Employee recruitment has changed significantly during the past 10 years due to new technology that makes the entire process more streamlined and efficient. Recruiting software allows businesses to make better hiring decisions—saving time and money and lowering the risk of damaging the firm’s reputation or safety record. Continue »
Many small or start-up contractors buy a small business accounting software package because it’s easy to use and affordable. But when the company starts to grow, processes become slow and inefficient, spreadsheets are overused, data is entered multiple times in multiple places and it’s almost impossible to retrieve timely job data. To put it simply, the software doesn’t fit the business anymore.
This situation is all too common in the construction industry. However, contractors can be proactive by looking for five signs that they may have outgrown their accounting software. Continue »
“OnCenter.com is a mobile and desktop responsive website,” said Lawrence Morris III, Multimedia Developer for On Center Software. “The website uses the latest technology to dynamically adapt to device types and systems—desktop to tablet to mobile—Windows to iOS to Android,” said Mr. Morris.
Leading the construction automation industry in innovation, On Center Software delivers information to its visitors in the format that works best for the viewer. The site delivers 500 plus pages and features over 100 tutorial, marketing, and client testimonial videos. Continue »
Death by PowerPoint. Everyone has seen it, and some of us have actually been responsible for it. Today, there is no reason to bore an audience with only a PowerPoint slide deck, or its only slightly less annoying brethren, Keynote. For those who want to skip the bullet points and charts with illegible fonts, there are a host of new technologies that will make audiences sit up and take notice. Continue »
Fifteen years ago, an AEC project management website system (called an extranet back then) was used to assist 3Com Corp. with the fabrication plant build-outs for its newly acquired product, The Palm Pilot. The following detailed report, written in 1998 but not published until now, provides a rare glimpse into the decisions made to use project websites–an innovation at that time. The report offers insight on how to incorporate IT innovations in real-world projects, as well as includes useful lessons learned that can be applied to the AEC industry today. Continue »
In one of the year’s largest IPOs, construction software developer Textura Corporation raised $86.3 million earlier this month, selling 5,750,000 shares at $15 to underwriters and brokerages. The IPO was underwritten by Credit Suisse and William Blair & Co., which acted as joint book-running managers, and by JMP Securities, Oppenheimer & Co. and Barrington Research, which acted as co-managers. Mayer Brown LLP, Latham & Watkins LLP and PricewaterhouseCoopers (PwC) advised on the deal.
Textura was founded in 2004 by three former PwC partners: Patrick Allin, chairman and CEO; William Eichhorn, EVP; and Howard Niden, EVP and chief solutions architect. (A timeline of key events in the company’s history, along with a list of major investors, appears at the end of this article.)
In the following Q&A, Allin explains what the company’s IPO means to the construction industry. Continue »
Associated Builders and Contractors (ABC) has signed a strategic partnership with Maxwell Systems, a leading provider of construction management software solutions, expert services and best practices that empower contractors to eliminate waste and run a more efficient and profitable business.
“This partnership with Maxwell Systems gives ABC members access to a trusted industry source that can provide insights into how to use the latest construction software solutions and technology to more efficiently and effectively manage their businesses,” said ABC President and CEO Michael Bellaman. Continue »
Construction Executive magazine is pleased to announce its 8th annual special issue on Construction Accounting will be published in August, with coverage of the latest trends in auditing, tax management, employee benefits and financial strategies for contractors.
Advertisers in the Construction Accounting issue will reach a total audience of more than 137,800 business owners and top managers at more than 48,000 U.S. construction firms, including the 22,000 members of Associated Builders and Contractors. There is no better opportunity for construction software developers to advertise their technology solutions. Continue »
Most firms in the AEC industry have invested in some type of customer relationship management (CRM) system. Whether simple programs like Goldmine or more robust software like Deltek’s Vision—or even cloud-based software as a service (SAAS) offerings like Salesforce or Cosential—gathering, analyzing and leveraging the firm’s historic data is becoming increasingly important. Continue »
Mobility has been crucial to the construction industry since the days of the first cell phones. Staying connected to remote workers across multiple jobsites is an absolute requirement for contractors. The technologies that have enabled this have been changing rapidly for a number of years, and recently there has been an even more significant shift in what mobility means to the industry. Continue »
Construction is a project-oriented business that unfolds in real time. Executives facing today’s challenging environment of thin margins can benefit from the visibility and control that comprehensive enterprise resource planning (ERP) software provides. Continue »
Let’s pretend that ‘The Budget’ is a person. Few will argue against the fact that The Budget ultimately rules every project. While it may be the owner who carries the vision, the architect who crafts the design, and the contractors who execute the plan, ‘The Budget’ ultimately dictates the size, scope, and success of a project. The Budget even ultimately determines if the project will ever be built. The Budget is more than just a number. The Budget is King, and this king influences the actions of every participant. No one moves unless the King says so. The Budget is also the reason why the market today is flooded with software companies that specialize in helping determine the size and scope of The Budget. Continue »