A construction book review for aspiring contractors and those already in business who need a handy reference for managing a contractor business.
Fast track construction projects always seem to drop out of the sky. One minute your portfolio, or your current project, is flying along nicely, and then suddenly somebody’s got a project they want to get off the ground like yesterday.
When the client is a regular, you feel a lot more anxiety about it then when it’s somebody you’ve never worked with before. But in both cases you’ve got to make some far reaching decisions pretty fast. Here are some ideas for keeping things in perspective and it starts with understanding the fast track beast.
There’s much more to construction training than learning the technical aspects of how to do a job. There are also supporting and amplifying skills, and knowledge, that turn acceptable performers into exceptional performers. These ‘other’ skills are increasingly needed in construction because of complexity.
Oxford Economics took a deep look at the human resources challenges in the near future and found that 66% of companies are coming up short in putting together a workforce that will meet their business goals. Basically, business leaders are out of touch with what people want from their employers in “incentives, benefits and training.”
Behavior based project management harnesses the emotional quotient of the project team. That’s important because there is continuing evidence that projects of all types fail to meet their objectives.
Competitive bids are essential in winning construction contracts, but making them competitive might require adjusting the estimate.
In construction, there is a natural and continual conflict between thorough estimates and turning in competitive bids. In a way, many contractors delude themselves when they rely on spotty estimates, thinking that if they include what it will really cost for the project, they won’t win the bid. But that sets up a scenario where if they win the bid they’ll have to:
- make up for unaccounted costs through change orders, materials selections or other means; or
- rob money from overhead to make up for shortfalls; or
- loose money.
By Rodolfo Farber and Alfredo Jaime, of Jaime Partners
Incorporating the Old with the New
Keeping the historical elements of a building enhances the project overall. This is going to continue being a central theme in restaurant construction trends wherever history is being preserved. Using key pieces of a building during a renovation keeps the style and history of the location while maintaining its design and features.
Construction firms that regularly skirt labor law to gain unfair competitive advantages by misclassifying workers and hiring people who aren’t legally allowed to work in the U.S., are going to face closer scrutiny this year, according to a report published in the National Law Review.
Top construction personnel executives recently said being an ’employer of choice’ was the most effective way to recruit and retain trade workers, according to FMI’s “Craft Labor Recruiting and Retention 2015 Survey Report.” But what exactly does employer of choice mean, and how do you get there?
Surprisingly it doesn’t mean your company has to get listed by a prominent magazine, or that you have to encourage your workforce to send in nominations to somebody. It’s really more about understanding the hallmarks of an employer of choice, and then nurturing those in your company.