Report Examines DNA Of Construction Entrepreneurs

  Sixty-two percent of construction small business owners have seen increases in revenue and 64 percent have seen profits increase, according to Hiscox’s eighth annual DNA of an Entrepreneur report.

Merit Shop Scorecard Grades State Construction Policies

  Louisiana, Virginia and North Carolina earned the top three rankings in Associated Builders and Contractors’ latest update to “Building America: The Merit Shop Scorecard."

What’s One Thing Your Company Wants to Achieve or Do Differently This Year?

  In 2017, we will focus on the development and strategic execution of these new efforts, as well as targeted and strategic marketing efforts based on our vertical markets and areas of expertise.

The Unexpected Benefits of Project Management Software

The proliferation of project management software and services is nothing less than overwhelming. Even the companies that have established a base level of use of project management software continue to be challenged by whether advancements have overtaken the usefulness of existing systems to suggest an overhaul or implementation of a new system.

It’s Time to Talk About Occupational Fraud

Safeguarding assets from fraud is an important objective for every company. It will take an all-hands-on-deck approach to be successful, and it starts at the top.  

Curb Discovery Costs With a Tailored Arbitration Clause

Arbitration is premised on using arbitrators with knowledge of the subject matter to conduct more efficient proceedings. A lot of the uncertainty and expense can be eliminated with a well-crafted arbitration clause.  

Working Backward From a Budget With Target Value Design

When construction firms help owners get the absolute most out of every dollar of their investment, they can not only win the work, but also earn a client for life. Rather than letting design drive the budget, which often results in the need to “value engineer” later in the process, target value design is an approach in which the budget drives design decisions, occurring very early in preconstruction. 

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.

 

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...

Crowdsourcing a Charitable Beneficiary
In March, Faith Technologies, Menasha, Wis., gave $5,000 to the Boys & Girls...

Capital Infusion: How to Optimize Forthcoming Construction Lending
Many areas of the United States are seeing a resurgence in construction starts...

What is your proudest safety moment?
"M. Davis & Sons is a fifth generation construction company that builds, installs...

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