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Showing 1–16 of 234 results
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Know what you’re getting into with an IDIQ contract
Spring 2023
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 446
Abstract: For the right type of construction company, an indefinite delivery, indefinite quantity (IDIQ) contract can be a lucrative revenue stream. But being at the “beck and call” of a federal agency isn’t particularly easy. This article discusses how IDIQ contracts work and what steps a contractor should take to be prepared for one.
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How blockchain could change construction
Spring 2023
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 532
Abstract: For reasons both good and bad, cryptocurrency has been in the news in recent months. The trading of these digital investments is made possible by a “digital ledger” technology called blockchain. Could this technology be used for construction contracts? As this article explains, yes, it’s entirely plausible and would offer some intriguing benefits.
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Is it time to formalize your subcontractor prequalification process?
Spring 2023
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 663
Abstract: Operating successfully as a general contractor involves engaging and coordinating qualified and competent subcontractors. Or, to put it another way, the failure of a subcontractor can materially affect the reputation and profitability of the general contractor. This article explores how general contractors can mitigate their risk by creating a detailed, comprehensive subcontractor prequalification process.
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Safety first, safety always – Controlling workers’ compensation costs in the current environment
Spring 2023
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 927
Abstract: Any experienced contractor will tell you: Every safety incident comes with hidden costs, including rising workers’ compensation premiums. If a construction business suffers multiple incidents, the financial impact can be devastating. This article notes some troubling recent statistics and suggests some best practices for keeping workers safe and controlling workers’ compensation costs. A sidebar urges contractors to double-check their experience modification factors.
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4 ways to wise up to smart buildings
Winter 2023
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 456
Abstract: Everything is connected, or so they say. In a smart building, all of the major systems really are connected … to the Internet. And projects to build these types of structures are growing in popularity. This article offers up four ways that contractors can adjust their expectations when working on a smart building.
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CHIPS Act offers opportunities and challenges
Winter 2023
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 520
Abstract: When the Creating Helpful Incentives to Produce Semiconductors and Science (CHIPS) Act was signed into law, most of the hubbub was about how manufacturers would benefit. But not so fast, construction businesses have been handed a great opportunity as well. This article describes how the new law will likely create billions of dollars’ worth of projects for contractors qualified to perform them.
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How to up your financial reporting game
Winter 2023
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: Most contractors would probably rather be on the jobsite than hunched over a spreadsheet. But there’s no denying the key role that accurate and exhaustive financial statements and other reports can play in the success and growth of the business. This article discusses several ways that a construction company can improve at financial reporting.
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What does the future hold? Checking up on backlog: the industry’s and yours
Winter 2023
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 914
Abstract: Few construction companies can get by bidding on, performing and completing one job at a time. The typical practice is to build up a backlog of projects that ensures the business will be busy for the immediate and maybe even long-term future. This article explains how contractors can engage in backlog management using industry data as well as company-focused best practices. A sidebar notes that key performance indicators can greatly aid in this effort.
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Becoming more capable at data capture
Fall 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 449
Abstract: Construction might not be as data driven as some other industries, but contractors still process plenty of information. That’s why “data capture” has become a critical yet often overlooked capability of construction companies. This article explains what data capture is and offers some tips on getting better at it.
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BABA guidance addresses infrastructure projects
Fall 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 544
Abstract: Earlier this year, the federal Office of Management and Budget published guidance regarding the implementation of the Build America, Buy America provisions of the Infrastructure Investment and Jobs Act. Construction companies intending to pursue federal infrastructure jobs should take note. This article summarizes some important points of the guidance, including key definitions, how materials must be sourced and the availability of waivers.
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Need better benefits? Look into a pooled employer retirement plan
Fall 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Just like any other type of business, construction companies typically need to offer a solid benefits package to keep up in the race for talent in today’s tight job market. However, the cash-flow strains common to the construction industry make this difficult. This article discusses the promise of a new type of retirement benefits plan: pooled employer plans, which are a variation on multiple employer plans.
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Act now to maximize depreciation-related tax breaks for 2022
Fall 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 922
Abstract: Current tax law allows two valuable depreciation-related deductions on purchases of equipment, tools, machinery and other assets essential to construction companies. But contractors will need to move fast to make the most of them. This article discusses the latest details on the Section 179 expensing election and bonus depreciation. A sidebar notes that, under some circumstances, construction companies might want to skip these tax breaks.
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6 ways to fortify your cybersecurity defenses
Summer 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 449
Abstract: Construction companies of any size are a prime target for cybercriminals. And recent events have only elevated the threat level. This article suggests six ways that contractors can fortify their defenses, including educating employees, keeping software updated and exploring the need for cybersecurity insurance.
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What is bonding capacity, really?
Summer 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 546
Abstract: Contractors are urged to manage their financials carefully to preserve and even increase their bonding capacities. But sometimes construction company owners lose sight of what really goes into bonding capacity. This article discusses the three Cs of bonding and suggests some ways to boost capacity.
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Proper accounting for change orders makes all the difference
Summer 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 638
Abstract: For contractors, change orders can be both disruptive and profitable. It all depends on how well a construction company manages the documentation and approval process. This article addresses the critical matter of properly handling change orders from an accounting perspective.
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No more drama – Build stability and value into your succession plan
Summer 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 938
Abstract: One need look no further than the hit TV show “Succession” to see how the lack of a succession plan can tear a family and business asunder. Although the show is obviously dramatized, the dangers of failing to think ahead about leadership change are anything but fictional for construction businesses. This article discusses several ways to preempt the drama and put a solid succession plan in place.