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Contractors find new revenue stream…

Check out this video of John, a General Contractor who added a very lucrative income stream to his tool belt:

>>Learn More

John Smith (Yes, that’s his real name!) is one of hundreds of General Contractors suffering from Florida’s Real Estate Recession. Here’s John’s solution: He’s not sitting and waiting for the market to come back, he’s discovered a new source of income in his backyard that his competitors never dreamed about.

Recently John attended a Tax Defaulted Property auction where he bid and purchased a half acre vacant lot in a developed lake community subdivision for $1,960. Two days later, deed in hand he began marketing the property using new strategies he discovered. He advertised using the local Craigslist and put a few “ulgy” signs in the yard. He had 3 calls the very first night and in total had 23 calls over the next two weeks. In 14 days he sold the property for $4,997 – cash deal -On day 21 he received his profit check – After all expenses John made a profit of $2,580 – That’s over 100% PROFIT.
>>Learn More

Collaboration, Integration and Interoperability through The Cloud

Hey Everyone.  Check out this post from our friend James Benham w/SmartBidNet…it’s good stuff, as always:

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The evolution of technology in your office probably looked something like this: copy machine, fax machine, microwave-sized personal computer, inter-office email, bulletin board systems, really slow websites with lots of blue hyperlinks, loaf of bread-sized cell phones…until finally instant messaging, laptops, smart phones, printer/scanners and now the occasional tablet came to save the day. No one wants to remember the black screen and green letters – but it’s important to understand how far we’ve come.

Now what exactly made it possible for you to abandon that pager and flip back and forth between your Angry Birds app and this article on your smart phone? Internet? Laptops? Steve Jobs? What if I told you they were all a part of this term everyone is throwing around as if it’s brand new… The Cloud?

To start, let’s define that annoyingly ambiguous term. What is ‘The Cloud’? My best layman’s definition is:  An interconnected set of systems that distribute computing and separate the user interface from the core computing function, leaving the heavy lifting for a centralized server. So essentially, when a video you see on your screen is not, in fact, stored there in your computer, but managed remotely along with a whole set of data just like it, you are accessing that video from The Cloud. When someone says, Software as a Service, Application Service Provider, or Rich Internet Applications, you can safely substitute “cloud service” in your head. (Here’s another way to put it: http://sbn.cc/yXBMv8) In really plain English, The Cloud is when something is hosted and processed somewhere else. Back in the day we called it a mainframe, except today’s mainframes have far more computing power and the terminals are not so “dumb” any more.

Just so we can get this out of the way, I do not consider any client/server app deployed through Citrix, Remote Desktop or some other solution truly a cloud-based solution. Those type of solutions do not deliver the same type of flexibility in splitting processing up between the end user’s workstation and the server as a Rich Internet Application would provide, and they simply don’t have a good end user experience like a truly web-based solution would deliver. Cloud applications utilize both the power of the centralized server and the incredible power of the workstation, smart phone or web enabled device to deliver a much richer user experience than anything we previously thought possible.

You are probably now realizing that you already use many cloud applications, such as Microsoft Office Live 365 or Outlook Web Access. There are a plethora of free applications out there that will maximize efficiency and collaboration while minimizing storage space and maintenance needed on your own devices. For example, my company uses Google Docs, Ring Central, Google Sites for Intranet, Dropbox, and YouSendIt like they are going out of style. The ability to store files centrally in one remote location, share with anyone you want, and collaborate on those files in real-time without worrying about who has the latest copy is invaluable. Project management software like BasecampHQ allows us to add to document collaboration with task, scheduling, contact management, and communication capabilities that can bring multiple team members in various locations together in an online environment with all the data they need.

Then there are many ways to use cloud services for more personal productivity and organization purposes. Organize and display every aspect of individual or group travel with TripIt and share it with whoever needs to know where and when you’ll be. Media services such as iTunes Match, Amazon Prime, and Hulu Plus let you access your music, TV shows, movies, and favorite SNL skits from whatever wifi device is in your briefcase, without you having to store a single file on that device.

