Your source for construction industry news in the Carolinas
With more online bidding platforms and bid building tools available, the subcontractor bidding process has never been easier in 2018. However, there are still avoidable and costly mistakes that can frustrate subcontractors. Here are some common and costly mistakes to avoid in the subcontractor bidding process and ways to reduce risks. 1. Inaccurate Measurements, Takeoffs,…
Thirty-five states and the District of Columbia added construction jobs between January 2017 and January 2018, while 32 states and D.C. added construction jobs between December and January, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials cautioned, however, that newly-imposed tariffs on steel and…
February was the best month for construction employment gains since March 2007, according to Associated Builders and Contractors’ (ABC) analysis of today’s employment report from the U.S. Bureau of Labor Statistics (BLS). The sector added 61,000 net new jobs on a monthly basis in February, an increase of 0.9 percent, and 254,000 net new jobs…
President Trump officially released a proposal for a $1.5 trillion infrastructure plan. The proposed plan includes $200 billion in funding from the federal government. Unlike recent infrastructure plans, half of the federal seed money is planned to go toward an incentive program to match funding and financing from state and local governments that invest in rebuilding…
Several industry surveys and reports forecast continued growth in the construction industry. Albeit, the growth shows a modest 4.8% increase, different from the double-digit growth in previous years. Regardless, there is still a general sense of optimism. With continued growth and positive outlook in the construction industry, what can possible be keeping construction executives up…
Financial indicators such as the liquidity ratios, leverage ratios, efficiency ratios and profitability ratios can be used to gauge the performance of your business. With the analysis of these ratios, you will be able to make the informed and right decisions for your business. The following are the top four types; Liquidity Ratios These are…
Associated Builders and Contractors (ABC) President and CEO Michael D. Bellaman issued the following remarks on President Donald Trump’s State of the Union speech. “Associated Builders and Contractors appreciates President Trump’s focus on creating a strong economy with limitless opportunities for all Americans. The president is right, America is a nation of builders, and ABC…
President Donald Trump delivered his first State of the Union Address last night. During the address, the President touted key programs that will have a significant impact on the construction industry. This included legislation focused on workforce development, infrastructure and immigration. “I am asking both parties to come together to give us the safe, fast, reliable, and…
Forty-two states added construction jobs between December 2016 and December 2017, while 32 states and the District of Columbia added construction jobs between November and December, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said a new federal infrastructure measure would help guarantee continued…
Momentum in the construction industry continued on a positive note as the Dodge Momentum Index increased by 0.9% in March to 144.4 (2000=100) from its revised February reading of 143.2. For six consecutive months, the Momentum Index has risen. Much of the gain being driven by institutional projects entering planning while commercial projects so far in…
