Compass Group quickly saves company $250K on a design-build project

Posted by Compass Group on Nov 22, 2022

One of our vice presidents recently attended a development review committee meeting. At the meeting, he connected with a business contact who was expanding their company and needed to build a new and larger manufacturing facility. Instead of engaging a design-build firm, they were doing it themselves.

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Topics: company news

The 5 most important ladder safety laws

Posted by Compass Group on Oct 19, 2022

Safety should be top priority for everyone in the construction industry. Understanding ladder safety laws can save lives on construction sites. 

OSHA has stairway and ladder safety standards in place to prevent injuries on the job site. While there are many ladder regulations OSHA lists, here are the top five that you should always keep in mind to ensure a safe working environment

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Topics: regulations

How the CHIPS Act will impact your future construction plans and projects

Posted by Compass Group on Sep 21, 2022

Not a manufacturer? This massive bill could still impact your construction project.

In early August, President Biden signed the CHIPS and Science Act, enacting legislation to help keep more semiconductor manufacturing in the U.S. and reduce reliance on overseas production. The $52 billion CHIPS Act will subsidize U.S. semiconductor manufacturing and provide a 25% tax credit for companies that build facilities in the U.S.

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Topics: construction industry

The time is now to schedule your hotel’s next PIP

Posted by Compass Group on Sep 2, 2022

If you’ve been delaying your franchise hotel improvement plan, it’s time to roll up your sleeves.

With visitors’ plans shuttered amid travel restrictions, the hotel industry was devastated in the initial months of the COVID-19 pandemic. With reduced occupancy came reduced income and cash flow, ultimately allowing for approved delays in property improvements, as owners may have used allotted Property Improvement Plan funds for working capital or simply had less funding available to contribute to them. Some hotel brands were gracious with their franchisees during this period. According to Hotel Management, hotel chains offered PIP deferrals of 12-18 months, and in some cases, as long as 24 months

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Topics: hotel construction

4 ways to finance your new hotel project

Posted by Compass Group on Aug 1, 2022

With many COVID-19 travel restrictions in the rearview mirror, travelers are eager to make up for lost time and enjoy new experiences. Factor in the fading popularity of Airbnbs, and the hotel industry has a golden opportunity to capture new, eager tourists with exciting and authentic properties. After you’ve solidified the idea, researched the market, and developed your hotel business plan, you need to bring your hotel idea to life. And that takes capital. After all, the national average cost (according to Fixr) to build a hotel ranges from $13 million to $32 million. At the low end, you can build a motel for $7.5 million, while luxury five-star hotels can cost more than $60 million.

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Topics: hotel construction

3 trends for today’s office buildings: Flexibility and health are top priorities

Posted by Compass Group on Jul 18, 2022

When the COVID-19 pandemic hit, remote work became a way of life. More than two years later, companies continue to realize the benefits that a flexible work location can have on employee productivity. And with 83% of workers preferring a hybrid model, leaders also realize how offering hybrid options can retain and attract talent

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Topics: construction industry

Airbnb is out – and hotels are making a comeback

Posted by Compass Group on Jun 16, 2022

A decade ago, Airbnb disrupted the tourism industry, offering an alternative to hotel rooms when visiting other places. Travelers loved the concept of staying in a home and the flexibility Airbnbs provide. But, Airbnb’s glory days are over, it seems, as users are waking up to issues that can arise with these vacation rental sites – dirty accommodations, high fees, controlling hosts, and even safety. The backlash against Airbnb has been widespread, with viral TikToks putting issues on full display for the world.

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Topics: hotel construction

Construction costs are rising — What does that mean for you?

Posted by Compass Group on May 18, 2022

Since the beginning of the pandemic in 2020, the cost of building materials has steadily risen alongside an increasing labor shortage. Supply chain issues have caused a spike in costs and severely extended the timelines for new construction.

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Topics: construction industry

Water, Rest, Shade, Repeat: OSHA's enhanced heat-safety guidelines

Posted by Compass Group on Apr 27, 2022

It is time to beat the heat! No, seriously it is time to beat the heat with OSHA’s new National Emphasis Program (NEP) that will help protect millions of workers from heat-related illnesses and injuries. Millions of workers around the United States and here at Compass Group are exposed to heat and are susceptible to heat-related illnesses/injuries that are preventable thanks to OSHA’s new and improved guidelines that in-house experts enforce at our work sites. 

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Preparing for tornado season

Posted by Compass Group on Apr 5, 2022

Tornado season is upon us. Though tornado activity typically peaks in the spring and late summer, the Southeast is most at risk in April. At any time of year, Florida’s warm, humid air paired with cool breezes from the north is a recipe for the perfect storm. 

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