From the monthly archives: May 2014

We are pleased to present below all posts archived in 'May 2014'. If you still can't find what you are looking for, try using the search box.

The Pursuit of Operational Perfection - Part 2

Construction organizations that aggressively strive to incrementally improve the quality of the conditions of their production environment while in the pursuit of daily crew production flow will differentiate themselves from their competitors. They will enjoy significantly improved productivity as they get closer to their vision of zero incidents and zero defects.

The Financial Implications of Tier 4 Implementation

Contractors will see an increase in the cost of Tier 4 equipment, which has been the case during the last few years with the evolution of the products. The 10 percent to 25 percent increase comes from the engine design, build and installation, as well as government requirements. 

Handling Municipal Bankruptcies on Public Works Projects

Although public works projects are projected to remain a major source of construction activity for the foreseeable future, municipal bankruptcy filings are on the rise—a trend that is likely to continue. Construction attorneys need to know the risks of a
public owner filing for bankruptcy protection before project completion, and what to do if that occurs before the project is closed out, thereby jeopardizing the owner’s ability to pay.

Increasing Profitability Through Efficiency

  Tight margins and operating profits have made it difficult for most contractors to increase the cash level on their balance sheet and build up the strong working capital and equity position that banks and bonding companies hold in high regard. To win bids in this environment, contractors must look for ways to gain efficiencies on projects as well as in the office.  

Executive Insights: Finance

  Financial and technology experts weigh in on investing in new technology, moving to the cloud, automating labor information, managing compliance, understanding working capital and equipment financing, and getting involved in P3s.

Capital Ideas: Strategically Managing Excess Cash

When it comes to managing excess cash, companies can sit on it, use it to buy property or assets, or invest it in CDs, money market funds, bonds or stocks—or some combination of these things. However, in most intermediate and long-term cases, sitting on cash isn’t the smart play.

How Does Diversity in Your Workforce, Partnerships or Supply Chain Benefit Your Bottom Line?

Contractors from Florida, Colorado and Texas explain why diversity is a competitive advantage in their businesses.

A Culture of Giving Back

For the past 15 years, Sundt Construction, Inc. has been awarding grants and sponsoring volunteer events through the Sundt Foundation. There are more than 500 members of the foundation, whose grants exceeded $500,000 in 2013 alone—illustrating that helping others is not just a small piece of Sundt, but rather an integral part of its culture.

Eight Frequently Asked LEED Questions

Much of LEED is in the details, which can be daunting for general contractors to stay on top of. Following are answers to eight credit requirements that get questioned the most.

A Risky Business

All construction projects have a defined set of risks—from bad weather, non-payment and schedule delays to safety, permitting and regulations—but how those risks are mitigated and distributed among all parties varies greatly. Three industry stakeholders—a small subcontractor, a mid-size general contractor and a large self-performing developer—explain their strategies for distributing risk as fairly as possible, as well as mitigating their own risks.
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Industry Changes Push AEC Firms Toward Proactive Recruitment
When it comes to recruitment, the AEC industry is grappling with an already...

Gauging the Swing of the Republican Pendulum
As suddenly as the window of opportunity blew open for Republicans by the winds...

Q: What does it mean for your company to be employee-owned?
Employee ownership allows Choate to share long-term success with our employees...

Service Above Self
Two years ago, Gary Neal—an engineer and project manager with MEC Contractors...

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