Construction Business Owner, February 2007
Editor's Note: The following is the eighth in our ten part series "Technology Traps and Mishaps" by Fred Ode, CEO, chairman and founder of Foundation Software.In my world, finding time to relax and watch TV is a luxury I don't often have.To complicate matters, there are primarily four programs on...
What is great customer service? Maybe a more critical question contractors should ask is, "Can I afford to deliver great customer service in the highly competitive construction marketplace?"Not only is the answer to the second question, "Absolutely!" but great customer service is mandatory if the...
The beauty of a well-designed employee incentive program is that as employees meet their physical and financial goals, you, as the owner, attain your goal of making your company more valuable and, perhaps, more marketable.If there was ever a case of "win-win" for both employer and employee, it is...
Editor's Note: This is the second in our 2007 series of The Business Owner Toolbox written by our regular columnist, George Hedley.  Each article is written to provide you with practical, immediately applicable business management tools to assist you on your path to building a successful,...
Trying to define what a project manager does in commercial construction today is problematic.Not only is the position constantly changing, but more and more responsibilities are being tacked on to the title of "project manager." Duties include, but are certainly not limited to, estimator, purchaser...
The role of the construction estimator has changed dramatically over the years, particularly for those employed by general contractors (GCs) or construction managers (CMs). It used to be that the estimator's primary responsibility was to perform a complete quantity "take-off" and price the...
Federal, state and local governments require surety bonds in order to manage risk on construction projects and protect taxpayer dollars.However, surety bonds are not limited to public construction. Many private project owners stipulate bonding requirements on their projects, and prime contractors...
Public contracting assumes that open competitive bidding for fixed price construction contracts ensures fairness and maximizes the return on the taxpayer's dollar.  To promote competitive bidding, states have adopted extensive statutory and regulatory schemes designed to ensure that public...
This is the first article in a series provided by HR Limited, a human resource and training consulting firm.The Fair Labor Standards Act is the federal law that governs employees' pay.It is the FLSA that requires overtime pay for certain employees and exempts others from overtime pay altogether....
A contractor hiring a subcontractor may prefer arbitration to litigation in cases of dispute.  But when the contractor has issued a payment bond, the sub has a choice of payment sources-either from the contractor or from the surety who issued the contractor's payment bond.It may be difficult...