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Home » Topic » Business

Nonresidential Construction Spending Down Nearly 1% in June

by ABC | Aug 3, 2021
Business | Economy

National nonresidential construction spending declined 0.9% in June, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau.

Energizing for the Future

by Michael D. Bellaman | Jul 31, 2021
ABCs | Business | Business Development | CEO Insights

In the summer of 2021, projects that had been placed on the back burner during the pandemic are resuming at full speed, which means high backlog and high optimism. Leaders of construction firms nationwide are, [...]

News Briefs: July-August 2021

by Construction Executive | Jul 31, 2021
Business | News Briefs | Nuts + Bolts | Productivity

COVID-19 emergency standard excludes construction, ABC Greater Tennessee academy funding, electronic surety bonding guidelines and more.

Understanding the Eichleay Formula: Recovering Compensation From Project Delays

by Robert Mercado | Jul 27, 2021
Accounting | Business | Finance | Project Management

If a construction project is delayed by the actions of the project owner or another contractor, the delayed contractor has the right to request compensation for the impact of the delay. The most common calculation related to compensation recovery is the Eichleay formula.

How Drone Data Can Deliver Large-Scale Infrastructure Upgrades

by Jeff Schmidt | Jul 27, 2021
Data Analytics | Drones / UAV’s | Economy | Infrastructure | Markets | Technology

For large-scale projects like infrastructure overhauls, time and cost savings amount to massive benefits for the stakeholders involved.

Deloitte Report Shares the ‘Future of Construction’

by Construction Executive | Jul 27, 2021
Business | Economy

Deloitte has launched a report, “The Future of Construction: Key Trends Shaping Engineering and Construction,” which discusses advancements in a changing industry.

Joint Ventures…What Did I Agree To?

by Jeffrey Cavignac | Jul 27, 2021
Business | Business Risk | Insurance | Risk | Risk Management

While joint ventures can be a good way to pursue a project, consider the risks.

Understand and Reduce Operation Costs in Construction

by Sam Meenasian | Jul 26, 2021
Accounting | Business | Business Development | Finance | Project Management

A smart, strategic approach is required for any construction company to reduce operating costs.
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