Don't Just Check the Compliance Box

A monumental shift is taking place in the construction industry regarding training operators in the safe use of equipment. While OSHA acknowledges that training is an essential part of every employer’s safety and health program, the degree to which that is currently required depends on the complexity of the environment and the actual work equipment being used. 

Retiring? Consider an Employee Stock Ownership Plan

While employee stock ownership plans (ESOPs) function to reward employees with an ownership stake in the business they helped build, they can also offer tax advantages as an ownership-transition vehicle. Yet only about 11 percent of construction companies had ESOPs in 2016, according to research by the National Center for Employee Ownership. Further research shows that companies that set up an ESOP tend to increase annual sales, employment and productivity an average of 2.5 percent.

Why Construction Companies are Using GPS Tracking - and What Workers Think About It

  More than a third of 1,000 U.S. employees in an independent survey say they have been tracked by GPS on the job. For workers in the construction industry, that number shouldn’t come as a surprise.

Large-scale (and even some not-so-large-scale) construction projects require a lot of workers and vehicles to transport tools and materials. Add multiple jobsites to that equation, and those workers and vehicles multiply too. With so many moving parts (literally), many construction companies are turning to GPS tracking software for help.

Negligence Claim Proves Designers Can Be Held Directly Liable to Subcontractors

Is it reasonable for a subcontractor bidding on a design-build project to assume that the designer has followed the owner’s requirements in preparing the preliminary design documents? The answer is yes, according to a recent ruling by the U.S. Court of Appeals for the 11th Circuit, which affirmed a jury verdict from the District Court. The ruling was in favor of two paving subcontractors against the project engineer, Jacobs Engineering Group, Inc. 

Negotiating a Contract: Clauses, Changes and Delays

Beginning with a sound construction contract can have a significant impact on a firm’s profit, loss, reputation and overall ability to manage a project. 

Risk shifting is the contracting norm, and attorneys across the country scrutinize contract clauses when deciding which client will prevail. In the sterile vacuum of negotiation, the owner and contractor presumably reached an understanding of the meaning of the contract terms. However, once a dispute arises that impacts costs or project milestones, the meeting of the minds becomes cloudy. 

There Is Pervasive Non-compliance With the IBC for Fire-rated HVAC Assemblies

  A recent multi-state market analysis has revealed that industry standard horizontal HVAC fire-rated duct assemblies are not in compliance with requirements of the International Building Code (IBC).  

Widely used in multi-story and commercial structures of all types, horizontal HVAC fire-rated duct assemblies serve a basic purpose: to manage hot gases for a period of time during a fire so occupants and first responders are safe. Specifically, these fire-rated duct systems must be rated for two hours or more. 

Reduce the Stress of Implementing ASC 606

There is no time to waste in beginning the implementation process for the Financial Accounting Standards Board’s (FASB) new revenue recognition standard, Accounting Standards Codification (ASC) 606. Companies will find differences in some of the methods of recognizing revenue in the future, so taking a proactive approach to ASC 606 can help reduce the stress of implementation.

Exploring Self-funded Health Care Plans

While it’s important to keep up with the news surrounding legislation to repeal and replace The Affordable Care Act, many contractors would be well served to consider another insurance strategy right now: partially self-funded health insurance plans. The bottom line is that the company is going to pay for a lot of employees’ medical care, so it’s important for staff to be mindful of costs because they drive premiums. This conversation alone—that employers and employees shoulder the cost of care together, and that both must be better stewards of those assets—can be a major driver of reduced costs. Aligning the interests of employees and their employers is critical in all aspects of profitability and success. 

Service Relationship Management Keeps the Connected Jobsite Running

The construction industry has become increasingly reliant upon connected data through the industrial internet of things (IIoT). The Association of Equipment Management Professionals has even produced an ISO-certified data schema for exchanging worksite data from connected assets independent of manufacturer.

Achieve a Well-oiled Machine With Modern Materials Management

Construction projects are often compared to manufacturing assembly line operations—insomuch that they are nothing alike. The typical construction project has so many moving pieces being assembled in unique ways and in varied locations, making no two projects exactly the same.

 

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