Category: Insurance & Leasing
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Optimizing Automation in Your Construction Business
With the increasing demands on pavement contractors—whether managing multiple projects, tracking material costs, or handling client invoicing—automating accounting tasks can significantly improve efficiency and accuracy. So, how do you avoid the aggravation of automation? It all comes down to proper setup, a solid understanding of financials, and structured processes. The Importance of Proper Setup Successful…
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Rethinking Pricing as Tariffs Hit
Trump’s election will likely improve demand conditions for construction spending but also include risks based on tariffs, project timing, and completion due to labor and supply implications from policies. Early themes from builders, remodelers, and contractors indicate optimism from the election outcome partly due to clarity and certainty of administration tone for the next four…
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Gordian Reveals Construction Industry Cost Insights for Q1 2025
As a provider of data-driven solutions for the building lifecycle, Gordian released its 2025 RSMeans Data. The RSMeans Data is updated quarterly to reflect the state of cost lines in the industry. Gordian reported that construction costs continued to increase slightly faster than inflation heading into 2025, with labor wages rising by an average of…
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What the Steel and Aluminum Tariff Could Mean for Construction
In an effort to protect America’s steel and aluminum industries, on February 11, President Trump signed proclamations to close loopholes, restoring a “true” 25 percent tariff on steel, raising the tariff from 10 to 25 percent on aluminum. As quickly as President Trump addressed these tariffs on what are vitally imported construction materials, it didn’t…
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How Dashcams are Enhancing Safety and Protecting Fleets From Fraud
Let’s face it — we live in a world where everything is prone to going viral. A recent epidemic that has taken the Internet and social media platforms by storm is auto insurance fraud attempts, thanks to the rapid adoption of dashcams. Dashcams have become essential for businesses reliant on vehicles and heavy equipment. They…
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Tracking Leased Concrete Equipment | For Construction Pros
In the concrete and construction sectors, leased equipment is vital to project success. From concrete mixers to cranes, leasing enables companies to leverage high-performance machinery in a much more cost-effective way than through outright ownership. Effective management of these leased assets is challenging and can directly impact profitability, compliance, and operational efficiency. Asset management software…
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Ending Payment Delays in the Construction Industry
Every day, construction companies across the United States lose nearly $767 million due to payment delays and inefficiencies. This staggering drain on the industry totaled $280 billion in 2024 alone — enough to build 14 Empire State Buildings. For an industry already grappling with thin margins and rising costs, these payment delays aren’t just numbers on a…
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The Road Ahead | For Construction Pros
I have been reviewing my notes the last few days for this column. The main topic was going to be about the decline of the Auto Industry and some thoughts on how you could get into a decent new or slightly used truck for an amount lower than what you have been hearing about on…
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Upcoming Contractor Opportunities in Revitalizing America’s Cities 2025
Cities and counties throughout the U.S. are revitalizing downtown areas, providing more housing, adding revenue-generating attractions, and repurposing other public areas. There are numerous drivers behind these types of focused projects, with population growth and the critical need for upgrades to aging facilities standing out as primary reasons. Visionary municipal leaders are planning for the…
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6 Equipment Finance Predictions for 2025: Mitsubishi HC Capital America
Mitsubishi HC Capital America has shared six pieces of insight that are expected to impact the equipment finance industry in 2025. “The convergence of economic shifts and technological advancements in 2024 has created a unique financing landscape for 2025,” said Brian Rosa, president of commercial finance for Mitsubishi HC Capital America. “While many organizations may…