From the category archives: Business

Business

Embrace the Future Through Succession Planning

When preparing a business and its employees for the transition to new ownership, consider the future in a positive light and leave the company in a spot in which it can continue to prosper. 

Court Blocks DOL’s Final Persuader Rule

  The U.S. District Court for the Northern District of Texas issued a nationwide injunction blocking the U.S. Department of Labor from implementing the final persuader rule, keeping it from taking effect July 1. 

Succession Planning and Ownership Transfer: Do It Right the First Time

Many U.S. construction industry leaders are approaching the age of 60 and above, with a recent study conducted by PricewaterhouseCoopers concluding that 33 percent of all construction firms will be transitioned during the next five years. While construction firm owners have vast knowledge in their trade niche, most have limited experience in the sale and divestiture of their own business interests. 

Spending Stabilizes at Elevated Level; Supply Constraints Become More Apparent

While nonresidential construction spending growth struggles to maintain momentum, the balance of 2016 should prove a rewarding period for many construction companies. America’s consumer-led economic recovery remains in place, and construction backlog remains at elevated levels. 

Intelligent Machines

Construction equipment manufacturers are at the ready with a fleet of technology-rich machines that will revolutionize how contractors work. 

Executive Insights

Financial, legal and technology experts explain ACA requirements, the benefits and security of cloud-based accounting systems, the pros and cons of ESOPs, and the benefits of requiring funds control.

All Contractors Will Be Affected by the New Lease Standard

  All construction contractors’ assets and liabilities will be affected by the new guidance to some degree, depending on the company’s circumstances. Contractors that have significant fleet leasing activity are likely to feel the change more than contractors with less leasing activity. 

Come in Ahead of Schedule: It’s Time to Think About ASC 606

  Companies tackling ASC 606  head on will gently glide into the implementation phase in a few years. Those that don’t likely will experience varying degrees of turbulence. 

The Value of an Annual Partnering Meeting

The results of the partnering meeting, as it becomes an annual tradition, will prove to be valuable throughout the year, and help to provide a big-picture view of the construction business that otherwise would not be possible. 

Three Financial Red Flags to Monitor

  A steadfast financial management process fosters teamwork, accountability, communication among departments, and continual learning and improvement so the same mistakes aren’t duplicated. 

 

Mitigate Risk by Managing Information
Modern building and infrastructure projects generate a lot of data, and it’s...

Rethinking Health Care Construction
Outpatient and walk-in urgent care facilities are far less costly for organizations...

Pave It Forward
In September, The PHILLIPS School in Annandale, Va., debuted $150,000 worth...

2017 Construction Outlook
For now, it’s tempting to maintain a somewhat pessimistic outlook. A combination...

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