As of the first quarter of 2016, the Bureau of Labor Statistics (BLS) reports that there are over 768,000 construction companies currently operating in the private industry in America. There are also countless more that have come and gone. According to Statistic Brain, only 47% of construction startup businesses are still operating after year 4. Personally, I've seen many people break off from a construction company and create their own business; some are still in operation, others have failed.
So what sets the successful businesses apart from the others? Our friends at GenieBelt have put together a list of 10 reasons why construction companies go out of business. As the infographic shows, it's extremely important to remember that running a profitable construction company isn't only about having the ability building quality projects, it also takes a strong understanding of finance and marketing.
The following infographic is provided by GenieBelt, an easy-to-use construction project management software that empowers communication on site. GenieBelt allows you to regain control of your project and connect fast and easy with all the different construction agents. For more information, you can visit their website at https://geniebelt.com/. Infographic Design by Jenny Yi Lou (firstname.lastname@example.org).
Hello, W orld!
Sometimes irony just makes a story too hard not to share.
With over 612,000 bridges across the United States a large emphasis must be placed on maintaining and replacing them each year. We’ve been hearing the narrative surrounding “America’s failing infrastructure” for several years now, but there’s still a lot of progress to be made.
Construction Junkie has once again been nominated as one of the top construction blogs on the internet and we NEED YOUR HELP to make us #1. Each year, Construction Marketing Ideas organizes a Best Construction Blog competition featuring some the best blogs in the industry. While we’ve come up short of taking the top spot in the past, we think this year is our year.
Concrete finishers smooth and finish concrete surfaces like curbs, floors, and roads. Most are also responsible for cutting control and expansion joints as the concrete hardens. OSHA's new silica dust regulations have added an additional wrinkle to the concrete finishers job, as they are now required to greatly limit their exposure to silica containing dust.
Cranes can be some of the most dangerous pieces of equipment on any construction jobsite. Not only do workers need to worry about working underneath loads being suspended by cranes, operators need to exercise extreme caution when working with heavy loads and extreme weather conditions. Cranes are also pivotal in efficiently building multi-story buildings, especially high rise and supertall buildings. The profession itself, at least for tower crane operators, can be fairly lonely though, as there's no buddy system up in the cab. The long commute up to the top also restricts the amount of time operators can take breaks.
Construction robotics has been a highly covered topic in the media for the past couple years. 3D concrete printing, brick laying robots, and self-driving track loaders are just a few of the technologies that have promised to disrupt construction sites across the world. But how exactly will these innovations affect the construction industry’s workforce?
Floor layers are broken out into several different categories and this data pull specifically highlights "floor layers, except carpet, wood, and hard tiles." This category most likely encapsulates vinyl tile or linoleum installations, whether they be strips, blocks, or sheets.
When OSHA raised its citation penalty amounts for the first time since 1990 in 2016, it raised them 78% to catch up with inflation over that many years. It wasn’t just a one time increase, however, as the amended Federal Civil Penalties Inflation Adjustment Act of 1990 no longer exempts OSHA from its requirements.
Insulation workers, specifically those that install floor, ceiling, and wall insulation typically learn their trade on the job. Whether installing more traditional fiberglass insulation or spray foam insulation, these types of workers almost exclusively work indoors. Although there are also mechanical insulation workers, their numbers are broken out separately, as they make an average of $10,000 per year more than floor, wall, and ceiling insulators.
Construction workers often get stereotyped for being gruff cat-callers, but truthfully, the industry is filled with men and women who are willing and able to step up to help in times of need. Each year, we scour the news to find stories of construction workers and companies going above and beyond to serve their communities. Below you'll find 7 great examples from last year.