BREAKING NEWS

Richard C. Fedorovich to Receive H. Peter Burg Award

Richard C. Fedorovich has been selected as the 2023 recipient of the H. Peter Burg Economic Development Leadership Award, presented by the Greater Akron Chamber.

Articles & Publications

Protect Your Profit: 5 tips for preventing profit fade

February 20, 2023 Construction

Profit fade, or the decline of expected gross profits over the course of a project, can be a serious problem for construction companies. Not only does it directly erode the bottom line, but it is also an indication to. Read More >>

Cybersecurity Risk & Threats are a Construction Concern

When we think of cybersecurity, we don’t instantly think of the construction industry as a significant target. However, similar to the industries that immediately come to mind like retail and financial services, the construction industry is actually more vulnerable. Read More >>

5 Ways to Maintain Profitability on Change Orders

February 21, 2022 Construction

Changes during a construction project are often inevitable. In fact, change orders are so common that they affect more than one-third of projects. While these changes can lengthen a project’s schedule and increase labor and material costs, they can. Read More >>

Construction Industry Trends for 2020

February 24, 2020 Construction

After decades of relatively slow change, the shortage of skilled labor, megaprojects and a shift to modularization are quickly disrupting the construction industry and broader ecosystem. These new trends are taking hold of the contractors who need to quickly. Read More >>

Managing Risk from Construction Change Orders

September 24, 2019 Construction

“That project finished exactly as the contract stated,” said no Construction owner, ever. Managing risk is key to any successful construction project. And while change is to be expected with nearly all projects, change orders can present a significant. Read More >>

Recruiting: A Continuous Challenge for Construction Contractors

September 9, 2019 Construction

The construction industry faces a number of tumultuous challenges. From unreliable subcontractors, scheduling challenges, high insurance costs, available cash, tax reform, turbulent weather conditions and technology adoption, there’s no shortage of challenges, but recruiting remains the top focus for. Read More >>

Construction Succession Planning and Ownership Transition

As this next wave of construction company owners begins planning their retirement, their children begin contemplating their own long-term career commitments. Many times, owners must consider other succession plan opportunities because what was once thought of as a family-owned. Read More >>

Construction Industry Outlook for 2019

The first quarter of 2019 is showing signs of a slowdown for the Construction Industry, and trade groups like FMI and other construction associations have been acknowledging the slower pace. An indication from the Dodge Momentum Index shows a. Read More >>

Work in Process Schedule: The Lifeblood of a Construction Company

February 28, 2019 Construction

The work in process schedule (WIP) is the heartbeat of any construction company and needs to be accurately maintained and analyzed. The WIP is a financial performance summary of each individual contract that the company enters. There are many. Read More >>

Revenue Recognition for Contractors: Seminar Takeaways

There aren’t many instances when the businesses face a game changer, but that what every company will experience in its day-to-day accounting practices with the Revenue Recognition Standards. To help make sense of the change, we hosted an educational seminar. Read More >>