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2023 industry recession to be deeper than first forecast

Construction Enquirer

Construction output is now expected to fall by 6.4% this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Key points of Spring forecastConstruction output falls by 6.4% Key points of Spring forecastConstruction output falls by 6.4%

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3 Methods to Finding More Skilled Labor

Construction Business Owner

Growth in construction over the past 5 years was capped off by a record-setting 2016, which saw United States spending reach nearly $1.2 The outlook for 2017 is even more bullish, according to Wells Fargo’s Construction Industry Forecast 2017, “with significant talk in all areas of the need for increased infrastructure spending.

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Traditional Facilities Construction Cost Management Failure – Repair, Reno, Maintenance, and New Builds

Job Order Contracting

Traditional construction cost management remains problematic for most real property owners. Traditional Construction Cost Management Failure. I can dynamically track every dollar in my budget and forecast critical costs with real time data from the field, while staying in sync with the accounting system.

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Australia’s Construction Market Poised for Growth

Viewpoint Construction Technology

If there’s one thing the global construction industry expects, it’s the constant ebb and flow of economic change. Recent focal shifts in Australia’s construction sector, as well as a rising population, indicate a coming sea change in infrastructure spending and development. Changes in Australia’s Labour Market.

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Best Practices for Financial Management in Construction Projects

Building Radar

Effective financial management in construction projects is crucial for ensuring profitability and sustainability in a highly competitive industry. With the complexity of construction processes, understanding construction financial management becomes essential for project success.

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ARTBA Forecasts 5 Percent Growth in Transportation Spending

Construction Equipment

transportation infrastructure construction market is expected to grow 5 percent from $129 billion to $135.8 ARTBA) annual forecast.' The overall U.S. billion in 2014, according to The American Road & Transportation Builders Assn.

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Construction Industry Bounces Back in 2013

Constructonomics

With the first quarter of 2013 already behind us the construction industry finally appears to be on a path of recovery and growth now that the recession appears to have ended. The industry has continued to add jobs each month throughout the first quarter of the year and construction spending during the first two months of 2013 is 6.6