And let’s not forget about social networks, which form the most dynamic cloud of all. Distributing and storing information and connecting individuals with an unlimited number of other individuals around the world. The social media cloud can be put to use professionally as well, disseminating project updates, organizing project teams, sharing documents and photos, and putting a human powered search engine right at your finger tips. With 70% of daily mobile device use being social media, it is one of the best mediums to communicate with employees, clients, and prospects alike. Have a look at NBC’s “The Office” learning to utilize the social cloud: http://www.youtube.com/watch?v=8wfG8ngFvPk

 The cloud applications available for just construction professionals are just as plentiful. Google Earth (which exists both in the cloud and on your desktop) brings together maps, aerial/satellite/street level views, and navigation that can be combined with Google Sketchup (a desktop based application) for free estimating and markup on physical sites across the globe. Cloud Takeoff is the Google Docs of estimating software, allowing general contractors and subcontractors to access and perform takeoff on plan files simultaneously, while sharing takeoff data, notes and comments. Bid management applications allow general contractors to centralize prequalification, subcontractor databases, project documents, bids, and proposals in online portals where data is saved and stored remotely, so all users have 24/7 access to the most updated information on bid projects.

 “The Cloud” is not only revolutionizing applications and the way we access and distribute data, but is also reinventing the devices we use to do so. As local storage and processors become more and more insignificant and data is stored remotely, devices will adapt to shed storage space and boost cloud accessing capabilities. So far, the results are seen in Apple TV, tablets, Ultrabooks, lost Flash drives that stay lost and scratched CDs that can be thrown away without a second thought. Reducing the footprint of the local computing device is inevitable as the requirements on the desktop are minimized.

The convergence of all of these cloud platforms, applications, and devices has resulted in what we now call ‘augmented reality.’ For example, when GPS data, jobsite monitoring cameras, machinery feedback, worker communications, and 3D building plan models converge on the project manager’s tablet device, you get a real-world depiction of the jobsite, augmented by computer-generated sensory data – an ‘augmented reality’ unavailable before the cloud connected such varieties of data in one place.  Here’s one of the best and most impressive examples I’ve seen of current augmented reality capabilities in mobile apps: http://www.youtube.com/watch?v=5fZk0HaIs4s And here’s an example of augmented reality used in construction: http://www.youtube.com/watch?v=yiDnlhxs1os

The benefits of cloud computing capabilities far outweigh the dangers, but there are dangers. Data stored remotely can be out of sight, out of mind, but knowing exactly who and what is in charge of your data’s privacy and security and who is liable should either of those be breached is essential.  Any cloud computing service, whether using Google Docs free of charge or licensing a web-based management software, should be fully investigated prior to use. You should know the digital road map your data takes from your screen to wherever it is stored, who’s responsible for, and who has access to, your data along the way and how much administrative control you have should something go wrong.

 The cloud is all around us and has been for longer than most people realize. It’s only now that applications and devices are using it to its full potential to bring you data and services where you go through whatever technology you may have in your hands. The possibilities cloud technology offers for personal and professional collaboration, communication, and organization are only growing in number – anyone who isn’t utilizing these technologies yet should probably start sooner rather than later.

James Benham is the President of JB Knowledge Technologies, Inc., the makers of SmartBidNet, an industry leading bid invitation and management software for commercial construction general contractors. His company provides information technology solutions to companies around the world, specializing in the construction, insurance, and risk management industries.

Bet Your Construction Company CPA Didn’t Show You This Tax Credit

The following is a guest post by our friends at Maxim Consulting Group.

The Opportunity
The Research & Experimentation Tax Credit is an often overlooked opportunity in the construction industry.   Currently less than 5% of contractors are taking advantage of this particular tax credit. The reason so few firms take advantage of the credit is because it is widely misunderstood and the types of activities that qualify are also commonly misunderstood.  Many CPA’s are aware of the R&E credit, but it  is highly specialized area and changes in the tax code coupled with changes in common contractor delivery methods may mean your CPA has overlooked this opportunity. 

The confluence of two significant trends is enabling companies who previously did not qualify to now participate in the R&E tax credit program. The first trend is the increased utilization of previously non-traditional delivery methods such as Design Build, Design Assist, Integrated Project Delivery, and Public Private Partnerships (P3’s).  These delivery methods expose your company to additional risks and responsibilities which potentially qualifying your firm for the R&E tax credits.  The second factor is changes in the tax code that have expanded the number of industries and types of activities that qualify.   

