Your source for construction industry news in the Carolinas
Construction technology is an increasingly important aspect of the future of construction. With the skilled labor shortage, stagnant productivity, and safety issues that plague the industry, it’s hard to stay ahead of these issues. Construction companies, universities, and technology companies are working hard to find solutions to these problems. Companies are finding ways to improve…
Construction input prices decreased 1.3% on both a monthly and yearly basis in June, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. This is the first time in nearly three years that input prices have fallen on a year-over-year basis. Overall, nonresidential construction…
In May, estimated not seasonally adjusted construction unemployment rates fell nationally and in 46 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Three states (Michigan, South Dakota and Vermont) had no change, while only Hawaii increased, rising from 5% in May 2018…
Good communication on the job site can improve the project budget, schedule, and working relationships between contractors and subcontractors. However, it doesn’t always seem possible. While there are technological advances that improve communication, like phones and email, that’s not always where the problems lie. Take a look at why communication fails and how you can…
A new study released by Dodge Data & Analytics, in partnership with Triax Technologies, a leading provider of technology for the connected jobsite, finds that while contractors continue to struggle with construction site risks, they recognize the benefits of using IoT to mitigate them. According to the report, Using Technology to Improve Risk Management in Construction…
Construction leaders across North America voice strong disagreement on the state of the industry, according to new research. The 2019 People In Construction Report is available from FireStarter Speaking and Consulting, a Raleigh, NC based construction leadership consultancy. Nearly five-hundred non-residential construction professionals responded between December 2018 and January 2019 to questions assessing the quality of leadership and culture in the construction industry….
Prices for inputs to construction rose 0.3 percent in September and are 7.4 percent higher than a year ago, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. Overall prices for nonresidential construction inputs rose 0.4 percent, reversing last month’s downward trend. Among individual subcategories, softwood lumber…
National nonresidential construction spending declined 0.3 percent in July, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. Total nonresidential spending stood at $748.8 billion on a seasonally adjusted, annualized rate in July, an increase of 5.3 percent from the same time last year. Private nonresidential spending fell 1…
Winner’s curse is defined as bidding low enough to win, but regretting the results. Winner’s curse assumes the bidder (general contractors in this case) makes below normal or negative profits upon award of the work. This dilemma has plagued the construction industry for generations. I write this article to offer some contributing factors to why…
To meet rising demands in utilities and limit expenditure in resource management, utility companies are adopting advanced technological solutions such as drones and robots. Rising adoption of such automated solutions has contributed amply towards the growth of robotics in utilities industry. To gauge the impact of ongoing developments. Need for Error-Free Workflow in Power Sector…
