In construction, keeping track of your assets is essential. Tools and equipment are constantly in use and circulating from one construction site to another, so it is important to be aware of their location and status at all times. This can be achieved with the...
Whether they occur during or post-construction, disputes can have severe consequences for contractors, their productivity, cash flow, and the bottom line. This is especially true of those that can’t be resolved amicably. Many common causes of construction disputes can...
In the highly competitive construction industry, contractors had to watch their operating costs even before the global pandemic and other ongoing geopolitical crises pushed the prices of all construction inputs—labor, materials, fuel, and equipment. Against this...
As the prices of food, gas and other commodities keep rising, the effects of inflation become increasingly noticeable in everyday life. However, while the general inflation rate in the U.S. currently stands at 8.5%, the construction industry is experiencing...
You don’t need to be involved in the construction industry to see that the prices are going up. However, the construction sector is particularly affected by rising prices of all inputs—labor, equipment, fuel, and materials. What’s more, the rising demand for...
