ABC National Craft Championships: 2014 Winners and How to Get Involved in 2015

ABC's National Craft Championships celebrates the training efforts of chapters and member companies by testing trainees’ expertise via a written exam and hands-on competitions for 11 different crafts. This year’s event, held April 30-May 2 in Birmingham, Ala., as part of the 2014 ABC Workforce Development Conference, featured 156 competitors.

Projecting a Professional Image

Robert Stuart is proof that a little interest and mentorship from a construction business owner can go a long way toward bringing talented people to the industry.

Preparing for a Professional Liability Insurance Renewal

While it is rarely fun to evaluate the percentage of revenues needed to estimate the proportion of risk to liability, this annual process remains very important in not only guarding corporate assets and the balance sheet, but also protecting the company’s credibility in a skeptical and unforgiving marketplace. 

How to Deal With a Company in Financial Distress

In order to understand how to properly deal with a company in financial distress, it is important to understand the key indicators. While it may seem obvious to measure financial distress by a lack of cash to operate the business, many warning signs are present before the financial storm actually hits. 

How the New Revenue Recognition Accounting Standard Will Impact Contractors

  The most significant change made by the new revenue recognition standard is replacing the longstanding accounting concept of recognizing revenue when it is realized and earned with a new concept of recognizing revenue upon completion of a “performance obligation.”

Four Keys to Properly Pricing Equipment

Equipment accounts for a large percentage of the costs on most construction projects. Contractors that do not properly track their equipment costs may lose the chance to recoup the substantial money they have spent to rent or own their machines.

America’s Unstructured Infrastructure Strategy

There is little chance the United States can pay back its accumulated debt obligations, relieve congestion, promote public safety, embrace innovation, accommodate population growth, and enhance productivity without radically increasing infrastructure investment. Public-private partnerships represent the only conceivable solution, even if it is only a partial solution.

Best in Show

In just three years, Clark Construction’s Tampa, Fla., office and members of the local community have raised more than $65,000 via a car show benefitting Everyday Blessings. The nonprofit organization allows siblings who have been removed from their homes due to abuse, abandonment or neglect to stay together in a safe and stable environment and provides them with the support they need.

Building a Fraud-Free Worksite

The sheer complexity of the construction industry leaves businesses vulnerable to a litany of fraud schemes, the majority of which are not new. However, organizations can implement anti-fraud controls to limit the risk of corruption and ensure an effective compliance program.

Deriving the Most Value From an MIS

Some red flags that indicate a contractor’s MIS may not be functioning properly include key project and financial reports that are difficult to understand or interpret; projects that exhibit late-stage profit fades; unexpected or unexplained unfavorable cash flow issues; or projects that consistently reflect late-stage under-billed positions.

 

Three Contract Options for Differing Site Conditions
The only limit the parties have in drafting a site conditions provision contract...

Stay Ahead of the Contractual Curve
Construction is a risky business and so is predicting the future. Looking forward...

Construction’s Cybersecurity Challenge
In today’s evolving information technology world, addressing security risks...

A Small Team With a Big Heart for Service
“While it may not be large amounts of monetary donations, we are often called...

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