Your source for construction industry news in the Carolinas
Press Release Propeller, a global leader in 3D mapping and drone data analytics solutions, announced a Propeller Platform add-on called Crew, a simple, data sharing tool that worksites use to relay interactive maps from desktops in office to mobile devices in the field. The new add-on gives office teams the power to create and share interactive maps with…
WASHINGTON, May 15, 2020 —Associated Builders and Contractors Chief Economist Anirban Basu warned the economic recovery following the COVID-19 outbreak would be quite different for the nonresidential construction industry compared to previous recessions, according to an economic outlook published in Construction Executive magazine. Normally, construction backlog, which stood at 8.2 months in February, according to ABC’s…
Press Release On a job site, it’s imperative to have organization — or the job will fall short. Imagine having an app on your iPad or mobile device that documents and organizes all of the tasks that need to get done on your job site and connects everyone on your team, including subcontractors, builders, and…
WASHINGTON, May 13, 2020 — Construction input prices fell 4.4% in April from 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 prices declined 4.2% for the month. Among 11 subcategories, nine experienced monthly price declines. All three energy…
Press Release Construction contractors learned, out of necessity, how to approach labor strategy back in 2011 through 2015 as the Great Recession-crippled economy slowly rebounded. Because of industry uncertainty at the time, they found it safer and prudent to run a much leaner full-time workforce than prior to the 2009 recession, comprised only of their…
ECS is pleased to announce that Walid Sobh, PE has joined the firm as a Construction Group Manager for the Charlotte, NC office. Sobh has more than 19 years of experience working for ECS and over 25 years of experience in subsurface exploration for shallow and deep foundations, pile installations, Pile Driving Analyzer (PDA) testing, construction materials testing,…
As nearly anyone who works in commercial construction will tell you, delays are a big problem in the industry. How big? A McKinsey study found that a staggering 98 percent of megaprojects (those with budgets over $1 billion) faced cost overruns or delays. Another study found that 60 percent of construction cost overruns at all budgetary levels are due…
The NAIOP CRE Sentiment Index, based on a survey of real estate practitioners, has dropped below 50 for the first time since its inception; however, because the survey was conducted March 11-25, 2020 as the nation was rapidly reacting to the COVID-19 pandemic, the long-term outlook is better understood as a snapshot of industry sentiment…
We will return to normal, but no one knows when. Government officials walk a timing tightrope. Open too soon and the virus might return with a vengeance. Open too late and the economic system might collapse. According to recent polls, people remain content with the lockdown for the time being. Support for the status quo will…
The construction industry lost 975,000 jobs on net in April, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. This was the largest recorded decrease in construction jobs since the government began tracking employment in 1939, despite construction remaining an essential industry in much of the…
