Tag: firms
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Firms that pay suppliers late could be fined millions under new laws
“Late payments have plagued the sector for too long, causing significant cashflow challenges, hindering growth, and in many cases, forcing businesses to shut up shop. Over the past decade, construction firms have accounted for approximately 18% of total insolvencies in England and Wales, whilst accounting for less than 15% of companies. View the original article…
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6 contech firms haul in a combined $208M
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. An autonomous machinery firm that uses artificial intelligence with retrofits, an AI tool that scrapes permits across U.S. jurisdictions and field-tested AI agents all attracted investor cash in the second quarter of 2025. Here are six startups…
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The 3 essential elements that keep construction firms standing strong
In an industry where approximately 40% of construction companies fail within their first three years, understanding the fundamental elements of business success has never been more crucial. In order to build for your company to build its foundation for success, there are three pillars every contractor needs. 1. The Power of Vision in Construction Leadership…
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Construction Firms Embracing Tech Gain Competitive Edge in Bids, Revenue, and Talent
Don’t underestimate what technology can do for a construction business. That’s the overriding message from a newly released benchmarking report covering the architecture, engineering and construction (AEC) industries. Findings from the 2025 AEC Inspire Report from Unanet [of which I am co-author] show a clear performance divide between AEC firms that are mature in their…
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Construction Firms Embracing Tech Gain Competitive Edge in Bids, Revenue, and Talent
Don’t underestimate what technology can do for a construction business. That’s the overriding message from a newly released benchmarking report covering the architecture, engineering and construction (AEC) industries. Findings from the 2025 AEC Inspire Report from Unanet [of which I am co-author] show a clear performance divide between AEC firms that are mature in their…
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How Construction Firms Can Build a Strong Financial Roadmap Amid Rising Costs and Growth
As your construction firm navigates today’s economic landscape, the $1.2 trillion public infrastructure bill, passed a few years ago, continues to carry both promise and uncertainty. Nevertheless, the domestic procurement preferences and materials sourcing requirements tied to this legislation still hold the potential to create meaningful growth opportunities. That said, it’s crucial to be prepared…
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Large UK firms lagging behind US in tech investment
Large US construction businesses are already investing more in technology, and keener to do more, than UK firms. That’s according to research from Trimble, which found that 62% of US CEOs were investing more than 25% of their budgets into innovation and technology. Just 34% of UK CEOs matched this. However, even with this much…
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How Disorganized Project Data Is Costing AEC Firms Millions
Information management isn’t just about staying organized. It’s about staying profitable. If you’re leading a busy architecture, engineering or construction firm (AEC), you’ve seen what happens when files get lost, RFIs slip through the cracks or your team spends hours chasing down the latest drawing. That waste adds up. The right information management system doesn’t…
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Construction Firms Are Monetizing Smarter with Telegram in 2025
If you think Telegram is just for memes, crypto chatter, or random group chats, think again. In 2025, savvy construction businesses are tapping into the unique features of this amazing platform to monetize smarter, boost leads, and build stronger client relationships. Telegram makes things simple and cost-effective. Yep, it is not just a messaging app…
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Construction Firms Are Monetizing Smarter with Telegram in 2025
If you think Telegram is just for memes, crypto chatter, or random group chats, think again. In 2025, savvy construction businesses are tapping into the unique features of this amazing platform to monetize smarter, boost leads, and build stronger client relationships. Telegram makes things simple and cost-effective. Yep, it is not just a messaging app…