Weigh risk factors before splitting up contracts | Cybersecurity tips for new small businesses | Exploring new cash management options
October 16, 2017
SpecCon's SmartBrief
News targeted for specialty contractors
Growing Your Business
Weigh risk factors before splitting up contracts
Splitting up contracts to subcontract with multiple specialty companies is one way to avoid costly delays. But the practice entails different risks that Kim Slowey explores while offering tips to determine whether splits are a good idea in different situations.
Construction Dive (10/12) 
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Cybersecurity tips for new small businesses
New small businesses aren't immune from cyberthreats, making it imperative for bosses to begin cybersecurity protection efforts from the start. Among the tips to consider: Train staff in cybersecurity, keep outside devices to a minimum, install a firewall and institute a password policy.
Business 2 Community (10/6) 
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Exploring new cash management options
Supply chain finance enables buyers to conserve the amount of cash they have on hand while suppliers can get paid more rapidly, with the tradeoff of a modest discount, writes Phil Bartolini. SCF is one of several "extended financial value" platforms that businesses are considering to maximize efficiency in the accounts payable area.
CPO Rising (10/4) 
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New Bluebeam Revu 2017
Bluebeam Revu is the digital workflow and collaboration solution trusted by +1 million AEC professionals worldwide. Revu 2017 delivers enhanced PDF-based takeoff & workflow automation tools that span the entire project lifecycle. Download a trial
Regulations to Watch
Trump tax-cut proposal for small construction businesses is unclear
A tax-overhaul plan outlined by President Donald Trump likely would lower taxes for most small construction companies, industry experts say. The current proposal offers few details, however, so the potential effects on the construction industry remain unclear, observers say.
Engineering News-Record (10/4) 
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Tech You Need to Know About
Safety tech, tools could reduce accidents in construction
Safety tech, tools could reduce accidents in construction
(Justin Tallis/AFP/Getty Images)
Safety technology, cameras, monitors, harnesses and other equipment can help reduce fall incidents on construction sites. However, company owners must be willing to invest in the tools, train workers to use them and enforce safety policies.
Business Insurance (tiered subscription model) (10/11) 
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Make Jobs Just More Convenient
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    Safety Updates & Procedures
    Construction companies prepare for winter challenges
    Construction companies prepare for winter challenges
    (Odd Andersen/AFP/Getty Images)
    Safety is the top priority for construction firms as winter approaches, and Kim Slowey looks at some ways companies protect their workers. Construction industry professionals say bad weather needs to be integrated into the construction schedule, so planning is the key.
    Construction Dive (10/10) 
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    Training & Retaining Crews
    Petrochemical projects offer lessons in construction, hiring
    With major US petrochemical projects nearing completion, companies are looking at ways to improve the construction, engineering and hiring aspects of such efforts for the next wave of investment. In one example, Turner Industries was able to find certified employees more effectively through a job-hiring app.
    Petrochemical Update (UK) (10/6) 
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    The right way to manage your people
    For some companies, finding talented workers who can make real contributions to the business is more difficult than accessing capital, writes Rafi Chowdhury. Businesses can improve their personnel-management processes by measuring the proper metrics, monitoring worker productivity and giving employees the chance to move into more advanced roles.
    Startup Grind (10/10) 
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    The Economy
    Construction sector adds 8K jobs in Sept.
    Nonfarm payrolls decreased by 33,000 in September, below economists' average expectations, in part because of disruptions from hurricanes, according to data from the Bureau of Labor Statistics. The construction sector added 8,000 jobs, and the unemployment rate fell from 4.4% to 4.2%. Downward revisions to the July report subtracted 51,000 jobs.
    Bloomberg (free registration) (10/6),  MarketWatch (10/6) 
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    AGC News
    Better benefits with AGC's private insurance exchange -- get a quote!
    The AGC Alternative can help your company build a better benefits package -- one that benefits you and your employees. Take control of rising health care costs with a defined contribution strategy, and give employees more choice and flexibility. To learn more or to request a quote, visit AGC's website or call 1-800-210-5290.
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