In many ways, lean construction is about ensuring the right people receive the right information at the right time. Cloud and mobile technologies greatly facilitate these goals.
The IRS is looking more closely at IRAs that hold hard-to-value assets, especially in years that a distribution or deemed distribution have been made.
Members of the construction industry worry most about three main issues: the workforce shortage, the changing climate, and aligning government and business to advance energy-efficient and high-performance buildings. These issues require solutions, and the solutions likely will change the future of commercial and industrial buildings.
Modern networking tools have changed the way managers approach construction projects. Online project management and communication tools make it easier to ensure everyone involved in a project—from architects and engineers to contractors and project owners—is on the same page.
Even with all the benefits big data can deliver, data processing at that extent isn’t necessary for every company. Similar benefits can be reached by analyzing data on a smaller scale, opening up the opportunity to start seeing the benefits of data insights to small and medium-sized organizations.
To keep projects on or under budget, we consult with the client and coordinate plans, design specifications, phasing and operation methods with the design team and the state and local authorities. All of this is done during preconstruction.
An integral part of the community service culture at Choate Construction is helping the Cystic Fibrosis (CF) Foundation get closer to finding a cure for the disease, one step at a time. This year, Choate’s annual “Cars & ’Q for a Cause” event raised a record-breaking $175,985 to contribute to the CF Foundation.
Disputes relating to major North American construction projects decreased in value to an average of $29.6 million in 2014, but the length of time to resolve these disputes increased significantly to an average of 16.2 months.
“Collaborative consumption” is the latest fad in America. This “sharing economy” includes 17 billion-dollar companies that collectively employ 60,000 people. Twelve of them are based in the United States. Four are in transportation, another four are in finance, three help distribute goods and another three help people share space; however, none are in construction.
Change cannot be completely avoided, but its impact on the project can be minimized by defining a clear plan of action before a project begins; building strong, integrated lines of communication; and continuously assessing progress and emerging threats. By working together as a team and clearly defining goals and strategies for project delivery from the outset, project leaders and contractors can spot unexpected issues sooner to devise solutions that keep projects on track.