As we approach year-end, we look at what lies ahead in the construction industry. The following are several trends the industry is discussing.
Technology is at the forefront of the industry, which is increasingly adopting everything from virtual design and visualization to building information modeling (BIM). Virtual design and visualization involve using virtual environments to engineer and visualize the construction of Continue Reading...
Influencer marketing is not just for the fashion, beauty, and lifestyle industries. It’s also an innovative way to promote a construction firm’s services and completed work.
Influencer marketing in construction involves contractors, builders, architects, and engineers who have built a significant social media presence sharing their expertise, projects, or product recommendations. These influencers can effectively promote construction projects, products, and services to Continue Reading...
The residential construction market is poised for growth heading into 2025, at an increased rate of 3.4%. According to Statista, the demand for new home builds is driven by population growth, urbanization, and changing demographics. In addition, various government incentives, including affordable housing programs and tax incentives, continue to support residential construction.
In projections from Continue Reading...
In 2023, California passed a law requiring all licensed contractors to carry Workers’ Compensation insurance – even if they don’t have employees. The bill, SB 216, which was signed into law in the fall of 2022, is being implemented in phases over three years and will require all licensed contractors to carry Workers’ Compensation insurance by January 2026.
According to the California Contractors State Licensing Board (CSLB), the updated Workers’ Continue Reading...
In most states, contractors are required to carry General Liability and Workers’ Compensation insurance to conduct business.
A General Liability policy protects you against losses from third-party bodily injury, property damage, and other claims. For example, let’s say a visitor where you are working slips and falls on an electrical wire that one of your workers left. The visitor fractures his shoulder and hand, requiring surgery. General Liability insurance will Continue Reading...