Challenges to cash flow in the construction industry

| June 24, 2019

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Cash is king in the construction industry, and that will remain the case, especially if we consider its constant need to finance large projects, withstand long collections cycles and manage cost overruns. Not only that, but construction also requires substantial investment to enable growth and modernization in an ever‑competitive environment.

Spotlight

Elliott Group, Ebara Corp

For more than 100 years, the world has turned to Elliott for the design, manufacture and service of critical turbomachinery. Our primary products are centrifugal and axial compressors, steam turbines, power recovery expanders, and lubrication and other auxiliary systems for rotating equipment. Elliott products and services are used throughout the world in the oil and gas, refining and petrochemical industries, as well as in other process and power applications. We have earned a reputation for quality, efficiency and reliability in our products and our people.

OTHER ARTICLES

Using simulation to build tomorrow’s electrified heavy equipment

Article | February 27, 2020

Competition among established OEMs and start-ups is at a fever pitch as the race to design and develop a fully electric vehicle that meets both customer and regulatory demands continues. The heavy equipment industry, from agricultural to construction, are in the same position. Stringent regulations to reduce or remove pollutant levels and emissions, and customer demand for lower total cost of ownership and customization are causing a shift to bring electrified heavy equipment to market.

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Containing CO2 during construction

Article | February 27, 2020

BuroHappold Engineering made its Climate Emergency Tool Kit available last September. To develop this tool, the firm consulted with AIA about how it benchmarks embodied carbon. Data from Quartz’s LCA tool is built into the engineering firm’s Buildings & Habitats object Model BHoM data exchange framework. It is being used primarily for measurement and design visualization.

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ENGINEERING TECH

10 simple ways to ensure a successful infrastructure project

Article | February 27, 2020

In amongst the chatter about how we can 'do' infrastructure better, there's now a growing consensus that we need to improve the way we design our interventions - 'design' in the broader sense of the word, rather than the narrow sense we tend to use as engineers. My front-end principles for better infrastructure Over the course of my career, the following front-end principles have served well to ensure we think through, before we rush in where angels fear to tread. Be clear about the purpose and the expected outcomes, and engage communities in decision-making through an effective communication strategy. Prioritise the user, aiming to offer services that are modern, effective and affordable. Seek to improve people's quality of life and support the transition to a more sustainable future, while also facilitating the functioning of the economy, enhancing productivity and accommodating growth (to the extent possible, given other competing objectives). Extract greatest value from existing infrastructure through timely maintenance, repurposing, renewal and upgrading. Seek to remove constraints and bottlenecks. Aim to make best use of data, automation, innovation and technology (including for future asset management), recognising the complexity and risks this may introduce. Recognise, analyse, mitigate and manage technical, environmental and climate risks, and complete any surveys necessary to support this. Improve governance, with robust, timely and transparent decision-making, supported by strong evidence-based planning, clear prioritisation, and best practice technical design and delivery. Seek an appropriate funding balance between 'user pays' and general taxation which incentivises behaviours in the best long-term social, economic and environmental interests. Complete well-evidenced business cases and risk assessments of proposed initiatives before embarking on projects, including financing proposals. Aim to allocate the risks identified to those best able to carry them. Facilitate collaboration between the government and business to promote delivery of the broader social, economic and environmental benefits. Clearly, there are many other issues to consider as a project develops, and the above principles may seem obvious to some, and a counsel of perfection to others, but it's surprising how many are overlooked in the rush to build.

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Coronavirus and Construction: What Should We Do Right Now?

Article | February 27, 2020

What should construction do right now? That’s one of the big questions facing the industry today. In Arizona, we are continuing to work as much as possible. The big question is, Should we continue to work, and how do we do it? Several groups have weighed in on this and I wanted to share the best links I have that contain this information.

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Spotlight

Elliott Group, Ebara Corp

For more than 100 years, the world has turned to Elliott for the design, manufacture and service of critical turbomachinery. Our primary products are centrifugal and axial compressors, steam turbines, power recovery expanders, and lubrication and other auxiliary systems for rotating equipment. Elliott products and services are used throughout the world in the oil and gas, refining and petrochemical industries, as well as in other process and power applications. We have earned a reputation for quality, efficiency and reliability in our products and our people.

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