Tag: construction companies

November 20, 2023

As a forum where risk and insurance is discussed in much, if not all, of its infinite complexity—project-specific designer liability, workers compensation loss ratios, claims documentation—the International Risk Management Institute’s Construction Risk Conference can fill your head with information, ideas […]

August 14, 2023

Right-leaning legal and policy foundations are backing new lawsuits that challenge racial preferences in public works contracting—hoping one will end up before the U.S. Supreme Court’s conservative majority and that justices will sharply limit or even terminate the programs. The […]

March 15, 2023

Recently, I was asked for my thoughts on the safety challenges the U.S. engineering and construction industry is facing in 2023. To get a broader view, I put the question to the CEOs of 11 different construction companies. While each […]

February 28, 2023

President Joe Biden signed the IIJA in November 2021, and despite excitement about the five-year, $1.2 trillion law, construction companies said late last year they haven’t yet seen much benefit. That’s starting to change as the money makes its way […]

February 27, 2023

After months analyzing OSHA’s safety data, Construction Dive’s findings are discouraging: The death rate for U.S. construction workers has flatlined for at least a decade. Injury rates from the four most common hazards also haven’t declined. And OSHA’s program for […]

November 28, 2022

In the construction world, money talks but moves slowly. The average day’s sales outstanding (DSO) for the construction industry is 51 days, among the worst of any sector in the nation. While this issue has plagued the industry for decades, […]

October 24, 2022

When the COVID-19 pandemic began to shut down businesses across the U.S., significantly impacting the economy, the federal government intervened by authorizing billions in economic stimulus through the Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC) program. The […]

October 13, 2022

From the first traces of a sketch to the ribbon cutting at the official inauguration, a building and its construction process goes through numerous steps. From understanding client demands, complying to local regulations, staying within budget, getting the necessary approvals […]

October 7, 2022

The lawsuit is at least the fourth discrimination complaint EEOC has lodged against construction companies in recent weeks. Previously, EEOC filed against California-based contractor Goodsell/Wilkins and Florida contractors Alto Construction and J.A. Croson. The suit against Schuff alleges the hostile […]

September 16, 2022

Running a successful construction company isn’t easy. The industry is full of risks can challenges that can lead to failure. According to data from the Bureau of Labor Statistics, of the 69,296 private construction firms that started operation in 2001, […]

August 16, 2022

Preserve cash, build backlog and target federal contracts in case a recession sinks the U.S. economy. That’s the winning game plan for construction pros during these uncertain economic times, sources told Construction Dive. Whether a recession is here now or […]

April 22, 2022

The country’s major construction companies have been busy over the past six months with new contracts for projects. These big-ticket contracts and large-scale infrastructure projects include work for NASA, the Navy and the Department of Energy. Here, Construction Dive takes […]

November 8, 2021

As the fourth quarter is in full swing and the end of the year quickly approaches, it is traditionally the time for business owners to meet with their advisors and discuss year-end tax planning. This year, those conversations will be […]

September 20, 2021

Since President Joe Biden issued plans to mandate vaccines in some workplaces earlier this month, a number of construction companies are encouraging their employees to get vaccinated and are trying to figure out what the new rules mean for their […]

September 23, 2020

Not only are we in the midst of difficult times, but we also have to account for the inevitability of a major recession, and that the economy is only going to get worse before it gets better. So, how does […]

September 21, 2020

The company joins an increasingly crowded field of technology firms trying to solve the seemingly simple yet intractable challenge of connecting tradespeople looking for work with construction companies who are hiring. In July, California-based construction project management software provider Procore […]

March 29, 2019

Most construction companies are struggling to get paid on time. According to a recent survey of construction company owners, 1 in 5 respondents say that cash flow is a problem they have to face at a constant basis. Only 13% […]

January 30, 2019

The fourth quarter of 2018 saw the Occupational Safety and Health Administration propose hefty penalties for several construction companies. In fact, the agency fined just one contractor alone more than $420,000. However, all of those contractors are relatively lucky they […]

October 25, 2018

An upturn in home-buying and commercial development is a boon for the construction industry, but the pressure to grow can squeeze construction companies grappling with cash flow, expenses and expansion. In April, privately-owned housing starts jumped 12.4%, to an annualized […]

July 24, 2018

Delegated design comes into play in construction when a general contractor or subcontractor assumes responsibility for some aspect of a project’s design. This can occur with any project delivery type, and adds a new layer of responsibility — and potential […]