We use sports analogies often in the business world. Winning comes from motivation and determination. Practicing hard and focusing on the details will lead us to victory. Never give up until the game is over. The phrases could go on. But very rarely do those of us in business consider the possibility that a practicing…
Construction Employment Rises in 45 States
Forty-five states and the District of Columbia added construction jobs between July 2017 and July 2018, while 29 states and D.C. added construction jobs between June and July, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials cautioned that continued job gains may depend on…
DOL Announces New Pilot Program to Expedite Resolution of Wage Violations
The Wage and Hour Division (WHD) has announced a new nationwide pilot program, the Payroll Audit Independent Determination (PAID) program, which facilitates resolution of potential overtime and minimum wage violations under the Fair Labor Standards Act (FLSA). The program’s primary objectives are to resolve such claims expeditiously and without litigation, to improve employers’ compliance with…
The Top Issues Facing Construction in 2018
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…
GroundBreak Carolinas 2018 Outlook Survey Feedback
Last month, GroundBreak Carolinas asked our readers for their thoughts on 2018. While your feedback was generally positive, there were some very interesting comments. We’ve compiled some of your comments and feedback. Our editorial staff categorized your comments. Business “Medical costs continue to be a huge burden for small contractors like us. We have 60…
FMI Releases Quarterly Publication
FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the release of its fourth “FMI Quarterly” issue for 2017. The publication (co-sponsored by Zurich) comprises a collection of industry insights and strategies focused on innovation and transformation in today’s…
FMI Releases Quarterly Publication
FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the release of its second “FMI Quarterly” issue for 2017. The publication (co-sponsored by Zurich) comprises a collection of industry insights and lessons learned from Texas that can be applied…
Subcontractors Invited to Apply for ASA’s Certificate of Excellence in Ethics
The American Subcontractors Association (ASA)is now accepting applications for its 2017 Certificate of Excellence in Ethics, which certifies that a subcontracting firm has achieved certain qualifications demonstrating its commitment to professionalism and sound business practices. Information about the ASA Certificate of Excellence in Ethics is located under “Education & Events” on the ASA Web site. Applicants,…
Fluor Reports First Quarter Results
Fluor Corporation (NYSE: FLR), which has significant operations in Greenville, SC, announced financial results for its first quarter ended March 31, 2017. Net earnings attributable to Fluor for the first quarter were $61 million, or $0.43 per diluted share, compared to $104 million, or $0.74 per diluted share a year ago. The primary reason for…
Contractor Confidence Ends 2016 Down but Still in Positive Territory
Expectations for the construction industry 2017 are less optimistic, but the majority of industrial and commercial construction contractors still expect to experience growth this year, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI). Although all three diffusion indices in the survey — profit margins, sales and staffing levels—fell by more than five…
