From the category archives: Business

Business

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 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.

CRE Financing Recovery Doesn’t Extend to Construction Loans

  Nonresidential construction activity cannot recover on a complete and sustained basis without the reengagement of capital markets in the creation of commercial real estate (CRE) and construction loans.

Contractors’ Confidence Levels Rise

During the second half of 2013, Associated Builders and Contractors’ Construction Confidence Index indicated growth for contractors’ sales, staffing levels and profit margins.

Maryland Businesses May Face Sick Leave Mandates

  The Maryland General Assembly is considering legislation that would force many business owners to provide all full-time employees with one hour of paid sick leave for every 30 hours worked (capped at 56 hours per year).

Reform Bill Would Lower Contractors’ Tax Rates

The Tax Reform Act of 2014, released in draft form by U.S. House of Representatives Ways and Means Committee Chairman Dave Camp (R-Mich.), would lower the top tax rate for construction businesses from 35 percent and 39.6 percent to 25 percent regardless of entity-level structure.

The Pursuit of Operational Perfection - Part 1

The retirement of older workers, the job losses predicated by the economic downturn and the perception of construction work as a “last choice” all point to a shortage of qualified craft professionals at a time when demand for massive upgrades to infrastructure, industrial facilities and commercial space is on the horizon. There is no doubt of the need to attract, recruit and train large numbers of new construction workers. In the meantime, another way exists to defer the impact of this pending shortage of workers: dramatically improve the use of the current workforce.

BizCon: Strategic Thinking for Construction Leaders

ABC's 2014 BizCon brought 350 construction industry members together to discuss emerging markets, major challenges and trends, and leadership opportunities. The event featured three panel discussions and two keynote addresses—all geared toward helping attendees run more profitable and productive businesses.

New Export Regulation Requirements Take Effect

Businesses that frequently import and export construction equipment across the United States and Canada border will have an extra step to take once the upcoming Foreign Trade Regulation (FTR) export requirements are implemented. Beginning April 5, all exporters will be required to file additional Electronic Export Information (EEI) through the Automated Export System (AES) for all exports of used self-propelled vehicles, including forklifts, bulldozers, excavators and many others.

 

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...

Equip Construction Managers to Minimize Safety Risks
Construction managers help shoulder the responsibility of safety, ensuring the...

View this month's Digital Edition
Construction Executive
Print magazine published 10 times per year covering news, market developments and business issues impacting the construction industry 

eNewsletters:
Managing Your Business
Biweekly eNewsletter covering management and financial best practices

Tech Trends
Biweekly eNewsletter covering the latest construction technology trends and products

Risk Management
Biweekly eNewsletter covering surety bonding, insurance, safety and compliance.