COVID-19 and the Construction Industry

Here's How You Can Protect Your Business

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Resources

  1. Installation Guideline Tips For TPO

    Thermoplastic polyolefin (TPO) is the fastest-growing segment of the commercial roofing industry. These membranes are used for mechanically attached, adhered, and induction welded roofing systems. Manufacturers continue to work on improving the formulations of their products for the best possible performance in our industry. Still, the essential component of TPO’s long-term performance is proper TPO installation techniques by Roofing Contractors. Hot-air welding of the seams was identified by manufacturers as the practice where most significant…

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  2. Calculating Gross Profit and Developing Your Selling Strategy

    In Part I, we discussed how the estimating process begins with a comprehensive understanding of your project’s scope of work and a knowledgeable and well-trained estimating following solid processes and procedures that must be implemented into your Estimating Department.  In Part II, we covered how to gather your costs, properly mark up your estimate, and develop a consistent and dependable review process. In this last section, we will learn how to apply gross profit margins…

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  3. Assemble Costs, Mark Ups and Establish A Review Process

    In Part I of the estimating series, we discussed how the estimating process begins with a comprehensive understanding of your project’s scope of work and knowledgeable and well-trained estimators following solid processes and procedures that must be implemented into your Estimating Department. In this segment, we will cover how to gather your costs, properly mark up your estimate, and developing a trustworthy review process. Stage 3 – Assembling Your Cost Data Every item in your estimate…

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  4. Review and Validate Your Estimating Process

    The estimating process begins with a comprehensive understanding of your project’s scope of work. Whether it is scope prepared by an owner’s designer or your own companies’ scope recommendation, your estimating team must be able to visualize and mentally build the project, starting with the site mobilization through project completion. This estimating skill is best developed by having hands-on experience in the field, which gives you a better insight of means and methods, materials, labor…

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  5. Safeguard Your Accounts Receivable to Survive the COVID-19 Crisis

    As of this morning, another 6.6 million workers have filed for unemployment, with millions more that are still waiting to register. Even though the NBER has not officially called a recession because they wait for the official GDP numbers, we are in one. There is no doubt about that; the only question is how long it will last. The answer to that is, no one knows. We have never in history had an economy come…

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  6. Restructure Your Payment Terms to Survive the COVID-19 Crisis

    There has never been a more critical time in recent history to safeguard your company’s cash reserves. Besides the obvious solution of collecting money owed, it is time to proactively negotiate and restructure your payment terms for your projects and services. As shelter in place orders continue to come down from officials, so are the orders to close down construction sites. New York State is the most recent to close down all construction except for…

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  7. Preparation for the Job Site Mandated Shutdowns due to COVID-19

    On Tuesday, Boston became the first major city to shut down all construction activities altogether, and the San Francisco Bay Area also declared a shelter in place order, which has effects on construction as well, though not to the extent of the Boston directive. Many more shelter in place orders and complete construction shutdowns are happening daily and expected since we are just in the beginning stages of the consequences from the outbreak. So what…

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  8. Be Prepared for the Coronvirus’ (COVID-19) Effects on Construction

    The experts are predicting the Coronavirus (COVID-19) will have long-term ramifications for many aspects of the U.S. construction industry. Like all predictions, we will not see the actual effects until after the event passes. As leaders of construction companies, your employees are looking to you for guidance throughout this latest crisis. It is prudent to be prepared and have a strategic plan in place for the remainder of the year to identify and overcome the…

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  9. Factory Mutual recently made changes that updated the Loss Prevention Data Sheets

    Factory Mutual recently made changes that updated the Loss Prevention Data Sheets as it pertains to Roofing Industry. The following are some of the most important changes: FM 1-9 (Roof Anchorage for Older, Wood-Roofed Buildings) Changed the title to Roof Anchorage for Older, Wood-Roofed Building (from Roof Anchorage) Revised the scope of the document to apply only to older, wood roofed buildings (new construction follows guidance from DS 1-28) Deleted sections now addressed in 1-28…

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