They say time is money. That’s especially true for construction projects. Time lost on the job translates to additional expenses that eat into your bottom line. Here are a few tips to making your next project more efficient and improve your profit margin in the process.
1. Stay Productive
Keeping your team on task throughout a project is often the difference between meeting your deadline and expensive delays. Some keys to staying productive include:
- Meetings are necessary to keep your team informed. Prepare an agenda to keep meetings on-point and concise. Anticipate questions and be prepared to answer.
- Avoid micromanaging trusted employees. It only distracts them and you from completing the job at hand.
- Setbacks are inevitable. Deal with them promptly to avoid additional fallout down the road.
2. Choose Trusted Vendors
Knowing your mobile office, portable storage container or rented equipment will be delivered on time and in good condition lets you to focus on completing your project. Consider the cost of time spent chasing down vendors due to poor service or products Read more
A new school year’s underway, and here’s what we know about the state of education:
- The generation now heading back to class is the largest since the Baby Boomers.
- School populations are projected to grow steadily through 2019.
- At $10 billion, U.S. spending on school construction is half of what is was prior to the recession.
- The American Society of Civil Engineers report on infrastructure gave our schools a D+.
Clearly, there’s a gap between the need for learning space and the resources invested in building it. Is modular an effective solution? We think so, and here’s why: Read more
For the first time since 2008, unemployment in the in construction industry has dropped below double digits to 9.8 percent. The Bureau of Labor Statistics confirmed the addition of 195,000 jobs for June, 13,000 of which were in construction. Gains in construction were offset by the loss of 6,000 manufacturing jobs. The national unemployment rate remained at 7.6 percent.
Investing in Construction
June’s job growth comes on the heels of a recent industry-wide increase in construction Read more
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Newly-released data from the Bureau of Labor Statistics (BLS) confirms the US economy added 175,000 jobs in May — 7,000 of which were in the construction sector. At the same time, May’s positive employment numbers resulted in a slight uptick in the unemployment rate, from 7.5% to 7.6%, as more job seekers have reentered the market, according to Bloomberg News.
The good news in construction comes by way of an increase of 7,000 jobs in May. Enthusiasm regarding the gain is tempered by the 6,000 construction jobs lost in April. Specialty Trade Contractors posted the highest gains in Read more
The Department of Energy, the EPA, and the U.S. military are among the federal and construction programs now feeling the effects of the Sequester’s $4 billion in mandatory budget cuts that began on March 1st, according to recent article on ENR.com.
A report to Congress by the Office of Management and Budget (OMB) outlines cuts made by the Sequester. Here’s a quick look at where they’ll be felt most.
Hardest hit by the cuts are the states still recovering from Hurricane Sandy, with the $50 billion already approved by Congress for natural disaster relief earmarked for reduction. Specifically, New York, Read more
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For those who remain skeptical of the construction industry’s return in 2013, here are a few numbers that may sway your opinion. A press release from the Associated General Contractors of America (AGC) confirmed last week that in January the U.S. hit a three–year high for both construction employment and spending.
- 28,000 jobs were added in January, the eighth straight month of job growth
- Construction spending was up 7.8%, the ninth month in a row that spending grew
“The new employment data show the industry lost even more jobs in the recession than previously estimated but has added almost 300,000 jobs in the past two years, including nearly 100,000 since Read more