Nonresidential Construction Spending Slows in June, Remains Elevated, Says ABC
National nonresidential construction spending declined 1.8% in June, totaling $773.8 billion on a seasonally adjusted annualized basis—a 2.3% increase compared to the same time a year ago, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data published today. Public nonresidential spending fell 3.7% in June, but is up 6.4% year over…
June Construction Starts Climb 9 Percent
New construction starts in June advanced 9% from the previous month to a seasonally adjusted annual rate of $832.7 billion, according to Dodge Data & Analytics. The increase followed the 10% gain reported for May, as total construction starts continued to strengthen following April’s subdued performance. By major sector, much of the lift in June came…
8 Best Practices for Tracking Project Deliverables in Construction
A project deliverable is something that is produced or provided to help achieve a specific objective. To be a deliverable, the output must be both within the scope and the result of deliberate work. Construction project deliverables can be either large or small–anything from an entire building to a single piece of paperwork. Each project has many…
RFI vs RFP: What’s the Difference?
If you’ve worked in the construction, it’s likely you’ve encountered RFP vs RFI moments. An RFI, or request for information, is a preliminary document to get general information from potential vendors, while an RFP, or request for proposal, is a document a company requests from vendors to get an overview of offerings and costs for a…
Executive Responsibility Expanded for Gilbane’s Mid-Atlantic Division to Include North Carolina Offices
As Gilbane Building Company strategically develops its geographic presence across the mid-Atlantic region, the company announced an expanded executive leadership role for Paul Choquette III, senior vice president, which encompasses Gilbane’s North Carolina operations in Raleigh and Charlotte. Choquette has current accountability for offices in Arlington, VA/Washington, DC; Richmond, VA; Baltimore, MD; and Philadelphia, PA….
FMI Releases North American Construction Outlook, Second Quarter 2019 Report
FMI Corporation, a leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of its second quarter 2019 North American Construction Outlook. The publication offers comprehensive construction forecasts for a broad range of market segments and geographies in the U.S. and Canada, as well as information on…
Transmittals and Submittals in Construction: What is the difference?
Transmittals and submittals are common types of documents in construction. However, these documents aren’t interchangeable. There are differences in the documents and their processes that prevent them from being used interchangeably. The next few paragraphs will help you understand the differences between transmittals and submittals and how you can better improve your construction document process….
Construction Job Growth Steady in June, Says ABC
The construction industry added 21,000 net new jobs in June, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, employment in the industry has expanded by 224,000 jobs, representing an increase of 3.1%. Nonresidential construction employment gained 14,900 net jobs in…
USG + U.S. Chamber of Commerce Commercial Construction Index – 2019 Q2
The USG + U.S. Chamber of Commerce Commercial Construction Index (CCI) is a quarterly economic index designed to gauge the outlook for, and resulting confidence in, the commercial construction industry. Results from the Q2 2019 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index(Index) indicate that more than half of contractors are highly confident that…
CarolinaPower Named to 2019 Best Places to Work in South Carolina
For the second consecutive year, CarolinaPower has been named one of the Best Places to Work in South Carolina – a prestigious list of companies announced this week. CarolinaPower has four offices in South Carolina and a field force that exceeds 100 crew members. Now in its 14th year, the Best Places to Work in…
