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Lessons from the Atlanta I-85 Bridge Collapse: The Value of Construction Project Management Software
As the I-85 bridge in Atlanta, GA reopens this week we can’t help but reflect on how the contractor was able to go above and beyond to complete this complex project. Atlanta ranks as the 8th most congested city in the world, making the collapse of one of the City’s primary corridors a crisis situation. The importance of selecting a…
There are many factors to consider in selecting right construction ERP software. An ideal solution should work seamlessly throughout all departments. The software also needs to be scalable, properly supported from an R&D perspective, work in the cloud and integrate with apps. Enterprise resource planning (ERP) software is a suite of integrated applications that seamlessly work together to manage ALL aspects…
For most business owners, technology has not always been a friend. The collaboration of business computers with phones, tablets and even the network can create a headache for businesses as well as a delay in efficiency and growth. Technology that not only works cohesively together but functions in real-time from anywhere, is a pipe dream for most business owners. The good…
As technology improves, businesses are under more and more pressure to have access to real-time data and business intelligence to make quicker decisions. Because of its heightened accessibility, cloud computing is paving the way for companies wanting to streamline processes and do away with dated technology. What is Cloud Computing? Cloud computing is the idea of using the internet to…
By Michael Miller, CIT, Senior Manager, Tax & Accounting Services, Saltmarsh, Cleaveland & Gund Did you know you can deduct the cost of your newly-purchased computer hardware and software from your taxes? The IRS gives three tax saving options that benefit companies purchasing computer hardware and software. 1. Section 179 The IRS through Internal Revenue Code Section 179 has provided…
By Daniel Oaks of Nieslon, Hoover & Company, Inc. The surety market is a market of cycles. Similar to the insurance market, the surety market has its ups and downs or its hard markets and soft markets. However, the insurance and surety market do not necessarily coincide. As a contractor, it is important to understand these cycles and specifically how surety cycles impact contractors. Understanding How Different…
Have you ever questioned the importance of heavy highway construction reporting? Think about this – each day, project superintendents for heavy highway projects come in and prepare for a typical day. It’s their job to have a constant pulse on what’s happening. Daily, the superintendent and project managers work with different people to attain the right information to inform their decisions – daily…
Preventative Maintenance Programs for construction equipment save contractors time and money. Are you leveraging the most advanced equipment maintenance tools to maximize your profits? Unplanned Maintenance vs. Planned Maintenance There are two types of maintenance – planned & unplanned. Unplanned maintenance includes machinery breakdown or emergency maintenance for project equipment like crawler excavators, wheel loaders or dump trucks. In these situations,…
Top Risks Facing General Contractors in 2016 & Strategies to Mitigate Risk General contractors already face difficulty when it comes to getting paid – not to mention getting paid on time. Scope of work issues, inspection problems, change order disputes, contract disputes and a number of other factors can greatly impact the profit margin for a construction project. Each year…
In the construction industry, projects are the lifeblood of the company. One of the critical management functions for a construction executive is making sure that financials are tightly managed. One way to improve profitability is to utilize accounting software that is designed exclusively for the construction industry. The appropriate construction accounting software solution will help improve the efficiency and profitability…