America thrives on the entrepreneurial spirit of its citizens. However, half of all businesses no longer exist after five years. Construction companies have it even worse. Only 36.4% reach the fifth year of business. One of the major reasons is the inability to protect their profits. In order to accurately track and sustain project profitability, the company […]
Improve Commercial Construction Planning By Empowering Field Workers to Drive Profits
Commercial construction planning for projects large or small, requires an attention to detail and practice. The availability of materials and resources are influenced by many factors that must be taken into consideration. Deadlines are vitally important to many construction projects, where time means money and delayed projects result in significant fines. The back office shouldn’t […]
Risk Mitigation in Project Management for Trade Contractors
Risk is a part of construction, but companies are doing something about it with risk mitigation in project management. Without proper risk mitigation, the construction firm will face project delays, incur costs, and may even face litigation. Currently, 24% of firm’s projects face delays, 19% go over budget, and 11% result in legal disputes that […]
The Cost of Rework in Construction and How to Prevent It
Rework is the act of redoing or correcting work that was not done correctly the first time and prevalent on construction job sites. The construction industry spends roughly $178 Billion on fixing errors according to a PlanGrid and FMI survey. Rework can happen for a variety of reasons such as lack of supervision, insufficient information, […]
10 Tips for Better Risk Management in Construction
Risk management in construction projects is a constant battle for subcontractors. Subcontractors face many risks in construction that are unique to subcontractors, as well as all of the same risks that general contractors face. Subcontractors must be careful of the contracts that they sign because sometimes those contracts put them at greater risk than they […]
Construction Risk Management Checklist for 2022
The Merriam-Webster dictionary defines risk as the possibility of loss or injury. This explains why risk is inherent in construction. The potential for injury is high, as well as the potential to lose a lot of money. Effective construction risk management is the key to every successful construction project. It can be the difference between […]
8 Best Practices to Improve Construction Site Safety
Construction site safety is one of the most overlooked things during a construction project. In most workplaces, accidents are a nuisance for the worker and a headache for HR. However, at construction sites, accidents have the potential to be life-threatening. With every new story about environmental disasters, earth-shattering explosions, and trapped laborers, construction sites become […]
What is an RFI (Request for Information), How to Write One
An RFI (Request for Information) is an essential tool for seeking clarification and solving questions about project plans and specifications in the construction industry. It is the formal way for project teams to ask questions, clarify doubts, and address issues that may arise during construction. RFIs facilitate communications between multiple stakeholders for any construction project, […]
Best Practices For Working With Your Roofing Subcontractor
Construction projects are very comprehensive. Whether the edifice being built is a residential or commercial property, each section of the building requires specialized skills. You have electricians to handle the electrical systems, painters for the paintwork and, of course, roofers for the roof. These are a few best practices for working with roofing subcontractor. The […]
Construction Document Control Tips to Get Paid For Your Work
Within a perfect world a project goes exactly as planned, the client is happy, and you get paid. However, that’s not always how projects work in the construction industry. Supplies might arrive late, there can be weather issues, and other events can cause delays and issues. These can change the completion day of projects, but […]
Tips for Improving the General Contractor and Subcontractor Relationship on a Project
The health of the general contractor and subcontractor relationship determines the outcome of the project. If the relationship is strained, work on the current or future project will become strained and both parties will walk away with negative views of each other. These tips for improving the general contractor and subcontractor relationship on a project […]
Strategies for Increasing Construction Bid Opportunities
With the increase in infrastructure spending means there will be an increase in construction bid opportunities. Which makes now the perfect time to take a look at your bidding process and improve your strategies for winning projects. Better Construction Bid Opportunities Through Data The bidding process requires a lot of your resources, whether it’s financial, […]
How to Set Operational Efficiency Goals for Your Construction Projects
How to Set Operational Efficiency Goals for Your Construction Projects Construction companies that work towards operational efficiency find ways to deliver goods and services in a cost effective manner without sacrificing quality. Obviously, an operational efficiency goal for all construction projects is to deliver the project on time and within budget. Because the scope of […]
8 Tips for Hiring Construction Workers
With the unemployment rate at 4.1%, many employers are finding it difficult to hire workers. In construction, it’s worse. The need for skilled construction workers outweighs the available market. With the increase in construction projects and the lack of construction workers, projects are estimated to take more time and businesses are under strain. These eight […]
How To Improve The Adoption of New Construction Technology On The Job Site
Congratulations, your construction company has decided to take steps into the world of technology. It is an exciting time that will make your team more productive. Purchasing construction technology is the first step. The next step, and albeit the biggest challenge, is implementation. According to an IDC report, 25% of IT projects fail, and another […]