Qualified Research Expenditures
The R&E Tax Credit is a federal tax credit of 6.5% on qualified research expenditures.  Many states also have matching credit programs.  Qualified research expenditures include wages, outside contract research, and supply costs.  The qualified expenses are typically incurred in the pursuit phase (especially on Design/Build & P3 projects) and may continue into the construction cycle.  Further, the credit applies to expenses incurred in both successful and unsuccessful project pursuits.  The first step is to determining which expenses qualify for inclusion in the credit calculations.  In order to qualify, expenditures must pass a four part test:

  • New or Improved Process - The expense must be incurred in pursuit of a new or improved product, process, formula, technique or invention that yields an improvement in function, performance, reliability, quality, or significant reduction in cost.  Virtually every construction project is undertaken to provide an outcome of an improved product or process.   
  • Technical in Nature – The activity must fundamentally rely on the principals of, engineering, physical or biological science, or computer science.  Products or activities that are predicated upon literary, historical or social sciences do not qualify for the R&E Tax Credit.  For contractors, this means the qualified wages and expenses are typically the pre-construction team and outside engineering support.
  • Elimination of Uncertainty - The activities must eliminate uncertainty at the onset of the project or activity. Uncertainty can relate to capability, method, or design.  The most common uncertainty contractor’s face is design uncertainty – meaning uncertainty if the proposed solution work.

Process of Experimentation - The activity must involve developing one or more hypotheses for specific design decisions, testing and analyzing those hypotheses, and refining and discarding the hypotheses.  There is almost always more than one way to solve specific design challenges.

Potential Qualified Activities:
There are a number of potentially qualified activities that contractors routinely engage in.  These include but may not be limited to:

 •  Design/Build
 •  Design Assist and Constructability Assessments
 •  BIM / ICD / IPD
 •  Preconstruction Departments
 •  Value Engineering
 •  Resolution of Data Issues
 •  Prefabrication
 •  Lean Process Improvements
 •  Software Development (Held for External Sale)
 •  Design of Temporary Structures Used in the Construction Process

Claiming the R&E Credit
The single biggest challenge to claiming the R&E Tax Credit is substantiating the qualified research expenditures.   While most firms use a project based accounting system which tracks project specific and operational costs, utilizing this information can be a challenge without in-depth knowledge of both construction accounting methods and R&E tax credit requirements.  Additionally, the IRS has selected the R&E credit as a “Tier One” issue which requires a more rigorous and intense test.  Capturing and documenting all of the applicable direct and indirect costs in the Information Document Request (IDR) is the difference between successfully maximizing the credit and failing to claim the credits you are entitled to. While the documentation requirements can be demanding, the solution is to employ the right process to capture the required information using specialists who are familiar with both the construction industry and tax law.  The process overview described below has been successfully utilized in the construction industry to claim and substantiate both federal and state R&E credits. 

R&E TAX CREDIT PROCESS OVERVIEW

    1. Preliminary Analysis of Credit and Benefit
         •   Evaluate tax situation to determine availability of credit
         •   Assess potential qualified activities to earn out credit
    2.
    Project Initiation and Information Gathering
         •   Collect tax information to establish estimated tax credit available
         •   Evaluate staff involved in qualified activities
    3.
    Kick-Off Planning Call
         •   Conduct call with key team participants
         •   Review work steps and scope of study 
         •   Discuss base period calculation 
         •   Extract data from project based accounting system
         •   Establish timeline and dates for deliverables
    4.
    Field Study
         •   Conduct technical interviews
         •   Document qualified projects and activity
         •   Establish business purpose statement and associated technical report requirements
         •   Establish business processes moving forward to simplify credit capture
    5.
    Technical Report & Amended Returns
         •   Develop comprehensive technical report
         •   Review draft findings and make necessary adjustments
         •   Finalize technical report to support credit claim
         •   Amend effected tax returns
         •   Receipt of Refunds
    About Maxim Consulting Group Maxim Consulting Group is a team of professionals dedicated specifically to the construction industry. Our mission of Building Better Builders is being realized through customized consulting products delivered by people with significant construction experience and tailored to fit your company’s needs.  From helping your firm in the R&E Tax arena to developing the strategic direction for your firm and operationalizing it at the field level, our goal is to help you become a more successful, profitable builder. As your trusted advisor, we will help you to unlock your business’ potential and maximize your company’s performance.

