State of Global Preconstruction Report Released
FMI Corporation, the leading provider of consulting and investment banking services to the built environment, in partnership with Procore Technologies, Inc. (Procore), today released The State of Global Preconstruction report. The report discusses the current environment for preconstruction and the characteristics of organizations that do it well, including what constitutes above-average preconstruction processes and the effects of efficient and…
Total Construction Starts Surge in July
Total construction starts rose 48% in July to a seasonally adjusted annual rate of $1.36 trillion, according to Dodge Construction Network. This gain results from the start of three large manufacturing plants and two LNG export facilities. However, even without these projects, total construction starts would still have increased 7%. Nonresidential building starts rose 79% in…
Construction Input Costs Jump 1.1 Percent From May To June, Adding To Pressure On Contractors Despite Recent Decline In Some Materials Prices
The price of materials and services used in nonresidential construction jumped 1.1 percent last month, outpacing the rise in contractors’ bid prices, according to an analysis by the Associated General Contractors of America of government data released today. Association officials warned that rising materials prices were having an adverse impact on a growing number of construction projects…
Evans General Contractors Adopts Autodesk Construction Cloud to Enhance Project Delivery and Maximize Team Coordination
Autodesk, Inc. (NASDAQ: ADSK) announced Evans General Contractors, an international design-build contracting firm headquartered in Atlanta, Georgia, is adopting Autodesk Construction Cloud and incorporating the powerful construction management platform into its standard operating procedures (SOP). Teams across Evans will be using Autodesk Construction Cloud to onboard new employees quickly and easily, maximize coordination across project stakeholders…
8 Ways Subcontractors Can Manage Labor Shortages
Labor shortages are making it difficult for subcontractors to find workers—especially those who are well-trained and in-demand. According to the Home Builder Institute Construction Labor Market Report, the construction industry needs over 2 million more workers over the next three years to keep up with the booming demand for new houses amid the labor shortage.Subcontractors need to be…
Nonresidential Construction Spending Drops Slightly in February, Says ABC
National nonresidential construction spending was down 0.1% in February, 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 $844.5 billion for the month. Spending was down on a monthly basis in 10 of the 16 nonresidential subcategories. Private…
Construction Adds 19,000 Jobs In March, While Project Spending Rises For 12th Straight Month In February; Officials Warn Of Growing Challenges
Construction employment climbed by 19,000 jobs between February and March, while spending on construction projects rose for the 12th month in a row in February, according to an analysis by the Associated General Contractors of America of government data released today. Association leaders warned that further gains may stall unless the supply of workers and…
ABC and AFSP Announce Partnership to Address Mental Health and Suicide Prevention in the Construction Industry
Associated Builders and Contractors and the American Foundation for Suicide Prevention today announced a collaborative partnership to address mental health and suicide prevention throughout the U.S. construction industry. The goals of the partnership are to improve the mental health of construction workers through effective suicide prevention education, intervention and postvention strategies; to encourage, equip and…
Despite Impressive January Jobs Report, Nonresidential Construction Employment Declines by 9,000, Says ABC
The construction industry lost 5,000 jobs on net in January, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered slightly more than 1 million (91%) of the jobs lost during earlier stages of the pandemic. Nonresidential construction employment declined by…
Graycor Opens Office in Greenville, SC
Graycor, a national leading provider of construction, maintenance, and facilities services, announced the opening of an office in Greenville, SC. The new location will support the company’s growth in the Southeast. Founded in Chicago in 1921, Graycor provides construction services to a range of industries including retail, commercial, ecommerce, automotive, manufacturing, warehouse and distribution, process…
