why many construction businesses implement employee stock ownership…
Under a performance bond, a legally binding agreement is established between a construction company, a surety (the bond provider) and a project owner. Essentially, the bond guarantees that the business…
If you’re like most busy construction business owners, you have plenty on your plate. Adding anything more to it is likely a tall order unless that item is going to…