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DIGITAL WORKSITEThere are four reasons to manage your worksite digitally.   

By John Kennedy and Richard Bergfeld

The construction business, with all of the contractors, subcontractors, suppliers and other vendors, manages more critical documents on a day-to-day basis than nearly any other industry. As a result, construction work trailers often become a storage and management nightmare, reduced to document warehouses with little to no room for contractors to conduct business. 

RESIDENTIAL OPENERBy Jennifer French, CPA

When it comes to accounting, many contractors have two burning questions: which accounting method is best for my company, and which will give me the best tax advantage?

For regular taxpayers, their only concern is whether their overall accounting method should report income on the cash basis or the accrual basis of accounting. However, contractors have other factors that need to be considered. Contractors have the opportunity to use multiple methods of accounting for their long-term contracts. These methods will depend on whether the company is a small or large contractor and whether their contracts are short-term or long-term.

LABOR SHORTAGEHere's how to combat the industry workforce shortage.

By Adam Dalva

The construction industry is experiencing a fundamental shift as fierce competition for candidates to fill both new and open positions intensifies. The pace of monumental-scale infrastructure construction projects is on the rise worldwide, with current annual global infrastructure demand projected at $4 trillion, according to the World Economic Forum. The U.S. government plans to raise $1 trillion in a private/public partnership to rebuild major infrastructure throughout the country, with a focus on roads, bridges and other major construction endeavors. In addition, technology is transforming the way projects are designed and delivered and diversity is becoming an increasingly important focus for the industry, expanding beyond race and gender to include diversity of thought, background and experience. 

Augmented RealityBy Steve Smith

Retail giants, leading healthcare apps and school educators are beginning to explore augmented reality (AR), a technology that layers computer-generated enhancements atop an existing environment via portable or wearable devices. For these industries and others, AR adoption is still in its early stages — but not for long. For the construction sector in particular, AR offers a range of opportunities to help workers complete tasks as efficiently as possible and streamline the entire construction process. From initial planning and visualization, to execution of the work and the marketing of the finished product, AR will prove an essential tool to ultimately transform the construction industry for the better. Here are a few examples of how AR will impact the construction moving forward.

HURRICANE RESPONSEHurricanes shouldn’t be the end for your projects.

By Daniel A. Kapner

This year’s hurricane season – which saw hurricanes Harvey, Irma, and Maria causing widespread destruction in Texas, Florida, Puerto Rico and the U.S. Virgin Islands – has caused unprecedented damage and economic loss. According to some estimates, the damage may reach as high as $375 billion. Owners of construction projects and their contractors should carefully consider certain legal and insurance-related issues as part of their recovery strategies.

DISTRACTED DRIVINGIs Your Distracted-Driving Policy Working?

By Construction Today Staff

A study conducted by Virginia Tech Transportation Institute (VTTI) reveals that nearly 80 percent of vehicle accidents involve driver inattention. Although distracted driving is a common and costly issue, only 27 percent of businesses have a formal distracted-driving policy. Clearly, companies can do more to limit this threat to employee safety and business performance.

Construction Today recently spoke with Travelers President of Construction Rick Keegan and Bob Kreuzer, Travelers’ vice president of construction risk control, who discussed auto risks in the construction industry and how businesses can take a proactive approach to safety.

COMMERCIAL OPENERBy Lilian Bories

The rapid growth of advanced hardware and software technologies supporting huddle rooms and teaming spaces has gathered speed recently. Driving the trend is a more mobile and geographically distributed workforce combined with an increasingly complex business environment where competitive market forces and regulatory requirements converge. How can an organization address business complexities with speed and accuracy on a daily basis? Solving this collaboration challenge is a critical engine of value creation for companies. Creating the right workspace for team collaborators – both physically and technologically becomes vital.

Civil openerBy Al Feaster

Infrastructure repair, demolition projects, bridge and roadway restorations, residential renovations – the construction industry varies in jobs but the need for productivity and safety is consistent. With more than six million employees and $1 trillion worth of projects, according to the Bureau of Labor Statistics, construction site managers and employers should prioritize both productivity and safety, and proper labeling can get the job done.

With workers subject to the dangers of falling objects, slips and falls, electrocutions and power tool accidents, site managers should always encourage safe practices to prevent against these potential hazards. A construction site where efficient, protective measures such as proper signs and labeling are utilized is one way to ensure a safe and productive job site.

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