Four Common Paths to Transitioning Ownership

Throughout the next decade, numerous baby boomers who own construction businesses will retire and exit the marketplace. For many, a good portion of their personal wealth is tied up in the business. To maximize financial gain upon retirement, owners will benefit from a well-planned transition strategy.

Why It’s Construction’s Time for E-commerce

While the business-to-business wave of e-commerce technology might not be generating as much buzz as the platforms people are most familiar with (Uber, Amazon, etc.), it can deliver serious benefits for equipment and materials procurement in the construction industry. 

According to estimates by market research firm Forrester, business- to-business e-commerce will reach $1.2 trillion and account for 13.1 percent of all business-to-business sales in the United States by 2021. At the end of 2017, Forrester expects e-commerce to reach $889 billion and represent 11 percent of total business-to-business sales in the United States.

Service Above Self

Two years ago, Gary Neal—an engineer and project manager with MEC Contractors-Engineers, West Melbourne, Fla.—met up with a couple other local young professionals to devise a fresh way of networking. Seeing a void in a unified voice for their generation, they started 321 Millennials to bring together professionals in Brevard County, Fla., who care about the future of their community. 

An Inside Job: Use Indoor Construction Cameras to Monitor Workflow and Safety

Indoor construction cameras can give project managers the ability to remotely monitor interior construction on multiple jobsites. They can provide the immediate benefit of helping managers discover chokepoints in the workflow and where improvements can be made in safety and security. 

The New Advantages of Tin-plated Roofing

In addition to lasting 40 or more years depending on the material, metal roofing is significantly lighter in weight than standard tiles, 100 percent recyclable, and will not spark or flame during fires or if hit by lightning. 

How Technology-enabled Collaboration Will Streamline Engineering Economics

  Fueled by the adoption of the cloud and new advancements in information management, machine learning and big data, fabricators and manufacturers will become more agile, gaining more control and predictability of their supply chain.

Stop Neglecting Energy-consuming Elevators

A primary consumer of energy is one of the most neglected by building professionals: elevators. They can devour as much as 10 percent of a building’s energy. If ignored, elevators can quickly become an environmental and economic drain. 

Survey Gives Insight on Architecture and Engineering Firms’ HR Practices

Forty-two percent of all responding firms did not have a full-time HR department, and 81 percent of respondents said that the person in charge of HR functions participates in the firm’s annual business planning process. 

Baton Rouge Leads U.S. Cities in Construction and Extraction Jobs

When it comes to construction and extraction (C&E) job opportunities, Baton Rouge, La., is the place to be. However, when looking at the cost of living, C&E workers in second-place Detroit got a bigger bang for their buck.

U.S. Transportation Market Set to End 2017 on High Note

  Airports and ports should continue to experience strong activity through the end of 2017, with increased traffic driving related construction spending on upgrades and expansions. Toll roads will see a more modest boost in revenue due to toll increases and will continue to face resistance from anti-toll groups. 

 

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