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2023 industry recession to be deeper than first forecast

Construction Enquirer

this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Falling private new housing combined with recent government delays to major infrastructure projects has prompted the spring forecast downgrade from a previously forecast 4.7% fall in output. in 2023 and 1.2%

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3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Here are three ways to ensure your cash flow forecast gets your project done on time, on brief and on budget. Create Rolling Enterprise Cash Flow Forecasts.

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Hurricane Ian Poses High Flash Flood Risk to More Than 7.2 Million Florida Homes

Pro Builder

Hurricane Ian Poses High Flash Flood Risk to More Than 7.2 trillion are within the moderate and high flash flood risk bands, but that forecast will likely fall short of the storm’s total damage. . This estimate accounts for flash flooding only and excludes homes that are at risk to river and coastal flooding.”.

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Indoor Marijuana Growing Accounts for Over 1% of all Electric Consumption in the U.S.

Green Building Law Update

Indoor marijuana growing operations accounted for over 1% of all electric consumption in the U.S., In California, marijuana production accounted for about 3% of electric use, according to the study. according to a 2011 study by Evan Mills, a Lawrence Berkeley National Laboratory researcher.

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries.

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A Guide to Making Winter Your Best Construction Season

Safety Services Company

Keep Track of the Forecast and Warm-up Equipment and Tools Keeping track of forecasts through the local weather channel ensures workers aren’t working in unfit conditions, such as hail storms or blizzards. You can consider cutting down your construction team work hours if the area is prone to extreme winter storms.

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Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.