Construction Sector Adds 84,000 Workers In October, Project Cancellations Risks Undermining Future Industry Job Gains
Construction employment increased by 84,000 jobs in October, with jobs added in both nonresidential and residential categories, according to an analysis by the Associated General Contractors of America of government data released today. Association officials cautioned, however, that the pandemic is causing a growing number of construction projects to be canceled or delayed, according to…
Most Requested Tenant Improvement Services by Electrical Contractors
One of the major differences between renting a space and owning it outright is who is responsible for repairs and improvements. With a commercial or residential property that one owns, they would shoulder full responsibility. However, depending on the terms of the rental contract, a landlord/property manager may need to authorize and pay for any…
How to Earn Business Success in Plumbing & HVAC
Everyone’s heard the statistics about the number of small businesses that fail, especially in those early years. The plumbing and HVAC fields are no different. Many contractors have a steady stream of happy customers that keep their businesses afloat even through rough patches. Others end up making critical errors that could send their business to financial ruin….
Precast Concrete: The Advantages And The Disadvantages
On paper, a lot of professionals may associate premade materials or tools as inferior to their assembled counterparts. This may apply in some fields, but not so much when we talk about the world of construction. When it comes to large construction projects, space is always a concern on the different sites. As a result,…
Nonresidential Construction Spending Declines Further in September, Says ABC
WASHINGTON, Nov. 2,, 2020 —National nonresidential construction spending fell 1.6% in September, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, monthly spending totaled $794.3 billion. Among the sixteen nonresidential subcategories, thirteen were down on a monthly basis. Private nonresidential spending…
Seismic Retrofit of Steel Structures
According to a FEMA report, Earthquakes in the U.S. cause approximately $6.1 billion in building stock costs each year. Even if a company had the financial means to repair or rebuild after earthquake damage, this still presents a period of halting operations to make repairs. For residential structures, the stakes could be even higher, leaving people without…
Colossal Costs Lost To Construction Claims And Disputes
The astonishing toll of overrunning costs and schedules on major engineering and construction projects worldwide is laid bare in an analysis of claims and disputes published today by HKA. CRUX Insight 2020 is the product of investigations into more than 1,100 projects across 88 countries by HKA, the construction and engineering industry’s leading specialists in…
More Contractors Report Canceled Projects than Starts, AGC Survey Finds; Construction Employment Declined in Most Metros in Latest 12 Months
October 28, 2020 – Construction firms are experiencing widespread project deferrals and cancellations, along with disruptions to ongoing work and few new project awards, as the economic damage from the pandemic drags down industry employment in metro areas across the nation, according to a new survey and an analysis of new government data that the Associated General Contractors of…
ABC’s Construction Backlog Slips in September; Contractors Remain Optimistic
WASHINGTON, Oct. 13, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.5 months in September, a decline of 0.5 months from August’s reading, according to an ABC member survey conducted Sept. 20-Oct. 6. Backlog is 1.5 months lower than in September 2019. ABC’s Construction Confidence Index readings for…
Interior Construction Guidance for Healthy Space Designs
When it comes to the interior construction work that you do for your clients, the top concerns that you are likely to get are related to cost, aesthetics, and speed. This makes a lot of sense on paper. After all, some of your customers may need their spaces made on a tight timeline. Of course,…
