Constructing Northeast Florida:
The Compass Group Blog
Construction industry ramps up for 2023
By Compass Group on Mar 24, 2023
This month marks three years since
the shutdown in the United States for
COVID-19, and the construction
industry has since deeply felt the
effects of the pandemic. Labor
shortages, supply chain issues, and
high costs of building materials slowed
both new and ongoing projects for quite some time. As 2023 rolls on, we have seen an increase in construction starts that bode well for the rest of the year to come.
4 common mistakes to avoid in commercial construction projects
By Compass Group on Mar 24, 2023
A new commercial construction project is
exciting. It is a time when visions can come
to life and progress is being made rapidly.
Whether this is your first involvement with
a project or your 50th, it is essential not to
overlook these four common mistakes
made in commercial construction projects.
“Yes in my backyard”? Yes, it’s possible.
By Compass Group on Jan 25, 2023
Finding the positives in construction projects can improve your relationship with the community
The NIMBY (Not In My BackYard) is a well known persona in construction and development.
NIMBYs like things in their community just
as they are and aren’t keen on new construction or development in “their backyard.” NIMBYs appreciate the consistency of the route home – one so familiar they could drive it with their eyes closed. They hold dear the open fields that help create colorful scenes at sunset. They're quite content going to the same restaurants they’ve been visiting for years. Simply, NIMBYs love the familiarity of their community.
3 major construction market trends in 2023
By Compass Group on Dec 29, 2022
What’s in store for the construction industry over the next year
Inflation rates will determine the health of the construction industry next year, as well as the U.S. economy as a whole.
As projected in the new year, if interest rates stop increasing and core inflation continues to improve, the U.S. economy will begin to stabilize within the next year, which is a promising outlook for the construction industry as a whole.
In 2022 construction projects increased by nearly 20% and are expected to remain steady in the next year, which is an improvement from the fluctuation after the COVID-19 pandemic.
This is not to say the construction industry is without challenges over the next 12 months. According to Equipment World’s 2023 Industry Outlook, here are the key takeaways to prepare for the year ahead.
Compass Group quickly saves company $250K on a design-build project
By Compass Group on Nov 22, 2022
One of our vice presidents recently attended a development review committee meeting. At the meeting, he connected with a business contact who
was expanding their company and needed to build a new and larger manufacturing facility.
Instead of engaging a design-build firm,
they were doing it themselves.
The 5 most important ladder safety laws
By Compass Group on Oct 19, 2022
Safety should be top priority for everyone in the construction
industry. Understanding ladder safety laws can save lives on construction sites. OSHA has stairway and ladder safety standards in place to prevent injuries on the job site. While there are many ladder regulations OSHA lists, here are the top five that you should always keep in mind to ensure a safe working environment
How the CHIPS Act will impact your future construction plans and projects
By Compass Group on Nov 22, 2022
Not a manufacturer? This massive bill could still impact your construction project.
In early August, President Biden signed the CHIPS and Science Act, enacting legislation to help keep more semiconductor manufacturing in the U.S. and reduce reliance on overseas
production. The $52 billion CHIPS Act will subsidize U.S. semiconductor manufacturing and provide a 25% tax credit for companies that build facilities in the U.S.
The time is now to schedule your hotel’s next PIP
By Compass Group on Sep 2, 2022
If you’ve been delaying your franchise hotel improvement plan, it’s time to roll up your sleeves.
With visitors’ plans shuttered amid travel restrictions, the hotel industry was devastated in the initial months
of the COVID-19 pandemic. With reduced occupancy came reduced income and cash flow, ultimately allowing for approved delays in property improvements, as owners may have used allotted Property Improvement Plan funds for working capital or simply had less funding available to contribute to them. Some hotel brands were gracious with their franchisees during this period. According to Hotel Management, hotel chains offered PIP deferrals of 12-18 months, and in some cases, as long as 24 months.
