Posts filtered by category:

Business

View posts
Reasons Why Construction Companies Fail

At the upcoming CONEXPO in Las Vegas in 2020, Larry Kokklenberg, PhD, will be presenting on the top ten reasons that construction businesses fail. Two thirds of these businesses fail within the first five year, and he says that most of the owners blame external sources, like insurance, taxes, or politics. But he’s identified ten things that businesses do to hamstring themselves. You can read the whole article at Daily Commercial News, but here are five of them.

Read story
Labor Shortage May Be Hiding Potential Recession

Two things seem to be on the lips of construction managers everywhere: there is certainly a labor shortage, and there’s talk of a recession. But construction has typically been a bell weather for economic ups and downs—construction sees the slowdowns before anyone else, and it sees the pickup before other industries—and there’s no sign of a recession right now.

Read story
Women in Construction and #MoveOverBob

Encouraged to pursue construction after winning a contest for the This Old House magazine, due to her expert kitchen remodel, Angela Cacace joined a local building program. Although the 32-year-old former barber was nervous, she was pleased to find that of the twelve people in the program, half were women. She posted happily about it on social media, using the hashtag #MoveOverBob, in reference to the children’s Bob the Builder show.

Read story
Construction Industry Sees Drop in Deal Activity, Output Growth

North America’s construction and real-estate industry saw a drop in overall deal activity during the second quarter of 2019, according to GlobalData.

Read story
Building Futures Changing Lives

A year ago, Jaqueline Haller was homeless, addicted to drugs and behind bars. Today she is starting an apprenticeship with the Plumbers and Pipefitters Local 189, as part of the Building Futures program.

Read story
Five Ted Talks that For Construction and Design Professionals

Stunning buildings made from raw, imperfect materials

Read story
Caterpillar and Deere Stocks Taking a Tumble as Recession Worries Begin

With the slowing of both commercial and residential construction, and rumors of an impending recession grow, two mainstay companies in the construction industry are seeing their values dipping—particularly because of the lack of demand for backhoes, cranes, and dump trucks.

Read story
Colorado Considering Changes to Labor Laws

Colorado lawmakers are looking to expand labor laws that will affect all areas of the workforce, but especially construction, as they seek to raise minimum wage and worker protections.

Read story
Housing Market Slumps as Trade War with China Grows

The current trade war with China—which just increased tariffs on $300 billion in Chinese goods—is having an impact on nearly every product that comes from China, leading many companies to have to adjust pricing, reevaluate new policies, and even seek new sources for their supply chains.

Read story
A Gentler Way to Gentrify

Developers in the Brooklyn neighborhood of Bushwick do not like to be called “developers”. The word is loaded with a lot of negative public connotations, not the least of which is the dreaded term of “gentrification.” Instead, the real estate developer Venn prefers the term “impact developer”, a developer that is concerned about the quality of life in the communities and towns in which they operate. Gentrification has been associated with higher rents and hipster classifications, and Venn wants to avoid that. It doesn’t even refer to its residents as residents, but as Venners, or members.

Read story
Three Industry Disruptors Coming in the Next Decade

In a recent meeting of the American Concrete Institute, Brian Moore of the FMI Institute stated that the future is changing and that there are three factors that will either make or break a construction company in the next ten years.

Read story
Women's Organizations Building the Construction Industry

Teresa Mast, president of Sarasota-Manatee Professional Women in Building (PWB), was surprised when fifty women showed up at the first meeting of the organization last year. Mast, who is also president of her company, the custom building and remodeling Davin Group, has been in the business for twenty-six years, and sees it as her goal to encourage women and girls to pursue work in the construction industry.

Read story
Housing Nonprofit Begins Training New Workers

While the Habitat for Humanity has long been working to provide good housing at affordable rates, and owners are given a chance to put sweat equity and volunteerism into their work, one worksite in Pittsfield, Massachusetts, has changed their model to not only providing housing, but providing job training.

Read story
Four Areas Where Construction Costs Routinely Exceed Budget

While budgets are developed with cushions for unexpected pitfalls, there are areas where budgets routinely are overrun. Knowing about these areas ahead of time will help to make better budgetary decisions in the future.

Read story
How Blockchain Will Change Construction

Blockchain, the technology that powers things like bitcoin, is set to revolutionize the way that construction companies, engineering firms, architects, and customers interact. Blockchain is defined as a growing list of records, or blocks, that are connected using cryptography. Each block contains a link to the previous block, a timestamp, and transaction data. It’s a little like communicating on the cloud, but with intense security, and on some serious steroids.

