FMI, a provider of management consulting and investment banking to the engineering and construction industry, has released its Q3-2013 Construction Outlook. The markets continue to shift, reducing annual Construction-Put-Place (CPIP) predictions to $909.6 billion, down nearly $4 billion from previous predictions. Early forecasts for 2014 show annual CPIP continues moderate growth of 7 percent, rising to $977 billion. 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.
Each year, the Merchants Bonding Company™Leaderboard Program salutes agency partners that have demonstrated their surety savvy and collaboration for growth. We salute Rudnik Surety Inc. of New Brighton, Minn., for attaining the Champions Tour of surety professionals. Congratulations to David Rudnik and Nick Newton for surety professionalism in 2012. Merchants has partnered with Rudnik Surety Inc. for more than a decade. We thank them for the successes we’ve had together and recognize them for sharing our common sense vision. See our online salute to Rudnik Surety Inc. here. Continue »
The Living Building Challenge is the built environment’s most rigorous performance standard. It calls for the creation of building projects that operate as cleanly, beautifully and efficiently as nature’s own architecture. Participants will gain a basic understanding of the Living Building Challenge—a philosophy, advocacy tool and certification program that addresses development at all scales. Continue »
Government-mandated project labor agreements (PLAs) can impact growth opportunities for construction firms and their employees. A PLA is a job-specific union collective bargaining agreement that typically includes provisions that are harmful to otherwise qualified merit shop contractors and their employees. PLA mandates on public works projects either ensure well-connected unionized contractors build taxpayer-funded construction projects or require nonunion contractors to agree to be bound by the terms and conditions of a PLA. Continue »
Companies often mistakenly target market segments instead of whole industries, and then become known for market segment expertise rather than broad industry knowledge. For example, a health care company can build a hospital, medical centers, offices, labs, garages and warehouses. Many construction firms will earn a reputation for medical office buildings, only to have a health care system overlook them for construction of hospitals and other projects. Continue »
Now is not the time to be cheap with business acquisition. Now is the time to build superior business development capabilities. Continue »
Each year, the Merchants Bonding Company™Leaderboard Program salutes agency partners who have demonstrated their surety savvy and collaboration for growth. We salute Guy Hurley Blaser & Heuer LLC of Troy, MI, for attaining the Champions Tour of surety professionals. Congratulations to Tom Guy, Paul Hurley, Mike Lechner, and Mark Madden for surety professionalism in 2012. Merchants has partnered with Guy Hurley Blaser & Heuer LLC for over a decade. We thank them for the successes we’ve had together and recognize them for sharing our common sense vision. See our online salute to Guy Hurley Blaser & Heuer LLC of Troy, MI, here. Continue »
The nation’s builders were busy in July as construction spending increased 0.6 percent to $900.8 billion—the largest upswing in four years—according to the Sept. 3 report by the U.S. Commerce Department.
Nonresidential construction spending also rose 0.6 percent in July, but is down 0.8 percent compared to one year ago. Continue »
FMI, a leading provider of management consulting and investment banking to the engineering and construction industry, has released its 2013 study on the effectiveness of incentive compensation in the U.S. construction industry. The report is based on survey results from 224 top executives. Continue »
The green building movement is no longer driven by doing the right thing, but by client and market demands. According to a recent study by McGraw-Hill, green building will account for 20 percent of the entire construction industry market share this year and 48 percent of nonresidential construction by 2015. Continue »
A construction company’s marketing materials often fall back on the same boring “On Time, On Budget” spiel. While necessary components to running a successful construction business, a company’s marketing techniques must expand beyond just those completing work just on time and on budget. Continue »
Federal, state and municipal prevailing wage laws present a myriad of challenges and opportunities for construction contractors. In this webinar, Sam Melamed of ABC Insurance Trust, will discuss compliance principles, allowable fringe benefits and correct crediting calculations. You also will learn little-known pitfalls, tips and tricks to reduce your company’s payroll burden on prevailing wage jobs. Continue »