CIA

Construction Industry Advisor

Showing 1–16 of 258 results

  • Contractors, keep an eye on where AI is headed

    Summer 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 445

    Abstract: Artificial intelligence (AI) is affecting every major industry. Indeed, many construction businesses may already be using AI in some ways and many more functions are likely in the pipeline. This article points out five ways that this technology can improve a construction company’s performance … or soon will.

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  • Recent report champions women in construction

    Summer 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 543

    Abstract: Construction businesses have been struggling with a skilled labor shortage for many years. One way to ease the pain is to consider hiring from population groups that have been historically overlooked by the industry. Case in point: women. This article explores the results of a recent survey indicating that adding female workers in various roles can improve project outcomes.

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  • Upgrading financial statements to a classified balance sheet

    Summer 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 638

    Abstract: Having sound financial reporting practices can help a construction business win over investors, obtain outside financing and get the surety bonds required to work on certain types of projects. One often-overlooked way that contractors can enhance their financial statements is to use a classified balance sheet rather than a conventional one. This article explores some of the details of a classified balance sheet.

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  • Need an exit strategy? Consider an ESOP

    Summer 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 954

    Abstract: Just like any business, a construction company needs a succession plan, employee benefits and ways to attract and retain motivated workers. Believe it or not, an employee stock ownership plan (ESOP) can accomplish all these objectives in one fell swoop. This article explains how ESOPs work and what advantages they offer. It also notes the downsides to be aware of. A sidebar points out some specific things that construction business owners need to know about ESOPs before establishing one.

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  • Why contractors should care about ESG

    Spring 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 453

    Abstract: Every business owner is at least somewhat aware of today’s expectations regarding sustainability, employee wellness and running an ethically sound company. However, that pressure is intensifying. This article addresses the rising trend of environmental, social and governance (ESG) practices; how ESG applies to construction businesses; and why it matters.

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  • Seizing control of insurance coverage with a CCIP

    Spring 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 538

    Abstract: Running a construction business and an insurance company might seem like two totally separate endeavors. But, under a contractor-controlled insurance program, a general contractor provides coverage for most parties to a construction project. This article looks at the advantages and disadvantages of this bold insurance strategy.

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  • How do federal infrastructure bids work?

    Spring 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 668

    Abstract: Like a full bottle of ketchup, the Infrastructure Investment and Jobs Act has been slow to dispense the many construction projects anticipated. However, confidence is high that more and more federally funded jobs are going to emerge in the coming year if they haven’t already. This article reviews the two most common bidding methods for public projects: sealed bidding and contracting by negotiation.

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  • Beware of tax surprises when selling equipment or vehicles

    Spring 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 946

    Abstract: Selling or trading in an unneeded vehicle or piece of equipment might seem like a good idea. But if you don’t carefully consider the details, the tax hit can make for quite an unpleasant surprise. This article discusses the details, providing three examples of the tax consequences of a transaction. For contractors thinking about selling their companies, a sidebar suggests an employee stock ownership plan as an effective way to do so.

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  • Prepare for stricter cybersecurity on DoD contracts

    Winter 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 430

    Abstract: Winning a U.S. Department of Defense (DoD) contract can mean a substantial revenue boost for a construction company. But any entity that works on a DoD job will soon have to comply with the Cybersecurity Maturity Model Certification program. This article outlines the program and discusses why contractors should consider a cybersecurity assessment regardless of whether they plan to bid on a DoD contract.

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  • The essentials of a subcontractor prequalification process

    Winter 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 542

    Abstract: General contractors are masters of logistics and coordination. But the success of most projects depends on one or more reliable subcontractors to get certain tasks done and done right. This article describes some of the essentials of a formal process for thoroughly vetting subcontractors so general contractors can rest assured that their jobs will be in good hands when the time comes.

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  • Succession planning is a journey of many steps

    Winter 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 678

    Abstract: Many construction businesses feature an owner who’s generally well known and liked by employees, customers, vendors, investors and advisors. This is great, but what happens when this individual is ready to retire or is otherwise compelled to step down? That’s where a succession plan comes in. This article discusses some of the general concepts of succession planning.

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  • Business interest expense: How much can you deduct?

    Winter 2023
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 886

    Abstract: If there’s one thing that every construction company owner enjoys, it’s a healthy tax deduction. However, the Tax Cuts and Jobs Act set forth a limitation on deductions of business interest expense. This article explains how small businesses can qualify for an exemption, how the limitation is calculated and how some companies can opt out of the limitation altogether. A sidebar looks at how a construction company could end up defined as a “tax shelter.”

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  • The future of 3D printing in construction

    Fall 2022
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 446

    Abstract: Science fiction lovers will have little trouble envisioning a wall panel materializing out of thin air thanks to the high-tech hardware aboard an intergalactic starship. That’s the concept of 3D printing, which is very real but not yet widely used in construction. This article explores the potential benefits and problems of a dramatically advancing technology.

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  • Check your company’s vital signs with KPIs

    Fall 2022
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 536

    Abstract: Many construction business owners lose sleep wondering whether they’re staying ahead of or falling behind the competition. Seemingly unpredictable equipment breakdowns are also a constant cause of concern. As this article explains, regularly checking certain key performance indicators can provide insights and alleviate stress.

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  • Worth a look: the Work Opportunity Tax Credit

    Fall 2022
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 690

    Abstract: The skilled labor shortage continues to challenge construction businesses. One potential way to mitigate the problem is to hire individuals from certain “targeted” groups that often encounter difficulties finding employment. As discussed in this article, by doing so, a construction company may be able to avail itself of the Work Opportunity Tax Credit.

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  • What are change orders really costing you?

    Fall 2022
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 891

    Abstract: Most construction projects are well planned and documented before a shovel hits the ground. That’s why change orders are a big deal; they represent a notable deviation from the building plans. This article discusses how contractors can better identify the true costs of change orders. A sidebar looks at whether a construction company should ever consider doing change-order work for free.

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