The vital connection between America’s infrastructure and the well-being of our citizenry is never more apparent than in times of crisis. As residents of Texas, Florida and Puerto Rico deal with the aftermath of hurricanes Harvey and Irma, it’s clear rebuilding communities there will be an immense task; however, there are important lessons to be learned after Hurricanes Katrina, Irene and Sandy that could also be utilized to make infrastructure better and stronger as we rebuild after these latest weather crises. Continue »
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.
Coverage of the devastation caused by Hurricanes Harvey, Irma and Maria over the past few weeks has been almost inescapable. While large-scale recovery efforts are well under way, individual companies located or doing business in areas affected by the storms likely will be feeling the effects for much longer, with many facing the very real prospect of having to shutter their operations for good.
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.
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 »
Construction labor remains one of the largest hurdles in conquering a construction project. It is always at the forefront of industry news and it’s a legal problem, too, with new overtime regulations coming into play. When dealing with construction claims, one of the largest components of any request for additional compensation is labor costs.
As both human and material resources are scarce and construction projects are increasingly complex, it is still an accepted belief that the contractor must deliver the project on time, under budget and with guaranteed quality. Contractors are challenged to deliver in all three areas for the project to be considered successful. What, then, is left to differentiate one contractor from another? How can contractors and subcontractors prove their competitive advantage and ensure that they stay on the leading edge of those typical, minimal commitments?
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.