Category: Insurance & Leasing
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What the Steel and Aluminum Tariff Could Mean for Construction
In an effort to protect America’s steel and aluminum industries, on February 11, President Trump signed proclamations to close loopholes, restoring a “true” 25 percent tariff on steel, raising the tariff from 10 to 25 percent on aluminum. As quickly as President Trump addressed these tariffs on what are vitally imported construction materials, it didn’t…
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How Dashcams are Enhancing Safety and Protecting Fleets From Fraud
Let’s face it — we live in a world where everything is prone to going viral. A recent epidemic that has taken the Internet and social media platforms by storm is auto insurance fraud attempts, thanks to the rapid adoption of dashcams. Dashcams have become essential for businesses reliant on vehicles and heavy equipment. They…
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Tracking Leased Concrete Equipment | For Construction Pros
In the concrete and construction sectors, leased equipment is vital to project success. From concrete mixers to cranes, leasing enables companies to leverage high-performance machinery in a much more cost-effective way than through outright ownership. Effective management of these leased assets is challenging and can directly impact profitability, compliance, and operational efficiency. Asset management software…
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Ending Payment Delays in the Construction Industry
Every day, construction companies across the United States lose nearly $767 million due to payment delays and inefficiencies. This staggering drain on the industry totaled $280 billion in 2024 alone — enough to build 14 Empire State Buildings. For an industry already grappling with thin margins and rising costs, these payment delays aren’t just numbers on a…
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The Road Ahead | For Construction Pros
I have been reviewing my notes the last few days for this column. The main topic was going to be about the decline of the Auto Industry and some thoughts on how you could get into a decent new or slightly used truck for an amount lower than what you have been hearing about on…
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Upcoming Contractor Opportunities in Revitalizing America’s Cities 2025
Cities and counties throughout the U.S. are revitalizing downtown areas, providing more housing, adding revenue-generating attractions, and repurposing other public areas. There are numerous drivers behind these types of focused projects, with population growth and the critical need for upgrades to aging facilities standing out as primary reasons. Visionary municipal leaders are planning for the…
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6 Equipment Finance Predictions for 2025: Mitsubishi HC Capital America
Mitsubishi HC Capital America has shared six pieces of insight that are expected to impact the equipment finance industry in 2025. “The convergence of economic shifts and technological advancements in 2024 has created a unique financing landscape for 2025,” said Brian Rosa, president of commercial finance for Mitsubishi HC Capital America. “While many organizations may…
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Bridging the Contractor-Carrier Gap Speeds Weather Claim Resolution
The increase in extreme weather events is making already arduous processes, such as assessments, adjustments, and repairs, more difficult, creating delays in repairs and longer claims cycles. Data from JD Power shows the average claims cycle has increased by six days in the last two years, going from 17.9 days to 23.9 days, and for…
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New Financing Model Benefits for Construction Companies
The construction market is experiencing an oversupply of equipment as dealers who previously purchased large quantities now hold excess inventory, creating a prime opportunity for buyers to acquire new machinery for their businesses. Additionally, the construction equipment market is grappling with a complex mix of economic pressure, supply chain challenges, regulatory changes, and shifting market…
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Weighing the Importance of Costs and Client Relationships in Construction
Over the past five years, small and midsize construction businesses have been hit hard by supply chain disruptions, inflation, and geopolitical pressures that have driven up material costs and intensified labor shortages. While some market conditions have stabilized since the initial upheaval, many contractors still face persistent challenges, affecting their cash flow and bottom line.…