Yesterday the Department of Commerce came out with the July 2010 construction numbers and the current state of affairs is not very attractive. The numbers represent the seasonally adjusted annual value of construction work put in place and guess what, the numbers look more like the turn of the century then they do the year 2010. The drop off has been so severe over the past 3 years we have wiped out 7 years of growth.
Private Residential
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 What is the best way for a contractor to improve their profits? Minimize risk. Let's face it, contracting is another form of gambling. When we look at all of the stipulations placed upon subcontractors from paid if paid clauses to loose lien rights to un-executed change orders for work already completed, the practical business is more of a gamble than we would like to admit. So how do we take this gamble and make it into a sure bet? One way is to rewrite the rules a
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Some of the news over the past few days that we found interesting:Report: UnitedHealth nears $1.5B acquisitionOn Tuesday, July 27, 2010 National Business News - Local Business News | bizjournals reported that:UnitedHealth Group Inc. is nearing a $1.5 billion acquisition of Executive Health Resources Inc., according to a report from Bloomberg Businessweek. (UNH)
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The current Congress has passed the 2,300 page Financial Reform Bill which will have major impacts to the construction industry. After the 2008 elections there were three bills that were the focus of the new government: Healthcare, Global Warming, and Financial overhaul. All three of these have major impacts on the construction industry and with the Global Warming bill effectively dead, it is clear that Financial reform will be the largest single impact to the Construction Industry.<
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Sun Tzu wrote the Art of War in the 6th Century BC. Since that time military experts have considered it a complete view on how to operate a military machine and business scholars have claimed it applies to business dealings as well. I can tell you that there are several parts that directly apply to Estimating in Construction.
Sun Tzu says: "In respect of...method, we have:
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| Project Management: The 5 W's |
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Who is it for? - The Project Management system is for the entire specialty contractor community. More specifically, it is meant for your company?s Project Managers, Superintendents, operational personnel, and company executives. Also, you can have unlimited users in the system!
What is it? - The Project Management system provides some key services that can enhance your ability to manage projects more effectively, and provides visibility into your company's performance! Below are some of the online tools of the Project Management system.
- Dashboard ? created automatically to see all your projects or individual projects at a glance!
- Document Control ? List of Drawing Sets, Unacknowledged Drawing Sets, On Hold Drawin Sets, and Master Document Summary on the Document Dashboard. Drill down to an individual drawing sheet to see which RFIs, drawing sets, etc. have an impact on on construction!
- RFIs ? RFIs Preparing, Past Due, and Unacknowledged on your RFI Dashboard. Create and email an RFI to your client and it automatically goes into your RFI log. Integrates with Document Control and Contract changes!
- Contract ? See your current contract change orders, changes to price, and changes outstanding on your Contract Dashboard. Pricing Logs and Change Order Logs!
When can I use it & where? - Since the service is web-based, you can access it 24 hrs a day anywhere with a computer/smart phone and an internet connection! Use it for all of your projects, as we give you unlimited project storage!
Why should I use it? - Why wouldn?t you with all the automation and integration? Manage your projects with the Monkey, and save time and money normally wasted on writing and tracking documents, RFIs, and change orders! At only $30/month, you will save much more than you spend on this service not to mention having a feeling of relief! Use the ROI Calculator to see how much you will save! |
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