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…
AIA Offers New Firm Benchmarking Tool
Benchmarking is a fundamental way for firms to evaluate their status and identify best practices in order to increase performance. Competitive benchmarking helps a firm determine how they line up with their industry and, as a result, gauge their level of prosperity. To that end, AIA’s new Firm Benchmarking Tool was created to help firms…
O’Neal Expands Food and Beverage Capabilities
O’Neal, Inc, a Greenville, SC-based integrated design and construction firm, has announced expanded capabilities for the food, beverage and consumer packaged goods markets. The company is launching a Food and Beverage Strategic Business Unit (SBU) that will focus on food processing, food distribution and the broader consumer packaged goods markets. The firm has hired David Dixon…
Lean Construction Strategy
Maybe the most misunderstood concept concerning Lean Construction is that it is not about doing things cheaper. It is about adding value for the client by doing things better through the elimination of waste. Waste increases project durations and costs and often results in quality issues. This is an important difference. Some are opposed to…
Mashburn Construction Celebrates Milestone
Mashburn Construction celebrated a significant milestone today as the company turned 40 years old. In 1962, Harry Mashburn sat in class at NC State University and sketched out the logo that would represent the company for its first 40 years in business. To celebrate the anniversary, Mashburn updated the logo in January of this year—the…
FMI Releases the 2016 Executive Compensation Survey
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 publication of its 2016 Executive Compensation Survey. The survey includes data from 71 companies representing over 3,400 executive and business unit employees across 64 positions within U.S. engineering and…
FMI Releases the 2016 Construction Professional Compensation Survey
FMI Corporation, the leading provider of management consulting, investment banking and people development services to the engineering and construction industry, is pleased to announce the publication of its 2016 Construction Professional Compensation Survey. The survey includes data from 97 companies representing over 48,000 employees across 57 positions within U.S. engineering and construction firms. Survey Highlights: Survey…
The Wooten Company Opens New Winston-Salem Regional Office
The Wooten Company, an engineering consulting firm celebrating its 80th anniversary this year, announced on Monday that it has opened a new Regional Office in the Old Salem Historic District of downtown Winston-Salem, NC. Overseen by Regional Manager John Grey, PE, the office was previously located in Asheboro, NC, from where it served the towns,…
Integrated Delivery – Why Is It?
Integrated delivery is a delivery method that embraced 360 degree collaboration between all the stakeholders on a project; including designers, consultants, general contractor, subcontractor, vendors, and yes the owner. Design-build (DB) and Integrated Project Delivery (IPD) are two examples of integrated delivery. There are numerous differences between the various contract forms of both DB and…
Should You Get Out of the Contracting Business?
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…
