Construction Business Owner, August 2014
Follow these steps to win more high-margin work
Most contractors think that their reputations for quality work and exceptional service should lead to many referrals and plenty of work. Many don’t have a budget for marketing or sales, while others don’t consider customer relationships important enough to develop a system for building loyal...
Remote-controlled demolition machines are on a mission to improve safety on construction jobs.
Shards of concrete, high working heights, falling rubble and piles of metal rebar are often definitive features of construction jobsites, making them a hotbed for injuries. Personal protective equipment such as hard hats, boots and safety glasses can help prevent some injuries, but as long as...
Technology is rapidly changing how companies collect data and improve machine operation.
Construction equipment has come a long way from its beginnings more than 100 years ago. This is particularly true of technology improvements that are designed to provide more valuable information to equipment operators, owners and fleet managers. From the introduction of steam-powered engines to...
Minimize collections hassles by following this simple approach to invoice management.
Getting paid on time in the construction industry has always been difficult. One reason is that many construction clients have bad payment records. Working with those clients leads to problems regardless of how organized your collections are. The greater problem, however, is that many companies...
Harmonize your data for small to midsize off-road fleets
Big data is exploding, and it’s impacting fleets around the world—and not just at an enterprise level. International Data Corporation estimates that by 2020, the world will be generating 44 times more data than we were in 2009. Experts are using the word zettabyte (yes, it’s a real word) more...
A breakdown of how this technology can help you save money
Telematics and fleet management technologies can save contractors time and money. The following data shows the bottom-line benefits of fleet optimization in on-road vehicles. Source: FleetBeat Report Volume 1 by Fleetmatics. For more information, visit http://fleetmatics.com/fleetbeatreport.
How upgrading to a new software platform can benefit your business
An abundance of construction software applications are available on today’s market. Some focus specifically on one function or task, while others are more complex and incorporate numerous facets of construction management, including daily reports, scheduling, safety observations and more....
How Construction Business Owner became the leading business magazine for contractors
Readers say ... “CBO is the most relevant publication to my continuing education as a contractor, and if I could only get one magazine, this would be it.” —President of a mid-sized contracting company, Survey Respondent, 10-Year Reader “I have followed CBO all along since it is the leading...
Protect yourself against inflated workers’ compensation insurance costs
The Insurance Research Council indicates that roughly 35 percent of workers’ compensation claim dollars are paid to fraudulent claimants. Another study by the National Insurance Crime Bureau states that the total cost of workers’ comp fraud is $7.2 billion per year. Fraudulent claims increase...
One company boosts its business by turning to an outside supplier to manage its vehicles.
For a business operating a fleet of vehicles, one of the most difficult decisions is determining when to dispose of aging units. Relatively few firms have the staff resources to keep up to date on depreciation schedules and residual values. Accordingly, businesses increasingly turn to professional...
Tips for managing in the information age
As recently as 20 years ago, a project manager managed projects by working with people—employees, vendors, consultants, designers, subcontractors and, most important, owners. Today, project managers manage information. The rise of email and other electronic data has spawned an information...
How regular communication between these two disciplines can impact jobsite safety and risk outcomes
According to a study by the Center for Construction Research and Training, construction workers who work at least 45 years on the job have a 75 percent likelihood of experiencing a disabling injury, and their chances of dying on the job are 1 in 200. Construction industry employees of varying...
How Construction Business Owner became the leading business magazine for contractors
For entrepreneur Wally Evans, the booming construction industry a decade ago presented a prime opportunity for business growth. Shortly after acquiring Pumps...
Honest project budgeting and job cost reporting
Let the games begin. Every month, project managers and superintendents engage in the greatest show on earth—job cost reporting. While this essential financial management process can be fairly simple, some managers might describe the process of job cost accounting as “the reckoning.” This monthly...
The workflow of the future
As a design and construction professional with more than 30 years of industry experience, I am shocked that construction is still an inefficient business. Multiple sources have documented that overall productivity in the construction industry has decreased throughout the last few decades. Despite...
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2004 2014 Price of gasoline per gallon Annual value of construction put in place $988.5 billion $956.1 billion Movie ticket price $6.21 $8.35 Number of nonfatal injuries and illnesses in the construction industry 401,000 183,200 Number of...
Improve your purchasing power and make the best decision for your jobsite.
Many terms are used to describe air compressor performance. Cubic feet per minute (cfm) measures the volume of air that a compressor delivers. Pounds per square inch (psi) indicates the amount of pressure behind the air. Horsepower represents the power that the engine or motor produces to turn the...