Most construction companies already have a pool of talented employees who can be trained on the ins and outs of what it means to be a construction manager. Effective training and mentoring programs need to be in place to properly retain standout employees and help them rise within the company, and that’s where some companies encounter difficulties.
I believe the construction industry will allow me to financially support myself while giving me a balance of time with my family. I also enjoy the idea of traveling for work and meeting new people and seeing different parts of the country.
Modern building and infrastructure projects generate a lot of data, and it’s only going to keep growing. In 2004, a large project generated roughly 100 gigabytes of data; today, that stat has risen to 6.5 terabytes of data. Because building and infrastructure projects live and die by project information, many risks are associated with properly managing it.
DPR took a building that had been vacant for more than seven years and transformed into an office that is not only energy-efficient and seeking LEED-CI v4.0 Platinum certification, but also ensures the well-being of employees.
Protective E&O is an essential insurance policy where perceived concerns about the amount and adequacy of the design firm’s professional liability insurance can be questioned in relationship to the complexity and size of the project. Brokers and insureds need to be aware of several seemingly innocuous clauses contained in many of these policies.
Despite the continuous narrative tied to green building, construction contracts have simply not kept pace, and most form contracts or standard clauses do not address contractual issues specific to sustainable projects.
NCCER has released two new training programs in response to the industry’s labor shortage and corresponding need for workforce development professionals and industry mentors.
The U.S. Department of the Treasury issued proposed regulations targeting the valuation practices of family-owned businesses that would lead to dramatically higher estate and gift taxes by eliminating the use of discounts currently permitted.
Fifty-six percent of construction businesses surveyed for the 2016 Travelers Risk Index report they worry most about medical cost inflation and legal liability, followed by rising employee benefits costs and broad economic uncertainty. Rounding out the top eight construction business concerns are attracting and retaining talent, employee safety and workplace violence, legal and regulatory compliance, and cyber risk and data breaches.
As the industry enters a more mature phase of its expansion, the 2017 Dodge Construction Outlook forecasts total U.S. construction starts will advance 5 percent to $713 billion, following gains of 11 percent in 2015 and an estimated 1 percent in2016.