Heavy highway construction is equipment intensive, and along with that comes the use of a lot of fuel. Considering fuel’s variable and high cost, it’s logical to track it closely, yet many heavy highway companies fail to do so. Is a specific loader using more fuel than it should? Is an employee filling up his personal car as he leaves the yard at the end of the day? Proper fuel tracking can answer these questions and many more.
Considering its inherent complexity, enterprise-wide scope and financial significance, strategic risk is an executive-level issue at its core. It’s so vital that five of the world’s leading finance and accounting organizations developed a consortium to build an integrated framework for enterprise risk-related decision-making.
Employers often only require employees serving in a management position to execute employment agreements with provisions largely focused on competition, disclosure and solicitation. However, a more expansive use of employment agreements should be considered, particularly given the increased resort to litigation by all levels of employees utilizing the provisions of the Fair Labor Standards Act (FLSA).
The FLSA essentially requires employers to properly compensate non-exempt employees for their actual hours worked at a regular rate for their first 40 hours worked during each week, as well as at an overtime rate of time and a half for every hour worked beyond the initial 40. With vastly increasing regularity, employees have been initiating litigation against employers in an effort to recover additional compensation for overtime hours. Employers utilizing a job bonus system for compensation, with or without an hourly rate of compensation, are particularly targeted, as are employers that fail to collect or maintain accurate time records.
The third week of 2017 was busy for shareholders in the heavy construction equipment industry, with financial institutions and asset management groups cutting down their stakes in the shares of leading manufacturing companies. Despite the rollercoaster ride, Wall Street expects some attractive profit figures by the end of the last quarter of the 2016-2017 financial year. The optimism is tied to the profit tracking of financial releases for the prominent vendors in the industry.
When Michelle Jones, an instrumentation engineer with Hargrove Engineers + Constructors, Mobile, Ala., heard about an 11 year-old girl named Emma Pablo with limited mobility due to cerebral palsy, she was inspired to help—and that inspiration quickly spread throughout the company.
With President and CEO Ralph Hargrove’s blessing, Jones reached out to fellow engineers and designers who would share her vision for building something that would enrich Emma’s life and give her access to the tools she needed to learn to move around in space and control her environment.
Whether operating dump trucks or pickup trucks, most companies with a fleet of more than 25 vehicles have at least entertained the idea of installing telematics devices to help reduce operational costs and improve safety. However, many companies are not realizing the potential risk-reduction benefit because they are not focused on the appropriate measures to improve driver behaviors, especially hard braking.
Equipment is the backbone of business across industries—imagine a moving company without a truck, a bakery without an oven or a demolition contractor without a bulldozer—but purchasing equipment out of pocket is expensive. The significant upfront cost of a dump truck, HVAC or security system, or commercial refrigeration unit can have a severe, negative effect on cash flow, particularly for companies in early growth stages or those looking to expand.
A new open source tool that will help construction companies identify and reduce carbon emissions is currently being pilot tested by U.K.-based developer Costain and the University of Edinburgh Business School, with funding from Volvo’s Construction Climate Challenge. The Carbon Infrastructure Transformation Tool (CITT) project sprung from the need to solve two key problems facing the construction industry: high greenhouse gas emissions and the fragmented nature of supply chains.
In February, the U.S. House of representatives passed H.J. Res. 37 to block implementation of Executive Order 13673, known as the “blacklisting” rule, through the Congressional Review Act (CRA). Implementation of the rule was temporarily blocked on Oct. 24, 2016, when a U.S. District Court judge for the Eastern District of Texas granted a preliminary injunction against the reporting provisions of the rule, which were scheduled to take effect Oct. 25, 2016.
From the outside, the headquarters of hth companies, inc., Union, Mo., looks like a humble construction office—a two-story, tan-colored structure, set back a bit from a country road, with trucks parked outside, a side entrance for the warehouse, an awning bearing the company logo and a light dusting of snow on the front stoop.
But peek inside—where a warm welcome reveals the heart and soul of the company—and it’s evident why Associated Builders and Contractors (ABC) selected this family-owned mechanical contracting firm at its 2016 Contractor of the Year. The award is about the employees and their sincere dedication to the betterment of the construction industry.