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Commercial construction contracts can be overwhelming for many subcontractors, but it's incredibly important that you know what to look for before signing on the dotted line. In some cases, a contract may not be favorable to the subcontractor should something happen during the project. You need to know how to properly navigate them so you can ensure you're protected throughout the duration of a project. On this week's episode of the Built with Billd podcast, Russ Briscoe sat down with Drew Boyd, Founder and CEO of Jefferson Maxey Consulting to talk about the three biggest things that subcontractors need to be on the lookout for in every contract.  This is an episode you're not going to want to miss! --- Connect with Drew on Linkedin: https://www.linkedin.com/in/mrdrewboyd/ Connect with Russ on Linkedin: https://www.linkedin.com/in/russelljohnbriscoe/ ---  Follow us at https://linktr.ee/billd to stay up to date on the latest and greatest news in commercial construction ---  If you'd like to be featured on an upcoming show, please reach out to us at [email protected].

On Tuesday, the S&P 500 fell into a bear market with stocks falling more 20% Monday and Tuesday.  At the same time, the 30-year fixed mortgage crossed 6% for the first time since 2008, sending mortgage applications to a 22-year low. The idea of a recession is getting stronger and stronger, but construction stocks are showing strong strength throughout this time. Could construction stocks be a safe bet for investors to shed some risk? Listen to this week's Walkthrough Wednesday to find out. --- Construction Dive: https://www.constructiondive.com/news/commercial-construction-bear-market-good-stocks/625516/ Construction Dive: https://www.constructiondive.com/news/abc-chief-economist-anirban-basu-recession-later-this-year-or-2023/625578/ AGC Data Digest: https://constructioncitizen.com/blog/agc-data-digest-june-6-14-2022/2206151 --- Follow us at https://linktr.ee/billd to stay up to date on the latest and great news in commercial construction --- If you have a burning question that you would like answered on the show, send us an email at '[email protected]'

According to the Bureau of Labor Statistics, 36,000 new employees put on hard hats and reported to job sites in May. However, that didn't come close to filling the 494,000 construction jobs that were open at the end of April. Finding skilled labor is still a major problem for the construction industry despite hourly wages rising 6.4% year over year. So, how do we attract more workers to join the workforce?  Listen to this week's Walkthrough Wednesday to find out. --- Source: https://www.constructiondive.com/news/high-pay-attracts-workers-construction-jobs-employment-gap-widens/625218/ Source: https://constructioncitizen.com/blogs/ken-simonson --- Follow us at https://linktr.ee/billd to stay up to date on the latest and greatest news in commercial construction. Have a burning question that you would like answered on the show? Contact us at [email protected] for a chance to be featured on next week's episode.

Recession...not inevitable?  According to economists, the U.S. economy is not headed towards a recession even though the Federal Reserve, aiming to squash the highest inflation in 40 years, has raised interest rates at the fastest pace since the 1990s. However, despite these increased interest rates, there is plenty of extra cash to help consumers through thick and thin.  "Businesses are in great financial shape and they have never been so profitable." - Mark Zandi, Chief Economist at Moody's Analytics. Tune in to this week's episode of Walkthrough Wednesday to hear Russ Briscoes take on this important subject! --- Sources: https://www.constructiondive.com/news/recession-not-inevitable-moodys-says/624919/ https://constructioncitizen.com/blog/agc-data-digest-may-27-june-3-2022/2206061 --- Follow us on social media at https://linktr.ee/billd If you have questions/comments/concerns about today's episode, please reach out to us at [email protected]  

On this week's episode of the Built with Billd podcast, Chris Doyle sat down with Susan Tanski, Co-founder and VP of Strategy at Sunstone Credit to talk about why - and how - small businesses should transition into solar-powered energy. Sunstone Credit provides flexible financing solutions for businesses of all sizes, offering solar loans with borrower-friendly terms. They help businesses save money and reduce their carbon footprint by going solar.  --- Check out Sunstone Credit on Linkedin  Follow us on social media at linktr.ee/billd --- If you have questions/comments/concerns, reach out to [email protected]      

Vietnamese contractor Hoa Binh Construction has its eyes set on the American construction industry and they have ambitious goals to follow. The company has a goal to increase its annual profits to $20 billion by the end of 2032. How are they planning to do that?  For starters, they are looking at acquiring a number of large firms across United States and Canada. Listen to this week's Walkthrough Wednesday to learn more about this story. --- Article: https://www.constructiondive.com/news/vietnam-based-contractor-enters-us-canadian-markets-with-lofty-goals/624176/ AGC Data Digest: https://constructioncitizen.com/blog/agc-data-digest-may-10-19-2022/2205231 Follow us on social: https://linktr.ee/billd --- If you have questions or comments about this week's episode, please reach out to us at [email protected]

