ConstructConnect Blog

Healthcare facilities are some of the most complex and heavily regulated of any building type. The broad span of spaces inside these buildings encompasses everything from patient rooms to emergency facilities, laboratories to cafeterias to offices, and more.

Whether your construction company has one estimator or a team of estimators, easily and efficiently managing your bid pipeline is key to identifying the right opportunities to bid and winning more contracts to build a healthy backlog to grow or maintain your business.

When it comes to the construction business, the only thing that defines success is the quality of relationships. Either it is the relationships with the customers or the suppliers, it is the key to business continuity that defines the growth model.

Not that long ago, general contractors who weren't using a subcontractor prequalification process were taking a huge risk. We were in the midst of the Great Recession and good contracting opportunities were becoming harder and harder to find. This led to more firms, both general contractors and subcontractors, bidding on projects they weren't equipped to handle. General contractors were focused more on getting the lowest bid from subcontractors rather than making sure they were capable of adequately performing the work.

When it comes to construction project management, project managers often need to deal with unexpected challenges. Though technology has come a long way in improving the process of workflow management and business efficiency, the only thing that defines success is identifying the right set of tools.

Many construction companies operate on razor thin margins and most are definitely not strangers to cash flow issues. Compound those with a crisis and things can get rocky fast. However, dealing with financial hardships and challenging stretches in business life have given contractors and other construction business owners the skills and steadfastness to withstand difficult times.

When interviewing and hiring new employees for your do you consider how the candidate will impact your construction company’s reputation? Your employees are the face of your company. Your company’s reputation is a direct reflection of the quality of the work they do and their professionalism on the jobsite. They can either help you build and maintain a strong reputation for your business or demolish it.

It is no news that the global economy has been a bit shaky for years now, then the pandemic struck and everything went spiraling downward. Statistics show that unemployment was at 14.7% in April 2020, the highest rate in America since the Great Depression, and gross domestic product fell by 4.8%.

When it comes to construction, it is extremely important to have control over finances. Though it is one of those industries that have shown significant growth during the last two decades, construction firms are expected to face maximum loss on profit margin due to improper project control.

It’s Bid Day and do you know how accurate your numbers are? Construction industry insider George Hedley estimates 80% of construction owners don’t know the true cost of doing business. Even if you have a backlog of work, bidding more does not always translate into winning the right projects—especially if you’re using bad numbers.