What is a Construction Surety Bond? In the construction industry, a construction surety bond is a credit instrument that binds the contractual obligations between the parties. Surety bonds assure financial security by providing owners confidence that their contractors will perform according to the terms settled in the agreement. Article Highlights — A […]
How to Write a Scope of Work for a Construction Project
When an owner decides to start a new construction project, the planning process is the first phase that takes place. Planning is a vital part of a business in the construction industry. Having a plan for a construction project aids owners to GCs to subcontractors, especially commercial subcontractors handling large-scale projects. A plan that provides […]
Just Launched: An Updated Submittal Workflow Made Specifically for Subcontractors
I love submittals, said no sub ever! That’s because subcontractors are responsible for the submittal workflow – purchasing, fabrication, and installation of the materials and items on a project. And on a commercial construction project, it’s not unusual for there to be hundreds or even thousands of submittal items. Managing all those items is not […]
Top Construction Careers for 2020
Construction careers are on the rise because, in this industry, there is a labor shortage. Therefore, there are a lot of job opportunities with growing salaries. According to the Associated General Contractors of America, in 2019, construction employment has increased by 279,000 jobs, and the employment rate stood at an all-time low. Construction is the […]
The Difference Between Site Instruction vs. Change Order
The Difference Between Site Instruction vs. Change Order Construction terminology is essential to understand. Not only do construction managers need to be well versed in terms such as site instruction vs. change order, but everyone in the construction industry, including, but not limited to, the general contractor, designers, and engineers should be familiar with basic […]
Proposal vs Quote: The Differences Explained
If you’ve worked in construction, you’ve likely encountered both proposals and quotes, and understanding the difference between a proposal vs quote is crucial. Internally, quotes and estimates are often referred to interchangeably, as are bids and proposals. However, with potential clients, it’s essential to distinguish between a proposal and a quote, maximizing your efficiency and […]
10 Construction Certifications and Where to Get Them
What are Construction Certifications? In the construction industry, certifications benefit everyone involved – It elevates the individual’s professional practices as well as the contractor’s brand and quality of provided services. It is essential to have construction certifications because it indicates a high level of professionalism and skill in the construction process. Pankaj Patel was famously […]
Growth Opportunities for Trade Contractors
The specialty trade contractor subsector includes establishments that focus primarily on specific activities during the construction process but are not responsible for the overall project coordination. These jobs can consist of plumbing, site preparation, concrete pouring, electrical work, and much more. Trade contractors’ job scope usually includes new buildings, reworks, additions and alternations, repairs, and […]
Connect and Construct and Autodesk University
Autodesk University, the conference for designers, builders, and makers, is right around the corner. Over four days, from Monday, Nov. 18 – Thursday, Nov. 21, there are over 900 sessions and activities for individuals to choose from the agenda. Because Autodesk University spans across manufacturing, media & entertainment, and across the entire architecture, engineering, and […]
Top 15 Common Punch List Items
Contractors utilize punch lists to ensure that all tasks are completed on a construction project. Common punch list items include location, name of the task, and a deadline. Punch Lists are actual documents or lists that define the work, not in the building contract specifications. Punch lists should be created at the beginning of a […]
9 Construction Management Skills to Master for the Modern Workforce
Construction management is a stressful but rewarding career. The process of planning a building project from start to finish takes time and is a very tedious undertaking. Construction managers must learn the skills to manage a broad scope of responsibilities, including juggling change orders or unexpected delays, all while working to ensure the project is […]
10 Must-Have Features For Construction Safety Software
According to OSHA, nearly 6.5 million people work at approximately 252,000 construction sites across the U.S. on any given day. The fatal injury rate for the construction industry is higher than the national average in this category for all industries. Therefore, construction project managers have to not only manage their projects and budgets but to […]
Simple Steps to Create a Change Order Request
What is a Change Order? A change order is a document used to record an amendment to your original construction contract. The purpose of a change order request is to create a record of added services. If a contractor fails to use change orders, then the firm is likely to lose out on getting paid […]
New Construction Industry Trends to Look for in 2022
As we are nearing 2023, it’s time to take a look at construction industry trends over the past decade and keep up with new and emerging trends in the industry. Keeping on top of trends in the construction industry not only helps keep your company from falling behind, but it helps you prepare for the […]
50 Construction Terms Every Construction Manager Should Know
The construction industry has many specific construction terms and acronyms that can be extremely confusing at first. Being a technology-focused construction company, we put a heavy focus on ensuring our employees understand the ins and outs of construction terminology, as not all things can be taught in classrooms. Rather, the knowledge is acquired through spending […]