Construction Business Owner, November 2014
Rental options can provide short-term flexibility and long-term solutions
Despite a continually improving economy, you may not be in a position to expand your fleet through a cash purchase or traditional financing methods. If you don’t have a consistent need to justify investing in heavy construction equipment, it may be beneficial to rent crawler or wheel excavators,...
Effective road-building preparation is essential to a solid project
Anyone involved in the road building process knows it is not an easy job, and it isn’t something to be left for novices. It takes patience, experience and a great amount of knowledge. Getting the job done right the first time is paramount, and it all starts with one of the most critical processes—...
Supplement professional liability insurance with owner-specific indemnity coverage
There is no set way to define the American economic recovery. One report seems to contradict another. Optimism is shared with pessimism. Gains seem to accompany setbacks on a daily basis. However, the good news is there has been a steady, if not stellar, rise in activities and profits among several...
What is it, do you need it and how will it protect your business?
Business owners are concerned about the electronic frontier we now live in and the liabilities that we all face because of it. Cyber insurance aims to help mitigate losses from a wide variety of cyber and electronic intrusions, such as data breaches, business interruption and network damage caused...
Create better customer relations with strong communication, proactive planning and efficient service
Fast, friendly service sounds more like a characteristic of your local barista than an employee of a construction firm. Customer service is on the decline—not specifically in the construction industry, but across the board. When asked to describe an experience with great customer service, we often...
Telehandler features that enhance on-site productivity and utilization
A telehandler’s true value is in its multipurpose capabilities.Any contractor who needs to lift, move and/or place materials has many equipment options from which to choose, and telehandlers are an ideal choice because they provide all-around utility to meet more than one work site need. Today’s...
Identify legitimate business interests to protect and prepare a solid policy
Employers have monitored employees in the workplace daily for years, tracking the number of hours employees work and their use of the company’s electronic systems, including the Internet. Most employees expect and accept the monitoring of their workplace activities. With advances in GPS satellite...
Reduce reliance on paper-based processes by switching to mobile apps
Today, construction business owners and employees are as likely to use smartphone or tablet devices for work as they are a laptop or PC. But, for many of these businesses, the exploding use of mobile devices has not corresponded in a meaningful way to a reduced reliance on paper forms and manual...
Get a handle on your numbers
Michael is the owner of a ceramic tile contracting company in Michigan who called me looking for advice. He complained about his customers continually asking for lower prices and the cheap competitors who don’t charge enough. His business was slowing down. “I can’t sell enough work at my old markup...
The effect of payment policies on the construction industry’s struggle to get paid
The top and bottom of the contracting chain have been in a tug-of-war over who controls payment logistics and financial risk on a construction project for more than 200 years. The risk itself is a zero-sum game. On every construction project, some party will shoulder the risk burden. The...
This funding method may be useful for your business.
From any business perspective, no matter what the field, cash is king. It is the most important factor in determining whether your business will prosper. Having cash on hand is not only essential for day-to-day operations, but it also affects the ability to grow. If a small- to mid-size business’s...
Explore your options to stay in control of equipment financing decisions
Every construction business owner gets to a point when a decision about new equipment must be made. There are many considerations, but one of the biggest is whether to lease or buy. Owners often wish for a cheat sheet to help them through the process. Buy or Lease Leasing heavy equipment is...
Discover the possibilities this application holds for future projects
For those who have not heard the term “augmented reality” (AR), you will soon. In the next few years, the application of augmented reality will impact every phase of our design and construction projects. The promise of AR presents the possibility of walking into a building, holding a smartphone or...
How implementing the design-build model and other innovative approaches led the Pentagon Renovation Program to substantial budget savings
This article is the third of a four-part series in which Walker Lee Evey will share how he helped turn the Pentagon Renovation Program into one of the nation’s most successful design and construction projects. The two previous articles in this series discussed challenges faced by the early...