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Construction: The Lost Decade 23    ... Private Residential Construction It is no big secret that this sector has been hurting.  In fact the current annual level of construction is more like 1993.  This is a time prior to the dot-com boom... Interesting News 7.27.2010 21    ..., July 27, 2010 Reed Construction Data:News : US reported that:To all appearances, the U.S. housing market is moving sideways. That is what several recent data releases suggest. June new home sales ... News U Can Use: Feb.3.2010 18    ...er confidence Reed Construction Data is reporting that the Business sector's confidence is up and is doing much better than consumer confidence.  The Business sector's confidence along with potentia... So What Does the Project Manager Do Anyway? 17    ...pkeeper 'I'll take a Construction Monkey, please.’   The shopkeeper nodded and took a monkey out of a cage. He put a collar and leash on the animal and handed it the man, saying, 'That will be $5,000.... Subcontractor: Projecting 2010 Conclusion 16    ...at anytime and visit Construction Monkey to see the low cost tools that can assist you in running your subcontracting business Construction News U Can Use: 2.24.2010 15    ...news from around the Construction Industry: Margin Pressure Will Worsen for Nonresidential Contractors Reed Construction Data is reporting that 2010 looks to be the worst for commercial contracto... Construction News U Can Use 4.20.2010 14    ...he march again Reed Construction Data is reporting that commodity prices across the board are being pushed higher and that those prices will be realized in the US Construction market. Project Labor ... Construction News U Can Use 2.10.2010 13    Construction related news that you might of missed and can help you in your business. Mobile Data Traffic: 3.6 Billion Gigabytes a Month by 2014 All things Digital is reportin... Construction News U Can Use 3.24.2010 12    ...ough January Reed Construction Data is reporting that 26 states are expanding and 11 of those states have had expansion for the past three months, which appears to be signs that the bottom has been... Is there More Work with ObamaCare? 12    ... Jim Haughey of Reed Construction Data  that construction will not fundamentally change in volume. So what will change?  In my opinion, you are going to see the return of the utilitarian heath care... Subcontractor: Projecting 2010 Part 3 10    ...oftware program like Construction Monkey. We are almost done at our total look into how to project 2010, in the next installment we will be looking at overhead, indirect costs, calculating profits... Construction: My Valentine 10    ...ng about my 2nd love Construction.  It seems like the other 364 days of the year construction gives us plenty of reasons to complain and sometimes hate it, but let's reflect on Valentine's Day all of ... What Financial Reform Means for Construction 10    ...single impact to the Construction Industry. The construction industry is fueled by lending.  It is safe to say that most construction relies on about 80-90% of borrowed money.  This value decrease... Subcontractor: Projecting 2010 Part 4 8    Well, we are almost done.  We have now compiled all of our revenue and gross margin amounts for our 2010 year.  You should have a spreadsheet that has totals that mirrors the fol... Construction Customer Service 8    In my last installment I talked about performance in relation to holding people accountable for what they accomplish and not what they do.  Let's look at the bigger picture of wh... MEP Coordination: why it’s expensive to be cheap 8    MEP Coordination: why it’s expensive to be cheap. You’re a contractor and you have been awarded a contract to do what your good at, build a building. You assemble a team to ma... Treat Construction as a Science 8    Construction is a massive industry and has promoted innovations in tools, equipment, products, and of course the structures that are built.  With all of that said it is not hard t... Revit: No Place for Amateurs 7    Revit: No Place for Amateurs Let us look at the typical building information modeling services firm and how things are done. Typically, a CAD manager is hired to create all of... MEP Coordination: It’s Expensive to be Cheap 7    MEP Coordination: It’s Expensive to be Cheap. You’re a contractor and you have been awarded a contract to do what your good at, build a building. You assemble a team to manage... How to Improve Construction Productivity 7    pro·duc·tiv·i·ty  (prō'dŭk-tĭv'ĭ-tē, prŏd'ək-) n. The rate at which goods or services are produced especially output per unit cost of labor.  Or if you prefer how much does it c... Is ObamaCare Good for Subcontractors? 7    ...ll have an impact on Construction.  If you have been around and done commercial construction, I am willing to bet you have done something in the health care industry.  I am betting that it will advers... Subcontractor Projecting 2010: Part 2 6    In Part 1, we talked about how to start coming up with a realistic look at 2010 by looking at your continual or flow work.  In this part, let's take a look at the next part of th... Sustainable Yes! LEED be Careful 6    When LEED was introduced it became a revolution in the construction industry changing the way Owners, Designers, and Builders approached jobs.  The major objective was to create ... Customer Service, It is About the Little Things 6    Customer service in a service industry is the key to success.  As specialty contractors, the service we provide is sometimes the only thing that makes us different than our compe... Will Hiring A Safety Manager Matter? 6    The vast majority of subcontractors in the country do not have a dedicated Safety Manager, so will hiring one make a difference?  Short answer, yes.  The real answer is much long... So What is BIM? 5    ...times called Virtual Construction.  Even though they have invested money in technology and people, they rely heavily on us Specialty Subcontractors to provide the actual information for the model. ... Cap and Trade, What to Expect 5    With Copenhagen behind us and health care on the ropes, will Cap and Trade be on the block?  The US House of Representatives have passed a bill, but the Senate has not taken it u... Revit: An Asset or a Cool Cartoon? 5    ... ability to produce “Construction Design Visualization” does not mean it is accurate.  The separation between “means and methods” and “conceptual design” can be hundreds of thousands of dollars to an ... Life of An Estimator, Tougher than You Think 5    ...st difficult jobs in Construction.  So what makes it such a difficult job? The most difficult part of being an estimator is the "lose-lose" options available on bid day.  In today's difficult mark... What Does Earth Day Mean for Construction? 5    Yesterday was Earth Day, a yearly mark that is growing in significance around the world.  