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.
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.
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.
For construction professionals, value engineering is a term commonly associated with keeping projects on budget, but the full meaning of the term has been diluted.
As people move through adulthood, it can become more and more difficult to view themselves as learners. So long as people feel competent enough in their jobs and comfortable in what they know, people may think that learning has become irrelevant in their lives. However, everyone should consider themselves a lifelong learner.
Managing jobsites can be challenging enough, but once interior work begins and crews are out of sight, busy construction supervisors can be at a disadvantage. Keeping track of workflow means time-consuming walkthroughs.
Although most construction contractors have a formal business plan, few have a succession plan—which is equally important. While a business plan focuses on the current direction of the company, a succession plan focuses on the future of the business and transition of ownership.
Winter is coming. According to the Old Farmer’s Almanac, the United States is in store for another cold, snowy winter this year. Before the temperature drops, construction companies should look for heating solutions that increase operational efficiencies and improve worker safety.
To keep up with industry trends and important court decisions, AIA Contract Documents are reviewed and updated every 10 years. One of the important changes to the 2017 documents includes a single Sustainable Project Exhibit that can be added to any AIA document to address the risks and responsibilities associated with sustainable projects. This exhibit is meant to replace the Sustainable Projects documents included in the Conventional (A201) family of AIA Contract Documents.
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.
Associated Builders and Contractors (ABC) reported its Construction Backlog Indicator (CBI) fell to 8.6 months during the second quarter of 2017, down 4.1 percent from the first quarter of 2017. CBI is up by 0.1 months, or 1.4 percent, on a year-over-year basis.
In recent years, the EB-5 visa immigrant investor program has been used as an alternative source of funding for many large infrastructure projects, hotels, real estate development, nursing and assisted living facilities and hospitals. EB-5 investors have typically preferred real estate-related projects.
“You can’t offer a job from the past. Nobody will come. You have to offer a job of the future.”
This was the salient advice futurist Nancy Giordano, keynote speaker at Associated Builders and Contractors’ (ABC) Diversity & Inclusion Summit, shared with an audience of industry leaders eager to stay ahead of near-desperate workforce shortages.