If economic performance reflected consumer and business ebullience, the United States would be in the midst of a historic boom.
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.
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 »
The 9th Circuit Court’s review of how construction contractors should recognize income had a somewhat surprising outcome. The key question being considered was: When should developers recognize income under the completed contract method? Is it when the entire project is complete, is it on percentage of completion, or is it upon the sale of each individual home sold?
Over the past decade, wildfires have grown in size, duration and destructiveness due to the boom in biomass fuel production, changing climate conditions, rising temperatures, widespread drought and earlier snowmelt. Human error also has caused growth in the number of wildfires in recent years. From 2014 to 2017, the frequency of fires in the United States has been increasing at an estimated annualized rate of 5 percent burning more than 13.7 million acres, according to the National Interagency Fire Center.
Do any of these scenarios sound familiar? Continue »
Fleet Managers across the country are quickly turning to GPS tracking software for all of the benefits the technology offers, but many of them don’t know how to introduce the program to their employees. Continue »
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.
In the construction industry, it’s not uncommon for team members to go from working on the crew to being in charge of the crew. The transition to supervising people the employee used to work alongside, or having a fellow coworker promoted to management, can be awkward. But it doesn’t have to be.
Business owners must collect, report and submit payroll taxes as required by federal and state laws. It is important that payroll systems and processes are accurate and efficient to meet federal and state obligations. Otherwise, a corporate officer or other responsible party (as defined by the IRS) may be personally liable for payroll taxes that are not reported or deposited, even if someone else processes payroll.
The Telematics industry continues to grow as commercial fleets are adopting the technology at a steady rate. Fleets across all industries are finding that Telematics is providing insight they never had before which helps them reduce costs, reduce risk and increase revenue. Continue »
Everything might look fine when metal components are joined, but even small gaps between fixtures are open invitations to crevice corrosion. Left unchecked, crevice corrosion can cause significant degrading of assets—leading to costly repairs, loss of production and even failure of entire systems.