February 2019
How to shatter silos & boost operational efficiencies
It’s no secret that growing businesses—in every vertical—often struggle with fragmentation (or the silo effect), which, as defined by BusinessDictionary, is a mindset present when certain departments or sectors do not wish to share information with others in the same company. The construction...
The new view of overall machine health
What if you could predict equipment breakdowns before your machine showed any signs of distress? What if you could extend the life of your assets, increase their utilization and reduce machine downtime? Good news: By using a cloud-connected telematics platform, you can. Telematics hardware...
3 simple steps to set your company apart from the competition
Everyone thinks the hard work in construction is in the actual building. But in fact, that’s the fun part—it’s what you signed up for when you first got involved in this industry.  The real grind happens before a single shovel ever hits the dirt: the construction-bid-proposal process, in...
Taking ownership of the performance obligations set forth in your contracts
Construction is a simple business model. Someone wants something built; someone else knows how to build it; and the two agree on a value of the built project. The end. Right? It should be that simple, but there are mitigating circumstances that cause the need for clarity for both parties on a...
The ongoing impact of the Tax Cuts & Jobs Act
Many construction contractors may not be aware of significant changes that could impact their tax and financial planning—some negative, but mostly very positive—provided under the Tax Cuts and Jobs Act (TCJA). For example, with regards to Domestic Production Activities Deduction (DPAD), under the...
Finding the leadership sweet spot between too much instruction & not enough
Instruction manuals: For some, they bring great solace. For others, they bring great anxiety. Whether you are feverishly comparing bolt sizes and the woefully minuscule Allen wrench or simply scrutinizing the location of said bolts inside improperly labeled holes, instruction manuals should provide...
Kaufman Lynn Construction's path to becoming one of South Florida's largest contractors
In a challenging era of labor shortages and high construction demand, many contractors struggle (understandably) with substantial backlogs of work and an inability to service as many building projects as they might like. While increasing automation in the back office and the future promise of it...
AIA Architectural Billings Index, Annual Value Update & more
The Construction Business Owner team compiles statistics each month from several sources, including the American Institute of Architects (AIA) and the United States Census Bureau, to give you a better understanding of the current state of affairs for the construction industry. The statistics...
When good leaders mentor, good companies grow
It has been said that a person’s professional life can be divided into three distinct stages: The learning stage—The early part of a career when everything is new The earning stage—When the focus is placed on making money The returning stage—When giving back to team members and the...
New study points out danger points & how to protect against them
To what degree are you taking advantage of best practices to improve safety on your jobsites? Dodge Data & Analytics recently conducted a study for CPWR – The Center for Construction Research and Planning in which contractors were asked this same question about a series of very specific...
Ramboland: the regenerative-living laboratory that’s aimed at changing the world
"Imagine if we could spend half as many tax dollars per citizen with special needs but be radically more effective in supporting their well-being and happiness, as well as the health of our cities. This project points the way.” These are the words that greet visitors on the official Ramboland...