From the category archives: Business

Business

Merit Shop Scorecard Grades State Construction Policies

  Louisiana, Virginia and North Carolina earned the top three rankings in Associated Builders and Contractors’ latest update to “Building America: The Merit Shop Scorecard."

What’s One Thing Your Company Wants to Achieve or Do Differently This Year?

  In 2017, we will focus on the development and strategic execution of these new efforts, as well as targeted and strategic marketing efforts based on our vertical markets and areas of expertise.

It’s Time to Talk About Occupational Fraud

Safeguarding assets from fraud is an important objective for every company. It will take an all-hands-on-deck approach to be successful, and it starts at the top.  

Working Backward From a Budget With Target Value Design

When construction firms help owners get the absolute most out of every dollar of their investment, they can not only win the work, but also earn a client for life. Rather than letting design drive the budget, which often results in the need to “value engineer” later in the process, target value design is an approach in which the budget drives design decisions, occurring very early in preconstruction. 

Industry Game-Changers

Typically, disruption in the workplace is counterintuitive to productivity. But in terms of creating innovative ways to manage people, processes and technology, the concept of “disruption” isn’t such a bad thing for the construction industry. Change is stirring whether contractors are ready for it or not, and firms that have adopted new ways of managing scheduling and workflows are seeing stellar results—earning the accolades of repeat projects for key clients, as well as happy project partners.

Five Tips for Getting the Business Intelligence Dashboard You Want

Select a business intelligence solution that acts like Switzerland: willing to work with any data source out of the box. 

Internal Controls Prevent Construction Losses

Internal controls stem from the idea that no one individual should have complete control over a given transaction process and that there should be proper segregation of duties among individuals involved in every process. By spreading responsibilities among employees, companies can mitigate the risk of fraud. Practically speaking, this means separating the preparation, recording and approval of a transaction among multiple people.

2017 Tech Predictions

  When Star Trek™ debuted 50 years ago, who would have thought the technology employed on the Starship Enterprise would one day be used on construction jobsites. Crew members carried a communicator, which looked much like yesterday’s flip phones. The Combadge was a wearable communication device, and Lt. Uhura wore a wireless Bluetooth-like earpiece. When Captain Kirk asked a question or gave a command, the computer responded remarkably like Apple’s Siri or Amazon’s Alexa. The Replicator produced food, tools and other objects, much like today’s 3-D printers. The ship was a model of operational efficiency many construction firms strive to achieve.

A Win-Win Vision

Today, Goodrich occupies the office of the president at Gaylor Electric, a position he has held since 2014. The office itself tells quite a story: It is covered floor to ceiling in pictures, plaques and memorabilia highlighting everything from Indiana sports teams to company and family achievements, past Republican presidents and a love for ABC. This year, his passion for merit shop construction is widening in scope as ABC’s national chairman. 

Rigging Supplies: New Model Speeds Delivery and Selection

Frequently, purchasing rigging equipment is left to the last minute, either because it is an afterthought or because it is unclear what specifications the rigging requires for the job. To help make construction professionals more competitive, proactive rigging suppliers are offering a more responsive purchasing model. 

 

2017 Insurance Market Forecast
The insurance industry’s surplus is currently at an all-time high—increasing...

A Tip of the 'HAT'
When Michelle Jones, an instrumentation engineer with Hargrove Engineers + ...

Building a Relationship-Based Career
When Brooke Wenger started at Triad Engineering, Inc., Hagerstown, Md., as a...

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