3 trends for today’s office buildings: Flexibility and health are top priorities
By Compass Group on Jul 18, 2022
When the COVID-19 pandemic hit, remote
work became a way of life. More than two
years later, companies continue to realize
the benefits that a flexible work location
can have on employee productivity. And with 83% of workers preferring a hybrid model, leaders also realize how offering hybrid options can retain and attract talent.
By Compass Group on Mar 24, 2023
This month marks three years since
the shutdown in the United States for
COVID-19, and the construction
industry has since deeply felt the
effects of the pandemic. Labor
shortages, supply chain issues, and
high costs of building materials slowed both
new and ongoing projects for quite some time. As 2023 rolls on, we have seen an increase in construction starts that bode well for the rest of the year to come.
By Compass Group on Mar 24, 2023
A new commercial construction project is
exciting. It is a time when visions can come
to life and progress is being made rapidly.
Whether this is your first involvement with
a project or your 50th, it is essential not to
overlook these four common mistakes
made in commercial construction projects.
By Compass Group on Jan 25, 2023
Finding the positives in construction projects
can improve your relationship with the community
The NIMBY (Not In My BackYard) is a well known
persona in construction and development.
NIMBYs like things in their community just
as they are and aren’t keen on new construction or development in “their backyard.” NIMBYs appreciate the consistency of the route home – one so familiar they could drive it with their eyes closed. They hold dear the open fields that help create colorful scenes at sunset. They're quite content going to the same restaurants they’ve been visiting for years. Simply, NIMBYs love the familiarity of their community.
By Compass Group on Dec 29, 2022
What’s in store for the construction industry over
the next year
Inflation rates will determine the health of the
construction industry next year, as well as the U.S.
economy as a whole.
As projected in the new year, if interest rates stop increasing and core inflation continues to improve, the U.S. economy will begin to stabilize within the next year, which is a promising outlook for the construction industry as a whole.
In 2022 construction projects increased by nearly 20% and are expected to remain steady in the next year, which is an improvement from the fluctuation after the COVID-19 pandemic.
This is not to say the construction industry is without challenges over the next 12 months. According to Equipment World’s 2023 Industry Outlook, here are the key takeaways to prepare for the year ahead.
By Compass Group on Nov 22, 2022
One of our vice presidents recently attended a
development review committee meeting. At the
meeting, he connected with a business contact who
was expanding their company and needed to build a
new and larger manufacturing facility.
Instead of engaging a design-build firm,
they were doing it themselves.
By Compass Group on Oct 19, 2022
Safety should be top priority for everyone in the construction
industry. Understanding ladder safety laws can save
lives on construction sites. OSHA has stairway and ladder
safety standards
in place to prevent injuries on the job site. While there
are many ladder regulations OSHA lists, here are the
top five that you should always keep in mind to ensure a safe working environment
By Compass Group on Nov 22, 2022
Not a manufacturer? This massive bill could still impact
your construction project.
In early August, President Biden signed the
CHIPS and Science Act, enacting legislation
to help keep more semiconductor manufacturing
in the U.S. and reduce reliance on overseas
production. The $52 billion CHIPS Act will subsidize U.S. semiconductor manufacturing and provide a 25% tax credit for companies that build facilities in the U.S.
By Compass Group on Sep 2, 2022
If you’ve been delaying your franchise hotel
improvement plan, it’s time to roll up your sleeves.
With visitors’ plans shuttered amid travel restrictions,
the hotel industry was devastated in the initial months
of the COVID-19 pandemic. With reduced occupancy
came reduced income and cash flow, ultimately allowing for approved delays in property improvements, as owners may have used allotted Property Improvement Plan funds for working capital or simply had less funding available to contribute to them. Some hotel brands were gracious with their franchisees during this period. According to Hotel Management, hotel chains offered PIP deferrals of 12-18 months, and in some cases, as long as 24 months.
By Compass Group on Jul 18, 2022
When the COVID-19 pandemic hit, remote
work became a way of life. More than two
years later, companies continue to realize
the benefits that a flexible work location
can have on employee productivity. And with
83% of workers preferring a hybrid model,
leaders also realize how offering hybrid options
can retain and attract talent.
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