Financial Management

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May
26

Mass Timber on the Rise: Opportunities for General Contractors

The Mass Timber Construction Manual will give construction professionals the information needed to plan, organize, manage and construct mass timber buildings safely and efficiently. It is intended to provide best practices related to bidding, planning, erection/assembly and finish considerations for contractors, tradespeople, installers and subcontractors involved in mass timber projects. This content will be useful […]

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May
12

Four Factors Affecting Your Profits in 2021 – Asset Management Tips to Adopt

If 2020 taught us anything, it’s the importance of preparing for the unexpected and developing the agility to quickly adapt plans. Construction finance leaders and project managers are having to evolve their roles to be more proactive in data analysis and drive strategic planning as the industry continues to recover. As the business world moves […]

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Apr
28

Breaking Down Barriers to Unlock Profitable Growth

As a highly competitive sector, the construction industry is constantly under pressure to increase the pace of digitalization, with many restricting their growth due to manual processes and lack of visibility into their deals. To accelerate this digital transformation, first they must look at barriers and use them to leverage a new way of working for continuous success in the years to come.

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Apr
14

Transforming Cost Management: The Next Wave of Construction’s Digital Evolution

The second wave of construction’s digital transformation is here and advancing cost management is at the forefront. Explore how real-time financial tools can improve your bottom line and redefine what’s possible for construction cost management. Over the last two decades, construction’s digital transformation has focused on digitizing drawing and documentation management, while largely ignoring cost […]

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Mar
31

Construction Executive’s 2021 Q1 Construction Economic Update and Forecast

Anirban Basu and the Chamber of Data Anirban Basu, chief economist for Associated Builders and Contractors, will demystify the ever-changing economic landscape and provide an update following the 2021 construction industry forecast in December. Basu will share the latest statistics, unemployment and labor figures, in addition to his exclusive (and always entertaining) economic outlook. During […]

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Dec
16

Construction Executive’s 2021 Construction Economic Forecast

Back to the Future: Industry Hopes for a Return to Normalcy This presentation, themed as a tribute to 1980s movies, will focus upon the state of the economy nine months into the COVID-19-induced economic crisis.  Special attention will be given to real estate and construction dynamics, labor market performance, state and local government finances, financial market […]

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Dec
09

Improve Productivity and Reduce Downtime With a Digital Asset Management System

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 […]

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Nov
18

Developing Business Strategies to Help Contractors During Difficult Times

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 […]

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Jun
17

Five Tips to Protect Your Construction Business Against Financial Fraud

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. […]

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Dec
18

2020 Construction Economic Forecast

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.

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