Construction Business Owner, June 2014
Know the facts about your lender.
Many contractors, both small and large, finance their equipment and software rather than purchase with a lump sum payment because of the cash flow benefits this practice can bring to their businesses. In fact, according to the 2013 Bureau of Economic Analysis measurement of U.S. Gross Domestic...
How to find the perfect software solution that curbs distracted driving and meets the needs of your fleet
As reliance on the cutting-edge capabilities of smartphones and other mobile devices continues to increase, distracted driving is quickly becoming a national epidemic. With nine people killed and 1,000 injured every day due to distracted driving, this widespread issue has become a growing concern—...
Conduct inspections, implement technology and engage professionals in order to avoid unnecessary costs.
Every contractor and construction professional knows the three top priorities of a project: Finish on time, finish on budget and maintain profitability. Professionals also know that countless threats endanger each of those priorities. Water damage, for example, is a high-risk threat that can delay...
Follow these steps to avoid OSHA violations and ensure your workforce values safety and professionalism regardless of who is watching.
A CEO friend of mine was trying to exit a hotel. As he emerged from the designated exit stairway, he 
almost fell into a hole and tripped over construction debris. Spotting a contractor foreman, he reasonably pointed out that the workers were violating a host of OSHA and local codes and that the...
How to unite your firm under a common goal
Why, in an age when nearly everyone is texting, emailing, Tweeting, posting and chatting, is communication in most organizations atrocious? Without fail, the most common response to an area that requires improvement within an organization is internal communication. Does this mean that coworkers...
Advances in technology allow companies to manage all aspects of fuel consumption.
Fuel serves as a major operating cost for any business with vehicles in the field. What makes fuel one of the toughest expenses to manage is its constant fluctuation in price and usage. While no business owner can prevent fuel rates from rising, advances in fleet tracking technology have made...
This alternative to buying brand-new machines helps contractors keep assets in peak condition and affordably expand their fleets.
Maintaining a youthful, up-to-date fleet of boom lifts and telehandlers is good for business. Shiny machines in good working order keep your operators happy and help minimize maintenance costs. But purchasing new equipment every year isn’t an option for most owners. Even if it is, it’s not always...
Laser scanning used to create 3-D models is changing the way contractors document construction spaces, reducing rework and improving productivity.
During the last three years, reality capture has emerged as the industry standard for the wide variety of applications and tools that assist in the documentation of existing spaces or facilities. Looking toward the future, it will likely become one of the most implemented technologies in the...
Education and training on compact equipment safety result in a safer workplace, better performance on the job and more satisfied customers.
The correlation between safety education and training and the production levels necessary to achieve profitability in construction is not difficult to understand. Operators who know how to properly and safely use their equipment are not only much more likely to operate it safely, but they also are...
Curb litigation claims in apartment and condominium projects.
Imagine that you and your firm’s senior management have all but forgotten the series of nightmares involved in building the hypothetical Riverrun, the first high-rise condominium built downtown. The project, which was completed six years ago, was a virtual encyclopedia of what can go wrong during...
Employ thorough planning and aggressive follow-up to avoid cash flow problems and ensure prompt payment.
In numerous discussions on CBO’s LinkedIn group, members and readers have cited receiving timely payment as one of their top challenges. To address this concern, CBO spoke with several industry experts to get their take on a question many contractors are asking: How do we ensure we get paid on...
Establish a loyal customer base and choose projects wisely to build a winning business.
Before the economic slowdown, contractors had plenty of construction work to keep them busy. You simply had to bid enough jobs, and you were generally awarded one out of five projects at a reasonable markup. This allowed your company to keep growing. When repeat customers called or bid solicitation...
New advancements in hearing protection create a safer jobsite, improve worker communication and help develop a high-performing crew.
Good communication is vital to running a safe and efficient construction project. But, how do you achieve that amid the noise and multifaceted 
demands of the average jobsite? Construction sites are typically characterized by heavy equipment in constant motion and limited visibility. In this...
How contractors to the government can demonstrate the impact of funding reductions on the progress of a project
Nuclear decontamination and decommissioning (D...
Properly documenting inspections can minimize unsafe conditions and build a strong defense against OSHA citations.
The Occupational Safety and Health Administration (OSHA) mandates that workers should never be required to work under conditions that are dangerous to their health or safety. They further require that an employer’s injury and illness prevention program must provide for “frequent and regular...