August 2016
Technologies to save lives & reduce injury & risk in vehicle-related accidents
As Construction Business Owner noted in its January 2016 issue, United States residential and commercial construction combined is expected to grow from 5 to 9 percent in 2016, and heavy infrastructure spending is expected to grow approximately 8 percent from $312.6 billion in 2015. Not exactly a...
Exploring the shift to technology-driven, online surety bond processing
The construction industry is the single largest purchaser of surety bonds in the United States. Surety bonds for contractors can be categorized as either license and permit bonds or contract bonds. License and permit bonds are required by almost all states and many local municipalities in order...
APWA award winners shed new light with infrastructure solutions
The topic of infrastructure has weighed heavily on the minds of United States and Canadian citizens this year and in previous years. There is now a bit more certainty for funding for infrastructure’s projects in the public sector, due to the late 2015 passage of the FAST Act, which serves to...
Take a scalable approach to adopting telematics solutions
Advanced technologies continue to proliferate in today’s construction market, and they have become more accessible than ever before to contractors. Many new machines now come straight from the factory with integrated telematics systems that make it easy for business owners to start using this...
Understanding the government bidding process
A diversified client base is essential for a pipeline of steady construction work, especially during economic slowdowns, which is why general contractors should consider competing for local, state or federal construction projects. The federal government alone spends billions of dollars every...
New solutions for consideration on your infrastructure projects
Say the word “construction” to a motorist and the reaction you get is almost universal. Construction means orange barrels, caution signs, workers in yellow vests and massive delays. The travel delays and aggravation felt by the public can also lend an unintended consequence to infrastructure...
The 2016 conference voices industry finance trends & educates hundreds
The Construction Financial Management Association’s (CFMA) 2016 Annual Conference & Exhibition was held June 25-29 at the JW Marriott San Antonio Hill Country Resort & Spa in San Antonio, Texas. Every year, the conference provides attendees with varied educational sessions, technology...
Weighing rent vs. buy options requires balance, flexibility & discipline
Balance, flexibility and discipline are three practices that contribute to success in many of life’s endeavors. As a construction business owner, you can use them to guide your decisions for renting, leasing or buying construction equipment. A widely accepted industry rule of thumb argues in favor...
What is the most common project management mistake made on the jobsite?
Lionel Vogelhut Operations Manager Taymak Flooring Communication, communication, communication. On the jobsite, people are often in such a rush to get things done that they don’t take the time to ensure that the employee receiving the instructions understands them completely. This leaves room...
Determine your salary, benefits & compensation by the actual work you do
Running a construction company is hard work. There are lots of moving parts, decisions to make, people to supervise, customers to coordinate, prices to calculate and responsibilities to handle. All of these responsibilities require lots of time, energy, effort, leadership and dedication. But...
Be informed when deciding whether purchasing or renting is best for your business
Are you aware that wheel excavators can perform in a variety of applications and maneuver in places deemed impossible for other types of heavy equipment? By looking at jobsite factors, key machine performance features and maintenance considerations, you can make a more informed decision on whether...
Addressing misconceptions & learning the role of a real leader
Too often, people find themselves leading others without the right experience or training. And too often, those same people assume they can and will figure it out as they go along. However, a lot of damage can be done to employees and the business while they are figuring it out. Some completely...
How innovations in concrete testing aid projects in the public sector
Infrastructure is a pivotal aspect of any country’s economic stability. Investing in infrastructure can help grow developing nations and maintain the growth of developed nations. It is important for job creation and increasing the standard of living for communities. In both the United States and...
Know what to look for when using this jobsite solution
When renovating or expanding an existing structure, documentation is often extremely out of date or simply does not exist. This makes designing any type of renovation or addition difficult. Being able to accurately capture existing conditions and easily feed that information into the design model...
Develop the right formula for becoming a talent magnet
As the construction market continues to show signs of steady growth, firms are clamoring for talent and the secret recipe to retain the best of the best. Unfortunately, there is no secret sauce for finding the best in the business. Only the organizations that serve as a magnet will attract talent...
10 ways to make your marketing dollars work smarter
Marketing your construction business can be difficult. The challenge often lies in allocating marketing budgets strategically to ensure the highest potential return. Marketing efforts should always create awareness for your business. It’s how prospective clients are exposed to your business and...