Closing the deal relies on more than getting the job done
The homebuilding sector is looking healthy as 2018 edges on with over a million new housing permits authorized in June. It hardly needs saying that the competition for contracts is as rigorous as ever.
Construction contracts can be as dangerous as the work they’re defining
Assuming a momentary lapse in ethics and etiquette, you could presumably march into the kitchen of your favorite restaurant and attempt to whip up your favorite dish.
How to prevent fraud in your construction business
Unfortunately, fraud is common in the construction industry. As an owner or manager, you must always be vigilant with employees as well as vendors, contractors, and sub-contractors to avoid falling victim.
The Tax Cuts and Jobs Act passed on December 20 of last year was the first major tax reform bill to be passed since 1968. Many provisions have an impact if you’re in the construction industry.
Don’t leave anything on the table.
Cultural fit is important, but always adhering to the process can push your organization into the clone-zone. Different views are crucial fuels for your innovation engine.
Hiring for cultural fit is the current Holy Grail across the entire spectrum of industries – including construction.
6 housing trends that will shape the future.
As a homebuilder or developer, it is essential that you are aware of housing trends and market predictions for the future. Understanding the forces that will shape the housing market can help you develop a strategy to take advantage of these trends.
The right team builds the success of any construction company.
That means finding and hiring experienced, skilled team members who share your vision, from managers and craft workers to office and support staff. The competition to hire the best talent is fiercer than ever, especially as the appeal of construction jobs has diminished over the last few decades.
Reducing construction costs should never be about cutting corners.
Estimating the average cost of a construction project is as hard to predict as the build itself. For home building alone, the national average is $286, 546, reaching over $400,000 in a typical range.
The housing metamorphosis is just getting started. It’s going to change faster and more dramatically over the next few decades as we jettison outmoded concepts of where we want to live, and who we want to live with.
Pick your generation: boomer, X, Millennial, or any other one.
8 tips for growing your construction business
Building or expanding any business is a challenge. The business of construction business comes with its own unique challenges and opportunities. The US Census reports that the United States has the second largest construction market worldwide, with annual revenue of $1.731 trillion.