Business management topics related to Bridge Masters, Inc. and the bridge and infrastructure industries.
According to the Federal Highway Administration (FHWA), of the more than 617,000 bridges across the United States, about 46,000 are in poor or structurally deficient condition. To remedy this dangerous situation, Congress and the Biden administration have earmarked significant additional funding to maintain and repair old structures and build new ones through the Infrastructure Investment […]
The last two years of record-high inflation have significantly impacted bridge maintenance and construction businesses. Even with the enormous infusion of cash from the recent infrastructure bill, many companies find it challenging to stay profitable because of rising costs. This article will examine inflation’s effect on bridge-related businesses and what they can do to limit […]
Inflation isn’t just increasing the cost of everyday essentials. It’s also raising prices on most things that businesses in the bridge inspection, maintenance, and construction industries need to get the job done. It’s one thing when the price of your favorite brand of chips goes up. It’s another when the costs of steel, asphalt, fuel, […]
Lessons learned from the country’s best bridge infrastructure programs. The poor condition of bridges in many parts of the United States has repeatedly been in the news lately. Recent negotiations over an infrastructure bill in Washington has made more people aware of how many bridges are structurally deficient or otherwise compromised. There are many issues […]
Want to improve your financial position now and in the new year? Most owners of businesses that do bridge and road work would say “Yes!” after the challenging year that most have just experienced. Why not take advantage of the tax strategies available to businesses like yours that could help limit the taxes you pay […]
Did you know: Across the United States and all over the globe, there are moratoriums that prevent bridge and road developers from doing the work they need to get jobs done? For example, in the Mission Bay area of San Diego, bridge construction work is not allowed from Memorial Day to Labor Day. There’s nothing […]
The end of the year is fast approaching. The economy is performing at its peak, and it’s beginning to seem more likely that government spending on bridges, roads, and other infrastructure could increase starting in 2019. This may have you thinking about what you can do to grow your bridge-related business in the year ahead. […]
Are you planning to attend, speak at, or sponsor a booth at a bridge, highway, or construction industry conference? Of course, you’ll want to make the most of your investment in time and money by doing all you can to make new connections with potential clients, partners, and suppliers while also improving your current bridge […]
From relatively small issues like bad weather, missed payments, or late deliveries to big problems like accidents on job sites or structural failures, people who do inspection, maintenance, and construction work on bridges face an extraordinary number of risks every day. Let’s take a look at the most common risks and the steps you can […]
Companies and municipal agencies often question the value of offering training to employees. Developing (or purchasing) and delivering educational programs and materials can be time consuming and costly. Plus, taking employees away from their everyday tasks for learning opportunities can seem like a drain on an organization’s resources. However, employee training shouldn’t be thought of […]