How to run a leaner, more profitable construction business

Lean construction principles focus on reducing waste, improving workflow and making better use of key resources such as ...
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AI in construction: 4 use cases to consider

Unless you’re ready to deploy robots on your jobsites, artificial intelligence (AI) won’t be performing any actual construction ...
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Dispute prevention tips for contractors

For contractors running small and midsize construction businesses, even a single major conflict can turn an otherwise profitable ...
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IRS releases guidance on new depreciation deduction

A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One ...
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Preparing your construction business for sale

Selling your construction business is likely one of the biggest financial moves you’ll ever make. And you’ll probably ...
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5 questions contractors should ask about their accounting systems

As construction companies grow, their accounting systems need to evolve right along with them. What worked in the ...
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Updated QOZ program may boost construction activity

The federal Qualified Opportunity Zone (QOZ) program incentivizes investment in designated low-income communities (or “zones”) across the United ...
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Should your construction company conduct a cybersecurity assessment?

Cyberattacks may not feel like a core operational risk for construction businesses. However, as technology and even artificial ...
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3 critical questions to ask when acquiring construction equipment

Acquiring equipment is a major strategic decision for small to midsize construction businesses. It affects everything from bid ...
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Contractors: How’s your succession plan coming along?

A 2024 survey conducted by consultancy FMI in partnership with the Construction Financial Management Association found that 58% ...
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How contractors can push back against high materials costs

Rising materials costs have become a persistent challenge for construction companies of all sizes. But they hit small ...
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Construction businesses shouldn’t overlook the R&D credit

Contractors: Don’t blame yourself if you’ve been running on the assumption that your company is ineligible for the ...
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