Now that Joe Biden has been projected as the winner of the presidential election by major news outlets,* you may wonder.

The new year is a perfect time to re-evaluate your small or mid-sized business. In the past 30 years as a practicing...

The new year is a perfect time to re-evaluate your small or mid-sized business. In the past 30 years as a practicing...

We are blessed to live in a city that has been described as one of the most philanthropic in the...

We realize you’ve received many warnings on the Coronavirus (COVID-19) pandemic. We have reached the point where...

JHM has added three new staff additions to the firm. Alex Hooper and MiKayla Lumpkin...

Owners of successful construction companies can usually predict the future. It’s not because they have magical powers...

The success of most construction businesses is built on not only quality work, but also positive relationships...

Semiconductor chips are essential components of many electronic devices. These include smartphones...

Nowadays everything is “smart,” from phones to watches to appliances to, well, buildings. In a smart building...

Rising inflation is on every business owner’s radar — and contractors are no exception. Although you obviously...

Like many business owners, contractors tend to focus most of their tax-related attention on federal, state and local...

Construction ranks among the top five industries with the highest median losses from fraud, says...

There’s little remaining debate about the importance of technology in construction. It’s everywhere...

Construction business owners, we’re heading into fall. The end of the year will be here before you know it...

Just like any other type of business, construction companies typically need to offer a solid benefits package to...

Earlier this year, the federal Office of Management and Budget published guidance regarding the implementation...

Construction might not be as data driven as some other industries, but contractors still process plenty of information..

You need look no further than the hit TV show “Succession” to see how lack of a clear succession plan can tear a...

If there’s any aspect of the construction business that gives you mixed feelings, it’s probably the humble — or in...

Many construction companies rely on their ability to procure surety bonds to win projects. Owners of those jobs...

Small to midsize businesses might assume hackers won’t bother with them. But construction companies...

As construction season heats up nationwide, contractors could encounter opportunities to engage in joint...

The term “pandemic weary” has been used to describe a population fatigued by anxiety and changes...

Here’s an often-overlooked fact: Meticulous recordkeeping plays a key role in running a successful...

The COVID-19 pandemic and climate change are profoundly impacting building design. Top of mind...

With the signing of the Infrastructure Investment and Jobs Act in late 2021, things are looking up for federal...

Life comes at you fast. Marriages end, illnesses and injuries occur, people decide to change careers or retire...

The COVID-19 pandemic’s ongoing impact on supply chains and labor have made managing project costs increasingly...

Contractors are regularly urged to buy the latest and greatest high-tech solutions, but no software tool is perfect...

Clear, accurate and properly created financial statements can go a long way toward helping a construction company...

Construction companies that work near one or more state borders may eventually want or need to bid on out-of-state...

Construction companies need insurance, but what kind? The answer depends on the size and structure of your business...

A recent report found that 92% of construction project owners and 96% of contractors across the globe have a digital...

When two or more like-minded individuals decide to launch a construction company, a partnership is often the most...

Construction companies are no strangers to mergers and acquisitions (M&A). In fact, M&A transactions in the...

For years, contractors have been urged to explore and adapt “lean” practices originally pioneered in the...

The roots of building information modeling (BIM) lie in manufacturing and computer-aided drafting. Over the years...

For contractors, the struggle to find skilled workers — and in some cases any workers at all — is real. It’s a long...

Most experts would agree that the best way to minimize fraud at any company, including a construction business...

Change orders can lengthen a project’s schedule and increase labor and material costs. Of course, they can also...

Supply chains in the construction industry are often complex and difficult to manage. The bigger the project...

It may seem a little early but, with all that’s changed over the past year or so, now’s a good time for...

Certain aspects of a construction company will obviously raise or lower its value. These include the strength...

As you’re likely aware, some project owners require a contractor to acquire bonding to financially insure...

The construction industry has been experiencing a digital transformation for a while now.

The IRS has reported that millions of businesses are likely eligible for the research credit, yet...

Your construction company no doubt excels at its stated purpose. Where you might struggle...

Design-bid-build and design-build are still the two most common project delivery methods in construction.

Construction accounting has always differed from that of other types of businesses because each project...

Many contractors build and build but never get to the easy part of construction: owning that well-built...

It’s been about a year since the Paycheck Protection Program (PPP) was launched under the CARES Act...

Given the events in the past year related to COVID-19, “offsite construction” appears to hold more promise than...

In the construction business, most of the day-to-day action takes place on the jobsite. Thanks to mobile technology...

Most business owners would tell you that the only thing harder than setting a company budget is sticking to it...

