construction
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…
Generally, as real estate development increases, so does construction work. To that end, contractors may want to start looking at qualified opportunity zones (QOZs) in their markets for project opportunities…
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…
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…
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…
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…
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…