ConstructConnect Blog

Costs are an integral part of the construction business: the industry spends money to make money. But despite some of its best efforts, considerable operating costs are making it more challenging to compete and, in some cases, undermine the quality and value of the projects delivered to clients. Coupled with this are the mounting administration costs, salaries, rent, and others that send the red marker of some companies into overdrive. An obvious solution is to reduce these operating costs to remain profitable and competitive.

When it comes to construction management, it starts with an understanding of the project design, construction planning, execution process, along with the effective use of resources. Considering the definition of Project Management Institute, construction project management is defined as the coordination between human and material resources that helps to achieve the defined construction goals while driving the goals related to cost, time, scope, and quality.

While the construction industry has weathered the coronavirus (COVID-19) pandemic better than others like retail and hospitality, it hasn’t been all kittens and rainbows either. From February through April, the construction industry lost over a million jobs. To put that in perspective, during the Great Recession the industry lost about 2.3 million jobs. Through June, the industry has managed to gain back over 600,000 jobs.

The construction industry is one of the few left in the world where you can start your career as a laborer and advance through various levels similar to the metaphorical corporate ladder in white-collar jobs. While it's impossible to do this entirely on your own merit, obtaining construction certifications can make those promotions easier to achieve. Here is a list of certifications you might consider if you want to level up your career potential:

The introduction of technology into the construction industry has paved way for automated time tracking solutions. However, these time tracking solutions are no longer restricted to their traditional purpose, i.e., calculating work hours and managing payrolls.

The construction industry has always been important because of its fundamental role in building society as we know it. However, the industry is facing some critical issues that will be crucial for its future development. Here are some of the most essential issues impacting the commercial construction industry.

With the spread of COVID-19, the construction industry has gone through drastic situations with the continuous loss of business and the suspension of projects. Considering these difficult times, the construction authorities and the government have imposed strict control regulations even for the construction declared essential.

Money talks. Cash is king. Bill early and often, and collect all billings. For most business owners, these are more than simple catch phrases. They are the rules of business that spell the difference between success and failure. And perhaps nowhere is that truer than in the construction industry.

The construction industry can be volatile and unpredictable at the best of times. With the coronavirus pandemic sweeping the globe, construction work is taking a hard hit. Projects are getting delayed and even canceled as regions open and close to try to slow the virus's spread.

Subcontractors fill various niches in the construction industry, bringing their specialized skills whenever and wherever they're needed to complete a project. As with most things, it's important to be careful before choosing a subcontractor for any particular job. What do business owners and project managers need to know to properly vet their new subcontractors before signing on the dotted line? Here are a few tips.