The success of most construction businesses is built on not only quality work, but also positive relationships. Obviously, you’ve got to work well with project owners. But you need a solid rapport with other entities as well — including lenders, ...

The Inflation Reduction Act (IRA) significantly altered the 45L credit and 179D deduction amounts and qualification criteria, creating more tax-saving opportunities for home builders and multifamily developers constructing energy-efficient homes. Her...

The COVID-19 pandemic and other world events have triggered or worsened supply chain risks and shortcomings affecting many industries — including construction. Materials or equipment shortages or delays can be devastating to a project, so it’s cr...

For years, contractors have been urged to explore and adapt “lean” practices originally pioneered in the manufacturing sector. The challenge and benefits of doing so remain, and today’s construction companies need to maximize resources and stre...

Supply chains in the construction industry are often complex and difficult to manage. The bigger the project and the more players involved, the longer and more intricate the supply chain. The COVID-19 pandemic and subsequent material shortages have s...

It’s not too late for home builders to claim the 45L credit for 2021, and proposed legislation may allow eligible contractors to take advantage of this tax benefit through 2022 and beyond. About the 45L Credit Extended by the Consolidated Appropria...

When projects stalled across the country during the initial weeks of the COVID-19 pandemic — some indefinitely because of lost funding — the construction industry became increasingly nervous about backlog. Construction backlog seems to be rebound...

For a construction company to be successful, it takes a dedicated financial leader to ensure the organization’s accounting house is in order. In doing so, contractors must come to terms with the fact they’ll need to hire a controller or a chief f...