A gradual decline in expected gross profits over the course of a project is known as “profit fade.” It not only...

When projects stalled across the country during the initial weeks of the COVID-19 pandemic — some indefinitely because..

The COVID-19 crisis has revealed a significant insurance protection gap in the construction industry (and others)...

Like it or not, staying on top of equipment warranty requirements and expiration dates is an important task in the...

As of this writing, the construction industry continues to await passage of a federal infrastructure bill. Some...

In the Old West, the best way to catch a bunch of outlaws hightailing out of town with their rucksacks full of loot...

Construction companies are well advised to follow Generally Accepted Accounting Principles (GAAP) when preparing...

Contractors can’t work from home, but they can benefit from technology that supports remote collaboration...

In difficult economic times, cost-cutting becomes a necessity — and employee benefits are an easy target...

The COVID-19 pandemic and resulting economic slowdown have made careful planning of every job essential...

Like so many aspects of 2020, year-end tax planning will likely be different this year. Construction company owners...

When the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law in late March 2020, it got...

The novel coronavirus (COVID-19) pandemic has brought unprecedented challenges to the construction industry. We’ve...

Contractors must deliver projects on schedule and within budget — or risk taking a loss. That’s why many of today’s...

Succession planning has long been an important issue for contractors. Sadly, one of the many tragic effects of the...

When a severe delay hits a construction project, a contractor’s level of financial risk tends to skyrocket. If the...

Revenue coming into a business is an obvious temptation for a dishonest person. Picture the stacks of bills in the...

Contractors often need to retool their branding to better represent their services or reach new customers...

An unfortunate fact of life is that accidents can happen, especially in construction. The industry experienced a...

Activity-based costing is an accounting methodology that identifies activities and assigns a cost to each one based...

It’s been over a year since the IRS issued final regulations regarding Internal Revenue Code Section 199A. This Code...

They’re big, and they’re big business. Megaprojects — large-scale and often high-profile construction projects that...

Mention “green building” and most contractors think of the U.S. Green Building Council’s Leadership in Energy and Env...

Construction work in progress (WIP) reports are too often ignored and less often fully understood. Your WIP reports...

It’s easy to get intimidated when applying for a business loan. You have the need; the bank has the money — how can...

Do your employees know your construction company’s core values? Are they (and you) applying these values to daily...

Thanks in part to the Internet (of Things) and cloud computing, artificial intelligence (AI) has transitioned from...

A contractor who specializes in building and renovating medical facilities loves his gadgets. Recently, he read an ar...

Nearly all construction companies began with a business plan — or should have. It’s the road map that outlines the co...

No one likes a creep. When it comes to construction projects, one kind of creep to avoid is scope creep. This is when...

Most construction projects succeed because of the strong relationships between the general contractor and subcontrac...

A high-end homebuilder in a growing suburban area had been slow to adapt to social media. She didn’t think much...

Managing project costs can get tricky — especially in today’s construction materials marketplace. Materials represent...

The construction industry was busy last year — not only with the business of building, but also with mergers and...

Construction companies are typically organized around the specific talents of a group of individuals. After all, the...

The owner of a small subcontracting company was feeling the squeeze. Some new competitors had sprung...

In construction, building relationships can be just as important as building structures. Project owners tend...

Bad luck and unforeseen circumstances can put any construction company in jeopardy of losing bonding capacity...

For all types of companies, construction businesses included, payroll costs go far beyond compensation meted out...

A long-time general contractor in a densely populated urban area had managed to keep his old, clunky large-format...

General contractors usually have good relationships with their subcontractors. But fraud happens in every industry...

Under the design-build model, one entity performs the architecture, engineering and construction components of a...

Although the Tax Cuts and Jobs Act (TCJA) was signed into law more than a year ago, its impact continues to...

A construction company that specializes in building and servicing luxury residences bought into telematics early...

Construction is a risky business. Most contractors like to stay positive, but it can be productive from a strategic...

A full-size construction excavator can weigh upwards of 90 tons. That level of heft would seem to make it next to...

Paying for insurance is all part of the cost of being in the construction business. But that doesn’t mean contractors...

Building information modeling (BIM) has been changing the landscape of construction for a significant period of time...

If your company doesn’t offer employee assistance plans (EAPs), consider some statistics...

It goes without saying that no contractor sets out to create an unsafe jobsite. Given the randomness of accidents...

A construction company may do many great things to operate profitably. But when expenses come due, suddenly its...

The new year is a perfect time to re-evaluate your small or mid-sized business. In the past 30 years as a practicing...

The new year is a perfect time to re-evaluate your small or mid-sized business. In the past 30 years as a practicing...