Soaring lumber prices are causing widespread chaos in the construction industry, thwarting momentum in residential construction and decreasing contractors’ profit margins. Here we provide three practical strategies for navigating volatility in lumber prices.
More than 50% of the work completed on construction sites is non-value-added work, which increases wastes and reduces profitability. In this post, we discuss 6 strategies for eliminating construction waste in your projects.
Cost overruns are the greatest risk to any construction project large or small. Without accurate cost estimates, project costs can balloon out of control. In our latest roundup, we not only reveal the biggest, boldest and most expensive construction projects being built on earth or over it, but also their runaway costs.
Stainless steel and plexiglass, once innovative building materials, are now standard building materials. But what new building materials will revolutionize the construction industry? In this post, we survey 15 bleeding-edge materials that will change the way construction is done.
If you’re a builder, you’ve probably noticed that construction costs have skyrocketed in 2020. In this post, we look at 4 incidents in 2020 that led to what we call a “perfect storm” for increasing construction costs and what you can do to increase your profits in the wake of this storm.
During a public health crisis, it becomes essential for construction firms to proactively protect their revenue. In this post, we provide 9 practical tips to protect and boost your construction revenue during critical times.
Construction home costs have gone up dramatically since the advent of Covid-19. Learn 6 tips for staying under budget when estimating new home construction costs.
Construction estimators keep track of the costs of an entire construction project and their work is essential for keeping projects on budget.