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Lessons You Didn’t Learn About Reliance During the Last Recession

There’s a tendency to see the world through an optimistic fog. During the last great U.S. recession companies learned a valuable survival lesson. Since then, reports and studies have dissected the data to identify steps that can help you when the next downturn happens. Here are strategies to blunt your company’s pain during and after the next economic retreat. 

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Business

Top Ways to Fuel Innovation in Your Company

For subcontractors, the right questions inspire answers that improve workflows, boost employee confidence, introduce new techniques, find new revenue streams, improve accountability, and reduce risks. Asking the right questions also helps you recruit and retain top talent. Here are the top ways for asking better questions to improve your business and project outcomes.

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Business

Key Strategies for Dealing with the Subcontractor Shortage

Construction’s labor shortage continues spreading across the subcontractor landscape. The Institute for Supply Management addressed the shortage of subcontractors for the sixth consecutive month in its June 2018 Non-Manufacturing Report on Business. Here are tactics that will help you keep the subs you have, and to attract the ones you need.

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Business

Delight Your Customers (or Someone Else Will)

Dean Willemsen, Managing Director at Prime Build, firmly believes a company’s most important asset is its people. He asserts great leadership requires taking actions that positively affect those people. While learning and development should be fundamental, they’re simply not enough for Dean. Employers must also provide for mental health and well-being.

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Business

Design Risks Every Contractor Should Watch Out For

New project delivery methods are reshaping the role of the contractor. Throughout most of the 20th Century, design-bid-build was the standard way of running projects. This model relied on architects working with the owner under separate contract for the design phase. From there, the project was put out for bid to contractors to do the building.

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Business

What’s Causing Your Projects to Fail?

Regardless of who is at fault for creating delays in construction projects, they are still delays. Missed deadlines mean late completion and budget overruns. Learn what’s causing them and how to prevent delays from happening in the first place.

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Business

Stop Signing Away Your Subcontractor Profits

Few people enjoy reading contracts. Their never-ending sentences cause your eyes to glaze over and your mind to go numb. But, by not taking the time to carefully review and understand these documents, subcontractors are taking on more risk than they can handle. And in the process, they’re giving away profits to pay legal fees.

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Business

Your Guideline to Construction Wrap-up Insurance

Owner-controlled or contractor-controlled insurance programs are inching their way into projects never envisioned for their use. These “wrap-ups” can increase subcontractor risk through inadequate coverages and greater administrative costs. Here’s what’s behind these insurance products and some key points to consider.

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Business

Is it Time To Scale Your Construction Business?

Scalability is a process that allows you to create value, deliver value and capture value. It’s all about profitable growth. Fortunately, researchers writing in the Massachusetts Institute of Technology, Sloan Management Review have studied scalability and can now suggest templates you can use to make your business model scalable.

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