Choosing the RIGHT Benefits Partner for Your Company
Navigating the ever-changing landscape of employee benefits, administration, costs, and risk management can be daunting to even the most seasoned professional. That is why it’s essential for construction business owners to know how to choose a benefits partner that will shop the market for the most cost-effective and..
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Building Employee Loyalty
Employees are the lifeblood of every construction company. Without loyal employees, materials do not get purchased, contractors do not get hired, and buildings do not get built. We also keep hearing that we are experiencing a shortage of skilled trade workers. However, I believe this shortage is not because there are fewer workers, but an overall increase in ..
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10 Key Skills of Successful Project Managers
Whether you’re evaluating the performance of your current Project Managers, or looking to hire a “Star Performer” for your construction team, how do you do it? Based on over 20 years of experience in Construction Project Management, I have found the following to be the essential skills that are common among the most successful Construction Project Managers.
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New Tax Laws for Construction Companies
The Tax Cuts and Jobs Act (TCJA) has a new 20% deduction for non- C corporation businesses. It is earned at the company level and computed on the personal tax return. It applies to most construction businesses for 2018.
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Incentive Packages Part V: Rewarding Business Development & Sales
In this article, we explore successful incentive plans & strategies that are commonly used with Business Development and Sales professionals across the construction industry.
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Incentive Packages Part IV: Rewarding Construction Estimators
In this article, we explore successful incentive plans and strategies that are used with Estimators across the construction industry to ensure that they are making a positive contribution to the company.
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Incentive Packages Part III: Rewarding Project Managers
In this article, we will explore successful incentive plans and strategies that are commonly used with Construction Project Managers across the construction industry.
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Incentive Packages Part II: Bonus Structures
The goal of all compensation and incentive programs is to drive desired behaviors across the organization. In our previous article, we dove into the history of performance assessments and what the construction industry can take from the recent trends of...
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Incentive Packages Part I: Performance Pay History
One of the more complex and complicated topics for business owners resides in motivating employees and ensuring your culture is driving the correct behaviors in the workplace. In a recent conversation, I was reminded that one of the best ways to drive the desired behaviors from those that may not..
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How do you get a construction bond?
Since the economic crash and recovery over the past decade, Owner- and Lender-required Payment and Performance (P&P) bonding for construction projects has become more prevalent across the industry. Traditionally, bonding has been associated with public...
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