It is a time for us to understand the issues about our impact on the environment.  I am ... Need a Safety Program? Try a Culture First. 4    ... happen every day in Construction Where is 2010 going? 4    ...year: Residential Construction I believe that there is artificial demand in the current market.  With low interest rates (which cannot continue forever given the national debt scenarios) and the f... Why BIM? 4    ...ty, etc). Virtual Construction (VC) - The same as BIM, but without the extra info, just a 3D modeling effort. Right now I am willing to bet that most of the companies that say that they BIM are ... Is the Economy Affecting Your Ethics? 4    Contracting is a tough business.  Our industry has a reputation among the community of having little or no ethics.  That reputation is earned due to our poor communication, but d... Do we have the money for Safety? Excuse Me? 4    I have been reading and having discussions on whether it is worth it to save money on safety.  Excuse me?  Why are they mutually exclusive?  If you execute a smart and well orche... What Makes A Good Estimate? 4    Construction companies stand on three (3) pillars that define good business; Get Work, Do Work, and Monitor Work.  If all three of them are done correctly and efficiently than the... What Can the Rig Disaster Teach a Subcontractor? 4    Last month a terrible accident happened aboard the Deepwater Horizon oil rig, killing 11 workers on the platform and creating an oil leak that is still no fully contained.  The i... Are Trade Shows a Waste? 4    ...ot in the industry.  Construction and specifically specialty subcontractors are on the leading edge of technology.  If you let a year go by without learning about the best new tricks, techniques, tool... What Makes a Specialty Contractor so Special? 4    In construction there are the general trades and then the infamous specialty subcontractors.  Ever think what is so special about the specialty trades?  The construction industry... Three Most Important Things to Being A Contractor 4    In retail and real estate there goes a saying that the three most important things are location, location, and location.  In construction there is a similar truth that the three ... Increase Profits, Minimize Risk 4    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 ... Quality Control, Be in Control 3    When you ask Owners what their top priorities for their next construction project, quality control is always near the top if not at the top.  With the slow down in the economy th... What Value Do You Add? 3    ...sis of what we do in Construction.  We solve problems.  Owners and/or Consultants come up with ideas that they want us to make a reality.  The Owners and Consultants for the most part do not know how ... Risk Mangement, What is Your Role? 3    In construction, talk to anyone about the single greatest challenge in surviving in the industry and it is risk.  "Based on the risk, add more profit to it."  "I am not goi... How to Create More Construction Jobs 3    ... So how do we create Construction jobs?  Since most of us are not in Congress nor do we yield a money supply that could finance new construction our options are limited.  Those options seem to get all... Cost Control is Construction's #2 Rule 3    In Construction the #1 rule is safety.  Without the principal of safety, the things we build and the people we employ will not be around once we finish.  I hope that fact is not up f... Where Have the Good Craftsmen Gone? 3    One of the largest complaints I hear is "the quality of the workforce is not what it used to be".  Whether I am talking to union or non-union, family owned or large business, the... A Tale of Two Boats 2    By now most of us have seen the change order and contract boat image that has been circulating around the internet over the past several years.  The big boat is rightly called th... Contract Sales: How to Understand Your Performance 2    ...alth Care/Hospital) Construction Type (i.e. Out of Ground) Squarefootage Customers bidding the job Bid Price and Margin (duh!) Competition including final results Geographic Location Proposed T... Tracking Productivity is the Key to Productivity 2    Productivity is defined by economists as the amount of output per unit of labor.  For example the number of light fixtures installed per labor hour worked.  As a subcontractor I ... Bid Work? Risk Taker, Price Taker! 2    If you are bidding work out there, you are going to be a price taker and not a price setter.  In fact throughout the construction industry whether it is bidding, negotiated, time... national sales director 2    we unveiled anew product for NYC agencies this week and had immediate sucess. we are ending walkthroughs in construction by having the jobs on line with full panoramic videos  wi... Will Anti-Immigration Law Affect You? 2    Arizona recently took an unprecedented step in passing a law that required the state to action on a federal issue.  I am not going to get into the middle of the political ideals ... Is PM software a Waste of Money? 2    Almost every construction company out there sees the value in Estimating software and utilizes some form of it.  I will agree that not every company is utilizing a specifically d... Be A Master in Construction 2    ... the true Masters in Construction?  I am not talking about those that have ventured out to get a Masters License in their prospective trade, I mean real masters.  American culture and probably world w... The Art of Estimating 2    ...ply to Estimating in Construction. Sun Tzu says: "In respect of...method, we have: Measurement Estimation of Quantity Calculation Balancing of Chances Victory"He was talking about sizing up ... Can Contractors Change? 2    ... that when I look at Construction, it does not appear that in the last couple of years we have not made any significant changes?  The industry on some metrics has contracted by about 60%, yet fundamen... Construction Production, What to Track 2    In my last blog, I discussed the need to track productivity to increase the performance of the company which now comes up with the natural question: What do we track?  It is actu... Want to Win Better Projects? 2    Given the turmoil in the marketplace over the past 2 years, I have heard repeatedly from different contractors that they are looking to move into different markets. We need to... Best and Final Offer, Are They Ethical? 2    If you have been involved in bidding work you have probably at one point in time been apart of the Best and Final Offer (BAFO) routine.  In private work it is typically called "s... Analytics, the Best Way to Improve Your Business 2    Analytics is simply the science of analysis.  In construction, and probably more specific in the subcontractor community analysis of data is few and far between, even though our ...