April 2018
AIA Architectural Billings Index, Annual Value Update & more
Each month, the Construction Business Owner team compiles statistics from several different sources, including the American Institute of Architects (AIA) and the United States Census Bureau, to give you a better understanding of the current state of affairs for the construction industry. The...
Make the shift from tactical to strategic business operations
Human resource (HR) directors who work in small to midsized companies share a common frustration. Most of their time is spent running interference between faulty management practices and disgruntled or entitled employees and helping with superfluous administrative and office management functions—...
Overcoming the challenges of enrollment & compliance
As the industrywide talent crisis persists, business owners must get serious about using employee benefit plans as a way to recruit and retain quality talent. Many factors are involved in a hearty employee benefit plan, most notably the fiduciary responsibility of ensuring the plan runs according...
We asked the experts how they prevent injuries on the jobsite
Phil Casto Senior Vice President Risk Services HUB International The best way for a company to improve their EMR is to incorporate a comprehensive and detailed strategy that addresses EMR drivers, including previous losses and ways to prevent future loss. One step in improving the EMR is...
Learn how each option can protect employees & improve project timelines
Every construction company, especially those operating in the North, has experienced the excruciating pain of having bad weather conditions add costs to a project. As a manager at a construction company, what can you do about it? Some companies rely on weather data they get from local news...
How to keep your company growing at a steady pace
Construction business owners usually begin their industry venture with a long-term vision of what they want their company to do for them. For example, when you buy stock in a public company, you want the stock to earn dividends and increase in value over time. When I coach contractors, I begin by...
Leading your employees in the safety process
Are you still using Occupational Safety and Health Administration (OSHA) metrics as your safety standard? Do you plan on being in this business 5, 10 or 20 years from now? If you answered yes to both, you have a value conflict. Why accept some random statistical average composed of questionable...
Techniques to better manage politics & persuasion on a project
No matter your job title, chances are you engage in workplace negotiations every day. Whether you are vying for your team to receive more company resources, driving your ideas through to completion on a project or simply managing your day-to-day workload, being able to successfully negotiate with...
Should you use the fringe amount on prevailing wage jobs to fund retirement plans?
Pain points—every industry has them. And, at times, it might feel like contractors have more than their fair share. Contractors who work on prevailing wage jobs undoubtedly see the complex regulations that apply to these projects as a burden they learn to live with in order to benefit from the...
Learn how this position can help drive long-term success at your company
Consider how time has evolved certain roles within organizations. For instance, 40 years ago, corporations staffed full-time safety professionals to lead and support their endeavors in the life safety arena. Today, that same role continues to evolve, with the incorporation of risk management as an...
Torrey Hawkins reveals the human resource steps that revived his business after Hurricane Harvey
Thomas “Torrey” Hawkins, founder and president of Angler Construction, is no stranger to the severe weather that accompanies life in the Gulf Coast region. A 15-year veteran of the commercial construction industry and longtime Houston-area business owner, Hawkins has weathered a number of storms...
AIA Architectural Billings Index, Annual Value Update & more
Each month, the Construction Business Owner team compiles statistics from several different sources, including the American Institute of Architects (AIA) and the United States Census Bureau, to give you a better understanding of the current state of affairs for the construction industry. The...
3 shifts in construction HR that could change your recruiting strategies
For any business, adaptability is often the key to staying competitive and successful. Due to the nature of construction and the composition of the workforce, adaptability is also a characteristic that sometimes proves elusive. No longer, though. Along with the rest of the economy, the construction...
How to get the biggest bang for your buck
Depending on your business needs, pre-owned equipment can be an affordable option, allowing you to keep an eye on the latest equipment trends while being mindful of your budget. Purchasing pre-owned equipment can expand your fleet size at a lower cost than purchasing new, and can create new...
Why you should consider conversion to save your company time & money
As construction professionals continue to look for ways to improve their bottom line, often by looking for inefficiencies in labor and material costs, more companies are turning to a familiar jobsite fuel source to power their vehicle fleets—propane autogas. An increasing number of light- and...
5 ways you can proactively protect your business
Finally, your major construction project is complete. Unfortunately, a week after completion, you receive a claim letter from the other side. Annoyed, you draft a denial. They file suit. You now face years of litigation in which you will recount, in painstaking detail, every single contested aspect...