From the category archives: Business

Business

How do you make sure priorities set at the executive level are disseminated, understood and acted upon throughout the organization?

  The goal deployment process drives accountability and ownership. Our objectives are tied to significant and measurable results. This strategy drives alignment across the company and focuses everyone on key objectives and projects that move the needle versus daily firefighting. 

Executive Insights

  Insurance experts discuss bonding capacity, subcontractor prequalification, captives, credit insurance, trends impacting middle-market contractors and what to bring to an initial meeting for establishing a bond limit.

Partnering With Distributors for Efficiency

Contractors don’t need to look far to find organizations that specialize in moving materials. Distributors and suppliers, and even manufacturers, can be considered part of the food chain. 

Surviving the Recovery

Understanding costs, running a lean operation, avoiding onerous contractual obligations and focusing on the bottom line rather than the top line are the keys to success. 

Construction Executive Launches Professional Education Webinar Series

Upcoming free webinars include: The Survival Guide for Project Managers (March 9); Navigating Your Journey to Lean (March 16); Top 10 Critical Processes to Automate (March 22 ); and ELD Is Here: Is Your Fleet Prepared? (April 27).

Scorecard Identifies How State Policies Impact Business Growth

Arizona, Louisiana and Virginia earned high-performing grades in Associated Builders and Contractors’ (ABC) new “Merit Shop Scorecard” for creating an environment where merit shop contractors are well positioned to succeed. Conversely, New Mexico, Alaska and New York received poor overall rankings by earning a D or F grade.

Technology Helps Address Working Capital Challenges

The combination of payment delays and uncertain timing creates cash flow and working capital challenges that can limit subcontractors’ growth and create financial strain. Technology has a role to play in solving this problem by helping fundamentally alter the flow of funds in construction payments to address subcontractors’ working capital woes.

What Are Some of the Lessons You’ve Learned From Expanding Your Business Into a New Geographical Area?

Three key lessons we have learned are the value of relationships, the importance of understanding the local market and that our objective for being in the new market must be clear.

Planning for a Successful Business Partnership

A successful partnership needs more than a great underlying business idea. It needs to be ushered into the world by partners with chemistry, and it should be built from the ground up to anticipate and withstand the issues it will inevitably face.  

Born to Lead

Be intentional. This is David Chapin’s mantra for leadership in all walks of life. Whether he’s helping run the family business, coaching his son’s baseball team, volunteering for his church—or stepping up to the role of 2016 national chairman of Associated Builders and Contractors (ABC)—he believes everything worth doing should be guided by a plan and a greater purpose.  

 

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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