November 2017
Keep track of your company's numbers
Many construction business owners don’t know how much money they make, or what it takes to break even and hit annual goals. You cannot rely on someone else to care about your finances more than you do. Often, owners don’t like to be bothered with the numbers. So, they pass off financial matters to...
How Musselman & Hall used telematics data to confront liability concerns
The modern jobsite is rapidly changing. From remote-controlled machinery to augmented and virtual reality, construction business owners are leveraging technology in new ways to increase efficiency, reduce costs and make smarter decisions. These new capabilities make the jobsite safer, which...
Choose the right bucket to increase productivity & meet daily goals
Awheel loader’s bucket is typically its biggest revenue generator. But, with many types to choose from, how do you know what type of bucket is best suited for your application? Before performing tasks like loading, carrying and stockpiling, evaluate the bucket weight, capacity and expected material...
Marketing Mishaps
Mark Lempko Mark Lempko Senior Vice President – Northeast...
4 alternatives for securing against construction project professional liability
No matter whether it is designed to protect owners, architects, engineers or general contractors, the securing of project professional liability coverage can be complicated. Professional liability exposure exists for the construction period plus the applicable Statute of Repose, often meaning a...
What’s inside your tires & why it matters to your operation
Tires are often overlooked, but they are essential to the successful operation of many construction vehicles. They are incredibly sophisticated, highly engineered products that derive much of their performance power from two elements: compounding and tread design. Compounding Seemingly...
Exploring the concept of professional services
In today’s construction environment, contractors are increasingly required to engage in alternative delivery methods, such as design/build and public-private partnerships, in order to stay competitive, innovative and client-serving. However, such delivery methods have blurred the line that used...
How to effectively communicate your company’s safety program to employees
Making sure employees know their safety requirements is critical not just for the success of the business, but also for the safety of employees and the environment. If every person in an organization was fully engaged and committed to creating a safe environment, the number of safety incidents and...
Learning from your client’s success to help your business
Businesses of all makes and models are upping their game when it comes to making data-driven decisions. However, many contractors still whiff when it comes to making the right decisions about their customers. They may study their habits with the eloquence of a premier pitcher examining a lineup,...
How to determine your equipment costs
Analyzing vehicle and equipment costs often gets swept under the rug. However, tracking asset costs can help companies optimize maintenance costs, prevent underutilization, dispose of equipment at the right time and more. The True Cost of an Asset First, it is important to understand what...
Take a closer look at 3 tax incentives to help reduce liability
Tax planning is imperative if your business has new or planned construction projects for the next year. Successful tax planning requires a keen interest in the details of your business, as well as a proactive approach to available federal and state tax incentives. Fortunately, construction firms...