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Global professional services firm Sikich has hired Jenny Massey to lead the firm’s new economic development consulting practice. The post Sikich Adds Economic Development Consulting Services appeared first on Business Facilities Magazine.
The court may order a stay of a claim pursuant to CPR 3.1(2)(f) where the claimant has previously been ordered to pay the defendant sums in satisfaction of an adjudicator’s decision and the claimant has not done so. That power is exercised, in part, with the “pay now argue later” ethos of the Construction Act 1996 in mind. The key decisions to date (which I discuss below) balance a party’s rights of access to the court against those broader policy objectives.
Carpentry power tools are essential in every do-it-yourself (DIY) project. Whether you’ll work on a small project or a large-scale one, you may need the best power tools to achieve the shape, size, and thickness according to plan. Without the appropriate power tools, it would be more challenging for you to cut, rip, plane, and drill wood. It may also take more time and effort to finish a DIY project.
Construction firms that rely on fixed budgets and outdated procurement methods are losing ground fast. This guide reveals how market leaders are managing financial risk by shifting to incremental budgeting, regional sourcing, and real-time cost tracking. Learn how to structure contracts with price protections, streamline procurement workflows with automation, and avoid labor cost increases with smarter workforce planning.
When you run your own business, it's tempting to take on every responsibility. There are many reasons for doing so: you want something done a specific way because you don't have the time to explain how to do it or because you're not sure someone else can handle the task. Delegating saves you valuable time and energy. Sharing duties with your team also fosters a sense of responsibility, engages them, and helps them develop their skills.
Current trends in Job Order Contracting Process Improvement are enabling improve cost management. Collaborative planning, procurement, and project delivery teams. Improve owner leadership and support. Less dependence upon third party consultants. No excessive fees for JOC products and services based upon a percentage of construction volume. Mutually beneficial outcomes for owners and design-builders. via Four BT, LLC – www.4bt.us – Locally researched detailed line item construction c
Current trends in Job Order Contracting Process Improvement are enabling improve cost management. Collaborative planning, procurement, and project delivery teams. Improve owner leadership and support. Less dependence upon third party consultants. No excessive fees for JOC products and services based upon a percentage of construction volume. Mutually beneficial outcomes for owners and design-builders. via Four BT, LLC – www.4bt.us – Locally researched detailed line item construction c
Pennsylvania will invest an additional $246 million into the Port of Philadelphia to continue modernization efforts and improve regional economic stability. The post Port Of Philadelphia: Gov. Wolf Announces $246M Investment appeared first on Business Facilities Magazine.
It might have taken a while before we started to see enforcement decisions in Ireland’s High Court arising from adjudications under the Construction Contracts Act 2013 but they now seem to be on a roll, with the latest ( John Paul Construction Ltd v Tipperary Co-Operative Creamery Ltd ) handed down just a few weeks ago. This one was all about whether the adjudicator was guilty of some form of procedural unfairness, which the judge decided he wasn’t, and so enforced his decision. .
Site inventory management is a crucial part of any construction business. However, construction inventory can run into a few specific challenges. Plans and timelines can quickly fall apart if supplies fail to meet demand. Additionally, each delay inevitably drains finances and your company’s image. Updating your inventory management style will require a bit of creativity in equal measures of practicality.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
As your construction business grows, it's essential to have trusted financial professionals managing your books and providing strategic financial advice. After all, the busier you get, the more complex financial management becomes - and the less time you'll have to maintain your books and try to make sense of all the data. However, many construction business owners are not sure of the differences between a construction bookkeeper, a construction accountant, a financial planner, and a Certified P
Sometimes it can be beneficial to look at how not to run JOC Program! How NOT to run a JOC Program – 1. (Graphics Source: JOC Audit, City of Long Beach, City Auditor). via Four BT, LLC – www.4bt.us – Locally researched detailed construction cost data and LEAN JOC Program solutions. The post How NOT to run a JOC Program appeared first on 4BT.
ExxonMobil will relocate its corporate headquarters from Irving to Houston, TX, bringing the number of Fortune 500 companies in the area to 25. The post ExxonMobil Is Moving Its Headquarters To Houston appeared first on Business Facilities Magazine.
Compared to the restrictions we faced a couple of months ago with the emergence of the Omicron variant of COVID-19, it really does feel as if we are starting to return to some normality, and it was wonderful to see so many construction law professionals at the Society of Construction Law lunch in London last Friday. I had intended to read Morris J’s interesting judgment in John Graham Construction Ltd v Tecnicas Reunidas UK Ltd on the train home, but I sensibly put that off until the weekend, ot
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Marketing your business can put you in high demand in your community. Higher material prices make customers choosier about which projects they want to start. As a result, some reduce the scope of existing projects, which can leave construction companies with fewer jobs. Competition is already fierce, but by marketing your business online with the emphasis on the right things, you can ensure a steady stream of clients who want your services.
