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Top 6 Rework Offenders Killing Your Margins

Your construction project is a constantly moving swirl of details you struggle to contain—at least it can seem that way on the ground. From a certain elevation, though, the fast-moving parts of the project become distinct and clear and obvious, and can be more easily managed and overseen. At that height, budgets and benchmarks are plainly visible, and the complete date is a bright mark on a timeline. Clarity rules.

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Business

Silica Dust Rule

If you’re in the dark about what the new silica-dust rule means for you, you’re not alone. The new standard is by far one of OSHA’s most comprehensive and complex health and safety regulations to hit the construction industry in years.

“What we’re seeing is not anything close to what folks had anticipated,” said Kevin Cannon, the director of safety and health for AGC of America. “The biggest thing is still trying to sort it out. Even some of the larger companies are still trying to figure it out.”

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My Accounting Software is Good Enough. And Other Lies You’ve Told Yourself.

Industry knowledge is full of lies. Here’s your guide to calling out the B.S.

You put a lot of effort into continuously excelling in your career. And it shows.

You’ve attended all of the conferences, read all of the magazines, and achieved all of the certifications within your reach to learn exactly how to lead your company to better financial health. But as much as you might have learned about the new productivity tips, financial tools, and career advice, there’s a good chance you’ve never questioned how much of it is valuable insight or industry bull.

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Where Is Green Building Headed?

Green building has been a growing trend in construction for over 10 years now. Yet, when you look at the numbers, the amount of building area that is certified green (LEED) is amazingly small (3.8% in the US). Based on this past history, author and green building guru Jerry Yudelson predicts where green building will go in the near future in his book “Reinventing Green.”

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Where Did ERP Systems Go Wrong?

For decades, Enterprise Resource Planning (ERP) systems have dominated the construction industry. These blended systems that brought areas such as planning, purchasing, inventory, project management, finance, and others under one umbrella, disrupted the industry in the 1990’s, offering the first form of an “all-in-one” solution. This concept of being the “jack of all trades” was the core component this business model was founded upon, and it’s the component that’s kept these companies stuck in the past.

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Technology Chargeback in the Construction Industry

The construction industry is relying more and more on technology to drive operational effectiveness, quality, safety, and revenue growth. Companies and IT Departments are putting less emphasis on the expensive, back-office ERP accounting systems and more on “Field ERP,” a loose federation of technologies improving value to the core business.

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Business

Master Your Budget, Protect Your Profit Margins

Errors in construction budgeting have been around as long as people have been putting up buildings, and as the built environment continues to grow, so does the difficulty of accurately forecasting costs.

In 1914, the Panama Canal came in ahead of schedule and some $23 million under budget; an owner’s daydream. But more often, the error goes the other way. It’s not uncommon for an imaginative architect’s high-flying vision to wow the stakeholders so much so, that all common sense is set aside.

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Is Green Building Worth It?

The short answer is: Yes. Financially, ecologically, and socially, it pays to build green.

Most developers and building owners are deeply influenced by the financial impacts of design decisions, such as building green. So, let’s look at four ways green building makes money sense.

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