Owners of successful construction companies can usually predict the future. It’s not because they have magical powers...
Read ArticleThe success of most construction businesses is built on not only quality work, but also positive relationships...
Read ArticleSemiconductor chips are essential components of many electronic devices. These include smartphones...
Read ArticleNowadays everything is “smart,” from phones to watches to appliances to, well, buildings. In a smart building...
Read ArticleRising inflation is on every business owner’s radar — and contractors are no exception. Although you obviously...
Read ArticleLike many business owners, contractors tend to focus most of their tax-related attention on federal, state and local...
Read ArticleConstruction ranks among the top five industries with the highest median losses from fraud, says...
Read ArticleThere’s little remaining debate about the importance of technology in construction. It’s everywhere...
Read ArticleConstruction business owners, we’re heading into fall. The end of the year will be here before you know it...
Read ArticleJust like any other type of business, construction companies typically need to offer a solid benefits package to...
Read ArticleEarlier this year, the federal Office of Management and Budget published guidance regarding the implementation...
Read ArticleConstruction might not be as data driven as some other industries, but contractors still process plenty of information..
Read ArticleYou need look no further than the hit TV show “Succession” to see how lack of a clear succession plan can tear a...
Read ArticleIf there’s any aspect of the construction business that gives you mixed feelings, it’s probably the humble — or in...
Read ArticleMany construction companies rely on their ability to procure surety bonds to win projects. Owners of those jobs...
Read ArticleSmall to midsize businesses might assume hackers won’t bother with them. But construction companies...
Read ArticleAs construction season heats up nationwide, contractors could encounter opportunities to engage in joint...
Read ArticleThe term “pandemic weary” has been used to describe a population fatigued by anxiety and changes...
Read ArticleHere’s an often-overlooked fact: Meticulous recordkeeping plays a key role in running a successful...
Read ArticleThe COVID-19 pandemic and climate change are profoundly impacting building design. Top of mind...
Read ArticleWith the signing of the Infrastructure Investment and Jobs Act in late 2021, things are looking up for federal...
Read ArticleLife comes at you fast. Marriages end, illnesses and injuries occur, people decide to change careers or retire...
Read ArticleThe COVID-19 pandemic’s ongoing impact on supply chains and labor have made managing project costs increasingly...
Read ArticleContractors are regularly urged to buy the latest and greatest high-tech solutions, but no software tool is perfect...
Read ArticleClear, accurate and properly created financial statements can go a long way toward helping a construction company...
Read ArticleConstruction companies that work near one or more state borders may eventually want or need to bid on out-of-state...
Read ArticleConstruction companies need insurance, but what kind? The answer depends on the size and structure of your business...
Read ArticleA recent report found that 92% of construction project owners and 96% of contractors across the globe have a digital...
Read ArticleWhen two or more like-minded individuals decide to launch a construction company, a partnership is often the most...
Read ArticleConstruction companies are no strangers to mergers and acquisitions (M&A). In fact, M&A transactions in the...
Read ArticleFor years, contractors have been urged to explore and adapt “lean” practices originally pioneered in the...
Read ArticleThe roots of building information modeling (BIM) lie in manufacturing and computer-aided drafting. Over the years...
Read ArticleFor contractors, the struggle to find skilled workers — and in some cases any workers at all — is real. It’s a long...
Read ArticleMost experts would agree that the best way to minimize fraud at any company, including a construction business...
Read ArticleChange orders can lengthen a project’s schedule and increase labor and material costs. Of course, they can also...
Read ArticleSupply chains in the construction industry are often complex and difficult to manage. The bigger the project...
Read ArticleIt may seem a little early but, with all that’s changed over the past year or so, now’s a good time for...
Read ArticleCertain aspects of a construction company will obviously raise or lower its value. These include the strength...
Read ArticleAs you’re likely aware, some project owners require a contractor to acquire bonding to financially insure...
Read ArticleThe construction industry has been experiencing a digital transformation for a while now.
Read ArticleThe IRS has reported that millions of businesses are likely eligible for the research credit, yet...
Read ArticleYour construction company no doubt excels at its stated purpose. Where you might struggle...
Read ArticleDesign-bid-build and design-build are still the two most common project delivery methods in construction.
