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Section: Business > Business Services > Financing, Insurance & Leasing
Business Services
Economic Indicator Highest Since February 2023
Institute for Supply Management (ISM)
The Services PMI, which includes the construction industry, registered 54.9 percent, which is the highest reading since February 2023 and indicates sector expansion for the 49th time in 52 months.
October 3, 2024
Ism Pmi 1024
Financing, Insurance & Leasing
How ESOPs Can Enhance Stability, Engagement in the Construction Industry
GB Financial Services, LLC
Employee stock ownership plans (ESOPs) represent more than just a financial transaction, they embody a strategic approach to securing the future of construction firms while empowering their workforce.
September 20, 2024
Navigating the regulatory landscape and industry-specific challenges is essential for successfully implementing ESOPs in the construction industry.
Financing, Insurance & Leasing
Fed Reserve Interest Rate Cute Impact on Construction and Manufacturing
How the latest interest rate cut could impact the construction industry and manufacturers.
September 18, 2024
Chair Jerome Powell answers reporters' questions at the Federal Open Market Committee press conference on Sept. 18, 2024.
Financing, Insurance & Leasing
Kohler Energy Rebrands as Rehlko
Rehlko (formerly Kohler Company)
The company became a stand-alone entity in May 2024 when Platinum Equity completed a transaction with Kohler Company to establish then-Kohler Energy as a stand-alone business.
September 17, 2024
Rehlko Banner Square
Financing, Insurance & Leasing
3 Tips to Improve Construction Cash Flow
Intuit QuickBooks
To overcome the challenges unique to this industry, construction and contracting business owners need well-established accounting practices, up-to-date balance sheets, and digital tools to support strong financial management.
September 13, 2024
Strong financial management and accounting are vital to every construction business, especially given the industry’s thin profit margins and unpredictable job conditions.
Construction Safety Technology
Why Your Contractor Safety Evaluation Process is All Wrong
Highwire
A comprehensive contractor evaluation process requires gathering the right data that provides an understanding of past performance but also creates a predictive view of safety risk.
September 12, 2024
Evaluating the standard incident and risk statistics involves retrieving data from many sources and cross-referencing figures.
Financing, Insurance & Leasing
How Transportation Fleets Have Evolved To Embrace Digital Contracts
Fleet Advantage
The next phase of contracting digital transformation will involve leveraging advanced workflow processes such as e-contracting, multi-channel origination, digital certainty, auditing, document governance, security and more.
September 9, 2024
Centralized data management will allow transportation fleets and their finance professionals to access and analyze metadata across various origination channels and asset classes.
Coaching & Consulting
Why You Should Think About Technology & AI Today
GB Financial Services, LLC
Prepare now and begin implementation to prevent falling behind the competition.
August 28, 2024
Summit Art Creations, AdobeStock
Training & Education
Unveiling the Inaugural NEWH Structures of Hospitality Excellence (SOHE) Award
NEWH, Inc.
NEWH has announced hotel construction awards.
August 26, 2024
Honorees will be selected based on their contributions to the creation of significant and outstanding hospitality renovations and new-build structures worldwide
Machine Grade Control, GPS, Laser & Other
5 Lessons to Follow for Efficiency During Changing Demand
RDO Equipment Co.
Contractors can complete more jobs in fewer production hours, equaling less fuel, equipment and labor costs.
August 23, 2024
The operator uses an excavator with grade control to complete delicate earthmoving work at the San Dieguito Lagoon project.
Business
Dodge Mid-Year Report Predicts Positive Numbers for Construction
Dodge Construction Network
Despite considerable risks facing this year’s economy, construction starts are expected to increase at a 10 percent pace in 2024, reaching $1.2 trillion.
August 22, 2024
Adobe Stock 320363200 Blueiz60
Construction Safety
Strict Safety Rules on Jobsites Reduce Liability Risks
Gallagher Bassett North America
The skilled labor shortage impacts the industry’s ability to conduct business safely, as a the pipeline of complex projects continues to grow.
August 13, 2024
Any injuries incurred while on the job can remove a worker from the project and often result in workers’ compensation costs.
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
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.
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