With the Trump administration in full gear, hopes are high the new president and Congress will enact legislation supporting and expanding investment in U.S. infrastructure. While the two political parties may disagree on the details of President Trump’s $1 trillion infrastructure plan, the overarching goal of putting Americans to work through the construction of highways, bridges, rail, airports, tunnels and other projects is a rare area in which bipartisan compromise might be achieved.
The American Institute of Architects (AIA) has published standard form agreements since 1888. AIA Contract Documents have long been viewed as the industry standard in reflecting current industry practices and fairly balancing the risks and responsibilities of all project participants. To keep up with legal and practice developments, AIA has put together a comprehensive set of revisions to its 2017 owner-contractor agreements. Continue »
Construction companies, general contractors, developers, and property owners involved in land clearance and disturbance activities will want to take note of the new Stormwater Construction General Permit (Construction General Permit) issued by the United States Environmental Protection Agency (EPA) that took effect Feb. 16.
Can you get away with using a letter, or even handshake, agreement when performing construction work on a small project? After all, you may have used them in the past, so what could possibly go wrong? Contractors should be aware that even their first lawsuit could be the one that sinks their company and risks their professional livelihood. Continue »
Construction has never moved at the same technological pace as other industries. The nature of the business is that conditions change from job to job, and even construction of “cookie-cutter” restaurants and hotels present different geographic, regulatory and labor challenges. Therefore, it’s no surprise that when a tool or system works—outdated though it may be—there’s hesitation when it comes to changing it on the mere promise of a better deal. As the old saying goes, if it’s not broken, why fix it?
It’s rare to encounter a project in which the budget doesn’t weigh heavily on design decisions. But 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.
How to Build a Successful Company Culture Understand, Measure and Create a Culture that Leads to Increased Construction Industry Success
Culture is the values, beliefs and methods of operation that drive revenue, create employee engagement and attract and retain only a business owner’s favorite and most profitable kinds of customers. It is the essence of how business is done. It is the way a business operates to contribute to the bottom line.
Regain Lean Momentum and Maximize Results Focusing on Lean Can Help Construction Contractors Generate Strong ROIs
Streamlining projects and improving performance are worthy goals for any company, but particularly for the construction industry, where meeting deadlines and budgets are essential keys to success. Since its development in the 1990s, the Lean methodology has helped companies across a wide range of industries increase profitability and productivity.
Nonresidential construction spending contracted during January, according to analysis of U.S. Census Bureau released by Associated Builders and Contractors (ABC). Nonresidential spending fell 1.9 percent from December to $698.4 billion on a seasonally adjusted, annualized basis. This represents the first month total nonresidential construction spending dipped below $700 billion since July 2016.
For businesses in the construction industry, the success of any project depends on the skill of the team working on it. To improve business outcomes, employers must build strong, talented workforces by recruiting and retaining the right candidates, developing the potential of current employees and taking numerous other steps to achieve workforce excellence.
Anyone who studies history understands that to look back is to look forward, and it seems construction technology follows suit. As construction is rapidly moving into a digital-first world, companies are seeing major shifts in the ways technology helps them streamline practices, reinvent personnel and equipment management and even use virtual and augmented reality to ideate, construct and maintain their buildings. The speedy pace of innovation has heads spinning, often leaving companies feeling a sense of fear from a lack of control.