Sat.Mar 19, 2022 - Fri.Mar 25, 2022

article thumbnail

Virginia’s El Koubi Accepts 2021 State of the Year—Best Overall Business Climate Award

Business Facilities

Business Facilities magazine recognized the Commonwealth of Virginia for its commitment to building a strong business environment in 2021.

133
133
article thumbnail

30+ New Updates for Autodesk Build

Autodesk Construction Cloud

What’s new with Autodesk Build ? This month, we’re thrilled to show you over 30 new releases for our project management, cost , and field collaboration solution. Dig in below to learn how our new product releases and enhancements provide more flexibility and options to help you build better. . Jump to releases by type: . Highlighted Release. Bridge.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Solutions To Reduce Debtor Days For Construction Business Owners

Contractor Bookkeeping

Steady, reliable cash flow is crucial for the survival of your construction business – so taking steps to ensure your customers pay promptly is a key priority. Debtor days refer to the length of time it takes clients, on average, to pay you for the work you've done. A higher number of debtor days means clients take longer to pay you. A lower number of debtor days means clients take less time to pay you, which means there's more cash available for your business to use.

94
article thumbnail

Nine Strategies for a Safer Construction Business

Jobsite with Procore

There is plenty of talk about safety in construction. While many safety efforts aim to reduce costs, people are also discussing the greater benefit of reducing pain and suffering.

article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Restoration contractors can spend a lot of time waiting for payment. Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging th

article thumbnail

100+ Construction Industry Statistics

Autodesk Construction Cloud

Equip Your 2022 Projects With the Right Construction Data and Stats for Success. Construction industry statistics and data are playing an increasingly important role in the building sector. From measuring bid-to-win ratio, to how much a project is over budget or schedule, and KPIs , the more numbers you can put behind your work, the better. Data not only allows for more visibility into the state of a particular project, but relevant industry statistics and facts can provide valuable information

More Trending

article thumbnail

Attracting Construction’s Top Talent Starts With Keeping Your Best Workers

Jobsite with Procore

In order to successfully attract and retain talent, some construction companies are transforming themselves into places where people not only want to work but also where they’ll actually want to stick around.

98
article thumbnail

Canada Lands Its First Large Scale Lithium-Ion Battery Production Plant

Business Facilities

In a joint venture, Stellantis and LG Energy Solution will invest $4.1B in Canada's first large scale, domestic, electric vehicle battery manufacturing facility in Windsor, Ontario.

95
article thumbnail

Building More Sustainably and Avoiding 9,000 Preconstruction Clashes on just One Project with Upgrade Estate

Autodesk Construction Cloud

How Upgrade Estate uses Autodesk Construction Cloud to build more sustainably avoiding 9,000 preconstruction clashes on just one project. Upgrade Estate provides housing for students, young professionals, and growth companies in Belgium. They strive to increase social impact in a value-driven context through an economically sustainable model. While real estate forms the backdrop, Upgrade Estate provides the setting where people connect, study, live and build a network for life.

article thumbnail

Complete Guide on Wall Putty with Advantages and Disadvantages of Wall Putty

Learn Civil Engineering

What is wall putty Wall putty is a white cement substance that is mainly used to even out the wall surface and make a leveled surface for further coats of paints. Putty helps to feel small cracks, holes, and remove some kind of undulation of walls. In the long process of painting, putty is considered […].

article thumbnail

Stay Ahead in 2024 with Proven Strategies for Success

The specialty contractor space is facing a transformative period, driven by labor shortages, rapid technological advancements, and increasing regulatory requirements. In 2024, contractors must navigate complex challenges like fragmented management systems and delays in payment. This guide offers a deep dive into the key disruptions reshaping the industry over the next 24 months, including digitization, sustainable practices, and modular construction.

article thumbnail

4 Key Ways to Innovate and Add Value to Your Construction Business

Jobsite with Procore

Whether it’s value for employees, value for clients, or value for partners, any fresh idea or innovative concept is only as good as the value it delivers. Here are four business aspects with special meaning for construction companies.

