BuildBinder Blog

Best Ways to Overcome the Challenges of Construction Projects

Monday, 10 April 2017

Partial view of an old Chess board with Pewter chess pieces.

In a broad sense, construction is the mastery of creating space—be it for work, for play or all of the above. These spaces come to life through research, planning, design and implementation, and just as with any project, there can be challenges. After all, there’s machinery, materials, and equipment to worry about. Then, there’s reporting, payments, policies and software to attend to. The entire lifecycle of a construction project has its complexities, and the most common challenges can be avoided with accurate planning and good systems in place. Take the following into consideration:

How to learn from failed goals

Thursday, 06 April 2017

Every company has its mistakes. After all, they are entities run by humans. Although it might sound cliché, failure is a human trait that helps us learn. However, there might come times when instead of pausing and reflecting upon failure, companies keep doing the exact same things expecting to get different results. And according to Albert Einstein, that is the very definition of insanity. In this article, we talk about how valuable it is to pause and reflect after every project, even if it was a successful one.

Why auditing your own business is a good idea

Monday, 27 March 2017

According to the Association of Certified Fraud Examiners (ACFE) the Construction Industry suffers only 3.9% of the fraud schemes in the United States. However, the industry holds one of the highest median amounts per fraud: $259,000. The great number of contractors, consultants, partners and employees make it difficult to keep things in check. But not all is lost, if you regularly audit your own company, you can avoid fraud and save millions in the process. Here are a few pointers on how to achieve this.

What to look for when hiring new CXOs for your company

Monday, 03 April 2017

Whether you are a mature company or a growing one, choosing the right people to fill your company's CXOs positions is of the utmost importance. They will be in charge of guiding the ship to port, and if they are not aligned with the company's vision and values, then trouble will come knocking on your door. There are certain traits and skills you should look for in recruits. Learn more about them in this article.

How to keep your sales pipeline full

Thursday, 23 March 2017

Some construction companies are too busy trying to deliver quality work. Although that is not only understandable but also highly recommendable, construction companies also need to make room for sales. Here are a few tips on how to keep your sales pipeline busy without neglecting your core service.

Check state laws before starting business there

Thursday, 30 March 2017

Each state has its own laws, which in turn, governs the way construction companies can do business. There have been cases in which companies break ground or sign a contract without taking into consideration possible licenses, fees and requirements that they may require. So, before you fall into costly fees or penalties, evaluate the state's laws before doing business there. Learn more here.

Adopt Lean Construction as your Business Strategy

Monday, 20 March 2017

It's well known that the construction industry is facing a labor gap. Although there are ways to transform this phenomenon, it is, after all, a long-term strategy that involves industry-wide efforts. You can also adopt other methods that will help you optimize existing resources for a better and faster outcome. Enter lean construction. Learn more here.

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