Hivot logo with a round up arrow around it

Hivot Weekly round-up 02/25/2022

Bringing you this week's must-reads for construction and industrial trades workers. 

Gloria Lin thinks construction needs to ‘catch the wave of fintech’

Long before she worked in the technology industry, Lin was the daughter of the owner of a trade contracting business. The challenges her father faced as a business owner in the construction industry always stayed in the back of her mind, so when Lin got the entrepreneurial itch, it was a natural move to help start a company that helped trade contractors better control their finances. And today that company, Siteline, is emerging from stealth with $18.4 million in funding — $15 million of which was raised in a Series A led by Menlo Ventures and $3.4 million that was raised in a seed round led by Brick & Mortar Ventures and First Round Capital...

Read Now

Startup Turns "Unrecyclable" Plastic Into Giant, Indestructible Construction Bricks

What if we told you that you could construct entire buildings out of trashed plastic bags and water bottles?

That future may be closer than you think, thanks to new tech from ByFusion Global, an LA-based startup that’s developed a way for governments, companies, and communities to recycle previously “unrecyclable plastics” into huge, virtually indestructible bricks.

Known as “ByBlocks,” the cinderblockish bricks are made using a steam-based compacting method that, per ByFusion’s website...

Read Now

650,000 Workers Need to Fill Construction's Labor Shortage in 2022

The construction industry will need to attract nearly 650,000 additional workers on top of the normal pace of hiring in 2022 to meet the demand for labor, according to a model developed by Associated Builders and Contractors.

“ABC’s 2022 workforce shortage analysis sends a message loud and clear: The construction industry desperately needs qualified, skilled craft professionals to build America,” said Michael Bellaman, ABC president and CEO. “The Infrastructure Investment and Jobs Act passed in November and stimulus from COVID-19 relief will pump billions in new spending into our nation’s most critical infrastructure...

Read Now

Is cloud-based construction management beneficial for everyone?

On-premise or cloud-hosted aren’t terms often headlined when it comes to construction management software. Although not as flashy as other software terminology, they deserve as much attention and focus from businesses when looking at construction software.

It seems a mammoth task and one that no one wants to undertake, so it’s reasonable to want to see tangible benefits from moving your construction data and processes to the cloud.

Let’s take a look at three major factors to help remove the mystery surrounding cloud-based construction management...

Read Now

Contingency Plans to Soften the Impact of Most-Common Construction Risks

Construction risk management is a process of identifying and evaluating the unique risks that each project presents. Crucial to the evaluation is developing methods to mitigate the impact of risks to the project, your business’s, success. Here are the macro risks that all of construction faces in 2022.

Satisfying contract requirements, ensuring workers' safety, securing materials or dealing with natural calamities are growing risks that make construction risk management a requirement for any contractor...

Read Now