Articles Tagged with ''contractors''

This past year has been an unprecedented year for the mergers and acquisitions (M&A) space, hitting $5 trillion in volume in 2021 through over 40,000 transactions. The number of transactions in the distribution and manufacturing space has caused owners to take a closer look at their options regarding selling and/or acquisition options.

The National Assessment for Educational Progress (NAEP) reported in what’s referred to as the "nation’s report card" in September 2022 that recent long-term reading and mathematics assessments during the COVID-19 pandemic showed that “average scores for age 9 students in 2022 declined five points in reading and seven points in mathematics compared to 2020.

Ninety percent of seniors would rather remain in their own homes than move to assisted living, according to AginginPlace.org. Given the costs of assisted living, aging-in-place makes financial sense as well. Yet, many homes are not ready, which presents an opportunity for plumbing contractors.

Taco Comfort Solutions wins the AHR 2023 Innovation award for Sustainable Solutions with its System M. I fully expect to see a virtual explosion in the number of air-to-water heat pumps on display at the upcoming AHR Expo in February.

Motivation. It’s something we all need and want, but that’s where the commonality ends. Each of us needs different things to motivate us to get things done. That means that when you talk about motivation, you need to know what kind of motivation your specific team member is interested in and what they will best respond to.

Integration automatically and accurately allocates tool and equipment costs to job costs, reducing worker down time and manual data entry.

A key part of the success of PHVAC contracting businesses is the ability to get plumbers and technicians to the jobsite on time. That means having reliable wheels carrying all the tools and parts that may be needed to get the job done.

As I write this month’s column, I’m attending Plumbing Manufacturer’s International annual Manufacturing Success conference in Louisville, Kentucky. PMI has done a great job with its programming content this year, especially with keynote presenter Andrew Winston, a corporate environmental strategist and author, who discussed how today’s companies are now expected to take a stand against the world’s social and environmental problems — and in doing so, earn a profit.

 While most plumbers may like to think that they’re mostly serving routine maintenance or installation customers, the most common nature of those calls is likely panicked customers with a burst pipe, a backed-up toilet or another emergency that needs a response ASAP.

As anyone in the profession knows, the plumbing industry is rapidly changing. Demand for plumbing services is reaching unprecedented levels, but so too is competition.