98
article thumbnail

3 Reasons Your Toilet Keeps Clogging

Construction Marketing

A toilet that keeps clogging can not only be annoying but also a major sign of a serious plumbing problem. Knowing what’s causing the blockage is the first step to fixing the problem. While you can easily fix some of the issues that cause your toilet to clog with a change of habits or DIY troubleshooting, some may require the services of a plumbing company.

article thumbnail

45+ of the Latest and Greatest Updates for Autodesk Construction Cloud 

Autodesk Construction Cloud

At Autodesk, we’re more than a technology provider. We’re a partner to our customers. That’s why our product teams are always looking for new ways to help our customers build faster, safer, and more cost-effectively. . This month, we’re thrilled to showcase nearly 50 new releases for Autodesk Construction Cloud products. From new ways to share data to enhancements for cost management, we’ve highlighted all the new releases and updates you need to know about here. .

article thumbnail

GREEN Facilities Management and Procurement Practices

Job Order Contracting

Planning, construction, and renovation to create more resilient and environmentally compatible buildings minimize costs and save lives. Disasters caused $210 billion worth of damage around the world in 2020 – a significant increase on 2019’s figure of $166 billion. Rebuilding after a disaster has become prohibitively expensive. Via Four BT, LLC – www.4bt.us – Integrated planning, procurement, and project delivery solutions for the built environment.

article thumbnail

Every Contractor Needs An Effective Website - Unlock the Key to Increased Leads

Grow Leads & Visibility! Contractors need more than word-of-mouth. A strong website boosts visibility, draws in leads, showcases skills, and enhances your credibility. Learn how a quality site, that is easy to manage, can set you apart from the competition, and help can take your construction business to the next level. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry.

article thumbnail

The Last Word With Mark Williams, Strategic Development Group

Business Facilities

Even in the age of COVID-19, the process of selecting the right site for a business remains a crucial part of business activities across the country.

98
article thumbnail

Managing PFI contract expiry risks – updated IPA guidance

Practical Law Construction

On 28 February 2022, the Infrastructure and Projects Authority (IPA) published its latest guidance to contracting authorities (CAs) on preparing for PFI contract expiry. It provides practical guidance on managing expiry and service transition. We have previously written about the IPA’s earlier guidance and its PFI expiry health check report. The guidance is also relevant to private sector entities including investors, funders, asset managers and market suppliers.

article thumbnail

Autodesk and REDAS Sign MOU to Support Digitisation of Singapore’s Real Estate Supply Chain

Autodesk Construction Cloud

Digital transformation is a wave that has not only catalyzed business growth—it has helped companies remain buoyant during the COVID-19 pandemic. Unfortunately, as great a wave as digital transformation has been, its ripples have yet to wash upon the shores of the construction industry. According to the latest study by McKinsey Global Institute, construction remains one of the least digitized industries in the world, ranking just above the likes of agriculture.

article thumbnail

Understanding the Value a Locally Researched Detailed Construction Cost Database

Job Order Contracting

Understanding the value of a locally researched detailed construction cost database is important to any real property owner, architect, engineer, or builder. CREATION. A significant amount of time and experience is needed to develop a verifiable unit price cost database that reflected local market conditions and can be easily used and maintained. The process is complex and involves significant deep and breadth of knowledge and capability, including cost research, cost engineering, data archite

article thumbnail

The Ultimate Guide To Data-Driven Construction: Optimize Projects, Reduce Risks, & Boost Innovation

Speaker: Donna Laquidara-Carr, PhD, LEED AP, Industry Insights Research Director at Dodge Construction Network

In today’s construction market, owners, construction managers, and contractors must navigate increasing challenges, from cost management to project delays. Fortunately, digital tools now offer valuable insights to help mitigate these risks. However, the sheer volume of tools and the complexity of leveraging their data effectively can be daunting. That’s where data-driven construction comes in.

article thumbnail

Spotit Picks North Carolina State University For First U.S. Location

Business Facilities

Cybersecurity provider Spotit will create more than 100 jobs over the next five years on North Carolina State University’s Centennial Campus in Raleigh.

95
article thumbnail

Autodesk Goes Into the Wild With Latest Acquisition

ENR Construction

Purchase terms for The Wild, a technology firm with an immersive virtual/extended reality environment for industry professionals and a dedicated virtual meetings tool, were not disclosed.

