September Construction Job Openings, Distorted by Storms, Decrease by 40,000
By ABC
October 31, 2024
WASHINGTON, Oct. 29—The construction industry had 288,000 job openings on the last day of September, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening ...
The Four Paradigms of Construction Scheduling
By René Morkos
October 30, 2024
In the construction industry, the project schedule serves as a rulebook for controlling costs, ensuring timely delivery and maintaining quality standards. Scheduling accuracy is arguably the most critical contributor to a project's success; a great schedule can make a project, wh...
Construction Futures: October Economic Roundup
By Construction Executive
October 25, 2024
WHAT WE LEARNED INTO OCTOBER: CONSTRUCTION INDUSTRY POWERS INTO FOURTH QUARTER
Construction industry dynamics held steady in September. Contractors keep hiring, and manufacturing and infrastructure investments continue to ramp higher, while labor remains scarce and the resident...
Key Legal Issues to Consider Before and After Natural Disasters
By Patrick Kelly
October 22, 2024
While legal considerations are often the last thing on the minds of project owners and contractors during an emergency, construction industry stakeholders should bear in mind the impact of natural disasters on their legal rights, remedies and potential exposure to claims.
For al...
Construction Backlog Indicator Rebounds in September, Contractor Confidence Improves
By ABC
October 19, 2024
WASHINGTON, Oct. 15—Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.6 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 4. The reading is down 0.4 months from September 2023.
View ABC’s Construct...
Construction Input Prices Down 0.9% in September
By ABC
October 18, 2024
WASHINGTON, Oct. 11—Construction input prices decreased 0.9% in September compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input p...
How a Consultant Can Help Transform Your Construction Company Into an Industry Leader
By Chad Prinkey
October 16, 2024
The U.S. construction industry today is operating in a difficult-to-navigate environment. Though 2025 will likely usher in more rate cuts, financing for construction projects remains tight, and the costs of essential building materials continue to run high. Worker shortages and s...
Basu Still Betting on Recession: CE's 2024 Q3 Construction Economic Update and Forecast Summary
By Grace Calengor
October 11, 2024
During CE’s "2024 Q3 Construction Economic Update and Forecast," Anirban Basu admitted there are reasons to be optimistic about the construction industry as 2024 enters its final quarter, but left viewers with his steadfast grain of salt: a recession is coming in 2025. Review the...
Maturity Monitoring Concrete Increases Accuracy and Keeps Jobs on Schedule
By Erica Flukinger
October 4, 2024
Maturity monitoring, a non-destructive way to estimate the compressive strength of in-place concrete, uses digital sensors to capture inputs such as time and temperature in order to monitor strength in real-time, saving the design and construction team time and money. The sensor ...
How Do Lean Construction and Integrated Project Delivery Improve Project Outcomes?
By David Pacifici
September 25, 2024
The shortcomings of traditional project delivery methods are well known to construction professionals. The cost and risk-shifting strategies of project owners, contractors and design firms are intended to address which entities are exposed to loss. These strategies frequently res...
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Not-So-Clearly Stated: Workers' Comp When Out-of-State
By Kevin Ring
It’s critical for construction companies to understand the exact protections offered by their workers’ compensation policy when sending employees on out-of-state travel—but state-by-state variabilities can make that a daunting task.
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Construction Futures: September Economic Roundup
By Construction Executive
Let the rate cuts commence! What the Fed's latest lowering means for the industry, plus ABC's latest Construction Confidence Index.
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Damage Control: Major Rebuilds After Major Weather Events
By David McMillin
Hurricanes, tornadoes, wildfires and more—each of these major weather events comes with different challenges, but they all share one common need: someone who knows how to rebuild.