Construction Business Owner, November 2011
Take advantage of all the features available with fleet tracking technology.Owning your own fleet is a significant investment. And it can be difficult to make sure your employees drive the vehicles efficiently. Some business owners manage their mobile workforce by controlling fuel card usage,...
Hindsight is 20/20: Use end-to-end software to make better decisions for your construction business.Foresight is critical in construction management—contractors must determine how to make bids competitive, execute projects on budget and on schedule and stay ahead of possible changes.The ability to...
Smartphones and their mobile applications (apps) have reshaped the construction industry.The days of driving between the jobsite and office several times a day no longer exist. These handheld devices make the trip for us now. The ability to instantly send larger volumes of information from the...
New capabilities provide a centralized online solution for all team members.The success of a construction project is directly related to meeting or exceeding the client’s expectations for the budget, schedule and quality of construction.From the initial project bidding process through closeout, all...
How to control your taxable income through two possible depreciation methods.Long-term income tax planning will be somewhat challenging in 2011 due to the relatively short scope of current tax law. In the short term, most tax planning strategies revolve around controlling taxable income. One common...
Steps to reach your target audience with the right message.Many construction firms know what they want their company to be in a year or two. They know how much they want it to grow, what services they want to offer and which markets they want to go after. In other words, they have developed a solid...
 Beyond safety: why you need a crisis management plan for your construction business.Sometimes, bad things happen to good companies. Even with strong safety programs and excellent people, construction is a risky business by nature.Janine Shea, former owner of construction industry consulting...
On November 13-17, the most renowned risk management experts in the country will gather in San Diego for the 31st Annual Construction Risk Conference by IRMI (International Risk Management Institute). One professional (or team) charged with managing construction risk for their companies will...
Reduce construction risks with online project collaboration software.Since today’s low margins do not leave much room for error, it is crucial to minimize financial and legal risks to ensure a healthy return on large-scale construction projects. One of the most effective ways to do this is through...
Address employee needs with new, cost-effective benefit options.Smarter, better, cheaper—this is the mantra many construction businesses use today to remain competitive and do more with less.Healthcare is one of many rising costs of doing business. The National Business Group on Health surveyed a...
 Engage your employees in the transition process to create a unified company.When two construction firms merge or one company acquires another, the business owners often neglect their employees’ concerns—this is especially true in small- and medium-size firms that have limited resources and...
Understand common liability issues to avoid pricey penalties.Due to remote, unsupervised working locations, changing work sites, regular travel and industry regulations, the nature of the construction industry exposes contractors to risks for lawsuits and administrative claims from disgruntled...
Q: How can contractors benefit from attending industry trade shows?A: Getting the best pricing and service from suppliers can be difficult. They sometimes seem to care only about getting paid quickly for delivering products to jobsites.To find better suppliers, many contractors attend industry...
Reduce your fleet’s operating costs with transferable service bodies.Whether a construction company runs one service vehicle or a fleet of 100 or more, it is crucial to manage those vehicles in the most economical way to improve your company’s financial health.In a world with soaring fuel prices,...
Small adjustments made today can add up to big savings tomorrow for your construction business.As the threat of a double-dip recession looms, businesses must prepare for uncertain market conditions. Many business owners often focus on day-to-day operations instead of spending time effectively...