Measuring performance is challenging in the construction industry because each project is unique—taking into account the design, schedule, site and team—and the process is continually impacted by dynamic factors—including labor, materials, changes and weather. As a result, many traditional key performance indicators (KPIs) are based on information that is already out of date when it […]
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 […]
$280 billion of rework was caused by poor project data and miscommunication globally in 2018. Contractors are seeing that digital workforce management and mobile resource management (MRM) are the tools they need for connection in this moment and the future. This webinar will feature innovative contractors who have successfully digitized their workforce management procedures and […]
The fourth industrial revolution is well under way. Characterized by advancements in automation, digital technologies and predictive analytics, organizations across a wide-spectrum of industries will face and must embrace change as the new reality. From planning to performance, the active ingredient to making needed transitions at an operational or individual level involves context—a clear connection […]
The construction industry is often a laggard when it comes to adopting the newest technologies. But even firms that adapt can fail to make the most out of their investment. Often, adopting new technologies can lead to siloed data, duplicate entries and tech support nightmares. Using a common data environment can facilitate integrations and smooth over movement of data across […]
As contractors continue to navigate uncertainty, establishing a comprehensive long-term business success plan has never been more important. Through decades of supporting the construction industry, we’ve identified best practices for leveraging key principles to realize steady, predictable business growth. In this webinar, we will cover how contractors can focus on what will have the greatest […]
It’s safe to say that construction is in the prime of its digital revolution. Many contractors have adopted cloud software, as well as other technology, but many are still seeking out the best way to standardize processes so that they can reap the full benefits of their investments—specifically in regards to QA/QC management. When implementing […]
While not the most glamorous phase of construction, commissioning and handover plays an important role in building a foundational relationship of trust between a general contractor and their client. A recent report published by FMI examines how levels of trust directly impact project outcomes and financial performance. One of the report’s findings states that “firms […]
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. […]
The COVID-19 pandemic has rocked a nearly invincible economy—one associated with substantial job growth, multi-decade lows in unemployment, sturdy compensation increases, robust retail sales, low inflation and strong financial market performance—and it continues to wreak havoc on business as usual. CE invites you to join Anirban Basu, chief economist for both ABC and CFMA, as […]
