OutlookMore Like This

The majority of commercial and industrial contractors are confident about sales growth, profits and staffing levels heading into 2018, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI). Despite rising construction labor and materials costs, 55 percent of contractors expect their profit margins to expand in the first half of 2018.

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Managing Your BusinessMore Like This

the solutions that will streamline your company and make your processes more efficient in 2018 are here! Construction Executive took a hard look at the hottest products designed to make the running of construction businesses a breeze. From project management to payroll solutions, these Hot Products have you covered.

• Viewpoint Team Project Management True Integration Between the Office and Project Teams
• Viewpoint Field View Focus on the Project, Not the Paperwork
• Viewpoint Spectrum Talent Management Streamline HR Processes With Spectrum Talent Management
• Viewpoint Enterprise Cloud Get Out of the IT Business and Get Back Into Construction
• Oasis Takeoff Simplify Project Management With Oasis Takeoff
• CMiC Field A Solution to Simplify and Enhance Project Management and Resource Planning
• Canon TX Series Printers The Next Standard of Engineering
• eCMS Cloud Construction ERP Integrated Construction Financial and Project Management Software Drives Efficiency Between the Field and the Office
• FOUNDATION Job Cost Accounting + Project Management + Mobile The Official Software of 2020
• Payroll4Construction.com Stop Doing Your Payroll
• Pype The ‘Rosetta Stone’ for Specifications
• GPS Insight Tailored Fleet Tracking and ELD Solutions
• Sage Mobile Projects Project Management App Connects Construction Businesses
• Construction Suite  By UDA Technologies—Trusted Leader in Construction Software for More Than a Decade
• eTakeoff Removing the Complexity From Model-based Estimating
• Procore Plug Into Unlimited Possibilities
• Eclipse Explorer Offers Powerful and Intuitive Solutions
• Paperless Environments Save Time and Money With Electronic Solutions From the Leading Construction Content Management Solution Provider
• RedTeam Construction Management Platform Built for the Way You Work
• Sensera Systems Automated Site Monitoring and Security for Construction
• Summit Cloud Desktop The IT Platform Built to Run Your Business
• eSUB Time Automation Time Tracking for Employees
• COINS SureStart Reduce the Risk of an ERP Implementation With COINS SureStart
Managing Your BusinessMore Like This

If only strategic planning was as simple as it sounds. Leaders in the construction industry benefit from the action of strategic planning in addition to a mindset of strategic planning. Together, these components set the stage for sustainable organizational health. A strategic plan cannot happen in a vacuum; rather, it’s an integral part of a construction company that understands the need for driven growth.

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Employee MotivationMore Like This

How does a business leader in commercial and industrial construction implement inspiration in the team? There are thousands of books on leadership theory and organizational culture, but if a leader does not understand how to practically implement those theories, they will not benefit the team. There are several ways to cultivate an inspired team. Following are five ideas for construction executives to implement with field-based, office-based and remote-based teams.

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AccountingMore Like This

More than almost any other industry, construction contractors need to spend time and resources planning for their income taxes before the end of their fiscal year. Contractors must be sure to retain their financial statement strength and ratios while considering possible tax methods of accounting, projected taxable income for remaining months, tax vs. book depreciation and the calculation of alternative minimum taxes and available tax credits for the entity and the pass-through owners. It is important that all these variables be considered to ensure the most favorable financial and tax objectives are achieved.

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Best PracticesMore Like This

There is a costly danger lurking at jobsites; a threat that isn’t easily seen until it is too late—musculoskeletal disorders (MSD). Construction managers, foremen and safety specialists who enact preventative ergonomic measures on the jobsite will not only improve safety, they will also reduce potential injuries for workers—and ultimately save a business from sinking in the red.

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HRMore Like This

The conventional wisdom in the construction industry is that job titles shouldn’t matter. Every company is different, right? A project manager at one company could easily be called a senior project manager at another company, yet perform the same job. An engineer at one company could easily be called a technical manager at another company, yet perform the same job.

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TaxesMore Like This

As Congress shifts its attention from health care back to tax reform, many are hoping for legislators to pass a new tax reform bill by the year’s end. The White House, along with the House Committee on Ways and Means and the Senate Committee on Finance, recently released a tax reform plan: Unified Framework for Fixing Our Broken Tax Code. This framework plans to lower the corporate tax rate and bring down the tax rate for pass-throughs as well.

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Managing Your BusinessMore Like This

The demand for sustainability and efficiency associated with new construction and renovation projects is higher than ever, as monthly energy costs constitute an ever-increasing percentage of total building life cycle expenses due to rising utility rates. As a result, sustainable construction practices promoting net-zero building designs have become a prevalent industry objective. However, peak sustainability is rarely accomplished due to the high costs and a lack of resources available in the early stages of design and planning.

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