July 2016
The key to long-term business success is going green
With energy prices fluctuating and the amount of natural resources depleting, going green has been a rallying cry for millions of people for the better part of a decade. But how does going green affect the construction business, and what defines green construction? The Environmental Protection...
Examine the factors influencing your company’s ownership & operator costs
The old adage, “If you can’t measure it, you can’t manage it,” holds true in the construction industry, especially when it comes to equipment rates. Breaking even on equipment at the end of each year is a goal, but how many actually achieve it? More importantly, how many actually know if they are...
What is the best strategy for getting involved with bidding for government contracts?
The short answer is: Get on someone’s team! How do you do that? Most, if not all, federal government opportunities are advertised in FedBizOps (fbo.gov), where architects can find all sorts of opportunities to pursue federal government work. The federal government issues many RFPs requests for...
Why your company could potentially face a human resources audit
Businesses know financial audits. They use their CPAs to examine financial transactions and statements to present an accurate account of the company’s financial business transactions. However, employers should also consider a different kind of audit: a human resources (HR) audit. HR audits present...
A blueprint for the new generation of construction pros
“Kids these days”. “They just don’t get it.” “They don’t understand the meaning of hard work.” Admit it; you have uttered these phrases around the office. You have looked at your new hires and wondered, “What are we getting in to?” and the inevitable, “Will they last?” You are not alone. In the...
Improve your business operations by updating your current accounting software
Over the next few years, construction companies are going to be evaluating one of their more substantial software applications, the accounting system (sometimes referred to as enterprise resource planning software, or ERP), for a variety of reasons. One of the more compelling reasons is the...
A little planning can protect your company when the Department of Labor comes knocking
Many projects assisted with public funds or programs are subject to a myriad of federal, state and local laws and regulations among them, prevailing wage (PW) and reporting requirements. General contractors, prime or a higher-tier subcontractors working on a PW project are at risk. When undertaking...
Know how to handle these changes & properly prepare a strategy
On May 18, 2016, the Department of Labor (DOL) issued a final rule that raises the minimum salary an employee has to make in order to qualify to be exempt from overtime pay from $23,660 to $47,476. For your company, this means that any salaried employee currently on your payroll making less...
Companies are turning to millennials & technology to bridge the skilled labor gap
The economy is performing well, construction projects are back in full swing and jobs are plentiful. But where are all the workers? That’s a question that has been asked frequently over the last couple of years, as skilled construction laborers, project managers and subcontractors have left the...
6 goals to meet & the corresponding data to validate equipment decisions
When looking to implement telematics, one of the biggest challenges is often determining where to start. Telematics tech was once very limited in scope. However, there are many iterations, and depending on your company’s goals, you will need to make use of some or all of the options available....
5 ways to keep your engine running smoothly in the summer months
As an owner and operator, you understand better than anyone how important it is to maintain the engines that keep your equipment—and your business—up and running throughout the year. This is especially true during the hot summer months, when extended hours at the jobsite can sometimes push...
Make deliberate preparations for your company’s next successor
Procrastination is hardly a word that defines the nature of the world’s construction leaders. However, the same group of leaders that have forged the strongest construction empires procrastinate about the one element that often requires them to examine their own mortality—ownership transfer. There...
9 fuel management tips to help reduce contaminants & machine downtime
Not that many years ago, compact equipment ran on diesel fuel that was inexpensive, easy to store in bulk and performed well year-round. So why did it change? Although diesel fuel was much simpler and less sensitive to contaminants, its byproduct was targeted by clean-air officials in their...
These market areas are reshaping the construction insurance landscape
As the United States construction market heats up, there is a renewed focus on improving operational efficiencies and embracing risk management strategies that could offer a meaningful financial impact. The construction insurance market is responding positively to these efforts, rewarding...
Produce written steps to avoid consistent errors & define tasks
Dave owns Progressive Concrete Construction and recently called me for some help with his company. As the economy improved, his workload increased and he wasn’t able to get everything done. He was too busy, out of control, couldn’t get his employees to be accountable or responsible and had to...