According to Construction Executive, 2021 was the sixth warmest year on record with the average global surface temperature 1.5°F warmer over the 20th-century baselines. Rising temperatures can have a massive impact on the construction industry due to a phenomenon called the “urban heat island effect”. Cities and urbanized areas become much warmer during the summer because materials used for roads, buildings, sidewalks, etc.. absorb a lot of heat. These materials then constantly release heat back into the air — thus increasing the air temperature.  That creates an extremely hot working environment for construction workers in metropolitan cities. So, what solutions do we have to protect our workers and reduce the impact of heat on getting work completed? Tune into this week's episode of Walkthrough Wednesday to find out. --- Construction Executive: https://www.constructionexec.com/article/the-heat-is-on Follow us at https://linktr.ee/billd to stay up to date on the latest and greatest news in commercial construction --- If you have questions or comments about this week's episode, please reach out to us at [email protected]

In this week's episode of the Built with Billd podcast, Ken Simonson joins Russ Briscoe to talk about the current and future state of the construction industry.  Ken Simonson is the Chief Economist with The Associated General Contractors of America. He also puts out a weekly newsletter breaking down the most important data around construction starts, employment, and spending so you can stay up to date on everything that's happening in the industry. Ken is an incredibly smart and well-informed mind in the construction space and is the perfect person to speak on the current and future state of the industry. We hope you enjoy! --- AGC Data Digest: https://constructioncitizen.com/blogs/ken-simonson AGC: https://www.agc.org/ Follow us on social media: https://linktr.ee/billd --- If you have questions or comments about this week's episode, please reach out to us at [email protected]

As demand for multi-family construction begins to BOOM, you need to stay ahead of pricing and supply chain challenges so you aren't caught off guard next time you start a project. In this episode of Walkthrough Wednesday, we talk about the five things you can do to ensure you're protected next time you need to order materials for a project. "If builders don’t have processes in place to navigate recent price hikes and supply chain challenges, then a project can sink as black turns to red on the balance sheet." - Ripley Bickerstaff, Director of Business Development, Hoar Construction.  -----  Follow us at https://linktr.ee/billd to stay up to date on the latest and greatest news in commercial construction. Construction Dive article: https://www.constructiondive.com/news/as-demand-soars-apartment-builders-battle-supply-chain-woes/622443/ AGC Data Digest May 2 - 9: https://constructioncitizen.com/blog/agc-data-digest-may-2-9-2022/2205091 -----  If you have questions or comments about this week's episode, please reach out to us at [email protected].

In this week's episode of Walkthrough Wednesday, we take a look at the hot and cold data presented in the AGC Data Digest, reach our hands into the viper-infested mailbag, and learn how robots are revolutionizing the modular building industry. Follow us at https://linktr.ee/billd to stay up-to-date on the latest and greatest news in commercial construction. ---  AGC Data Digest: https://constructioncitizen.com/blog/agc-data-digest-april-25-29-2022/2205021 Construction Dive article: https://www.constructiondive.com/news/robots-can-revolutionize-the-modular-building-industry/622796/ --- If you have questions or comments about this week's episode, please reach out to [email protected].

In this week's episode of the Built with Billd podcast, Chris Doyle sat down with Sid Haksar, Head of Construction Strategy at Autodesk to talk about how technology is helping to level the playing field for subcontractors.  Subcontractors face a lot of challenges around material shortages, pricing volatility, and supply chain delays. Luckily, technology solutions are emerging that will help streamline and combat some of these challenges. Check out the full conversation to learn more! --------- Follow us at https://linktr.ee/billd to stay up to date on the latest and greatest news in commercial construction. To learn more about Autodesk: https://autodesk.com If you have questions or comments, please reach out to [email protected].   

In this week's episode of Walkthrough Wednesday, we dive right into the AGC Data Digest from Ken Simonson, pry open the infamous mail bag, and talk about a few items that may put a further strain on supply chain recovery. All of this and more that you don't want to miss. Follow us at https://linktr.ee/billd to stay up-to-date on the latest news in commercial construction. Today's article: https://www.constructiondive.com/news/economic-headwinds-threaten-constructions-spring-recovery/622188/