construction

An Update on the Employee Retention Tax Credit for Construction Companies

When the pandemic hit in 2020, the federal government rolled out the Employee Retention Tax Credit (ERTC) under the CARES Act. Federal government officials and lawmakers created the credit to…

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Could CRM Software Help Your Construction Business?

When you read the words “construction software,” the first thing that may come to mind is an application that helps you plan or execute projects. Although this is certainly common,…

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Be Mindful of Backlog: Yours and the Industry’s

In the construction business, backlog is generally defined as the total value of all the projects a construction company has signed contracts for but has yet to complete. The construction…

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Protecting Your Construction Business From Ransomware

Construction businesses are an attractive target for ransomware attacks. In fact, according to a recent study by NordLocker, a developer of encryption software, the construction industry was targeted more often…

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What Are Your Construction Company’s True Labor Costs?

The construction industry is more competitive than ever, so accurate estimates are critical. Labor is usually among the largest costs associated with any project; even small errors in this part…

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5 Great Professional Industry Associations for Construction Management Professionals

Nearly 8 million people are employed within the Construction sector of the United States. A great way to access that network of people is through professional associations. Not only can…

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Cash Flow Management Fundamentals for Construction Businesses

Construction companies have always faced challenges when it comes to cash flow. The difficulty largely stems from the often-lengthy gaps between winning projects, doing the work and receiving payments. As…

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7 Ways Construction Companies Can Address Materials Costs

Although the overall costs of construction materials nationwide have stabilized somewhat this year, many contractors still likely face challenges in this area. The price of specific types of materials continues…

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How Construction Business Owners Can Make Succession Planning Easier

Creating a comprehensive and actionable succession plan is rarely easy for business owners. It’s certainly a challenge for most contractors, who may find it difficult to step away from the…

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Profit Fade Is a Persistent Threat to Construction Companies

“Don’t settle for second best!” Just about everyone has encountered this phrase in various commercials and ad campaigns over the years, and it’s a good ideal to aspire to. Unfortunately,…

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