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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If 2020 were an appliance, it would be a Cuisinart®. Businesses have been processed and pulverized beyond recognition, and construction services are no exception. “Survival of the fittest” was coined by British philosopher Herbert Spencer. We often believe the strongest survive, but that’s not always the case. Those most adaptable to change not only survive; they
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Without discounting the pain the 2020 pandemic has caused for so many, it’s pretty safe to say most of us are sick of coronavirus. Still, some good things are emerging from these hard times. “The COVID-19 pandemic is forcing us to find safer and smarter ways of building homes and offices,” said the World Economic
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Without competitors, there would be no need for strategy. – Keniche Ohmae There’s nothing wrong with watching “the big boys” of construction and learning from their successes. Mentorship can take you to a better place, business-wise, and faster than you imagined. Your competitors are the same-size companies bidding on the same jobs as you. You
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You hear terms like “actionable insights,” “business intelligence,” and “tools” but they’re not talking about screwdrivers, IQ, or 5-year plans. Big data is a reality impacting every segment of the construction industry. When it comes to construction business development and management, what you don’t know can hurt you. Construction Business Development: Managing Information Let’s talk
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Today, construction data drives residential development. That data is shared with creditors, backers, shareholders, and pretty much everyone inside and outside our industry. “There are powerful analytical tools now available to guide a residential construction company’s course,” said Jonathan Smoke, national research professional. “There’s opportunity at every level.” How to Use Construction Data Tools There
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Green energy was getting an even greater foothold on our country earlier this year. The economy was stable, and we were amid one of the longest-running bull markets as of March 11, 2020. Property owners felt they had the financial security they needed to invest in something all of us feel passionately about; preservation of
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What’s fun, healthy, and makes at-home quarantining beyond bearable? A swimming pool! This summer, more than ever before, homeowners are considering residential swimming pool installation. The swimming pool business goes far beyond digging a hole in someone’s backyard. It is pool supplies, pool maintenance, outdoor furniture, landscaping…and more. Two months ago, we weren’t sure we’d be
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Many business owners and operators think building permit data is valuable information for builders. (It is.) It’s also helpful to construction companies, real estate professionals, and economic forecasters. What they don’t realize is many home services organizations regularly utilize building permit data sorts from Construction Monitor. “Yes, the mailing labels feature is nice, but…” There
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It’s no secret: Building permit information is available free to the public. Construction industry company marketers sometimes say, “Why should I pay for something I can get for free?” A few months later, that same construction-industry marketer has utilized – you guessed it – none of that free building permit data. “It’s too hard to
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