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Benefits to Increase Retention

Benefits to Increase Retention
July 1, 2020

Benefits are an essential part of an employee’s compensation package. In an ever-changing industry with a competitive market for skilled labour, a good benefits plan can help your company retain and attract the right people. A portion of each employee’s benefits plan is legislated, but some aspects can be adjusted to be attractive to current or potential employees.

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Buying and Selling a Construction Company

Buying and Selling a Construction Company
May 20, 2020

The construction industry is starting to see an increase in ownership changes as owners decide to retire and pass on their legacy to the next generation, a key employee or a third party. The sale of a business sets up the seller’s retirement plans while the purchaser can move from a skilled construction worker to an owner building his/her own legacy. As such, understanding the benefits and drawbacks of different purchase and sale options is vital.The actual structure of the company being purchased will vary the overall results, therefore obtaining advice from your trusted advisors early in the process will be important.

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Leveraging Technology in Construction

Leveraging Technology in Construction
May 20, 2020

Considering cash flow restrictions and the many factors that can impact the bottom line of a construction project, it is understandable that the construction industry is often slow to accept new technologies. However, being too resistant to the rapidly changing technological landscape can quickly hurt your company’s ability to compete and retain skilled labour.

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Financing Options for Your Construction Business

Financing Options for Your Construction Business
January 31, 2020

No matter how big or how small your construction company is, cash is the lifeblood of your business. There are several options for procuring funding to get started, enhance growth and invest in your company’s future. Each option has its own advantages and disadvantages so be sure to compare the different financing alternatives available to you before signing on the dotted line.

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Construction Act Changes: Prompt Payment and Human Resources

Construction Act Changes: Prompt Payment and Human Resources

The latest round of changes to the Construction Lien Act that took effect on October 1st, 2019 making prompt payment the hot topic in the industry. As you begin working on projects that fall under the prompt payment rules, there is more to consider than just the wording of your contracts. Your staff also need to be prepared for the changes coming to their roles and processes.

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Suicide in the Construction Industry

Suicide in the Construction Industry
June 19, 2019

Construction Provincial Blitz

Construction Provincial Blitz
August 22, 2018

The Ontario Ministry of Labour has announced a recent blitz of ‘proactive inspections’ with a focus on the construction industry. Don’t be alarmed if you receive a letter from the Ministry of Labour - it is simply a routine inspection, however we do expect construction clients to be a larger proportion of these inspections.

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WSIB Update

WSIB Update
June 19, 2018

Everyone in construction has heard of the changes that the Workplace Safety & Insurance Board (WSIB) has proposed to make to their rate framework. Although we did see decreases in some construction WSIB rate groups during 2017, there is still much confusion and uncertainty over what the future holds for WSIB premiums.

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Construction Uber? The Sharing Economy is Here!

Construction Uber? The Sharing Economy is Here!
December 14, 2017

While some of us are better at sharing than others, the sharing economy seems to be here to stay.  The sharing economy is simple: assets or services are shared by private parties or individuals often using the internet. The best known examples of this in action are Uber and Airbnb.

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Small Contractors: Take Caution with WSIB

Small Contractors: Take Caution with WSIB

Right now there is a lot of talk about the changes coming to the Workplace Safety and Insurance Board (WSIB), but many construction businesses are unaware of the WSIB rules that could impact them today.

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