A NEW DAY A NEW DAY - Toronto Construction Association

More documents

Recommendations

Info

BUILDING INFORMATION MODELLING from BIM models from any company, not just Autodesk. “The construction industry is latching onto Navisworks,” explains Burke, “because it’s enabling them to take models from Bentley, ArchiCAD, Autodesk and any other company, combine it into one structure and then do their own interference reports, construction scheduling and so on. Navisworks is becoming the main tool of the construction industry.” Ultimately, BIM’s benefit is in eliminating the grey areas. “It takes you past the discussion along the lines of ‘it should work,’” emphasises Prowse, “because you can see right in the modelling that it will work. BIM is a huge advantage in planning and executing what we do.” *Download the free report: http://construction.ecnext. com/coms2/summary_0249-296182_ITM_analytics |BD ADVERTISERS INDEX Vol. 5 No.1 Quarter 3 2010 Builders’ Digest BEC Equipment................................................42 www.becequipment.ca BlueBeam Software Inc...................................11 www.bluebeam.com C.W. Smith Crane Service Ltd....................................................... 3 www.cwsmithcraneservice.com Continental Cabinet Company Inc..................39 www.continentalcabinet.com Geninfo Solutions Inc......................................31 www.geninfosolutions.com Heenan Blaikie Management Ltd...................23 www.heenanblaikie.com George Brown College....................................25 www.georgebrown.ca The Graff Company ULC..................................32 www.graffconcrete.com The Graham Group..........................................30 www.graham.ca The Guarantee Company of North America...33 www.gcna.com Imaginit Technologies............................ 40 & 42 www.rand.com 34 | Builders' Digest Quarter 3 2010 KIB Restoration...............................................32 www.kibrestoration.com CANet Ontario.................................................37 www.canetontario.cc MAPEI Inc...................... Inside Front Cover & 42 www.mapei.com Mathews, Dinsdale & Clark LLP......................42 www.mathewsdinsdale.com MFM Building Products Corp..........................21 www.solutions.mfmbp.com Oakridge Kitchen & Bath/a Division of Oakridge Millwork Ltd...........Inside Back Cover www.oakridgekitchens.ca Ontario Construction Secretariat..................... 7 www.iciconstruction.com Onyx Mechanical Ltd................................ 4 & 42 www.onyxmech.com Permacon Group..............................................42 www.permacon.ca Peterbilt of Canada.........................................42 www.peterbilt.com RBC Financial Group........................................35 www.rbc.com Schindler Elevator Corporation......................15 www.ca.schindler.com Sobotec Ltd......................................................42 www.sobotec.com Synstone..........................................................17 www.synstone.com The TRH Group.................................................42 www.trh-group.com Tractel Group..................................................... 8 www.tractel.com Trisura Guarantee Insurance Company...........27 www.trisura.com United Association Local 46............................22 www.ualocal46.org United Rentals of Canada...................... 19 & 42 www.ur.com Vipond Inc........................................................14 www.vipond.ca Walters Group Inc............................................28 www.waltersinc.com WeirFoulds LLP....................Outside Back Cover www.weirfoulds.com Zone Electric Inc..............................................42 www.zonelectric.ca
To Lease or not to Lease Acquiring new equipment can be an effective way to boost productivity and increase capacity. Financing this investment in your business, however, can be one of the greatest challenges for many businesses. Business growth starts with a conversation. To take your construction business to the next level, RBC ® has dedicated teams of industry specialized account managers who have a deep understanding of what drives your market and business model. Leasing can be an efficient and effective financing alternative for managing growth and planning for the replacement of existing equipment and technology, while preserving cash flow. Paying for equipment outright may restrict cash which could be better deployed to finance sales (i.e. receivables and inventory) or distribute to shareholders. Avoiding the heavy up-front cash costs of purchasing equipment and reducing monthly finance payments are two of the key reasons why many companies prefer to lease. Is leasing right for your company First consider how long you will actually use the equipment in question. If you only need it for a limited time, if the equipment will soon become obsolete, or if you prefer to upgrade every couple of years, then leasing may be a better option. If you plan to keep the equipment for its entire useful life, it may or may not be better to buy it, depending on your cash flow requirements and tax situation. Some leases are structured for To start a conversation today, visit rbcroyalbank.com/commercial specialized purposes such as allowing your company to accelerate claims for tax credits; they can be advantageous even if you plan to keep the asset for its entire productive life. It is important to consider fully the financial implications before deciding between a lease, a loan or a cash purchase. It is generally not wise to pay for long-term assets with working capital. If you do, you may hinder your future ability to pay recurring obligations like rent, utilities or payroll if business conditions get tougher. Before deciding to lease, compare the total leasing cost with the total cost of financing the purchase price by way of a loan. Remember to include the costs of any loan interest, insurance and taxes that you can expect to pay if you own the asset. Bottom line Leasing can be an ideal form of financing for both income-producing equipment as well as leasehold improvements, computers, office furniture and many other equipment requirements. For more information about how RBC can help you and your business, speak with an RBC Construction Specialist today by calling 1-800 ROYAL ® 2-0. Or visit www.rbcroyalbank.com/commercial to learn more. TM These materials are provided by Royal Bank of Canada for general information purposes only. ® Registered trademarks of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Trademarks of Royal Bank of Canada.
Page 1 and 2: Builders’ Digest Toronto Construc
Page 3 and 4: AdvertoriAl C.W. SMITH Crane ServIC
Page 5 and 6: Page 9 contents FEATURES 6 The Way
Page 7 and 8: YOUR ONTARIO CONSTRUCTION SECRETARI
Page 9 and 10: Cover Story A NEW DAY TCA partnered
Page 11 and 12: Cover Story feel they don’t yet h
Page 13 and 14: HOUSING The June 8 groundbreaking c
Page 15 and 16: Funny. This bell sounds a lot like
Page 17 and 18: BID Competition First place, Most A
Page 19 and 20: Widest Selection of Construction Eq
Page 21 and 22: MFM BUILDING PRODUCTS MFM Building
Page 23 and 24: 1 2 3 4 5 6 A national practice sol
Page 25 and 26: out of awards to the winning entran
Page 27 and 28: SUSTAINABILITY “ ” There is a l
Page 29 and 30: BUILDING INFORMATION MODELLING A Ne
Page 31 and 32: BUILDING INFORMATION MODELLING in l
Page 33: Canada’s Leading “SPECIALTY”
Page 37 and 38: profile “ There have been lots of
Page 39 and 40: BUSINESS PRACTICES & CHALLENGES ben
Page 41 and 42: Toronto Construction Association Up
Page 43 and 44: Oakridge Kitchens - Affordable Eleg

A NEW DAY A NEW DAY - Toronto Construction Association

Create successful ePaper yourself

Delete template?

Save as template?