Big Budget Buildings: 10 Construction Projects That Broke the Bank
Over recent years the US AEC sector has grown substantially. Economically, the sector is buoyant and job creation throughout the industry has been high. The construction industry has benefitted from strong policy decisions and science and technology have been high on the political agenda.
The Top 5 Features of a Tool and Asset Management Solution
Every contractor knows that tool mismanagement—whether from tool loss, hoarding or breakage—can impact the efficiency and productivity of the business.
One of the principle causes of tool mismanagement is a lack of accountability. It’s not easy to keep track of every hammer, drill and grinder that goes in and out of a warehouse on any given day, particularly when these assets number in the thousands. Added to this complication, crews develop favorite pieces of equipment that don’t get returned
It’s no mystery to any Electrical or other specialty trade contractor that submitting Change Orders for acceptance and prompt payment can be a significant challenge and can negatively impact your profitably on a project. Recently, after publishing a report on Change Orders, a number of subcontractor associations have started promoting to the construction industry a set of Change Order standards that may help the submittal and approval process. While this is not a magic bullet set of standards,
The Mission-Critical Role of Capital Asset Management
For many businesses operating in the construction industry today, much of their work relies on the operation of capital assets, such as Generators, Chillers, Transformers, etc. These types of equipment contribute to the business's ability to properly run and generate profit. It is therefore a major requirement that they remain in operation at all times because if a piece of machinery is down, the detrimental effect on the business is loss of work and, ultimately, income.
BIM is a word or label that has become commonplace in our industry, and the processes and practices that make up BIM are changing the way MEP contractors do business. We are all aware that BIM makes a project more efficient and cost effective, but adopting BIM also has costs to the contractor.
In the last 2 months, Extensions introduced a change order protocol that I had the opportunity to draft with the Toronto Trade Association Standard Practice Committee, along with a taskforce made up of electrical, mechanical and sheet metal Contractors, as well as engineers, general contractors and owners/representatives. This protocol is a shift in thinking across these industries and promises to have significant impact going forward.
January 1, 2011 marked a significant milestone in North America for it was the date the oldest members of the baby boom generation celebrated their 65th birthday and thus marked a watershed moment. From that day forward for about the next 20 years, there is the potential for 10,000 boomer retirements a day.