Category: Business Services
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4 Common Forecasting Mistakes Construction Companies Should Avoid
Few industries are so sensitive to the whims of the economy as construction. Supply chain disruptions, labor shortages, inflation and regulation have left many businesses feeling as though they just can’t keep up. How can anyone make meaningful, actionable projections when every month brings a new and unforeseen change? The answer is that a good…
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The Trend Toward Bright-Line Protections: Recent Legislative Updates to Prompt Payment Laws Across the Country
Prompt payment statutes have long served as the backbone of financial fairness and predictability in the construction industry. Designed to ensure that those who perform work and furnish materials are paid timely, these statutes help maintain cash flow stability across all tiers of a project. In recent years, state legislatures across the country have taken…
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Delegated Design in Construction: How to Avoid Legal and Financial Risks
Design delegation has become increasingly prevalent in modern construction, encompassing everything from curtain wall systems to precast panels and fire protection layouts. Contractors and specialty subcontractors are frequently expected not only to construct but also to assume responsibility for portions of design. While this model can enhance project efficiency and delivery, it introduces legal complexities…
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Bridging the Skills Gap: PlaneraEDU Prepares Construction Students for the Digital Jobsite
The construction industry stands at a crossroads. Faced with a persistent labor shortage, rising complexity in project delivery, and growing demands for speed and precision, construction leaders are under pressure to rethink how we prepare the next generation of workers. Nowhere is this more critical than in construction education, where traditional teaching methods and legacy…
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Rebuilding the Craft Workforce: Strategies for Retention and Growth
The construction industry has long grappled with the challenge of attracting and retaining skilled craft professionals. Following a significant slowdown in hiring, it’s more important than ever to reexamine how we engage with the people who bring our projects to life. As demand begins to rise again, the workforce isn’t returning at the same pace.…
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4 Rules for Smarter Economic Forecasting in Construction
Planning for the future has never been as vital — nor as daunting — as it is today. The past five years have demonstrated just how tumultuous the construction industry can be – from supply chain disruptions and labor shortages to rapid inflation and regulatory shifts, each year seems to bring new and unforeseen changes.…
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Why California’s Building Code Sets the Standard for Construction Across the U.S.
Construction professionals carry the critical responsibility of delivering structures that are safe, habitable, accessible and energy efficient. A key component of that responsibility is adherence to current building codes and compliance best practices — both of which are essential for ensuring successful outcomes across every phase of a project. A foundational best practice is maintaining…
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How Disorganized Project Data Is Costing AEC Firms Millions
Information management isn’t just about staying organized. It’s about staying profitable. If you’re leading a busy architecture, engineering or construction firm (AEC), you’ve seen what happens when files get lost, RFIs slip through the cracks or your team spends hours chasing down the latest drawing. That waste adds up. The right information management system doesn’t…
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The Intrapreneur’s Guide to Building a U.S. Subsidiary from the Ground Up
Intrapreneurship — the art of harnessing entrepreneurial energy within an existing organization — takes many forms. It can be implemented at the department level, where a new department or team explores innovative approaches in operations, marketing, IT, etc. It can happen at the division level, where a new product, service or line of business is…
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How Construction Companies Are Replacing CFO Turnover with Team-Based Financial Leadership
In today’s construction industry, uncertainty is a constant. Volatile material costs, protracted billing cycles and razor-thin margins place significant strain on management teams. For many mid-sized subcontractors and GC’s, an emerging challenge is a revolving door in financial leadership – high turnover in the CFO role is creating a dangerous blind spot. Research shows that…