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Construction input prices increased.3% in October compared to the previous month, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also increased.3% for the month. Prices increased in all three energy subcategories last month. Natural gas prices increased by 29.3%, unprocessed energy materials prices rose 9.9% and crude petroleum prices advanced by 7.3%.
A recent Colorado Court of Appeals decision offers essential guidance for subcontractors filing claims under the Colorado Public Works Act. The case clarifies what can and cannot be included in a verified statement of claim, particularly concerning delay damages, and highlights the severe consequences of filing an excessive claim. The outcome serves as a cautionary tale for subcontractors to keep claims clear, accurate, and well-supported to avoid potentially losing an entire claim.
Shoring is a cornerstone technique in modern construction, providing temporary support to buildings, trenches, and excavation sites. Whether stabilizing a structure during renovations or ensuring safety in deep excavations, shoring is indispensable. Below, we discuss the top 7 benefits of shoring in construction and why it’s essential for maintaining safety and efficiency in today’s projects.
The future of construction is sustainable, efficient, and cost-conscious. This guide offers a practical roadmap for reducing material waste, optimizing energy use, and integrating sustainable design principles. Discover how innovative construction firms are leveraging circular economy strategies, digital tracking, and energy-smart building solutions to reduce expenses and stay ahead of regulatory shifts.
Take your construction business to the next level with our comprehensive 2025 funding guide! Whether you're managing seasonal cash flow challenges, dealing with unexpected equipment repairs, or planning to scale your operations, securing the right funding is essential for success. This guide explores a range of fast and flexible financing options tailored for construction businesses.
Rider Levett Bucknall has released its latest Crane Index and Quarterly Cost Report, providing an eye-opening perspective on the North American construction industry in 14 key markets. The latest report, with data current to mid-third quarter of 2024, shows the national average increase in construction costs was 1.07%, the lowest its been in the last three years.
Practical LEAN construction frameworks involve robust approaches inclusive of multi-level training, detailed workflows, clear responsibilities, and a common data environment (CDE)*. Examples of practical LEAN construction frameworks are Integrated Project Delivery (if it includes objective, granular, detailed line-time construction task data), Alliance Partnering, and collaborative Job Order Contracting.
Budgeting, forecasting, and financial planning directly impact construction project outcomes. Inaccurate projections lead to cost overruns and delays. This guide outlines best practices for financial discipline, including forecasting methodologies, resource allocation strategies, and risk mitigation frameworks. Industry leaders recognize that precise financial control is essential for profitability and project stability.
Einführung in AI-gestützte Lösungen Die Bauindustrie sieht sich heutzutage mit einer Vielzahl an Herausforderungen konfrontiert. Dazu gehören ineffiziente Projektverfolgung, unzureichende Datenanalysen, sowie ein intensiver Wettbewerb zwischen den Unternehmen. In diesem dynamisch wachsenden Sektor können AI-gestützte Lösungen eine Schlüsselrolle spielen, indem sie fortschrittliche Technologien implementieren, um Betriebsprozesse zu optimieren und Verkaufschancen signifikant zu verbessern.
Industrializing design and building practices using manufacturing techniques has long been promised as a more efficient construction method. But recent advances in the kit-of-parts approach is bringing the idea closer to fruition.
Under the radar, behind the project gate, inside the executive suite. That's where ENR's editors and bloggers deliver their insights, opinions, cool-headed analysis and hot-headed rantings.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Doug Burgum, Republican governor of North Dakota, is named to lead a planned new National Energy Council of sector regulators, while others are tapped for top posts at energy, transportation and environmental agencies.
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