ABC Highlights Value of Leading Safety Indicators During OSHA Public Meeting
Associated Builders and Contractors Vice President of Health, Safety, Environment and Workforce Development Greg Sizemore spoke at a Nov. 7 Occupational Health and Safety Administration public meeting on leading indicators for safety and health programs. In his remarks, Sizemore emphasized the importance of leading indicators as a proactive measure to prevent workplace hazards and reduce…
50 Construction Terms Every Construction Manager Should Know
The construction industry has many specific terms and acronyms that can be extremely confusing at first. Being a technology-focused construction company, we put a heavy focus on ensuring our employees understand the ins and outs of construction terminology, as not all things can be taught in classrooms. Rather, the knowledge is acquired through spending time on the…
Career Readiness and Employability Credential Program Announced
SkillsUSA, an innovator in educational resources for career and technical education (“CTE”) students, today announced the official launch of the SkillsUSA Career Essentials Credential. This new curriculum and credential program provides CTE students with the foundational skills, attitudes, and values necessary to ensure that America has the skilled workforce it needs to combat the growing…
Construction Contractors Remain Confident in August, Says ABC
U.S. construction industry leaders remained confident in August 2019, according to the Construction Confidence Index released today by Associated Builders and Contractors. While contractors were less upbeat regarding sales growth over the coming six months, confidence associated with profit margins and staffing increased from July to August. Despite slightly diminished sales expectations, nearly 63% of…
ABC’s Construction Backlog Indicator Rebounds in August
Associated Builders and Contractors reported today that its Construction Backlog Indicator climbed to nine months in August 2019, up 0.5 months or 5.4% from July 201 Construction Backlog Indicator 9, when CBI stood at 8.5 months. “Despite some other leading indicators suggesting weakening in nonresidential construction spending, our most recent backlog readings show that contractors are…
Construction Monitor Data Now Available Through Bloomberg
Construction Monitor, a leader in real time building permit data in the United States and headquartered in Cedar City, Utah, announced that its data set is now available to Bloomberg Data License clients via the Bloomberg Enterprise Access Point. This offers an additional way for the financial industry to discover Construction Monitor data. Construction Monitor has been collecting, databasing…
Third Annual Teletrac Navman Construction Benchmark Report Shows Telematics Use Promotes Better Safety Outcomes
Teletrac Navman, a global software-as-a-service provider that leverages location-based technology for GPS tracking solutions, today announced findings from its 3rd Annual Construction Benchmark Report. The survey, which examined current issues influencing construction organizations, found as telematics adoption grows (90% in 2019 versus 79% in 2018), organizations are experiencing significant benefits, particularly around safety. Thirty-one percent say they…
Construction Input Prices Slide in September, Says ABC
Construction input prices fell 0.6% in September and are down 1.7% year-over-year, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices fell 0.7% for the month and are down 1.4% compared to the same time last year. Much of…
Procore Introduces Product Advancements at Groundbreak 2019 to Connect Everyone in Construction on a Global Platform
Procore Technologies, Inc., a leading provider of construction management software, today welcomed over 4,000 construction professionals to Groundbreak, the company’s annual conference that brings together everyone in construction for three days of networking, learning, and innovation. This year’s event highlighted Procore’s mission to connect everyone in construction on a global platform, with the introduction of product…
Dodge Momentum Index Posts Gain in September
The Dodge Momentum Index moved 4.1% higher in September to 143.6 (2000=100) from the revised August reading of 137.9. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by…
