Contractor Business? Succession Plan!
Most contracting companies employ about 20 workers—maybe even fewer. Among the challenges all owners must ultimately figure out is the question of what to do with the company when it’s time to retire. Experts…
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On Time and On Budget?
As competition for labor and materials remains intense throughout the construction industry, completing projects on time and on budget requires ever more creativity. Industry pros provide suggestions about how to re-think “business as usual.”…
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Where’s The Data? Invisibility Challenges
To succeed in the construction business, owners not only need data—they need to quickly access and see the right data to inform decisions in real time. Unfortunately, an industry survey finds that doing so…
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Painful Labor Shortages
Of course it’s not surprising for anyone in the industry to learn that the annual workforce survey by the Associated General Contractors of America reveals “painful labor shortages” in just about every aspect of construction….
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Small Businesses: Feeling Opportunistic?
Forecasters point out that small construction firms have good reason to be opportunistic in steering their businesses forward. In fact, many small businesses had strong growth in 2021, despite unprecedented challenges. Looking toward normalcy,…
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Key Investment: Project Management
Amidst the many challenges of finding and retaining skilled workers in construction, one of the most key investments is in a strong project manager. Industry experts point out the value of great project management—and…
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Inflation Hacks for Contractors
There are some signs that price pressures are easing, but materials and labor remain big challenges for builders. Can you pass on rising costs to customers? Finance experts say doing so might be worth…
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The Right People
With labor a constant concern throughout the construction industry, experts say investing in the right people is more crucial now then ever. Whether or not there is a recession, indicators point to the continued…
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High-Payoff Activities
Ever pause and wonder where your time on the job is really going? Leadership experts suggest that by allocating 80% of their time to six “high-payoff activities,” construction company owners can experience greater success….
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