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Archive December 2016

Home » 2016 » December

Importance of Using Key Performance Indicators in Construction

12/29/2016 at 12:44 pm

I recently visited with a client about the importance of forecasting, and the client displayed for me on a computer screen the daily key performance indicators (KPIs) they monitor. The client commented that the company can use the daily KPIs to predict monthly profits within a small variance and any significant balance sheet effect. This…


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What you need to know about year-end bonuses

12/27/2016 at 2:40 pm

As margins continue to grow, so do year-end payouts of profits to construction company owners. As of December 2016, contractors with revenues of $25 million to $100 million reported an average bonus payout of $183,813 for the president position. In contrast, the three highest reported bonus amounts (same revenue range) averaged a payout of $891,66—more…


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Wishing you the happiness of the holidays all year long

12/23/2016 at 11:36 am

Howdy blog buddies. “It’s that time of year again.” You hear that a lot during the holidays. And indeed, it is time for us to take a collective pause, so that we can celebrate the traditions that make the season so magical. We’ll decorate trees and light menorahs.  We’ll share meals and exchange presents. We’ll…


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Six steps to set up a corporate giving program

12/20/2016 at 2:43 pm

In my last post, “Charitable giving: Good for the corporate soul,” I covered the growth in corporate giving and how it can lead to greater employee engagement—a key factor in retaining good employees. Corporate giving can also boost your company brand and bottom line. In general, people and other businesses want to buy services from…


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Charitable giving: Good for the corporate soul

12/16/2016 at 11:42 am

‘Tis the season for giving. At one time, that phrase pertained solely to the holiday season. Not so any longer. Yes, the holidays inspire us to contribute to toy drives, dish out warm meals, and donate to our favorite charities. But charitable organizations are finding that the giving spirit now lasts throughout the year—much of…


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Blending cloud and on-premise computing

12/14/2016 at 11:56 am

There is little doubt that cloud computing has reshaped the construction industry. Many contractors I know are now using mobile devices in the field to access customer and job details, submit time sheets, and share information. Entire building teams collaborate on projects like never before by using cloud-based platforms. And change management details are captured…


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