construction
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…
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The construction industry has made great strides in overcoming the outdated perception that it’s rife with corruption.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.…