From the category archives: Business

Business

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. 

Proposed Death Tax Increase Targets Family-Owned Businesses

The U.S. Department of the Treasury issued proposed regulations targeting the valuation practices of family-owned businesses that would lead to dramatically higher estate and gift taxes by eliminating the use of discounts currently permitted.

Medical and Benefits Costs Are Top Concerns

Fifty-six percent of construction businesses surveyed for the 2016 Travelers Risk Index report they worry most about medical cost inflation and legal liability, followed by rising employee benefits costs and broad economic uncertainty. Rounding out the top eight construction business concerns are attracting and retaining talent, employee safety and workplace violence, legal and regulatory compliance, and cyber risk and data breaches.

Preliminary Injunction Granted Against ‘Blacklisting’ Final Rule

On Oct. 24, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction that prevents the Federal Acquisition Regulatory (FAR) Council from implementing the Fair Pay and Safe Workplaces final rule, commonly referred to as the blacklisting rule, which was scheduled to go into effect on Oct. 25.

How Do the Employee Benefits You Offer Aid Retention and Curb Turnover?

We could have the best programs in place, but if our employees can’t navigate the plan, it hurts them and our bottom line. Our internal benefits team provides education, claim assistance and even billing negotiations. 

 

Celebrating 30 Years With 30 Acts of Kindness
VCC has given more than $2 million to charities across the country since being...

What Merit Shop Contractors Should Expect From the Trump Administration
While controversies over the first nominee for Secretary of Labor slowed implementation...

How do you tap into employees’ most valuable talents and talk to them about career advancement?
"One of our company’s greatest strengths is that it is employee owned. Our more...

Bringing Health Care to Retail Centers
With hospital stays becoming more expensive, the federal government reducing...

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