The Small Business Administration’s 8a Certification Program offers aid to small businesses that are at a social and/or economic disadvantage to allow for fair competition. As part of the Small Business Act, hundreds of new companies have taken advantage each year with a total of 6,333 active ...
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Outlook for the Construction Industry in 2020
The new year is upon us and as construction companies get ready for the coming season, it’s important to look back over the past year, and look forward to the new, to get prepared for the upcoming trends. 2019 was a year of ups and downs for the industry, and many companies who carefully plann...
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...
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 compa...
Best Practices: Working with Women- and Minority-Owned Businesses
There’s little doubt that the construction and contracting industry is changing — and changing at light speed. We live in a world of fast-paced, constant change and evolution, and the construction market is no different. It’s a world of ups and downs, adjustments, advancements, and shifting at...
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 outd...
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 possibl...
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...
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 ...
Government Purchasing Officers Examine Benefits of Expanding Surety Bonding
With millions of dollars at stake in maintenance and construction projects, it’s vital that government purchasing officers understand the importance of surety bonding for these undertakings. Two insurance executives recently made an educational presentation on how this practice provides the ri...