Easy Transition From Paper to Digital Blueprints

The following is a guest blog post by our friend, Phillip Ogilby – CEO of CloudTakeOff.

Cloud Takeoff Logo

 

 

 

This post contains useful info that will save you time and money on construction plans and estimating…we hope you enjoy Mr. Ogilby’s insightful advice.

“I can’t work from plans on screen because I need to be able to easily flip from page to page.”  I hear those words from construction estimators that I speak with on a regular basis. I have heard those words from contractors for years now, ever since starting iSqFt.com back in the late 90s. In those days my focus was general contractors, a majority of who told me that their subs wouldn’t adopt an online plan solution, primarily for that very reason.

In spite of all obstacles, what we all know now is that owners, and subsequently everyone else downstream, have found that they can easily reduce their construction cost by eliminating the printing bill. Architects have used CAD programs to design plans for years and it is easy for them to issue the plans in PDF or TIF format, and thereby push the printing bill downstream to the GC or the subcontractor who continues to resist the change.

Dual Monitors are not just for stock brokers!  The first thing that I suggest to people who are still printing plans for estimating, is to consider making the investment in dual or even three screens. For the cost of one big set of paper plans you can add a second monitor to your existing computer. With two screens you can easily open a schedule on one screen while viewing the floor plan on your primary screen. When you combine this setup with an easy to use software solution for performing your takeoffs on screen, you will be amazed at how your printing bill will drop!

The key thing to remember when buying additional monitors is to buy the highest screen resolution possible. The screen resolution determines how much of the plan you can see at any one time.

I often speak to people who have rushed out to their local Best Buy and invested in a 50” TV for their wall. While this can work fine for your conference room, it still isn’t ideal for taking off blueprints because the screen resolution is too low. Most high definition TVs are no more than 1900×1080 screen resolution. Look for a minimum screen resolution of 1900×1200 or greater and you will be able to see the whole plan at once and read the text on the plan without zooming in.  The largest monitor on the market today with this type of resolution will be in the 28” to 32” range when measured diagonally. Expect to pay anywhere from the mid-$300 range (1920×1200) to as much as $1,500 for an “ultra-high” resolution monitor (2560×1600). To learn more about how to setup dual screens follow this link for an instructional video. http://www.cloudtakeoff.com/monitors/

How to work with multiple pages open at once.  In recent years technology has advanced for the consumer to the point that we can now get email, open documents, take pictures, browse Facebook or surf the web from our phones.

With all these advances in technology why restrict yourself to viewing a single PDF blueprint file at a time?

That was my thought a few years ago when I first had the idea for Cloud Takeoff. If you still haven’t settled in on a solution that you like for performing digital blueprint takeoffs on screen check out our Cloud Takeoff program. With Cloud Takeoff we enable the user to view multiple plan pages at once as we display the plans in a single canvas. Zoom out to see several pages at once or zoom out further and you can see the whole plan set laid out in a big open canvas. You can choose to open multiple occurrences of Cloud Takeoff and put one on your primary screen and another on your secondary monitor. 

You can also work from anywhere that you have a connection to the Internet on a MAC or PC. Share or distribute your plans to subs, suppliers, vendors or anyone you wish for free, using Cloud Takeoff.

To learn more or sign up for a free trial visit us at http://www.cloudtakeoff.com

Introducing…BizMail!

Bizmail AdWe recently tested BizMail to a select group of construction companies, and we are pleased to report that the positive response has been HUGE!

…and now this revolutionary service is available to all active Members of jobsite123.

The short description of BizMail is…it saves you time and money by more easily getting your company’s product or service message to the exact audience you want to reach.

 

All you have to do is search for your target audience, filter the list as desired – then, just click to send your message. 

