Thank you

Thank you to everyone who attended our school! We just wrapped up our first school in over 10 years, and it was a success! We received a lot of positive feedback from the attendees. Our clients left the School excited at the prospect of trying out features they didn’t know CSSI had, that will directly impact their day to day job duties. Furthermore, it was great to see our customers collaborate with each other, discussing solutions to specific scenarios and sharing tools that may be useful to one another. We are looking forward to our future classes where we will investigate incorporating webinars in order to make the school more accessible and easier to fit into your busy schedule.   

News Articles

Five Steps to Improve Construction Ethics 

“The culture of any organization is shaped by the worst behavior the leader is willing to tolerate.” In this quote from their 2015 book “School Culture Rewired,” educators Steve Gruenert and Todd Whitaker captured the challenge of maintaining high ethics in any business organization. The Gruenert/Whitaker principle most certainly applies to construction companies. Simply put, the ethical reputation of a construction company, while it is a reflection of actions carried out at all levels of the organization, starts at the top. When it comes to ethical behavior, company leadership must set the example. 

Ethical challenges in the construction industry are multi-faceted, ranging from the need for fair and open estimating and bidding before the job starts to quality work performance in the field without taking shortcuts. Rework is costly, in labor and materials. Doing the job right the first time, in fact, is probably the top ethical priority for any construction company. 

 

Slow Pay Adds $40 Billion a Year to Construction Industry Cost

LLC vs Corporation

In its Construction Payment Report 2018, construction loan software provider Contract Simply revealed that late payments from customers cost the commercial construction industry $40 billion annually. This represents an add-on to total project costs of 3.3%. The study, conducted in partnership with bid procurement platform Building Connected and covering 1,300 respondents from a variety of trades, found that 88% of contractors wait longer than 30 days for payment and that 46% cover the gap with business or personal savings and credit lines, which result in extra financing fees. More than 80% of those contractors surveyed have filed mechanics' liens against a project in order to ensure they get the money owed to them, incurring unplanned legal expenses. Late payments to subcontractors also prohibit them from meeting their own payroll and invoice payment obligations