Business Services: Page 114

Business
World Trade Center Contractor Found Guilty of Fraud
Canadian contractor found guilty of defrauding program intended to promote minority- and women-owned businesses
Business Services
Minority-owned Residential Construction Firms on the Rise
Total number of U.S. residential construction firms has declined while the share of those owned by minorities has risen to 23%
The absolute number of minority-owned residential construction firms grew 44% between 2007 and 2012, going from roughly 109,000 firms to 157,000. In contrast, as Figure 3 shows, the number of firms owned by non-minorities declined 19% during this 5-year period, falling from 645,000 to 525,000.
Business Services
Construction Job Openings Continue to Rise
The open position rate in the construction industry in June was 3% while the construction sector hiring rate declined to 4.7% in June
Monthly employment data for July 2016 indicate that home builder and remodeler net hiring continued to be weak, as sector employment increased by only 700, after posting declines in May and April. Residential construction employment now stands at 2.583 million, broken down as 720,000 builders and 1.863 million residential specialty trade contractors.
Business Services
Construction Employment Hit New Peak Levels in 32 Metro Areas in June 2016
Construction employment increased in 228 out of 358 metro areas, was unchanged in 48 and declined in 82 between June 2015 and June 2016
Construction employment increased in 228 out of 358 metro areas, was unchanged in 48 and declined in 82 between June 2015 and June 2016. Construction employment hit new peak levels in 32 metro areas.
Business Services
Start Preparing for Careers in Construction Month
With shortages of craft professionals across the country, now is the time to promote construction careers in each state
Recognizing October as Careers in Construction Month can generate publicity for the construction industry and help promote career opportunities.
Business Services
Who Assumes the Risk of Material Cost Increases on Construction Projects?
Read the general conditions of a proposed contract and assess the risks involved before submitting your final bid
Read the general conditions of a proposed contract and assess the risks involved before submitting your final bid.
Business Services
Tips for Construction Contractors Wishing to Increase Their Bonding Capacity
Contractors are often not aware or not informed enough about construction bond limits or how to increase it, but these four tips can help
When it comes to bond lines, sureties exercise great scrutiny, so you should be prepared to provide plenty of information if you want your limit to be raised. This means providing information about the character, capacity and capital of your company, the so-called 'three Cs' of bonding.
Apps
[APP] Closeout Streamlines General and Subcontractor Communication
Bridgit
Manage all project work, punch lists and streamline contractor-to-contractor communication with the Closeout construction management mobile app
Closeout provides commercial and residential contractors with a platform to streamline communication between the general contractor and subcontractor teams.
Business Services
How to Avoid Filing a Defective Construction Lien
Failure to comply with each and every one of the applicable procedures and deadlines associated with the filing of a lien will extinguish any lien rights and prevent a contractor from being paid
Failure to “sweat the small stuff” and comply with each and every one of the applicable procedures and deadlines associated with the filing of a lien will extinguish any lien rights and will, more importantly, prevent a contractor from being paid.
Business Services
8 Steps to Improving Mediocre Workers
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Business Services
How to Retain Great Workers Through Coaching, Mentoring
It is critical contractors make a clear, consistent and thorough effort to incorporate coaching and mentoring into the fabric of any construction company
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Business Services
Nonresidential Construction Accounts for Over 80% of Jobs Added to Construction Industry in July
The U.S. construction industry added 14,000 net new jobs in July with nonresidential sector adding 11,500 of those jobs
The nonresidential sector accounted for a majority of July’s gains, adding 11,500 net new jobs. The residential sector remained stagnant for the month, adding only 700 net new positions.
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