Large, global construction firms have attorneys on retainer, but they also have the best insurance coverage possible. If you’re a small contractor or subcontractor company, one liability lawsuit can throw your construction business under the bus. 6 Things You Should Know About Construction Business Insurance You don’t want to pay more for insurance than you […]
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“Laser” was an acronym for “light amplification by stimulated emission of radiation.” The first laser was built in 1960, so it’s not exactly new technology. But 3D laser scanning is just now trending in the construction industry. And the market is expected to grow to $10 billion by 2024. A laser is a device that emits light through a
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The construction industry changes within the last 10 years have been profound. Here’s why: 1. Client Expectations It’s no longer enough to have a portfolio that displays what you did for someone else. (But don’t throw it out or delete that website page – its value has not diminished in the least.) Technology demands you
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This may be the year data center construction projects make headlines, but what about companies that were hard-hit by last year’s pandemic? Some companies’ construction projects crashed and burned. Others stalled out but eventually continued as-planned with a new completion time. Without a doubt, some nonresidential building sectors have been hit harder than others by the
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The total employment of women in construction is very low, 10.3% in 2020. And most of those jobs are front-office, not front-lines. Of all the women employed in construction, 45% of them are in office or administrative roles. An average jobsite has one woman on-the-job for every 100 men. But 44% of the 100 top construction
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Last year was interesting, to put it mildly. But 2021 is shaping up to be a different kind of interesting. Here are some construction industry trends that will very likely affect your business this year. 5 Post-Pandemic Construction Industry Trends That Will Impact Your Business Air handling – Is Covid-19 an airborne virus? It doesn’t
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Marijuana legalization recently passed in six states. Others may follow. If not already, marijuana use may eventually become legal in your state. As a construction contractor business owner or manager, you’ll have to plan for it. Sooner is better than later. Marijuana Use Among Employees: What Are Your Contractor Business Responsibilities and Rights? Medical marijuana prescriptions
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We can say goodbye and good riddance to 2020. It’s time to put that puppy to bed and plan for better business. And it’s time to pay taxes. “The construction industry is unique in that contractors are expected to use different methods of accounting in order to pay the least amount of taxes possible and,
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A “data warehouse” isn’t a large building with garage doors and a loading dock. A data warehouse is a construction industry company’s accumulated information. The data can originate from many sources and is used to drive management decisions. Construction Industry Sees Data Center Boom The construction industry may have been slow to embrace technology and
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Artificial intelligence is enhancing construction industry infrastructure deliverables by providing valuable – and possibly life-saving – insights. The American Society of Civil Engineers recently learned more than 56,000 bridges in the United States are structurally deficient. One technology firm is using AI to watchdog bridge issues before they can take hold. It provides “actionable intelligence” for
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