Read ArticleConstruction accounting has always differed from that of other types of businesses because each project...
Read ArticleMany contractors build and build but never get to the easy part of construction: owning that well-built...
Read ArticleIt’s been about a year since the Paycheck Protection Program (PPP) was launched under the CARES Act...
Read ArticleGiven the events in the past year related to COVID-19, “offsite construction” appears to hold more promise than...
Read ArticleIn the construction business, most of the day-to-day action takes place on the jobsite. Thanks to mobile technology...
Read ArticleMost business owners would tell you that the only thing harder than setting a company budget is sticking to it...
Read ArticleA gradual decline in expected gross profits over the course of a project is known as “profit fade.” It not only...
Read ArticleWhen projects stalled across the country during the initial weeks of the COVID-19 pandemic — some indefinitely because..
Read ArticleThe COVID-19 crisis has revealed a significant insurance protection gap in the construction industry (and others)...
Read ArticleNow that Joe Biden has been projected as the winner of the presidential election by major news outlets,* you may wonder.
Read ArticleLike it or not, staying on top of equipment warranty requirements and expiration dates is an important task in the...
Read ArticleAs of this writing, the construction industry continues to await passage of a federal infrastructure bill. Some...
Read ArticleIn the Old West, the best way to catch a bunch of outlaws hightailing out of town with their rucksacks full of loot...
Read ArticleConstruction companies are well advised to follow Generally Accepted Accounting Principles (GAAP) when preparing...
Read ArticleContractors can’t work from home, but they can benefit from technology that supports remote collaboration...
Read ArticleIn difficult economic times, cost-cutting becomes a necessity — and employee benefits are an easy target...
Read ArticleThe COVID-19 pandemic and resulting economic slowdown have made careful planning of every job essential...
Read ArticleLike so many aspects of 2020, year-end tax planning will likely be different this year. Construction company owners...
Read ArticleWhen the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law in late March 2020, it got...
Read ArticleThe novel coronavirus (COVID-19) pandemic has brought unprecedented challenges to the construction industry. We’ve...
Read ArticleContractors must deliver projects on schedule and within budget — or risk taking a loss. That’s why many of today’s...
Read ArticleSuccession planning has long been an important issue for contractors. Sadly, one of the many tragic effects of the...
Read ArticleWhen a severe delay hits a construction project, a contractor’s level of financial risk tends to skyrocket. If the...
Read ArticleRevenue coming into a business is an obvious temptation for a dishonest person. Picture the stacks of bills in the...
Read ArticleContractors often need to retool their branding to better represent their services or reach new customers...
Read ArticleAn unfortunate fact of life is that accidents can happen, especially in construction. The industry experienced a...
Read ArticleWe realize you’ve received many warnings on the Coronavirus (COVID-19) pandemic. We have reached the point where...
Read ArticleActivity-based costing is an accounting methodology that identifies activities and assigns a cost to each one based...
Read ArticleIt’s been over a year since the IRS issued final regulations regarding Internal Revenue Code Section 199A. This Code...
Read ArticleThey’re big, and they’re big business. Megaprojects — large-scale and often high-profile construction projects that...
Read ArticleMention “green building” and most contractors think of the U.S. Green Building Council’s Leadership in Energy and Env...
Read ArticleThe new year is a perfect time to re-evaluate your small or mid-sized business. In the past 30 years as a practicing...
Read ArticleConstruction work in progress (WIP) reports are too often ignored and less often fully understood. Your WIP reports...
Read ArticleIt’s easy to get intimidated when applying for a business loan. You have the need; the bank has the money — how can...
Read ArticleDo your employees know your construction company’s core values? Are they (and you) applying these values to daily...
Read ArticleThanks in part to the Internet (of Things) and cloud computing, artificial intelligence (AI) has transitioned from...
Read ArticleA contractor who specializes in building and renovating medical facilities loves his gadgets. Recently, he read an ar...
Read ArticleNearly all construction companies began with a business plan — or should have. It’s the road map that outlines the co...
Read ArticleNo one likes a creep. When it comes to construction projects, one kind of creep to avoid is scope creep. This is when...
Read ArticleMost construction projects succeed because of the strong relationships between the general contractor and subcontrac...
