Construction Labor Churn at Historic Lows in November
By ABC
January 14, 2025
WASHINGTON, Jan. 7—The construction industry had just 276,000 job openings on the last day of November 2024, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job ...
Nonresidential Construction Spending Dips 0.1% in November, Flat Year Over Year
By ABC
January 6, 2025
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 ...
Monthly Construction Input Prices Unchanged in November
By ABC
December 20, 2024
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 ...
Top Three Impacts on Your Project's Critical-Path Method Scheduling
By Michael Pink
December 17, 2024
Anyone connected to the construction industry understands the importance of critical-path method scheduling. CPM schedules help identify the activities required to complete a project, as well as help determine critical activities that absolutely can’t be delayed.
As a contractor...
Construction Backlog Indicator Holds Steady in November, Contractor Confidence Surges
By ABC
December 13, 2024
WASHINGTON, Dec. 10—Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.4 months in November, according to an ABC member survey conducted Nov. 20 to Dec. 3. The reading is down 0.1 months from November 2023.
View ABC...
Analyze and Control Your Construction Project Gain/Fade
By LeAnne Goode
December 10, 2024
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...
Storms Suppress Nonresidential Construction Spending in October
By ABC
December 4, 2024
WASHINGTON, Dec. 2—National nonresidential construction spending decreased 0.4% in October, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $...
Peer to Peer: Comparing Construction Company Metrics
By Michael McLin
November 6, 2024
In the construction industry, where project success hinges on a variety of factors from financial management to safety practices, peer-group benchmarking serves as a critical tool for gaining competitive advantage and ensuring operational excellence. Benchmarking involves compari...
The Four Paradigms of Construction Scheduling
By René Morkos
October 30, 2024
In the construction industry, the project schedule serves as a rulebook for controlling costs, ensuring timely delivery and maintaining quality standards. Scheduling accuracy is arguably the most critical contributor to a project's success; a great schedule can make a project, wh...
Maturity Monitoring Concrete Increases Accuracy and Keeps Jobs on Schedule
By Erica Flukinger
October 4, 2024
Maturity monitoring, a non-destructive way to estimate the compressive strength of in-place concrete, uses digital sensors to capture inputs such as time and temperature in order to monitor strength in real-time, saving the design and construction team time and money. The sensor ...
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