> No more time spent researching multiple company listing sites.
> This is a single-source service within jobsite123.com.
> Deliverability is 100%. 

Just incase you missed the BizMail Webinar that we did recently, you can checkout  the recorded version by following this link: 
http://www.screencast.com/t/jcIq2khiW

To get started or just get more info about BizMail, contact Noel at 954.513.4501.  You can also reach Noel by email at noel@jobsite123.com.  He’s a nice guy…you’ll like talking with him!

Subcontractor Webinar: How To Get More Projects by Getting The Attention of More GCs

This is a free webinar (Yep…no strings attached!) for subcontractors to learn from two of the industry’s leading technology CEOs how to create a useful presence for their companies on the internet. James Benham of SmartBidNet and Coty Fournier of jobsite123 will be your hosts. They will be sharing the competitive advantages available to subcontractors that know how to leverage the internet to attract more clients and project opportunities.  You will learn what GCs want to know about your company before they contact you, how to make your company’s most marketable information easily found on the web by GCs – and how to quickly create an online referral network that drives leads to your door.  All in less than an hour!

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This LIVE webinar is available on the following dates/times:

Tuesday, February 28, 2012 at 10am EST

Wednesday, February 29, 2012 at 2pm EST

Thursday, March 15, 2012 at 4pm EST

Back on November 11, 2011, jobsite123 and SmartBidNet joined forces to allow all of SmartBidNet’s General Contractor users to access jobsite123’s database of hundreds of thousands of Subcontractor profiles.  jobsite123’s detailed profiles, complete with project history, client performance ratings, bonding capacity, insurance coverage, and more, sync with SmartBidNet daily to provide this information to its General Contractor users that desire easy access to the jobsite123 database for the purpose of prequalification and bid invitation.

Subcontractors that create and regularly update their free jobsite123 profile are putting their information in front of the biggest General Contractors in the United States using SmartBidNet.  jobsite123’s profiles are also searchable within jobsite123.com – as well as directly found when buyers are searching for resources using Google, Yahoo or Bing.

Just click to register on one of the above date/time links, and James and Coty will show you the secret sauce your construction business has been craving.  See ya online!

Building Permits Anywhere in the U.S.

chief content officer craig noble
Craig Noble
 

New Tool for Contractors…

You know the drill, you get a new project and then the heavy lifting starts: get electric, phone, water to the trailer and get through the building permit process. What a pain. You start by going to Google to search for The City of Anytown Building Department, and then try to navigate your way around their website to find the permit, plan review or inspection information you need. Plus, you usually need site fencing, dumpster service and temporary toilets too, so mobilizing can get to be pretty time consuming.

Announcing: jobsite123.com Fast-Track-Permit(tm)

This is SmartPhone-Friendly tool that allows you to find the building department information for any given project location. 

And coming soon… we’ll be including Equipment Rental Resources and other Location-Specific Suppliers and Services to help you to more easily mobilize your jobsite anywhere in the U.S.

Give it a test drive today: Fast-Track-Permit(tm) 

Interested in your company logo appearing on these highly visited building department pages in specific states, counties or cities?  Contact Noel at 954.513.4503

RedTeam and Jobsite123 to Provide RedTeam Users Instant Access to Subcontractor and Vendor Qualifications Nationwide

Orlando, FL (via PRWEB)

RedTeam Software has announced plans to establish connectivity with jobsite123.com – the U.S. Commercial Construction Industry’s leading database of user-maintained contractor and supplier qualification profiles.  RedTeam is a social utility that connects construction managers, general contractors, subcontractors and other project stakeholders working together on construction projects. 

RedTeam LOGOProject team members use RedTeam to communicate and collaborate, by creating and sharing contract documents, posting updates, uploading unlimited photos and monitoring project cost and performance in real time.

RedTeam offers free entry-level services that include a variety of productivity tools for construction, such as: online planrooms, team contacts, team collaboration, progress billing and reporting and unlimited uploading of jobsite photos. Users upgrade to RedTeam Enterprise for additional features that support the entire project lifecycle; beginning with opportunity tracking and bidding, as well as contracting, financial management, performance management, correspondence, job costing and document control.