Read ArticleA high-end homebuilder in a growing suburban area had been slow to adapt to social media. She didn’t think much...
Read ArticleManaging project costs can get tricky — especially in today’s construction materials marketplace. Materials represent...
Read ArticleThe construction industry was busy last year — not only with the business of building, but also with mergers and...
Read ArticleConstruction companies are typically organized around the specific talents of a group of individuals. After all, the...
Read ArticleJHM has added three new staff additions to the firm. Alex Hooper and MiKayla Lumpkin...
Read ArticleThe owner of a small subcontracting company was feeling the squeeze. Some new competitors had sprung...
Read ArticleIn construction, building relationships can be just as important as building structures. Project owners tend...
Read ArticleBad luck and unforeseen circumstances can put any construction company in jeopardy of losing bonding capacity...
Read ArticleFor all types of companies, construction businesses included, payroll costs go far beyond compensation meted out...
Read ArticleA long-time general contractor in a densely populated urban area had managed to keep his old, clunky large-format...
Read ArticleGeneral contractors usually have good relationships with their subcontractors. But fraud happens in every industry...
Read ArticleUnder the design-build model, one entity performs the architecture, engineering and construction components of a...
Read ArticleAlthough the Tax Cuts and Jobs Act (TCJA) was signed into law more than a year ago, its impact continues to...
Read ArticleA construction company that specializes in building and servicing luxury residences bought into telematics early...
Read ArticleConstruction is a risky business. Most contractors like to stay positive, but it can be productive from a strategic...
Read ArticleA full-size construction excavator can weigh upwards of 90 tons. That level of heft would seem to make it next to...
Read ArticlePaying for insurance is all part of the cost of being in the construction business. But that doesn’t mean contractors...
Read ArticleNow that Joe Biden has been projected as the winner of the presidential election by major news outlets,* you may wonder.
Read ArticleThe new year is a perfect time to re-evaluate your small or mid-sized business. In the past 30 years as a practicing...
Read ArticleThe new year is a perfect time to re-evaluate your small or mid-sized business. In the past 30 years as a practicing...
Read ArticleWe are blessed to live in a city that has been described as one of the most philanthropic in the...
Read ArticleWe realize you’ve received many warnings on the Coronavirus (COVID-19) pandemic. We have reached the point where...
Read ArticleJHM has added three new staff additions to the firm. Alex Hooper and MiKayla Lumpkin...
Read ArticleOwners of successful construction companies can usually predict the future. It’s not because they have magical powers...
Read ArticleThe success of most construction businesses is built on not only quality work, but also positive relationships...
Read ArticleSemiconductor chips are essential components of many electronic devices. These include smartphones...
Read ArticleNowadays everything is “smart,” from phones to watches to appliances to, well, buildings. In a smart building...
Read ArticleRising inflation is on every business owner’s radar — and contractors are no exception. Although you obviously...
Read ArticleLike many business owners, contractors tend to focus most of their tax-related attention on federal, state and local...
Read ArticleConstruction ranks among the top five industries with the highest median losses from fraud, says...
Read ArticleThere’s little remaining debate about the importance of technology in construction. It’s everywhere...
Read ArticleConstruction business owners, we’re heading into fall. The end of the year will be here before you know it...
Read ArticleJust like any other type of business, construction companies typically need to offer a solid benefits package to...
Read ArticleEarlier this year, the federal Office of Management and Budget published guidance regarding the implementation...
Read ArticleConstruction might not be as data driven as some other industries, but contractors still process plenty of information..
Read ArticleYou need look no further than the hit TV show “Succession” to see how lack of a clear succession plan can tear a...
Read ArticleIf there’s any aspect of the construction business that gives you mixed feelings, it’s probably the humble — or in...
Read ArticleMany construction companies rely on their ability to procure surety bonds to win projects. Owners of those jobs...
Read ArticleSmall to midsize businesses might assume hackers won’t bother with them. But construction companies...
Read ArticleAs construction season heats up nationwide, contractors could encounter opportunities to engage in joint...
Read ArticleThe term “pandemic weary” has been used to describe a population fatigued by anxiety and changes...
Read ArticleHere’s an often-overlooked fact: Meticulous recordkeeping plays a key role in running a successful...
