Summer 2025

Here’s a brief glance at what you’ll find in the Summer issue…

4 Major Payroll Challenges for Construction Companies

Payroll management isn’t easy in construction. While other types of businesses can compensate most groups of employees under one regular pay rate, construction companies must deal with many variables. This article reviews four major payroll challenges that contractors face: worker classification, overtime compliance, prevailing wage requirements, and variable pay rates. A sidebar looks at a recent employee misclassification case that resulted in a multimillion-dollar settlement.

Pondering the Possibility of Sale-Leaseback Financing

Construction business owners may encounter situations that require relatively quick access to cash. One possible solution is sale-leaseback financing, which involves selling an asset (usually construction equipment) and leasing it back from the buyer. This article explores the advantages and disadvantages of the strategy.

The Evolution of BIM: What Contractors Need to Know

Building information modeling (BIM) creates a multidimensional computer model of a project’s deliverables during preconstruction. All stakeholders can then use and update the model to refine the design and manage materials, costs, and scheduling. This article explains how BIM and its associated software have evolved, including the recent impact of artificial intelligence.

What Should You Do With a Stalled Project?

For contractors, having a project suddenly put on hold can be incredibly disappointing and disconcerting. Yet it happens all the time. The best defense is being thoroughly prepared for the eventuality. This article outlines three proactive steps to consider: assessing liability, securing the jobsite, and communicating with the owner.

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