Kitting—or the grouping of a set of parts linked by some attribute to be ordered, shipped and priced as one—affords efficiencies in ordering, fulfillment and cost. It’s become a focal point for many OEMs and distributors during the COVID-19 economic downturn.
ABC’s Construction Backlog Indicator Inches Higher in May; Contractor Confidence Continues to Rebound
Associated Builders and Contractors reported that its Construction Backlog Indicator rose to 7.9 months in May, an increase of less than 0.1 months from April’s reading.
Don’t Be a Casualty of the COVID-19 Recession
Understanding cash needs, making cuts for efficiency, focusing on the best projects and protecting lien and bond claim rights can help contractors fend off the recession’s financial risk.
Retirement Planning in a Uncertain Market
The CARES Act passed by congress provides some provisions for relief. With the added flexibility provided by the act, plan administrators and participants now have additional options to attempt to navigate through the recent market turmoil.
Nonresidential Construction Spending Falls in April, Says ABC
National nonresidential construction spending decreased by 1.8% in April, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau.
Building Resilience: Rethinking the Industry’s Approach to Construction
The entire industry is responsible for focusing on the well-being of people and society while looking to meet evolving opportunities and future challenges. These focus areas are critical as we enter the second quarter of 2020.
Drop in April Construction Input Prices Could Help Stabilize Nonresidential Sector
Construction input prices fell 4.4% in April from the previous month, according to an ABC analysis of BLS Producer Price Index data. Nonresidential construction input prices declined 4.2% for the month.
U.S. Economy Fell 4.8% in First Quarter of 2020 Due to COVID-19, Says ABC
The U.S. economy contracted at an annualized 4.8% rate during the first quarter of 2020 as a result of the ongoing global pandemic, according to an ABC analysis of BEA data. The decline in GDP is largely a reflection of the final three weeks of March, which devastated the economy.