Read ArticleThe COVID-19 pandemic and climate change are profoundly impacting building design. Top of mind...
Read ArticleWith the signing of the Infrastructure Investment and Jobs Act in late 2021, things are looking up for federal...
Read ArticleLife comes at you fast. Marriages end, illnesses and injuries occur, people decide to change careers or retire...
Read ArticleThe COVID-19 pandemic’s ongoing impact on supply chains and labor have made managing project costs increasingly...
Read ArticleContractors are regularly urged to buy the latest and greatest high-tech solutions, but no software tool is perfect...
Read ArticleClear, accurate and properly created financial statements can go a long way toward helping a construction company...
Read ArticleConstruction companies that work near one or more state borders may eventually want or need to bid on out-of-state...
Read ArticleConstruction companies need insurance, but what kind? The answer depends on the size and structure of your business...
Read ArticleA recent report found that 92% of construction project owners and 96% of contractors across the globe have a digital...
Read ArticleWhen two or more like-minded individuals decide to launch a construction company, a partnership is often the most...
Read ArticleConstruction companies are no strangers to mergers and acquisitions (M&A). In fact, M&A transactions in the...
Read ArticleFor years, contractors have been urged to explore and adapt “lean” practices originally pioneered in the...
Read ArticleThe roots of building information modeling (BIM) lie in manufacturing and computer-aided drafting. Over the years...
Read ArticleFor contractors, the struggle to find skilled workers — and in some cases any workers at all — is real. It’s a long...
Read ArticleMost experts would agree that the best way to minimize fraud at any company, including a construction business...
Read ArticleChange orders can lengthen a project’s schedule and increase labor and material costs. Of course, they can also...
Read ArticleSupply chains in the construction industry are often complex and difficult to manage. The bigger the project...
Read ArticleIt may seem a little early but, with all that’s changed over the past year or so, now’s a good time for...
Read ArticleCertain aspects of a construction company will obviously raise or lower its value. These include the strength...
Read ArticleAs you’re likely aware, some project owners require a contractor to acquire bonding to financially insure...
Read ArticleThe construction industry has been experiencing a digital transformation for a while now.
Read ArticleThe IRS has reported that millions of businesses are likely eligible for the research credit, yet...
Read ArticleYour construction company no doubt excels at its stated purpose. Where you might struggle...
Read ArticleDesign-bid-build and design-build are still the two most common project delivery methods in construction.
Read ArticleConstruction accounting has always differed from that of other types of businesses because each project...
Read ArticleMany contractors build and build but never get to the easy part of construction: owning that well-built...
Read ArticleIt’s been about a year since the Paycheck Protection Program (PPP) was launched under the CARES Act...
Read ArticleGiven the events in the past year related to COVID-19, “offsite construction” appears to hold more promise than...
Read ArticleIn the construction business, most of the day-to-day action takes place on the jobsite. Thanks to mobile technology...
Read ArticleMost business owners would tell you that the only thing harder than setting a company budget is sticking to it...
Read ArticleA gradual decline in expected gross profits over the course of a project is known as “profit fade.” It not only...
Read ArticleWhen projects stalled across the country during the initial weeks of the COVID-19 pandemic — some indefinitely because..
Read ArticleThe COVID-19 crisis has revealed a significant insurance protection gap in the construction industry (and others)...
Read ArticleLike it or not, staying on top of equipment warranty requirements and expiration dates is an important task in the...
Read ArticleAs of this writing, the construction industry continues to await passage of a federal infrastructure bill. Some...
Read ArticleIn the Old West, the best way to catch a bunch of outlaws hightailing out of town with their rucksacks full of loot...
Read ArticleConstruction companies are well advised to follow Generally Accepted Accounting Principles (GAAP) when preparing...
Read ArticleContractors can’t work from home, but they can benefit from technology that supports remote collaboration...
Read ArticleIn difficult economic times, cost-cutting becomes a necessity — and employee benefits are an easy target...
Read ArticleThe COVID-19 pandemic and resulting economic slowdown have made careful planning of every job essential...
Read ArticleLike so many aspects of 2020, year-end tax planning will likely be different this year. Construction company owners...
Read ArticleWhen the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law in late March 2020, it got...
Read ArticleThe novel coronavirus (COVID-19) pandemic has brought unprecedented challenges to the construction industry. We’ve...
