Keep calm and allocate capital: Six process improvements

Keep calm and allocate capital: Six process improvements

Most large corporations have annual processes to allocate capital and other resources across business units and for strategic initiatives enterprise-wide. The typical practice is to begin with a strategy or “strategic refresh,” develop a long-term (three- to seven-year) financial plan, and lay out a highly detailed budget for the first year of the plan. Unfortunately,…

How rethinking carbon markets can forge a path to the green transition

How rethinking carbon markets can forge a path to the green transition

It’s quite a thing to find yourself, unexpectedly, in the eye of the storm. One day, I was a CEO in a niche industry — the next, I found myself at the center of a heated public debate. My sector, the voluntary carbon market (VCM), and my former organization work with carbon credits, setting standards…

Calgary breaks ground on multi-service facility

Calgary breaks ground on multi-service facility

Ground has been broken on a new $16 million multi-service development in Calgary’s Cornerstone community. Phase one will include a fire station and a household hazardous waste drop-off. A future phase will include non-market housing. The two-bay Cornerstone Fire Station will replace the nearby temporary one-bay Skyview Fire Station and represents a significant milestone in…

NYC Approves Vote to Improve Parking Garages

NYC Approves Vote to Improve Parking Garages

The legislation comes after a parking structure collapsed in 2023.   June 4, 2024 The New York City Council voted to improve the safety and building integrity of parking garages. If approved by Mayor Eric Adams, the legislation would be effective immediately. According to The New York City Council notes, Part of the bill mandates that…

Valley Children’s Hospital Awarded Sustainable Healthcare Certification

Valley Children’s Hospital Awarded Sustainable Healthcare Certification

The facility is the first hospital in California and the second children’s hospital in the U.S. to receive the certification. Valley Children’s Hospital has become the first hospital in California, and only the second children’s hospital in the nation, to be awarded the prestigious Sustainable Healthcare Certification by The Joint Commission, an independent non-profit accreditation…

Escalation: Predicting project costs in a volatile market

Escalation: Predicting project costs in a volatile market

One of the major hurdles that we attempt to forecast for our commercial construction projects is escalation. There are many factors that affect escalation in the construction world which include inflation, supply chain, and labor shortages. Predicting costs eliminates potential cost escalation and avoids stress throughout projects. There are several reputable industry cost indexes that measure the…