Construction workers spend approximately 30% of their time waiting instead of working due to unavailable equipment, delayed deliveries and workflow variations, which delay precursor steps. To mitigate these challenges, construction firms typically conduct daily job box inventory checks and manually record tool information with handwritten notes, whiteboards and spreadsheets. Besides the errors and inefficiencies that […]
For most of us, 2020 did not go according to plan. Contractors have been tasked with finding new ways to run their businesses, putting finance teams at the center of this “new normal.” There are key data points that your business should focus on to not only monitor for market conditions, but also to gain […]
According to the 2019 AFP Payments Fraud and Control Survey, 82% of organizations reported fraud incidents in 2018, and 43% experienced direct financial loss as a result. The construction industry isn’t exempt—56% of fraud cases are directly related to billing and check/payment, and the median loss reached approximately $250,000 in more than 40 fraud cases. […]
This presentation supplies detailed discussions regarding, global, national and regional economic performance using the most current data available. Special attention is devoted to certain aspects of economic life, including the performance of the financial, labor, real estate and construction markets.
Updating field technology comes with a unique set of challenges compared to implementing new office systems. Learn from industry experts who have perfected how to maximize the impact of their field technology investments.
From preconstruction to closeout, and everything in between, hear how automating the collection and handover of critical project documents can transform your processes, create greater efficiencies for your teams and projects, and ultimately, bring peace of mind at the end of the day.
Momentum Will Persist For Several More Quarters, Contractors Should Stay Vigilant as Longer-term Inflationary Pressures Build Be the first to find out what economic trends will directly affect your bottom line in commercial and industrial construction next year. On Dec. 12, Construction Executive’s 2019 Construction Economic Forecast will be presented by Anirban Basu, the chief […]
As contractors continue to embrace technology, and the amount they spend on it increases, the question of how to properly allocate the cost of that technology has become much more prevalent.
Client relationship management (CRM) tools are being adopted at a record pace in construction. In this competitive market, firms using manual and outdated ways to manage relationships are at risk of being a commodity.
This presentation will address important questions regarding the selection and usage of a CRM in construction, along with ROI points you may have never considered.
Technology is changing the way we do business, and the way your bills are received and paid is no exception. Automating this process saves your company significant time and cuts costs by 60 percent or more—not to mention how convenient it is for employees who are constantly in the field. Join us for this interactive […]