As a general contractor, you have to be selective when it comes to the subcontractors you work with. You want to choose companies that have a dependable skilled workforce, strong management, financial stability, and can perform quality work to your company’s standards. To do this, you need to have an established subcontractor prequalification process in place. As with any business decision, picking subcontractors to work with requires you to do your due diligence. You should be prequalifying every subcontractor you’re considering working with to reduce risks that could impact your business, such as subcontractor default or substandard work.
Are you looking to win more construction bids in 2023? Maybe you’re planning to grow and scale your construction business in the new year, or perhaps you’re just looking to be more efficient in your estimating and bidding process to improve your bid-hit ratio.
Learn how we can help you.
As we bid adieu to 2022, it’s once again time for our end-of-year annual tradition. No, I’m not talking about plotting revenge against all those people who sent me fruitcake again this holiday season. It’s finally time to reveal ConstructConnect's Top 5 Coolest Buildings of 2022.
The buildings we create inspire us, reflect who we are as a society, and stand tall against everything we throw at them. They protect us against the elements, hold us up, and we admire their beauty and strength. When you work in the construction industry, you see evidence of your job every day, from the jobsite you worked on last week to the project you’re hoping to get next month. You’re out there, creating something, every single day.
We’ve compiled the list of Top 10 Most Frequently Cited Standards for Construction for fiscal year 2022 (October 2021 through September 2022).
Running a successful construction company isn’t easy. The industry is full of risks and challenges that can lead to failure. According to data from the Bureau of Labor Statistics, of the 69,296 private construction firms that started operation in 2001, 56% were still around three years later, 26.6% made it to year 10, and only 17.2% were still in operation 20 years later. That’s a failure rate of nearly 82.8%. Let that sink in for a bit.
Construction sites can be a dangerous work environment. Safety managers and project managers are tasked with identifying and eliminating hazards to ensure the safety of everyone on the jobsite. Conducting a job hazard analysis for each job on a project is an effective method for mitigating potential hazards and protecting workers.
Strong relationships between general contractors and subcontractors are an important component of a successful project. These relationships don’t mature overnight, and it takes time and effort from both parties to build a level of trust that evolves into a strong working partnership. Putting in the work to build these relationships can be mutually beneficial to both parties and pay off for years to come.
Construction work is inherently dangerous. Construction consistently leads all industries in total worker deaths each year and has one of the highest fatality rates for worker deaths. The top priority of every construction company should be to protect their workers from injuries and ensure everyone makes it home safe at the end of each shift.