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Carolinas Construction Connection

04/26/2024
Editor's Pick
Overcoming the Winner's Curse
by Ben Wilhelm, President, Carolinas Region, Shiel Sexton Company
Winner’s curse is defined as bidding low enough to win, but regretting the results. Winner’s curse assumes the bidder (general contractors in this case) makes below normal or negative profits upon award of the work. This dilemma has plagued the construction industry for generations. I write this article to offer some contributing factors to why winner’s curse occurs, but more importantly, to provide insight into how the construction industry can work to avoid it.
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Top Stories
 
 
The Associated Builders and Contractors, Carolinas Chapter, celebrated its Electrical Apprenticeship graduating class of 2018 in June at Charlotte’s BB&T Ballpark, home of the Charlotte Knights baseball team.  Cheered on by family, friends, co-workers and fellow ABC members, the 13 ABC Carolinas Chapter Electrical Apprenticeship graduates were publicly recognized during pre-game festivities.
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"Hidden Figures: The Untold Story of Women in Engineering" was the theme of this year’s Chix Dig It — Celebrating Women in Construction luncheon, which was timed to coincide with International Women in Engineering Day. This unique event drew nearly 200 attendees – a combination of women and men representing a wide variety of organizations with ties to the architecture, engineering and construction industry.
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Every year there are lists of construction business owners making money while others go out of business. Running a business is hard, and it’s even harder in an industry like construction. However, many of these top performing construction businesses have a series of tips and tricks they’ve learned to run a business successfully. These nine tips for construction business owners looking to optimize their business can help you do just that.
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The 6th Annual Carolinas AGC (CAGC) Summer Summit and Expo will be held at the Westin Resort on Jekylll Island, Ga. from Thursday, July 26 to Sunday, July 29, 2018. Conference organizers cite numerous reasons for attending — great educational sessions, special events that provide attendees quality networking, opportunities for suppliers to showcase their business or services, and the beach.
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If you "build it" they will come?  Well, they did – in all their diversity, intelligence, construction-related careers, and curiosity – come to hear about the new chapter that is currently "under construction" in NAWIC’s South Atlantic Region. On June 28, 2018, Columbia NAWIC Chapter #113 (sponsoring chapter) members were present and in force to facilitate the pre-organizational meeting for the chartering of a new chapter to include Berkeley-Charleston-Dorchester counties.
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Design-build used to be considered an "alternative" way to build. New research shows it’s now the fastest growing and most popular method delivering construction projects in America. Industry analysts at FMI have completed a comprehensive assessment of the design-build construction market. This research provides a comprehensive look at design-build’s market size, direction, trends and market drivers.
Over 25 leaders from North Carolina and South Carolina construction firms recently visited U.S. Senators and Representatives in Washington, DC. The construction leaders participated in the annual Associated Builders and Contractors (ABC) Legislative Conference (LegCon).
 
Fortive Corporation announced that it has entered into a definitive agreement with Warburg Pincus to acquire Greenville, SC-based Gordian, a privately-held, provider of construction cost data, software and service. The acquisition will be subject to customary closing conditions, including regulatory approvals, and will be financed with available cash.
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