Managing the efforts of a large team of people is often regarded as one of the most demanding skills in business. Managing different employees performing diverse job roles in a collaborative environment often takes a toll on project managers or supervisors, especially if they are fighting against antiquated systems. This is a general observation across industries, […]
The global construction industry is expected to be worth over by 2023. After the slowdowns and hiccups created by the COVID-19 pandemic, the sector is seeing widespread growth irrespective of region. With the projected growth volumes, businesses in the sector are on a record hiring spree. Around 7.5 million, or nearly 4.8% of the US population, is […]
Just last month, the U.S. Department of Labor’s Wage and Hour Division (WHD) found a New Jersey electrical subcontractor in violation of the Davis-Bacon and Related Acts on a federally funded project and recovered $799,479 in back wages. This month, a Miami electrical and engineer contractor also violated the Davis-Bacon and Related Acts, owing $37,411 […]
The data in construction projects is complex and expansive. It must be correct, consistent, and timely as it flows across multiple participants, teams, stakeholders, and departments. As construction projects get more fragmented and complex, the the need for appropriate document management capabilities emerges to enable greater productivity, traceability, and better information management. Documents like invoices, […]
Technology has disrupted every industry, unlocking unforeseen potential, even in unexpected ways. Construction is seeing changes as well. For instance, a big percentage of modern construction is now modular – parts of a building are constructed in “modules”, off-site in a controlled environment, and are assembled on-site to create the building. 3D printing in construction […]
Establishing a new building – either residential or commercial is not a small task. Since there are so many aspects of a construction project, be it design, exteriors, interiors, electrical fitting, or plumbing, it requires some legally-binding agreement. All the terms related to a construction project should be included in it so that the involved […]
Handling a construction project is a tough nut to crack. Many people think of these jobs to be governed by only two parties – the client who wants to hire professionals for a project and those who can be seen working on a construction site. However, in reality, there are several stakeholders involved, be it […]
“Perfection has to do with the end product, but excellence has to do with the process.” – Jerry Moran This famous quote is quite indirectly related to the global construction industry. What is visible to the eyes is the increasing number of high-rise buildings and skyscrapers. In terms of market size statistics, the global construction […]
It is quite common for employers to wax eloquent about perks, benefits, and facilities that are on offer for their employees. While respecting these privileges, the core element that makes employees loyal to any business is their salary. That’s an essential truth. What really encourages loyalty from employees is how well employers are able to […]
The construction industry was responsible for employing about seven million people in the US in 2020. However, labor shortages and increased project costs are challenging the status quo. As per the US Bureau of Labor Statistics, more than 400,000 positions on construction projects were unfilled as of October 2021. And amid a national shortage of specialized labor, contractors also […]