83
article thumbnail

The Many Pathways to Achieving Net Zero

Autodesk Construction Cloud

As Australian state and territory governments mobilise to achieve net zero carbon emissions by 2050, so too is the infrastructure industry. . Achieving such a goal is by no means simple or linear; it requires a whole-of-business, systems-based approach across every asset lifecycle. In other words, the way forward demands new thinking, strategy and action from every organisation, team and individual.

article thumbnail

Area Cost Factors – Not a viable for Federal Construction Cost Estimating?

Job Order Contracting

Should Areas Cost Factors be used for Construction Cost Estimating? There are multiple False Assumptions associated with Area Cost Factors. As a result, more than 40 years after the introduction of area cost factors (ACFs), the federal government is no closer to its goals of having construction cost estimates match actual construction costs, or properly adjusting for regional (location based) variances.

article thumbnail

The Ultimate Checklist for Choosing the Right Construction Management Software

Managing construction projects in disparate systems and spreadsheets is difficult due to numerous moving parts and diverse stakeholder needs. A dynamic, intuitive software solution is essential for everyone involved—owners, designers, engineers, Construction Managers, and General Contractors. Companies need a secure, centralized system to manage documents, scheduling, financials, and more.

article thumbnail

Williams-Sonoma Will Create 2,400 Jobs In Arizona

Business Facilities

The home furnishings retailer plans to open a new 1.25-million-square-foot fulfillment and distribution center in The Cubes at Glendale.

article thumbnail

SEC Proposes Rule Requiring Public Firms to Report Climate Risks

ENR Construction

U.S. Securities and Exchange Commission proposal would seek standardized disclosures of climate-related risks and greenhouse gas emissions to investors for the first time.

81
article thumbnail

How To Properly Transport A Crane

Construction Marketing

Transporting heavy machinery, like a crate, is no walk in the park. It requires a ton of effort in order to avoid damage to the equipment. It’s also important to remember that a couple of industries around the globe depend on industrial moving companies to move large machinery from one place to another. Such loads can be too heavy and difficult to transport using the traditional methods.

Permits 62
article thumbnail

Carbon Modeling Tool – Facilities Lifecycle

Job Order Contracting

Carbon modeling tool for the facilities capital delivery process. Assess carbon over the whole life of constructed assets. Align carbon and costs. Develop carbon options. Capture data and monitor carbon targets. 40% reduction in construction carbon emissions. Components. The two components of the Carbon Planning Tool are: · Carbon Modelling Tool – top-down whole life carbon assessment and optioneering, used during the project appraisal phase to enable quick and simple carbon as

article thumbnail

Outdated ERP? Spot the Signs Before It Stalls Your Progress

Aging construction ERP systems can slow down productivity and put your business at risk. If you’re working with outdated software, you may be missing out on essential features and innovations like AI, AR, and enhanced reporting capabilities. This guide provides you with insights regarding when you need to upgrade and outlines what to look for in a new construction ERP system.

article thumbnail

Business Facilities Selects Myrtle Beach, SC To Host 2023 LiveXchange Event

Business Facilities

Business Facilities LiveXchange, the annual deal-making event for site selectors and economic developers, will take place April 24-26, 2023.

article thumbnail

Building Owners Know Your Asbestos & Lead Survey Requirements

Wolgast Corporation

When do existing environmental hazards effect building ownership most? When your building was built prior to 1980 and you have people working, cleaning or providing maintenance within the building. When you plan to remodel or put on an addition to a building of any age. When you buy or sell the building. For a building owner, sometimes the best deal is a building constructed before 1980 that can be remodeled for your use.

article thumbnail

Construction Economics for March 28, 2022

ENR Construction

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics.

74
article thumbnail

Elevator Pit Waterproofing with Crystalline Technology

cnstrctr

Understand what crystalline Waterproofing is and it’s application in construction.

78
article thumbnail

The Art of Contingency Planning: Dealing with Unforeseen Costs

Contingency planning is a strategic plan to allocate resources, time, and money if “all hell breaks loose” on a project. It considers risk mitigation and planning for a worst-case scenario.  Contingency planning in construction is necessary. You're expected to throw in a percentage to cover a contingency plan in your estimates but is it enough? There is an art to this type of planning and, if project leaders aren’t careful, a contingency plan could cost the company a lot more than lapsed deadlin