Construction Industry Insights For AECO Professionals
The weather may be colder, but the construction industry is running hotter than ever. This edition of Construction Industry Advisor discusses several timely considerations for construction business owners and AECO professionals. From managing accounts receivable and modular construction updates to whether or not to consider wearable tech for your employees at your next job site, you don’t want to miss this issue. Read on for an overview of what you will find in the Fall 2024 edition. Or click here to view the full pdf.
Work hard, get paid: Accounts receivable management for contractors
Construction businesses tend to have a more difficult time getting paid than other types of companies. All too often, payments are not only slow, but also late. This article suggests 10 ways that contractors can tighten up their accounts receivable management processes. A sidebar shares results from a recent survey that shows just how financially harmful slow payments can be.
Keeping up with fast-track construction projects
Most contractors would probably tell you that it’s the rare job they’d describe as “easy.” Fast-track construction projects raise the difficulty level even further because the schedule is compressed and the design is typically incomplete. This article explores some best practices when performing a fast-track job, including studying the contract and putting an experienced crew on the job site.
The state of modular construction
Prefab, off-site construction, manufactured builds — whatever you call it, modular construction has been promising for years to revolutionize how buildings are constructed. But it has yet to truly disrupt the construction industry. This article discusses the potential advantages of modular buildings, notes the ongoing obstacles, and shares some best practices.
Is wearable tech a good fit for your construction company?
What was once science fiction is now reality. Construction workers can walk the job site with enhanced visuals from augmented-reality headsets and real-time biofeedback from smartwatches. However, construction business owners need to step carefully before investing in “wearable tech.” This article provides some examples of just what it can do.
Contact Us
Check out the Fall 2024 edition of Construction Industry Advisor today to read the full articles included in this issue. If you are interested in learning more or would like to discuss planning and opportunities for your construction business, contact a Construction Professional at GBQ Partners.
