Past studies by the Department of Homeland Security have confirmed that businesses that reopen within days of a major disaster are up to four times more likely to resume normal operations, even thrive. Many businesses that are unable reopen quickly never reopen at all.
Our friends at Agility Recovery know how to get operational quickly after a disaster. Watch this video and see how their own team performed in a disaster recovery test.
$25 billion in non-residential construction starts in March marked a 32.4% climb over February numbers according to the just released Construction Industry Snapshot by CMD Group, formerly Reed Construction Data. The positive number in March confirms an upward trend in construction spending, but falls short of the same period last year when spending increased by 40.3%. For comparison, the long-term February-to-March increase has been 6.0%. See the full report from CMD here.
Subcontractors have become the norm at construction sites. The benefits to construction firms are plenty. But so are the risks. On the surface, a quality sub should make your job easier. Alternately, a sub-quality sub can put your entire operation in jeopardy. As you weigh the pros and cons of using subcontractors on the jobsite, here’s what some construction industry experts are saying as to how you can get the most out of these relationships and mitigate risk at the same time.
The only risk you assume here is time lost to vetting an unqualified sub. Take the time to Read more
In 1997 and 1998, construction accounted for 6.14% of national GDP. That number declined dramatically the following year and has risen slowly ever since. In 2013, the most recent year for this data, construction was 3.73% of national GDP. That number does not include related costs such as transportation, the demand for building materials, financial services or subsequent purchases from buyers. These additional costs add as much as 2 to 3% making construction even more Read more
With the cost of oil hovering around $50 a barrel, economists are projecting both positive and negative effects on a national and global scale. But how will lower oil prices affect construction, an industry that’s looking for a big year, and heavily reliant on fuel for transportation, heavy equipment and more?
While architects, engineers and construction pros close the books on 2014, industry experts have already crunched mountains of data and released their predictions regarding where the construction industry is headed in 2015. Here are some highlights from industry analysts.
AGC of America Economist Ken Simonson took a look back at 2014. In a recent release, Simonson cited a report from the Department of Labor which confirmed 37 states and the District of Columbia added jobs between October 2013 and October 2014. The association’s chief economist noted, “These year-over-year and one-month changes show that construction is doing well in most of the country. Yet, the list of states that have added construction jobs varies from month to month, showing that the industry’s recovery remains vulnerable to worker shortages and unfavorable governmental actions.”
Fall Protection remains the most commonly cited OSHA standard according to the recently released top 10 OSHA violations in 2014. The annual list from the Occupational Safety and Health Administration is intended to help employers identify safety concerns so they can take corrective action to avoid citations, injuries or worse.
Earlier this month a man was killed at a construction site New Jersey when a 1-pound tape measure fell 50 stories and struck him in the head. This tragedy is a stark reminder that falling object injuries can and do occur. It could also be considered a call for an industry-wide effort to prevent these incidents in the future.
Falling Object Statistics
A solid object dropped from 64 feet will hit the ground in 2 seconds at a speed of 43.8 miles per hour.
The same object dropped at 106 feet will hit the ground in 3 seconds at a speed of 65.8 miles per hour.
A 2-ounce pen dropped from 230 feet has the potential to penetrate a hardhat.
Effective January 1, 2015, OSHA has revamped its requirements for reporting specific injuries and hospitalizations. In addition to notifying the Occupational Safety and Health Administration (OSHA) of all work-related fatalities within 8 hours, employers under federal OSHA will be required to notify the administration within 24 hours when an employee suffers a work-related hospitalization, amputation or loss of an eye. This new rule resembles the CAL/OSHA rule already in place.
Current regulations require an employer to report only work-related fatalities and in-patient hospitalizations of 3 or more employees. Reporting single hospitalizations, amputations, or loss of an eye is not required.