Finance

Step back in time, and there’s a good chance that most of the names in the construction business no longer exist. Of the more than 43,000 construction companies that started in the spring of 2011, less than 38% managed to stick around a decade later, according to data from the U....

Competition is a constant in the ever-evolving world of construction. It’s fundamental to the bottom line, creates a quality product, invites the best talent and—to be frank—it’s exciting to compete. And it’s even more exciting to be the winner. So, how are winners in the contra...

Tax challenges in the commercial construction industry can feel like an uphill battle, with fluctuating project revenues, payroll complexities and penalties piling up quickly. Construction contractors in particular face a perfect storm of tax-related risks when cash reserves run ...

WHAT WE LEARNED IN JANUARY: CONTRACTORS OPTIMISTIC DESPITE COOLING MOMENTUM The construction industry’s momentum faded somewhat over the past few months. Nonresidential spending growth has stalled, employment growth has slowed to a crawl and materials prices jumped higher in Ja...

WASHINGTON, Feb. 13—Construction input prices increased 1.4% in January 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 pri...

For most construction firms, working with an accountant is often limited to matters for the year-end financial statements and tax returns. This has become such a routine practice that it’s easy to forget that accountants have the potential to be valuable year-round financial stra...

WASHINGTON, Jan. 14—Construction input prices decreased 0.2% in December 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 on Jan. 14. Nonresidential construction inp...

WASHINGTON, Jan. 2—National nonresidential construction spending declined 0.1% in November, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.234 ...

WASHINGTON, Dec. 12 — Construction input prices were unchanged in November 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 ...

It’s difficult to recover from a low estimate in construction. Owners don’t want to pay more than they have to, and scope creep is a credibility killer. That’s why successful companies understand the value of an experienced estimator and solid estimating systems. They also train...