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Business
Optimism Among Mid-2024 Construction Industry Trends: Report
Marcum
The Marcum Construction Industry Group released a report based on contractor surveys regarding the healthy of the construction industry.
August 8, 2024
While many factors play into contractors' sense of financial, such as politics and the ongoing labor shortage, overall the picture is positive.
Financing, Insurance & Leasing
Minority-Owned BCMason Group Founder & President Focuses on Community Improvement Projects in Nashville
BCMason Group
With his grandfather and father in construction, the industry was a no brainer for Mason.
July 29, 2024
Brandon Mason, the founder and president of BCMason Group—a certified minority company providing infrastructure
Financing, Insurance & Leasing
Take a Closer Look at Your Rising Costs
GB Financial Services, LLC
With prices on the upswing, be sure to double check your own costs, to see how they compare with this time last year. Talk to vendors and others and let them know you're paying attention.
July 18, 2024
Do yourself a favor and take a dive into your accounts payables and the checks you write to pay vendors. I would assign someone or have your system produce today’s line-item charges against what you were paying in prior years to get an indication of which way prices are headed.
Financing, Insurance & Leasing
Contractors Duty to Warn in Construction
AmTrust Financial
When it comes to liability, the last contractor who “touched” the device, etc., that caused property damage and/or bodily injury is brought into the claim – even if the service or repair performed had nothing to do with the actual claim.
July 16, 2024
In today’s very litigious environment, large and small artisan contractors face a myriad of potential risks when it comes to providing a service or repair at a customer location.
Financing, Insurance & Leasing
Confidence Steady in Equipment Finance Sector
Equipment Leasing & Finance Foundation
Overall, confidence in the equipment finance market is 50.2, steady with the May index of 50.7.
June 26, 2024
The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.
Financing, Insurance & Leasing
Steps for a Successful Construction Business in 2024
GB Financial Services, LLC
Adopting technology, finding ways to retain talent and shoring up finances are among the steps to help your business’ success.
June 26, 2024
When putting the cash flow plan together, investigate each cost line item to see if there are price adjustments to ask for now that inflation is slowing down.
Financing, Insurance & Leasing
Rich Czaplinski
June 25, 2024
Financing, Insurance & Leasing
For Construction Companies, Insuring a Business Vehicle Can Be Clear As Mud
Crest Capital
From coverage limits, circumstances, and pricing to questions like “How do I insure my partial use business vehicle?” there can be several notable differences from personal vehicle insurance.
June 24, 2024
Insurance should never be looked at as a pure expense – it is a necessary protection for both your business and personal life.
Excavators
Heavy Equipment Sticker Shock? What Can Contractors Do?
RDO Equipment Co.
This column offers advice about adjusting to higher sticker prices on most types of equipment.
June 20, 2024
Technicians evaluate equipment, giving contractors a full picture of their machine’s longevity.
Expert Columns
Small Business Outlook for the Construction Industry in 2024
Kapitus
Although 2024 presents uncertainty for small business owners, there is optimism for a soft landing that will allow for continued economic growth and strong employment without a material increase in inflation.
June 9, 2024
As interest rates decline in 2024, demand for contractors, home furnishings, and home improvement is expected to rebound.
Construction
Renting Construction Equipment is Good Move for 2024's Economy
RDO Equipment Co.
With high business costs in the construction industry, now might be the right time to rent equipment instead of buy.
May 27, 2024
When contractors feel the squeeze of increased fuel or labor costs, renting equipment provides peace of mind that the total funds invested at the project’s completion will be close to its initial bid.
Financing, Insurance & Leasing
Protecting Yourself Against Construction Heavy Equipment Liens
Compliance and Lien Solutions Inc.
Given the cyclical nature of construction, it's crucial to understand the legal aspects of liens and take necessary precautions.
May 24, 2024
One significant issue is that equipment liens stay with the machine regardless of who owns it.
Financing, Insurance & Leasing
4 Keys to Construction Financial Management in 2024
UHY
Whether it is coping with fluctuating materials costs or navigating multi-state compliance demands, the financial management workflow within the construction industry is one of the most hectic throughout the business world.
May 8, 2024
In the face of this economic uncertainty, construction businesses will undoubtedly face the urge to run out and hoard new projects as a way to insulate themselves against future economic downturns.
Construction Safety
Baltimore Bridge: Supporting Workers’ Families and Addressing Force Majeure Clauses
Authorities announced the discovery of the fifth body of a construction worker in the aftermath of the Baltimore bridge collapse. In light of this tragedy, experts emphasize the importance not only of safety, but for contractors to address force majeure.
May 3, 2024
A Maryland Natural Resources Police officer conducts an overflight assessment of the M/V Dali, a 948-foot Singapore-flagged container ship, and Francis Scott Key Bridge in the Patapsco River in Baltimore, Md.
Business
How Potential Tax Changes May Impact Your Construction Biz
GB Financial Services, LLC
Pending tax changes may put cash in your pocket.
April 30, 2024
Pending tax changes that will become law for 2023 and 2024 may give many contractors the opportunity to amend their 2023 tax returns and receive additional benefits that could reduce 2024 estimated tax payments.
Coaching & Consulting
The Cost of Quality in Construction
Pinnacle Development Group,Inc
The cost of quality is zeroed out when we do things right the first time.
April 27, 2024
Adobe Stock 134977900
Concrete Equipment & Products
Buying Used Concrete Equipment? Beware of Hidden Liens
Crest Capital
There's an uncommon-but-real issue that could crop up when buying any type of used equipment, and that’s buying equipment that unknowingly has a lien on it.
April 24, 2024
Reputable sellers, UCC searches, and ensuring all paperwork is accounted for are all good practices to follow.
Financing, Insurance & Leasing
Heather Riccabona
April 22, 2024
Heather Riccabona
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