Your source for construction industry news in the Carolinas
ARCO/Murray, a top-ranked design-build general contractor, has been selected to lead the design and construction of Boviet Solar’s 1,100,000-square-foot solar module and solar cell manufacturing project in North Carolina. The two-phase program will create over 900 skilled local jobs and significantly expand the capacity for solar energy production in the United States. Phase 1: 2.0 GW Solar…
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.6 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 4. The reading is down 0.4 months from September 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog increased in every region except…
Carolinas AGC Leaders last week met with Congressional delegation representatives from North and South Carolina to discuss issues important to the construction industry, ranging from help with the workforce shortage to opposing impractical proposed heat standards. The Capitol Hill visits were part of AGC of America’s annual National Chapter Leadership Conference that drew about 250…
FMI Corporation, a leading provider of consulting and investment banking services to the built environment, released the 2024 Ownership Transfer and Management Succession Study focused on the engineering and construction industry. The report provides key insights and tactics to help owners and executives navigate their companies’ transitions. In early 2024, FMI partnered with the Construction…
Associated Builders and Contractors today released its fourth annual construction technology report, which focuses on the impacts of artificial intelligence in the construction industry. The report includes a case study and thought leadership from ABC’s Tech Alliance to showcase how ABC is strengthening members’ understanding of AI. “ABC contractor members and the overall contracting community want more information…
National nonresidential construction spending increased 0.1% in August, 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 $1.22 trillion. Spending was up on a monthly basis in 10 of the 16 nonresidential subcategories. Private nonresidential spending decreased 0.1%,…
The pandemic brought into sharp focus the importance of having a healthy and functioning supply chain, that critical system by which goods are delivered from factories to doorsteps. But how does the process work in reverse, when items are returned and sent back? And what happens to the returned items? Today, the NAIOP Research Foundation…
Marsh McLennan (NYSE: MMC), a global leader in risk, strategy and people, today announced that it has reached an agreement through its Marsh McLennan Agency business to acquire McGriff Insurance Services, LLC, an affiliate of TIH. McGriff is a leading provider of insurance broking and risk management services in the United States, with $1.3 billion of…
Football Season, Election Season, and the Economic Outlook With September’s arrival, those who love college football are again enjoying tailgating, touchdowns, the sound of marching bands, and crowds cheering and singing their alma mater. Hope for a conference championship reigns supreme. Nothing beats winning. GroundBreak Contributor Dr. Bruce Yandle shares his thoughts as we move…
Associated Builders and Contractors today participated in a White House-sponsored roundtable discussion, “Recovery in the Workplace: Investing to Build the Workforce of Tomorrow,” which convened more than a dozen leading corporations, business groups and government leaders at the White House in Washington, D.C., to highlight the importance of recovery-ready and recovery-friendly workplaces and share best…
