ConstructConnect Blog

There are nearly 10,000 sports complexes in the United States and together, they earned $1 billion in 2019. Over 33,000 people are employed in the running and upkeep of these sports complexes.

Networking is all about making new connections and building longstanding relationships. In the commercial construction industry being able to effectively network is a vital skill that as an individual could land you your next job or put your company on the path to your next big project.

“Change is inevitable,” as the old saying goes. On construction projects, a more appropriate statement might be that “change orders are inevitable.” If the mere thought of a change order makes you cringe, it may be time to take a look at tweaking your change order process.

Keeping your construction projects on schedule to meet your completion deadline is no easy task. Adverse weather, costly rework, unavailable resources, and subcontractor default are just a few of the things that can throw your timeline off course. Damages and penalties for not hitting your deadline can ruin your profit and hurt your construction company’s reputation.

As a contractor, when was the last time you reviewed the substantial completion terms in one of your contracts? Sure, you probably know the date set in the contract for work to substantially complete, barring any authorized extensions from justified delays, because that means it’s time to get paid the remainder of the contract amount along with any retainage that was withheld along the way.

All in all, 2021 was an okay year for the commercial construction industry. Overall construction spending was up, with residential construction put-in-place seeing an increase but nonresidential experiencing its second year of decline.

From building materials to tools to heavy equipment, construction site theft is an industry-wide epidemic. In addition to the direct costs of replacing the stolen goods, there is also the indirect cost due to increased insurance premiums, rental costs to replace stolen equipment, and lost productivity.

Cash flow is the lifeblood of any commercial construction project. Being able to effectively manage cash flows on projects and throughout the year can be the difference between the success and failure of your business.

Circular economy solutions aim at establishing a sustainable model of production and consumption by optimizing resources and reducing and recovering waste (giving it a second life as a new product). Thus, by adopting these solutions, businesses can extend product lifecycles, reuse waste, and ensure a more sustainable production model.

Construction process management is a crucial step for executing a project. It is the very basis on which a sound foundation is laid by project managers as they learn the ropes to navigate complex construction landscapes. For this, a project manager has to acquire a number of skills and gain competencies to handle complex projects and work with numerous teams.