Transportation infrastructure will stimulate the U.S. economy significantly over the next few years. Hundreds of large projects have been announced; so many in fact, it should be possible for almost every type of contracting firm to find attractive opportunities. Bus & Rail Projects Regional transit leaders in Ann Arbor, Michigan, recently released a $10 billion […]

General contractors find work in several ways: open bidding, negotiated contracts, submitting proposals, design-build contracts, etc. Regardless of the solicitation method, they all have one thing in common, the general contractor will need to subcontract out some, or all, of the work to trade contractors and other vendors. Bid management is a time-consuming process. From […]

The construction industry really took it on the chin during the Great Recession. The number of construction firms fell by nearly 150,000 between 2007 and 2013 and over 2.3 million jobs were lost due to layoffs, early retirement, and workers leaving for greener pastures. With a majority of economists predicting another recession hitting sometime in […]

The construction industry has gotten a bad rap for being notoriously slow at adopting new technology. Despite the proliferation of new tech that has hit the market in the last decade, many construction firms continue to underinvest in technology. Being unwilling to embrace the industry’s current tech revolution is no longer a sustainable business model […]

Are you still performing your takeoffs manually? If so, you probably spend more time shuffling through papers and plans than putting together your estimate and chances are you aren’t alone. According to McKinsey Global Institute’s Industry Digitization Index, the construction industry is one of the least digitized, beating out agriculture to avoid being at the […]

I’ve written about the importance of a vendor payments strategy for companies in today’s business climate. But the reality is it’s twice as imperative for construction companies to implement this process because the industry’s payment challenges are bigger—and so is the opportunity. Payments are at the center of two critical areas of the construction business—vendor […]

The amount of technology available geared specifically toward the construction industry is mind-boggling. There’s drones, robots, smart hard hats, wearables, ruggedized smartphones and tablets, and 3D printers. Soon we’ll have autonomous (self-driving) heavy equipment hitting construction sites. Not to mention the hundreds of software and mobile applications available for nearly every aspect of running a […]

Construction projects run on strict deadlines, keeping up with client demands, weather changes, missing supplies, and other problems to complete on schedule. A disruption can throw a figurative wrench into the works, making the job that much harder. What are some of the most common sources of disorder, and what can company owners and supervisors […]