News

Financially Savvy Commercial Construction

Nobody breaks ground on a building project expecting it to be a money pit, but if you’re not careful, the hole you dig can become just that. Financial security can make or break a business - it’s something we know first-hand at Shaw-Lundquist. In our 42 years of business we have never taken out a traditional bank loan. That’s a feat not many successful companies can boast! As a second generation, family-owned general contracting company, we are committed to the growth small business, and want to provide you with a few fundamental tips to building revenue for your business.

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Boosting Your Crew’s Productivity

In construction, if your crew isn’t productive your client’s money is being wasted. If your operation isn’t running efficiently, it doesn’t matter how hard everyone works, the job isn’t the best it could be. Reputation is everything in the construction industry, and it’s a good to be known as a company that has productive and efficient job sites. It helps for the superintendent to not only focus on hard workers, but also the smart ones. Similarly, having an intelligent, savvy project manager will boost project productivity.

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Shaw-Lundquist Awarded the Twin City Business Magazines 2016 Family Business Award

Feng Hsiao came to Minnesota to pursue a Ph.D. Instead, using the Americanized name of Fred Shaw, he built one of the largest Asian-American-owned construction companies in the United States. It’s a legacy his sons, who use their father’s original surname, are continuing to build on.

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Shaw-Lundquist Featured in MBE's Who Rock Anniversary Issue

During his tenure, Hoyt has amassed a number of honors and awards, including being named the 2015 Entrepreneur of the Year by the Metropolitan Economic Development Association (MEDA), the Twin Cities’ largest minority business advocacy group.

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The Ins and Outs of Construction Surety Bonds

If your construction company has recently started delving into commercial construction projects, then you have to become familiar with surety bonds. Surety bonds are often a requirement for commercial construction projects because bonds reduce risks. Keep reading to learn more about how surety bonds can protect your construction company and grow your business in the process.

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The Importance of Minority Business Enterprise to the American Economy

The American economy is determined by the success of the people, and minorities are a major part of the overall success of the nation. Throughout the history of the United States, in spite of obstacles, minority groups have proven their inherent strengths and value in building our strong economy. The construction industry is a good reflection of these contributions.

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Reduce Risks and Liabilities by Hiring a General Contractor

The Bureau of Labor and Statistics define a general contractor as a construction manager. As such, they “plan, coordinate, budget, and supervise construction projects from start to finish.” They manage the details associated with the project, which is why they are your best bet when you are concerned about limiting risks and liabilities.

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Construction Workforce Diversity: Why it Works

As of May 2016, the unemployment rate within the construction industry is 5.2%. On the surface, such a low number may seem like an accomplishment. Unfortunately, if you consider the labor-force participation rate in conjunction with the low unemployment rate, you will quickly realize that many people are simply not participating in the job market. As a result of the low participation rate, many construction sites aren’t realizing the benefits of a diverse workforce. Diverse businesses offer many benefits, including the following:

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Minority Firm's Largest Project in 42 Years as High School Doubles in Size

Totaling just over $73 million, the Shakopee High School Addition and Renovation project is the largest project award in Shaw-Lundquist’s history!

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The Benefits of Mixed-Use Construction

Mixed-use construction has taken off in the past decades, rejuvenating abandoned downtown areas across the United States. Mixed-use construction is thriving because it works. In fact, there are a multitude of benefits from using this strategy in construction management compared to adhering to traditional zoning restrictions.

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