Cash Flow Problems Stall Growth for More Than Half of Construction Businesses
Proper budgeting, monitoring payment statuses and maintaining awareness of project developments can help prevent problems.
Nonresidential Construction Employment Rises in September, Says ABC
The construction industry added 7,000 net new jobs in September, according to an ABC analysis of data released by the BLS. On a year-over-year basis, industry employment has expanded by 156,000 jobs, an increase of 2.1%.
Union Trends, Compliance and Cybersecurity Top-of-Mind for New York Contractors
The top issues identified relate to the skilled labor shortages, general business conditions and the challenges of complying with regulatory oversight.
Commercial Construction Index Shows Record Optimism
Half of all contractors expect revenue increases over the next year, rising 14 points quarter-over-quarter. Also, notably higher is the expectation for profit margins to increase in the next year, which grew by 12 points between Q2 and Q3 2019.
Construction Companies Aim to Reduce Waste by Participating in the Circular Economy
The circular economy is rife with opportunities to create and share value in construction, including profitable new business ecosystems and new revenue streams.
North American Rental Revenue Expected to Exceed $71 Billion in 2023
Equipment and event rental revenues in North America are expected to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in Canada.
Construction Executives Expect Improvements in the Year Ahead
Economic confidence among construction CEOs has fallen to the lowest level in three years. However, they are more optimistic than the national average due to increased business demand, which is causing the need to expand their workforce.
Six KPIs for the Equipment Rental Elite
Make data-informed decisions a habit and embed this into the company culture. This turns risk into calculated risk, panic into preparation and gut decisions into strategic ones.
