While there are guidelines and requirements in place to help prevent electrical accidents, there is still a lot of room for error and oversight during the course of a busy workday. According to OSHA data, 30,000 arcs and 7,000 burn injuries occur per year, and more than 2,000 people are admitted to the hospital with severe arc flash burns annually.
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.
It’s an obvious fact: Adding more permanent employees to your payroll increases your workers’ compensation costs and exposure. It’s logical based on the fact you’ll need to pay for additional premiums and you’ll have more employees on the job-site who can get injured which could adversely affect your premium rates. Continue »
In 2016, it seemed as though the United States was always marking time. Everyone was waiting to see which way the presidential election would go and the economy chugged along at 1.6 percent, according to a report by the U.S. Commerce Department. This was a slip from 2.6 percent in 2015—the worst performance since 2011. By contrast, 2017 has been a banner year for the stock market. Optimism over tax incentives and reduced regulation has fueled speculation and enticed money into the market.
A leading provider in software for subcontractors, eSub is offering a free webinar for subcontractors to learn how to: Continue »
If economic performance reflected consumer and business ebullience, the United States would be in the midst of a historic boom.
You know the old saying, “He can’t see the forest for the trees.” It’s easy to get sidetracked by the responsibilities, projects and people that need tending to every day and ignore the bigger picture. Executives and business owners can sometimes miss out on where and how they can improve output and efficiency, simply by being too close to the project. We know that we need to pay attention to processes and stay on top of the latest tools coming out of the tech industry, but it’s not always feasible in the fast-paced world of construction. That’s why getting a pair of experienced, fresh eyes to take a look at how things are being delegated is the best way to save money while increasing productivity and morale. Continue »
Construction contractors can keep their businesses running efficiently and profitably by focusing on excelling in a few key areas. By making sure business aspects such as fleet management, safety, estimating and supply chain management are running smoothly, contractors can increase profits and improve business operations.
The construction segment is at the rocky bottom of all segments worldwide for access to working capital and length of accounts receivable, according to Pricewaterhouse Coopers’ Annual Global Working Capital Survey. However, industry stakeholders seem to report making money. How do they do it? They must be holding money for longer periods of time.
For federal contractors, the Trump administration brings unique opportunities and challenges, as contractors hold the president accountable to his campaign promises to rebuild roads, bridges, airports and schools during the next three years.
The consensus that our nation’s aging infrastructure is in serious need of repair and the need to rebuild is broadly accepted by legislators, business leaders and the American public.
Distributors in building and construction supplies are well aware of the benefits automation can deliver. When it comes to the physical supply chain in particular, automation leads to improved fulfillment management, optimized processes and increased profits. However, the impact automation can have on the financial supply chain is often overlooked.
In the past, contractors relied on paper and a variety of methods to manage their accounting needs. The problem was the time and effort it took to consolidate the data and generate reports.