Michael Wright, CEO of RedTeam Software said, “Connectivity with jobsite123.com will make it faster and easier to connect with subcontractors and vendors, particularly in new markets and territories. Instant access to subcontractor and vendor qualifications from within RedTeam will help contractors reduce risk and streamline current projects, resulting in competitive coverage for bidding opportunities in their pipelines.”

jobsite123 CEO, Coty Fournier added, “RedTeam’s social media interface and project communication accelerators compliment jobsite123’s value proposition. And, with more than 100 general contractors using RedTeam, our users now have additional incentives to maintain a complete profile inside our powerful search engine. Furthermore, our connectivity will save RedTeam users time and money by eliminating the frustration of redundant data entry. When a company edits their profile in jobsite123.com their changes will be automatically updated in RedTeam Software.”

RedTeam’s connectivity with jobsite123.com is scheduled to go live in September 2011, and will be provided to all RedTeam users, including users of free RedTeam Expert.

RedTeam Software offers a unique set of online project management and collaboration tools for construction managers, general contractors and subcontractors – including the first social media platform designed to organize, document and control project workflow. RedTeam Software incorporates process-centric views of critical project information, enabling project teams to achieve breakthrough levels of speed, efficiency and effectiveness. To learn more, visit RedTeamSoftware.com.

jobsite123.com is the largest search and qualify engine for the U.S. commercial construction industry. It is an instant prequalification tool for project owners, facilities managers and construction managers, while doubling as a powerful marketing tool for general contractors, specialty contractors, material suppliers, manufacturers and other professional companies that service the industry. To learn more, visit jobsite123.com or follow on Twitter @jobsite123.

Construction Leads and Employment Opportunities in jobsite123.com

chief content officer craig noble
Craig Noble

Because I get the following question from time to time, I thought I’d just post the Q&A here for all of you to read and share.

The question asked is usually something like this…
“Hey Craig, your homepage says that jobsite123 is the vibrant ecosphere for the commercial construction and design industry. What do you mean by ‘vibrant ecosphere’ “?

And my answer is usually something like this…
” ‘Vibrant’ refers to the depth and helpfulness of the information found in the company profiles, which provide clients and prospects with the exact information needed to maintain the business relationship – or get it started.”

” ‘Ecosphere’ refers to the growing number of companies (currently over 200K throughout the U.S.) that work in and around  the commercial construction industry (including contractors, architects, engineers, suppliers, corporate support) that are choosing to market their project experience, client ratings and other qualifications – and find project/employment opportunities – in the industry’s largest and most highly visited online community – jobsite123.com.”

And just in case you need a little more info as to why the above makes jobsite123 come-off like the authority for commerical construction and design companies go-to for online marketing, projects and employment…click here to check out this traffic milestone we recently hit.

I hope this helps to clarify what we do for you…’cause it’s as simple as that, Y’all!

Web Traffic Elite Now Includes jobsite123.com

chief content officer craig noble
Craig Noble

Pssst!

Hey, Fella…

Did you know?

 

 

> There are tens of millions of websites that are LIVE on the web.

> A tiny fraction of all the websites that exist get the majority of online visitors (traffic).

> Most websites do not get any traffic at all.

> jobsite123.com launched in August 2009 (that’s just two years ago for those of you that are counting).

> Number of jobsite123 Profiles in August 2009…Zero. 

> Number of jobsite123 Profiles in August 2011…Over 200,000.

> As of August 2011, jobsite123’s traffic rank is among the top 100,000 most highly visited websites in the world.

> That puts jobsite123’s traffic in the top .32% of all websites.

> Complete jobsite123 Profiles currently attract thousands of views (business opportunities) each month.

 

So if you were to ask me, “Should I create a Profile for my Architecture, Engineering or Construction Company in jobsite123?”.

I might respond, “Not if your website’s traffic is ranked higher than jobsite123 and already attracts thousands of visitors from your target market every month”.

Listen, I’m not saying drop your website.  If you want to keep it, just link your website to your jobsite123 Profile where you can maintain your Company’s curent project experience, client ratings, awards, etc. without paying webmasters or hosting fees.

Kinda seems like a no-brainer when you think of it like that, huh?