Business Services: Page 113

Business Services
July US Nonresidential Construction Starts Drop 5%
Commercial work, at -26.4%, accounted for much of the -5.2% month-to-month deterioration in total starts in July
July’s level of U.S. construction starts, excluding residential work, was $33.6 billion, a month-to-month change of -5.2% versus June. July is the final month in any year when a seasonal lift is expected. From August through February of the following year, the month-to-month tendency is for declines.
Business Services
Construction Continues to Increase Its Percentage Contribution to National GDP
The percentage contribution of construction to national GCP increased in 30 states in 2015 with North Dakota leading the way
Nationally, construction’s direct contribution to GDP increased by 0.1% to 3.9% from 2014 to 2015.
Construction News Tracker
[VIDEO] Could Q2 Spending Slide Signal Turning Point for Construction?
Was second quarter construction spending weakness just a coincidental volatility or has construction reached a turning point that has eluded economists' outlooks; plus more industry news on the August 17, 2016 edition of Construction News Tracker
[VIDEO] Could Q2 Spending Slide Signal Turning Point for Construction?
Business Services
How to Catch More Customers with the Right Bait
Construction Business Coaching
Think of your bid or proposal as tempting bait customers will want to bite; think of your target market as fishing holes with lots of fish who want what your company has to offer
Just like in fishing, when you decide to bid on certain project or customer types, your goal is to catch either big ones or lots of fish. In order to be successful, you have to spend time researching and looking for the right fishing holes (markets) where fish (or customers) bite often.
Business Services
Despite Slight Moderation, Architecture Billings Index Positive for Sixth Straight Month
Index has been positive 10 of the past 12 months while regional readings were a mixed bag in July
Despite billings by architecture firms for construction projects weakening for the second consecutive month in July, falling 1.1 points to a print of 51.5, the overall trend is positive and has been in expansion territory for the past six months.
Business Services
Contractors Make Recommendations Based on Experience
American Society of Concrete Contractors (ASCC)
Contractors citing previous experience should make their recommendations with the understanding the final decision will be made by the designer and owner.
Business Services
Safety Matters
Contractors need to remain alert and put safety as a priority in everyday operations.
Apps
[APP] Track, Monitor and Utilize Fuel Data with the HCSS FuelerPlus Mobile App
Heavy Construction Systems Specialists, Inc. (HCSS)
FuelerPlus allows you to get rid of your paper fuel tickets and track every drop of fluid across your organization electronically
FuelerPlus allows you to get rid of your paper fuel tickets and track every drop of fluid across your organization electronically including the ability to track and trend daily fuel or fluid consumption and manage your fluid container levels.
Business Services
How to Re-Ignite a Tired Foreman
Re-igniting the fire under your field leaders isn’t easy nor is it a one-time activity
As tempting as it is for most contractors to want to kick a field leader in the pants to “pick it up,” it’s important that contractors discern whether a struggling foreman is just having a bad week or is there something a bit more invasive. Re-igniting the fire under your field leaders isn’t easy nor is it a one-time activity. Consistency is important here.
Business Services
How Construction Contractors Can Manage the 'New Work Ethic"
The work ethic today may not be the same as it was years ago, but there are positives of the "new work ethic" in the construction workplace
Not all aspects of the “new work ethic” are necessarily bad. Consider both sides to this reality in our workplace today and learn from some improvement strategies for contractors.
Business Services
Four (Not So) Common Tax Mistakes Construction Contractors Make
Properly track your work, understand vehicle depreciation expense and know whether to use the cash or accrual accounting method will all help in avoiding tax mistakes
Make sure to properly track your work in progress. If all your costs – both direct and indirect – are not included in cost of goods sold, then the company’s balance sheet will be incorrect, and inevitably lead to an inaccurate profit/loss statement.
Business Services
Nonresidential Construction Input Prices Remain Unchanged in July
Input prices for both the nonresidential construction segment and construction as a whole are 2.3% lower than they were a year ago
“A weak and disappointing global economy has not been able to drag prices higher,' said ABC Chief Economist Anirban Basu. 'Persistently low prices have placed a lid on the quantity supplied in many input categories, which has helped prevent widespread materials price declines recently.'
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