Read story
Single Family Rental Homes the Latest Trend in Residential Construction

While builders have always sold some of their homes for rental purposes, new reports show that this has increased dramatically—and some homebuilders are becoming the landlords themselves.

Read story
Construction Spending Sees Huge Drop

Residential and non-residential construction saw their biggest decline in seven months, while government spending saw their biggest drop in seventeen years.

Read story
Developers and Urban Planners Consider What To Do With Closed Golf Courses

From a peak in 2003, golfing across the United States has declined by a whopping 20%. Two hundred courses closed last year alone, and it’s leaving many people to wonder what to do with the empty green space in their neighborhoods—land that was once well-maintained and paid for, but land which has gone out of use.

Read story
Widespread Beliefs About US Infrastructure Spending May Be Unfounded

It is a fact that much of the United States infrastructure is deteriorating rapidly, but the commonly held belief that our spending on such infrastructure has dramatically decreased does not appear to be upheld by the evidence, according to a new report from the Brookings Institute.

Read story
Heavy Market Investment in Construction Automation May Signal Change in Industry

Investors are pouring money into construction technology start-ups at a rapidly increasing rate, and it’s making many in the industry stop and take notice.

Read story
National Craft Championships Names Clemon Prevost Craft Instructor of the Year

The National Craft Championship, an organization that gathers competitors from around the country to compete in trades and crafts, recently recognized Clemon Prevost, a senior talent development specialist for Fluor’s U.S. Gulf Coast Craft Training Center in Pasadena, Texas, the 2019 Craft Instructor of the Year. Prevost was honored during the Careers in Construction Awards at ABC Convention 2019 in Long Beach, California.

Read story
Construction Industry Sees Growth in Number of Employment Openings

If you’re contemplating a career in construction, now is a perfect time to explore the industry. The construction industry’s employment outlook is looking promising as the number of jobs within the sector continues...

Read story
How Agile Project Management Can Effectively Work For Construction

You may be familiar with agile software methodologies and how they effectively help development teams collaborate and work together to reach a common goal. However, could this methodology work for the...

Read story
How Employee Recognition Lends to a Better Job Site

When is the last time you said thank you to your employees? Studies show it pays off! A recent study conducted by the University of Warwick shows that employees who feel recognized are happier in the workplace...

Read story
Enhancing Employee Productivity on the Job Site

Employee productivity is a vital metric that workplaces measure to ensure important tasks are getting accomplished. These tasks vary greatly depending on the type of work you are in. In construction, these tasks...

Read story
Business is Great--for the Skilled Worker

Historically, summer is the boom time of housing construction. But this year it’s not. We wrote in a recent piece about the low unemployment rate had dropped to 4.5%. And in some states it’s much lower than...

Read story
Having Trouble Hiring? You’re Not the Only One

The unemployment rate for construction is down to 4.5%, a rate that sociologists consider to be a healthy rate for any economy, the 4.5% representing the regular shuffling of workers from one job to another. Even at that...

Read story
McKinsey Institute Lists Seven Ways to Improve Construction Productivity

We’ve reported here that productivity in the construction sector is lagging dramatically behind other industries: a recent report wrote that only an average of 1% increased in productivity since the 1960s...

Read story
TimberScan Mobile and Brahma Group Inc.

Buena Vista Biomass Power is a clean burning biomass plant designed to output 18MW of base load electric generating capacity. Brahma Group, a commercial builder exceeding $300 million annually, has offices in...

Read story
Understanding Your Role In The Workplace

Success in the workplace depends on how well employees work together to accomplish goals. In order to grow any organization and be profitable, employees must have an understanding of each other’s strengths...

Read story
Ensuring the Customer is Always Right

For as long as I can remember, I have been trained and taught to believe that “the customer is always right.” And while there is no question that the customer should always be made to feel valued and heard, where...

Read story
Keeping it Professional: How To Be The Best Version of You

I have found through my personal experience that becoming a professional in life requires special attention to detail. It’s the small things that produce big results. Being a professional and...

Read story
Updating Sage Accounting Systems

hh2 was designed from the ground up to sync with Sage accounting, specifically Sage 300 Construction and Real Estate, and Sage 100 Contractor. It is therefore essential that, when you update Sage you do not...

Read story
Where is the Construction Industry Going in 2017?

I got the itch to write this post after reading a piece in Construction Business Owner called “State of the Industry: Trends and Changing Barriers Your Business Will Face This Year,” by Hank M. Harris. The article...

Read story
Women in Construction Bring Benefits to the Industry

Only 9% of workers in construction are women, a statistic that is lower than in almost any other industry (for comparison, mining is at 13%, transportation at 23%). And in senior positions, women are even more...

Read story