Category: Estimating & Bidding
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Equipment Sale Leaseback: IRS vs. FASB Considerations
An equipment sale leaseback is a financial arrangement where a company sells its equipment to a leasing company or financial institution and then immediately leases it back for continued use. Essentially, it’s a way for a business to free up cash tied to equipment it owns while still retaining access to that equipment for its operations.…
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7 Data Sources That Cut Project Costs and Time
Every project, no matter how big or small, is a race against time. The longer it takes, the less profitable it is. And while shortcuts can save time, they can also lead to accidents. Striking the right balance between efficiency, productivity, profitability and ensuring worker safety is always the goal but recent data shows construction…
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How AI Agents are Leading the Future of Construction
Envision your future job site: autonomous bots doing layout, material staging and installations; drones conducting inspections; and office staff using virtual reality to interact with a digital twin comparing the plans to the as-built. For leaders of most construction firms, that future state for the field is not something they expect to see this decade.…
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Gordian Reveals Construction Industry Cost Insights for Q1 2025
As a provider of data-driven solutions for the building lifecycle, Gordian released its 2025 RSMeans Data. The RSMeans Data is updated quarterly to reflect the state of cost lines in the industry. Gordian reported that construction costs continued to increase slightly faster than inflation heading into 2025, with labor wages rising by an average of…