Several aspects of the construction business can only be learned through experience. One of them is negotiating contracts. Owning your business requires many skills, and among the most important might be the ability to manage negotiations. As a business owner, you could find yourself negotiating in many circumstances, such as: Salary and job expectations with a potential employee.
Traditional construction procurement methods can endanger building safety, while an integrated, less adversarial approach can consistently improve safety and quality, while significantly reducing cost and delivery time. “The way in which procurement is often managed can reduce the likelihood that a building will be safe […] Issues at this stage, for example inadequate specification, focus on low cost or adversarial contracting, can make it difficult (and most likely, more expensive) to produce a
Grow Leads & Visibility! Contractors need more than word-of-mouth. A strong website boosts visibility, draws in leads, showcases skills, and enhances your credibility. Learn how a quality site, that is easy to manage, can set you apart from the competition, and help can take your construction business to the next level. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry.
The Economic Development Corporation of Sarasota County, Florida wrapped up 2021 with a new leader and record-breaking job creation and capital investment. The post Sarasota County, Florida Sees National Accolades, New EDO Leader appeared first on Business Facilities Magazine.
What Is Stucco? Stucco is made of Portland cement, sand, water, fiber, pigments, Hydraulic cement, and lime. It is applied as a stucco finish on the exterior phase of the … What Is Stucco | 7 Types of Stucco Finishes | Types of Stucco Materials | Best Stucco Finish For Home | Stucco Finishes | StuccoTextures | Modern Stucco Finishes ?
Construction innovations are progressing rapidly, and the industry now has a tremendous amount of resources to advance construction technology. Construction tech funding hit a record high of $2.1 billion in 2021 —a 100% increase from the year before. . These investments in innovations pay off significantly; research shows that firms that are rated as “digitally savvy” outperform companies by as much as 48% on revenue and 15% on net margin.
Finding your dream home with all the unique features within your budget and in the perfect location can be challenging. However, with a construction loan , you can build your dream home from scratch without making compromises. A construction loan is high-interest, short-term financing that you can use to custom-build your home. It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans.
Speaker: Donna Laquidara-Carr, PhD, LEED AP, Industry Insights Research Director at Dodge Construction Network
In today’s construction market, owners, construction managers, and contractors must navigate increasing challenges, from cost management to project delays. Fortunately, digital tools now offer valuable insights to help mitigate these risks. However, the sheer volume of tools and the complexity of leveraging their data effectively can be daunting. That’s where data-driven construction comes in.
When a business starts, it’s natural for the owner to be a jack-of-all-trades. You may not have the capital to hire specialists or access the technology to help you. As your business grows–or as you look to take a minor role in your construction company–you may find the industry has become over-reliant on you, which makes it difficult for you to take a step back.
The lack of continuous competent leadership is the root cause of environmental and economic woes impacting the DoD’s real property portfolio and its mission. [link]. The DoD has NEVER implemented a robust, system-wide process to monitor and manage planning, procurement, and project delivery for repair, renovation, maintenance, and new construction.
Gary Horstmann and his brother drive around their hometown, cruising through the sleepy little city to count all of the homes and buildings they created with their father some 40 years ago. Quality building runs in their blood. Horstmann Construction Company still boasts 24 nameplates on buildings around Highland, Illinois, and they did it in only five years in business.
What Is Plywood? Plywood is engineering wood that is made up of glueing several layers of wood together. Also, there are different types of plywood used for furniture like cabinets, … 15 Different Types of Plywood | What Is Plywood and Their Types | 15 Best Types of Plywood for Furniture Read More ».
Managing construction projects in disparate systems and spreadsheets is difficult due to numerous moving parts and diverse stakeholder needs. A dynamic, intuitive software solution is essential for everyone involved—owners, designers, engineers, Construction Managers, and General Contractors. Companies need a secure, centralized system to manage documents, scheduling, financials, and more.
What is an inundation canal? Inundation or flood irrigation is a type of irrigation in which the excess water during a flood from a river is diverted using a canal. This method is only possible only during flood season and the canals which are used for this irrigation are called Inundation Canals. These have been […].
The first quarter of every year is the perfect time to revisit and reestablish business goals. And if you’re intent on boosting productivity, accelerating adoption of digital tools, and upping your bottom line, our latest integrations may help you get there. . Most construction professionals recognize the importance of integrations. According to JB Knowledge’s 2021 Construction Technology Report , 85% of construction professionals consider mobile integrations as either “Important” or
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