Read ArticleContractors must deliver projects on schedule and within budget — or risk taking a loss. That’s why many of today’s...
Read ArticleSuccession planning has long been an important issue for contractors. Sadly, one of the many tragic effects of the...
Read ArticleWhen a severe delay hits a construction project, a contractor’s level of financial risk tends to skyrocket. If the...
Read ArticleRevenue coming into a business is an obvious temptation for a dishonest person. Picture the stacks of bills in the...
Read ArticleContractors often need to retool their branding to better represent their services or reach new customers...
Read ArticleAn unfortunate fact of life is that accidents can happen, especially in construction. The industry experienced a...
Read ArticleActivity-based costing is an accounting methodology that identifies activities and assigns a cost to each one based...
Read ArticleIt’s been over a year since the IRS issued final regulations regarding Internal Revenue Code Section 199A. This Code...
Read ArticleThey’re big, and they’re big business. Megaprojects — large-scale and often high-profile construction projects that...
Read ArticleMention “green building” and most contractors think of the U.S. Green Building Council’s Leadership in Energy and Env...
Read ArticleConstruction work in progress (WIP) reports are too often ignored and less often fully understood. Your WIP reports...
Read ArticleIt’s easy to get intimidated when applying for a business loan. You have the need; the bank has the money — how can...
Read ArticleDo your employees know your construction company’s core values? Are they (and you) applying these values to daily...
Read ArticleThanks in part to the Internet (of Things) and cloud computing, artificial intelligence (AI) has transitioned from...
Read ArticleA contractor who specializes in building and renovating medical facilities loves his gadgets. Recently, he read an ar...
Read ArticleNearly all construction companies began with a business plan — or should have. It’s the road map that outlines the co...
Read ArticleNo one likes a creep. When it comes to construction projects, one kind of creep to avoid is scope creep. This is when...
Read ArticleMost construction projects succeed because of the strong relationships between the general contractor and subcontrac...
Read ArticleA high-end homebuilder in a growing suburban area had been slow to adapt to social media. She didn’t think much...
Read ArticleManaging project costs can get tricky — especially in today’s construction materials marketplace. Materials represent...
Read ArticleThe construction industry was busy last year — not only with the business of building, but also with mergers and...
Read ArticleConstruction companies are typically organized around the specific talents of a group of individuals. After all, the...
Read ArticleThe owner of a small subcontracting company was feeling the squeeze. Some new competitors had sprung...
Read ArticleIn construction, building relationships can be just as important as building structures. Project owners tend...
Read ArticleBad luck and unforeseen circumstances can put any construction company in jeopardy of losing bonding capacity...
Read ArticleFor all types of companies, construction businesses included, payroll costs go far beyond compensation meted out...
Read ArticleA long-time general contractor in a densely populated urban area had managed to keep his old, clunky large-format...
Read ArticleGeneral contractors usually have good relationships with their subcontractors. But fraud happens in every industry...
Read ArticleUnder the design-build model, one entity performs the architecture, engineering and construction components of a...
Read ArticleAlthough the Tax Cuts and Jobs Act (TCJA) was signed into law more than a year ago, its impact continues to...
Read ArticleA construction company that specializes in building and servicing luxury residences bought into telematics early...
Read ArticleConstruction is a risky business. Most contractors like to stay positive, but it can be productive from a strategic...
Read ArticleA full-size construction excavator can weigh upwards of 90 tons. That level of heft would seem to make it next to...
Read ArticlePaying for insurance is all part of the cost of being in the construction business. But that doesn’t mean contractors...
Read ArticleBuilding information modeling (BIM) has been changing the landscape of construction for a significant period of time...
Read ArticleIf your company doesn’t offer employee assistance plans (EAPs), consider some statistics...
Read ArticleIt goes without saying that no contractor sets out to create an unsafe jobsite. Given the randomness of accidents...
Read ArticleA construction company may do many great things to operate profitably. But when expenses come due, suddenly its...
Read ArticleThe new year is a perfect time to re-evaluate your small or mid-sized business. In the past 30 years as a practicing...
Read ArticleThe new year is a perfect time to re-evaluate your small or mid-sized business. In the past 30 years as a practicing...
Read Article