On Friday, May 28, 2021, President Biden released his 2022 FY budget. It calls for $6+ trillion in spending that “reimagines how – and for whom – the economy works,” says Vox reporter Cameron Peters. Infrastructure spending and education are focal points. “Trickle-down economics has never worked,” said Biden. “The best way to grow our economy […]
Biden’s Budget Boosts Construction Industry Read More »
Of the key economic indicators for our country, housing starts are a leading indicator. Housing starts are sensitive to mortgage rates, which are affected by interest rates, so they represent about 4% of annual gross domestic product (GDP). The industry itself and your construction business are considered economic activities. What’s Changed, Unchanged In 1 Year: Construction Business The
Construction Business One Year Post-Pandemic Read More »
We’re facing a lot of challenges. But for our labor-driven construction industry, the shortage of talent is having the biggest impact. We need user-friendly technology solutions and we need them now. Machine-Control Technology: The Construction Industry Partner Excavation is one of the most complex aspects of project work for the construction industry. Becoming an excavation
Construction Industry Partners with Technology to Overcome Challenges Read More »
Maybe the most important aspect of promoting construction safety on the jobsite is encouraging proactivity. The construction industry was primarily (and still is) developed and staffed by men. And real men keep their mouths shut, right? Wrong. It’s time to say something when you see a potential safety hazard. If a co-worker is doing something
Construction Safety: Talking the Talk Read More »
The Occupational Safety and Health Administration recommended construction industry project managers and team leaders encourage COVID-19 vaccinations. The CDC (Centers for Disease Control) suggested onsite vaccination clinics, paid-time-off incentives, and other promotions to increase the number of vaccinated construction workers. To clarify, the general consensus is an employer can require the COVID-19 vaccination as a
OSHA Updates Vaccination Policy for Construction Industry Read More »
“They” say that those of us in the construction business are slow to accept change. We’re slow to develop and implement new business practices. We believe what “they” say is a misconception about our industry. The pandemic has forced our country to reassess the architectural design and construction of hospitals, schools, offices, and any commercial
Construction Business Misconceptions Read More »
The Great Lakes State’s increases in coronavirus cases put even greater pressure on construction industry companies. Calculating exposure risks, vaccine policies – the logistics continue to be difficult. Multistate construction companies are facing “a moving target,” says construction industry writer Katie Clarey. Coronavirus liability laws are inconsistent and vary across state borders. Construction Industry Businesses
Multistate Construction Industry Companies and COVID Read More »
Certified public accountant Erin Roberts says President Biden’s $2.3 trillion infrastructure proposal (American Jobs Plan) won’t penalize most construction industry contractors. In fact, the cash infusion will benefit many. Because the majority of construction firms are “pass-through” (S corporations, sole proprietorships, partnerships) companies, they’re not subject to corporate taxes. How Taxes May Impact Construction Industry Firms
Construction Industry and American Jobs Plan Read More »
Construction projects are either public or private. Most of us work on private construction projects, but with the potential for mega-opportunities in the public sector, you may be considering bidding on one or more. Ownership Matters Within the public sector, projects are either federal or state. “State” projects can be commissioned by any state-funded entity
FYI: Public Construction Projects Read More »
There are 9.9 million men working in the construction industry. There are 1.1 million women in construction. In addition to the disparity of employment, there’s also a difference in the roles men and women in construction have. Most men in construction have jobs in: Construction labor Extraction Finance Maintenance Transportation Women in construction are usually
Women in Construction Making a Positive Difference Read More »
