August 2018
How Pepper Construction estimates for productivity, profitability & customer service
It is widely acknowledged that the construction industry is ripe for digital disruption. Yet, many general contractors and construction business owners struggle to determine which technology investments will deliver the biggest return on investment (ROI) for their companies. The good news is that...
Hoar Construction’s master strategy for effectively dealing with severe weather
Summer is in full swing, and, for some parts of the country, that means hurricane season is too. If there is anything to be learned from the damage wrought by last year’s Hurricanes Harvey, Maria and Irma, it’s that having a thorough action plan is paramount. And who better to talk to than Senior...
We asked industry experts about leading the incoming workforce
Scott Julian Chief Operations Officer Lewis Builders Inc. Lewis Builders Inc.’s Carmel, California, location and proximity to Silicon Valley inspires us to stay ahead of the trends affecting our workplace and the homes we work on. Our four-member executive team (median age of 39) shares...
Manage your equipment with systems that streamline ownership & maintenance
For business owners within the construction industry, one always challenging undertaking is that of finding the best way to manage your machine inventory. Whether you own a few machines or a few hundred, it is important to have a system in place that allows you to know as much as possible about...
Why you should consider kicking Excel to the curb & bringing in a new solution
Matt Vetter, vice president of Schafer Construction Inc., has tried a multitude of bidding tools over the years, with varying degrees of success. But, because his Brighton, Michigan-based firm is relatively small, he admits that “the tremendous learning curve and time commitment” involved in...
3 best practices to help unlock year-round profitability
For many businesses in locations with moderate climates, winter is a season that brings fewer jobs and contracts. But it doesn’t have to be that way. Construction companies across the continent have started to discover that this perceived offseason holds a different set of opportunities. Some...
Protect your business from hacker-generated losses
Twenty years ago, no one had heard of cyber insurance, and a hacker was someone with a cough. As recently as 10 years ago, many people still did not know how exposed they were to clandestine attacks on their data. Today, however, just about every business owner knows that their data is at risk...
Strategies to avoid disaster for your company
Revenue is booming, and times are swell for many construction organizations. What could possibly go wrong? Many leaders in the industry believe that the most challenging aspect businesses face currently is the availability of personnel. However, this cycle has played out several times before, and...
The secret sauce of business strategy
As one of the largest industries worldwide, there is no shortage of great construction organizations outperforming year after year. However, there are a few companies that build a strong legacy of performance with a team that not only has created a superior culture, but also serves as a magnet in...
30-year industry veteran & independent estimator Jeff Eckes on what makes bidding more bearable & how to grow with technology
For most independent estimators, bid day isn’t (as the name suggests) one, crazy day that revolves around a single, prospective job. Unlike general contractors (GCs), who run a team of people grinding out final numbers, these estimators have rolling deadlines and proposals due daily, making every...
6 highly regrettable, totally avoidable mistakes
States are cracking down on unlicensed contracting, implementing everything from sting operations and construction site sweeps to consumer hotlines that identify unqualified or fraudulent operators. But professional, licensed contractors can also be cited for unlicensed practice due to innocent...
Highlights from the annual conference & exhibition
The Construction Financial Management Association (CFMA) held its Annual Conference...
Find out what is shutting off your profit potential
Imagine your company as a funnel with a shut-off valve controlling the flow of profit output. A steady flow of sales volume enters the funnel in the form of revenue. The funnel absorbs and reduces the profit output by paying invoices for job costs and overhead expenses. In addition, leaks cause...