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Construction Industry News | Operating Insights

By: Kendall Jones
January 17th, 2022

All in all, 2021 was an okay year for the commercial construction industry. Overall construction spending was up, with residential construction put-in-place seeing an increase but nonresidential experiencing its second year of decline.  

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Operating Insights

By: Kendall Jones
December 17th, 2021

Are you looking to win more construction bids in 2022? 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.

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Operating Insights

By: Kendall Jones
December 3rd, 2021

From building materials to tools to heavy equipment, construction site theft is an industry-wide epidemic. In addition to the direct costs of replacing the stolen goods, there is also the indirect cost due to increased insurance premiums, rental costs to replace stolen equipment, and lost productivity.

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Operating Insights

By: Kendall Jones
November 23rd, 2021

Cash flow is the lifeblood of any commercial construction project. Being able to effectively manage cash flows on projects and throughout the year can be the difference between the success and failure of your business.

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Green & Sustainable | Operating Insights

By: Karen Lopez
November 17th, 2021

Circular economy solutions aim at establishing a sustainable model of production and consumption by optimizing resources and reducing and recovering waste (giving it a second life as a new product). Thus, by adopting these solutions, businesses can extend product lifecycles, reuse waste, and ensure a more sustainable production model.

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Operating Insights

By: Ed Williams
November 5th, 2021

Construction process management is a crucial step for executing a project. It is the very basis on which a sound foundation is laid by project managers as they learn the ropes to navigate complex construction landscapes. For this, a project manager has to acquire a number of skills and gain competencies to handle complex projects and work with numerous teams.

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Operating Insights

By: Kendall Jones
October 29th, 2021

Is your construction firm planning to increase headcount in 2022? That could prove to be a difficult task. According to a recent survey by the Associated General Contractors of America, 88% of construction firms indicated they are experiencing project delays and worker shortages are the second leading cause (61%) cited behind longer lead times or shortages of materials (75%).

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Operating Insights

By: Kendall Jones
October 15th, 2021

Effective communication is vital to the successful completion of any construction project. Good communication can improve teamwork and lead to better project collaboration. Poor communication can result in misunderstandings, delays, and issues down the road.

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Operating Insights

By: Karen Lopez
October 7th, 2021

There are nearly 10,000 sports complexes in the United States and together, they earned $1 billion in 2019. Over 33,000 people are employed in the running and upkeep of these sports complexes.

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Operating Insights

By: Jacob Davis
October 1st, 2021

Finding reputable, dependable subcontractors can be challenging.