Your source for construction industry news in the Carolinas
That may seem like a strange resolution for a contractor. However, it might be the best advice you ever receive. How many people do you think wake up in the morning and say to themselves, “I can’t wait to hire a contractor today?” If you do service work, it’s even worse. No one wakes up…
The Construction Financial Management Association (CFMA) held a press conference in Washington, DC, to release the findings of their report, which examines the extent to which courts attribute fault to contractors as opposed to government agencies when disputes arise and are adjudicated. Public opinion often concludes that cost overruns and chronic delays are frequently the…
In a previous issue of The Garrison Report, I discussed effective leadership. Using the following techniques will improve your leadership effectiveness and allow you to deliver a lot more value to your organization. 1. Have a list of people to whom you can delegate certain issues. We all have challenges, opportunities, problems or important tasks that need to be…
With the passage of the Distributed Energy Resource Program Act (the “Solar Energy bill”) last year, South Carolina became the region’s leader in adopting solar service for its residents and was immediately put in a very strong position to attract major players in the home solar service industry. One such player, Sunrun, the largest dedicated residential solar…
The Construction Financial Management Association (CFMA) and Viewpoint Construction Software have extended their agreement naming Viewpoint as CFMA’s Principal Partner for software technology solutions for an additional three years. As it has since signing on as CFMA’s first Principal Partner in 2012, Viewpoint will continue to offer CFMA members objective direction on technology solutions, regardless…
Daniel Pink, author of A Whole New Mind, identified the primary cause of the construction industry’s low-profit margins. He wrote, “For business, it’s no longer enough to create a product that’s reasonably priced and adequately functional.” Unfortunately, that’s what the construction industry attempts to do when it bids work based on price. The problem with…
The current recession has placed tremendous pressure on the profitability of the construction industry, causing some contractors to even take work at below cost. This situation is easy to blame on the recession, but the underlying problems existed in the construction industry long before the recession. The hypercompetitive nature of the construction industry has existed…
