ARA Forecast Shows Equipment Rental Segment Recovering
Equipment rental revenue is expected to explode past its peak totals in 2022, according to the latest forecast released by the American Rental Association.
Nonresidential Construction Adds Only 2,900 Jobs in July, but Liquidity Remains High
The nation’s construction industry added 11,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered 886,000 [...]
COVID-19 Stalls Construction Pipeline in Undersupplied Senior Housing Market
As a percentage of existing supply, senior housing units under construction tapered throughout 2020, dropping from peak levels of 7% at the end of 2019 to 4.7% in the first quarter of 2021—magnifying the long-term supply shortage.
Using a Software Approach to Manage Rapid Resource Changes During COVID-19
COVID-19 forced one large contractor to pause some projects and accelerate others. The solution was a quick pivot from Excel to a comprehensive resource planning platform to manage resource allocation.
FLSA Provisions Provide Guidance of Construction Employee Classification on Jobsites
Construction executives should familiarize themselves with the factors courts take into consideration when determining whether a particular group of workers could be considered employees of their company for FLSA purposes.
Contractors Eager for Growth Must Overcome Cash-Flow Challenges
While contractors have maintained an entrepreneurial spirit, they still face a variety of cash-flow challenges barring them from growth.
Project Selection and Risk: Actionable Steps for Long-Term Success
Gregg Lyon, Travelers, discusses the impacts of COVID-19 on contractors, contract surety bond losses, risks and project selection.
Improving Access to Health Care and Wellness Services for Construction Trade and Craft Workers
Contractors can reduce barriers that keep workers from seeking mental and medical health care services.
