Construction Business Owner, March 2012
Customers prefer to do business with people who seem genuinely interested in them and care about their concerns. Unless salespeople appropriately start and nurture customer relationships, customers will not return, and they certainly will not refer their friends.Successful contractors teach their...
Often, construction companies have to dissolve because the owners cannot cooperate. But many of these companies could have been saved by the power to expel. The power to expel means the majority of a construction company’s owners have the right to forcibly purchase a co-owner’s interest in the...
If you are still trying to decide if machine control technology is worth the investment, consider Greg Haight’s story, the president of H&H Enterprises in Steamboat, Colo. Haight believes that “in ten years, if you don’t have 3-D GPS machine control technology, you’re not going be in business...
What construction company owners need to know about aerial work platform operator training. OSHA requires employers to provide adequate employee safety in the workplace. For construction business owners, this includes operator training for workers authorized to operate aerial work platforms (...
Most contractors understand that LEED (Leadership in Energy and Environmental Design) projects involve sustainable design and construction practices to improve occupant comfort and reduce any negative environmental impacts. However, many contractors may not be aware of other sustainable building...
Construction risk management is commonly defined as the systematic and analytical process to identify risks, reduce or prevent risks from occurring and mitigate the consequences if risks occur.  A well-designed risk management plan includes a fully integrated risk management software program....
Editor's Note: Insurance Matters is an ongoing series of articles examining every type of insurance coverage a contractor needs. One of the most commonly found clauses in any construction contract is one party's requirement to name another party as an additional insured. This typically will be...
Editor's Note: This is the second in a 3-part series titled “How to Develop a World Championship Team,” that discusses criteria for project managers; Part 3 will explore how to select superintendents and foremen; and Part 1 examined how to evaluate estimators. Part 1 can be found here.As discussed...
Many construction businesses reach a certain size and stop growing because the owners try to do too much work themselves. They have a difficult time delegating and deciding who to hire. Companies cannot grow if the owner makes every decision about scheduling crews, ordering materials, buying...
More than 26 percent of the nation’s bridges have been classified as either structurally deficient or functionally obsolete, according to the American Society of Civil Engineers (ASCE) 2009 Report Card for America’s Infrastructure. The distressing report (that gave roads a D- score and bridges a C...
Like any business, construction companies always want to find a way to cut costs and win business. Deploying a mobile timecard system and GPS tracking solution provides one way to do this.Mobile timecards increase worker productivity, decrease employee time-theft, improve efficiency and increase...
To be efficient and profitable in business, you must implement cost controls. And this begins with knowing your company's numbers. Successful construction business owners know their numbers by regularly reviewing the following four reports: over/under billing, overhead allocation, cash flow by job...
The first computer software products geared toward the construction market had an accounting focus, and most construction companies started their IT systems based on these software packages. This has led many mid-sized construction companies to delegate their IT function to the accounting...