Business

In the construction industry, where project success hinges on a variety of factors from financial management to safety practices, peer-group benchmarking serves as a critical tool for gaining competitive advantage and ensuring operational excellence. Benchmarking involves compari...

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 ...

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...

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...

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...

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...

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...

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...

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, 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 ...