7 Strategies To Navigate Construction Labor Shortage
If you find it challenging to hire skilled workers and fill vacancies on your construction jobs or service sites, you’re not alone. The construction industry is facing a labor shortage and is projected to hire an additional 342,000 new workers on top of the typical hiring in 2024 to meet labor demands, as per the Associated […]
Top Construction Industry Trends for 2022
After a turbulent start to a decade that was marked by a lot of uncertainty for construction companies across the globe, where does the construction industry stand as we enter a new year in 2022? In this article, we’re taking a look back at the important trends that shaped the construction industry in 2021 and […]
How to Make a Construction Schedule: A Step-by-Step Guide
If you are a construction manager, you know one, employ one, or report to one, this article is for you! The challenges that construction managers face start and end with the schedule. The schedule gives direction, it adheres to requirements, and most importantly, it sets expectations. A seasoned construction manager will understand the true value […]
6 Tips for Effectively Managing Accounts Receivable in the Construction Industry
Most construction and service companies operate by allowing a portion of their trades to be on credit. When your company extends credit to customers for a job completed or services provided, the amount owed is referred to as “accounts receivable”. But what is accounts receivable when it comes to construction accounting? How do you manage […]
30+ Canada Construction Statistics Contractors Should Know
From Alberta to Vancouver, Saskatchewan to Manitoba, and even Newfoundland and Labrador, construction companies across Canada had to adapt significantly to survive and overcome the COVID-19 pandemic. So, now that the pandemic is almost behind us, how does the future look for Canada’s construction industry? More importantly — what can construction companies do to keep […]
Construction Risk Management: The Ultimate Guide to Assessing & Managing Your Risks
There’s simply no denying the fact that construction is a risky business! Every day, your construction business is faced with many risks that could negatively affect your construction projects and even kill your bottom line. Construction projects can be very complex, and complexities and risks go hand in hand. Basically, risk management is key to […]
7 Key Elements of a Construction Risk Management Plan: Manage Your Project Risks
Effective risk management poses a particular challenge for construction companies. On one hand, various risk factors have to be considered before, during, and after the construction project. Construction places new demands on the contractor every time. While it seems impossible to create an exact risk or cost forecast, you can decentralize risk management with a construction risk […]
“Cool” Refrigeration Facts & Stats You Need to Know
What would life look like without fresh fruit, frozen meals, or ice cream? How would it feel if you had to go to the grocery store every day to buy fresh food? In just 150 years, refrigeration made it possible to keep food, medicine, and ourselves cool and fresh in any climate or season. As […]
30+ Must-Know United States Construction Statistics
The United States Construction industry is one of the top revenue-generating industries in the world! However, it’s still important for this industry to continue to adapt and keep up with the economic and social climate. Recent years have seen not only a lot of growth in this industry but also an increase in risks, which […]
The Benefit of a Construction ERP vs a Stand-Alone System
The construction industry is going strong despite the global crisis. New technologies are one of the reasons for this robust growth. “Smart” and energy-efficient buildings need not only stronger, eco-friendly, and more resilient materials but also new business applications to efficiently manage the entire building process. But what stops construction companies from embracing new technologies […]