Predicting the Future: Construction Industry Job Skills to Recruit for Now

The construction industry is one of the fastest-growing industries in the world and the most robust, with an estimated $1.3 trillion in construction projects in 2019 alone. Of course, with this level of success comes corresponding challenges, including where to find the best workers. With a shortage of skilled workers, construction companies face a unique … Continue reading “Predicting the Future: Construction Industry Job Skills to Recruit for Now”

Women in Construction: The Future Is Female

Since its earliest days, the construction industry has been thought of as a male-dominated field, and even today, the number of women in construction and contracting professions represent a stark minority. That number, however, is growing by leaps and bounds, and this trend might be the best possible thing for the industry. More and more … Continue reading “Women in Construction: The Future Is Female”

Where Are the Construction Jobs? The 10 Best States to Bid in Now

The construction industry has always been an exciting and challenging one, and one of the biggest factors in your success as a company is knowing where to bid. Understanding where the job offerings are hot and where you have the greatest chance to put in a bid is your best shot at growing your company … Continue reading “Where Are the Construction Jobs? The 10 Best States to Bid in Now”

Modern Technology in the Construction Industry

Technology is a fact of life in this day and age. Everywhere you look you see a smart world: smartphones, smart homes, smart TVs, smart cars — it’s all smart technology. This has even moved into the construction industry, but it’s surprising how many construction companies are still using outdated equipment, technology and even methods … Continue reading “Modern Technology in the Construction Industry”

Rising Interest Rates a Slowing Economy and the Construction Industry

Rising Interest Rates, a Slowing Economy and the Construction Industry There’s little doubt that the economy is slowing down. Whether we’re heading into an actual recession remains to be seen, but it’s certain that interest rates are on the rise, spending is down and business is slower than at this time last year. For the … Continue reading “Rising Interest Rates a Slowing Economy and the Construction Industry”

What a Slow Housing Market Means for Construction Companies

Over the past ten years or so, we’ve seen a housing boom due to bank bailouts, low interest rates, and a new enthusiasm from young first-time homeowners re-embracing the American Dream of home ownership after a number of years of cynicism and doubt when the 2008 housing bubble burst. Lenders have been more willing to … Continue reading “What a Slow Housing Market Means for Construction Companies”

Understanding the Various Types of Surety Bond

For construction and contracting companies looking to get bonded, the process can be somewhat confusing. While you’ve probably heard lots of information about performance and payment bonds, the two core concepts at the heart of the surety and contracting industry. Did you know there are easily a dozen different kinds of bonds, each designed to … Continue reading “Understanding the Various Types of Surety Bond”

State Little Miller Acts: What They Mean for Contractors

Miller Act statutes are a necessary part of being a construction and contracting business. These acts, at both the federal and state level, very closely regulate the kinds of surety bonds that a business absolutely must carry if they wish to work on government contracts. That means if you’d like to do any sort of … Continue reading “State Little Miller Acts: What They Mean for Contractors”

New Hampshire Little Miller Act

As a contractor, in order to grow your business at some point, you’ll want to bid on a government project. When this happens you’ll find yourself suddenly faced with terms like, “Miller Act” and “Little Miller Act.” Unfamiliar terminology can always throw you for a loop, but there’s no reason to panic. You already know … Continue reading “New Hampshire Little Miller Act”