CCA and Thompson Construction Group Partner to Launch Industry’s First Single-Source Solution to Protect, Stabilize, and Rebuild Properties in Distress
CCA, Construction Consulting Associates LLC and Thompson Construction Group formally announced the formation of CCT Partners, a first-of-its-kind joint venture to deliver end-to-end services to restore, rebuild, and reimagine properties in distress. Together, these industry leaders and their extensive network of strategic partners will assess property conditions and address troubled projects, bond defaults, and disasters—financial…
Nonresidential Construction Employment Falls in July Due to Project Cancellations and Postponements, Says ABC
WASHINGTON, Aug. 7, 2020 —The construction industry added 20,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last three months, the industry has added 639,000 jobs, recovering roughly 59% of the jobs lost since the start of the…
Nonresidential Construction Spending Falls Slightly in June, Says ABC
WASHINGTON, Aug. 3, 2020 — National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted, annualized basis, spending totaled $812.9 billion for the month. Among the 16 subcategories, six were down compared to May 2020 data. Private…
Lowe’s and Home Advisor Announce Partnership
To further their commitment to keeping Pros working, Lowe’s and HomeAdvisor today announced they will help Pros get leads by offering Lowe’s for Pros Loyalty Program members a free, year-long HomeAdvisor subscription. Qualifying Lowe’s Pro loyalty members will get the annual subscription and also receive a credit for an average of 10 free leads connecting them to…
Updated NEPA Regulations Will Eliminate Unnecessary Delays, Reduce Costs for Construction Sector
WASHINGTON, DC – July 22, 2020 – On July 15, the Council on Environmental Quality issued a final rule on updating and modernizing its National Environmental Policy Act regulations. Following the issuance of the NEPA final rule, ABC’s Vice President of Legislative & Political Affairs Kristen Swearingen issued the following statement: “The modernization of these critical regulations…
AGC Warns Construction Job Losses Will Resume without Federal Funding
July 17, 2020 – Construction employment increased from May to June in 31 states and the District of Columbia, but the gains may have stalled, according to an analysis by the Associated General Contractors of America of government employment data released today and a compilation(link is external) of weekly jobsite hours by construction technology firm Procore. Association officials urged…
ABC’s Construction Backlog Indicator Up in June; Contractor Optimism Grows
WASHINGTON, July 14, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.1 months in June, an increase of 0.2 months from May’s reading. CBI is down approximately 8% from its June 2019 level. Every region except the Middle States experienced an increase in backlog in June compared to May,…
Re-starting Construction: Documenting Safety Compliance and Productivity
The impact of the global pandemic of COVID-19 is far-reaching. The government-mandated shutdowns and strict social distancing rules have greatly affected the way we live and work. The social distancing and enhanced safety protocols will significantly impact how we work, how productive we can be, and how much money we stand to make. More and…
18 Biggest Construction Companies in the World and What Makes Them Great
Attention, construction project managers! Here is the list of the biggest construction companies in the world and projects that make them great. The construction industry in the United States creates about $1 trillion in structures and infrastructure every year. The spending adds about $3.4 billion to the Gross Domestic Product and puts a lot of money into the economy. Unlike some…
HVAC Submittals: The Complete Guide
When it comes to HVAC construction, project managers and company leadership have a lot to juggle, which means, sometimes, HVAC submittals don’t get the attention they deserve. While they may seem like a small step for an HVAC job, they are an essential point of communication between the contractor team and the design team at…
