Your source for construction industry news in the Carolinas
An accurate construction cost estimate is crucial to a successful construction project. An accurate construction cost estimate can tell how long a project will take and how much it would cost. However, getting an accurate construction cost estimate can be hard. And the consequences of an overestimate or underestimate can detrimentally harm projects. The amount…
How Robots are Changing Construction (Robotics Break New Ground in the Industry) Earlier this year, a San Francisco-based technology firm, Built Robotics, made headlines by sharing its progress toward self-operating construction machinery. The company led by a former Google engineer has received several million in venture capital to continue its development of the automation technology…
The tragedy on Florida International University’s campus recently that resulted in six deaths and multiple injuries is a reminder to us the necessity of having a crisis communications plan. When tragedy occurs and the news spreads quickly, having a plan in place that can be easily implemented is key. No matter your organizational structure or…
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 construction projects is so large, there are many ways to…
With more online bidding platforms and bid building tools available, the subcontractor bidding process has never been easier in 2018. However, there are still avoidable and costly mistakes that can frustrate subcontractors. Here are some common and costly mistakes to avoid in the subcontractor bidding process and ways to reduce risks. 1. Inaccurate Measurements, Takeoffs,…
Thirty-five states and the District of Columbia added construction jobs between January 2017 and January 2018, while 32 states and D.C. added construction jobs between December and January, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials cautioned, however, that newly-imposed tariffs on steel and…
February was the best month for construction employment gains since March 2007, according to Associated Builders and Contractors’ (ABC) analysis of today’s employment report from the U.S. Bureau of Labor Statistics (BLS). The sector added 61,000 net new jobs on a monthly basis in February, an increase of 0.9 percent, and 254,000 net new jobs…
President Trump officially released a proposal for a $1.5 trillion infrastructure plan. The proposed plan includes $200 billion in funding from the federal government. Unlike recent infrastructure plans, half of the federal seed money is planned to go toward an incentive program to match funding and financing from state and local governments that invest in rebuilding…
Several industry surveys and reports forecast continued growth in the construction industry. Albeit, the growth shows a modest 4.8% increase, different from the double-digit growth in previous years. Regardless, there is still a general sense of optimism. With continued growth and positive outlook in the construction industry, what can possible be keeping construction executives up…
Financial indicators such as the liquidity ratios, leverage ratios, efficiency ratios and profitability ratios can be used to gauge the performance of your business. With the analysis of these ratios, you will be able to make the informed and right decisions for your business. The following are the top four types; Liquidity Ratios These are…
