Tag Archives: construction

CONSTRUCTION AHEAD: OPPORTUNITIES AND CHALLENGES IN 2022

The Infrastructure Investment and Jobs Act (H.R. 3684) will inject approximately $3 trillion into upgrading and expanding U.S. infrastructure, presenting a long horizon of opportunity for the construction industry. But to what extent will ongoing supply chain disruption, labor shortages and competition for materials continue to pose challenges for developers and project owners? Investors, project Read More…

THE GREAT EXPERIMENT: REMOTE WORK AND THE NEW REALITY OF REAL ESTATE

There’s no question the global pandemic of 2020 quickened trends of the future that were hitting the wall of the present: Employers resistant to allowing employees to work remotely suddenly had no choice as localities enacted mandatory stay-at-home measures. Businesses migrated to remote work on an unprecedented scale – a great experiment, the ripple effects of which are many for real estate.  As parts of the business world adjust to working from home, some are finding multi-year office Read More…

USE TECHNOLOGY TO CONTROL COSTS IN YOUR CONSTRUCTION BUSINESS

Controlling overhead costs is critical for all construction managers. Increased competition and slim profit margins have forced contractors to take a hard look at overhead cost management.  Budgeting and variance analysis Technological changes have made budgeting systems, planning, and control techniques available to all contractors. Budgeting allows contractors to evaluate current operations, assess future costs, Read More…

GASB SIMPLIFIES ACCOUNTING FOR CAPITALIZED INTEREST

The Governmental Accounting Standards Board (GASB) Statement No. 89 (Statement), Accounting for Interest Cost Incurred before the End of a Construction Period, which is effective for reporting periods beginning after Dec. 15, 2019, brings a welcome relief to state and local governments by eliminating complex capitalized interest calculations. Under this Statement, for financial statements prepared using Read More…