Time For The Magic 8 Ball?
It’s can be both exciting and scary for contractors to gaze into the year ahead. Fortunately, the chief economist from Dodge Data & Analytics has been busy making predictions. Of course you can still…
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Breaking Ground?
Although residential construction continues to lag, nonresidential construction and infrastructure builds are on the move. There’s even some optimism and murmuring that recession is not a foregone conclusion. Ready to dig in? Here’s where…
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Five Construction Trends for 2023
Headed into 2023, increased hiring of women, new construction materials, green building, modular and prefabricated building and all things tech are making it to the top of the to do list—especially for builders intent…
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Specialize vs Diversify?
Industry experts point out that specialty contractors are taking a big risk: if the market for their specific skillset declines, they are without alternative revenue streams. Strategic diversification through services that complement your primary…
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Lessons Learned: Recession?
Every owner wants expansion and growth, but with economists forecasting that there could be a construction recession on the 6-18 month horizon, it’s best to be on our toes. Many builders were caught off…
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Cementing Your Next Contract?
When portland cement is in short supply, concrete contractors find their project commitments at risk, as pour schedules are disrupted and concrete is rationed. Industry pros suggest now’s the time to try out new…
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Avoid Disputes: Exclusion Clauses
With the costs of labor and materials running high, builders find themselves in disputes over who takes the hit on cost increases. Conflicts between general and subcontractors and owners are running high—even ending in…
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Revenue Management
Milestone billing processes are an important way for contractors to manage invoice and payment cycles, ensuring cash flow. Current disruptions make nimble, milestone billing even more important then ever, though absorbing the revenue recognition…
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Top Ten Causes of Claims
Surprise? For the most part, claims and disputes tend to stem from the rush to move projects forward, although design, licenses and permits might not be finalized. Unfortunately, in the long run, the early…
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