Sat.Jul 06, 2024 - Fri.Jul 12, 2024

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Construction Industry Trends: July 2024 Roundup

Viewpoint Construction Technology

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint 130
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Shore Up Safety: Prevent Trenching & Excavation Disasters

Construction Business Owner

Shore Up Safety: Prevent Trenching & Excavation Disasters ccapoccia Thu, 07/11/2024 - 14:40 From my perspective as a director of safety services, trenching and excavation incidents are no accident. They result from failing to recognize — and take necessary precautions to guard against — the danger trenches pose to workers. Yet each year as construction projects ramp up, we see an uptick in trench-related injuries and deaths.

Safety 366
professionals

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ABC: Construction Unemployment Rate Plunges to Second Lowest Ever Recorded

Construction Superintendent Magazine

The construction industry added 27,000 jobs on net in June, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 235,000 jobs, an increase of 2.9%. Nonresidential construction employment increased by 21,200 positions on net, with growth in all three subcategories.

ABC 98
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Changes coming to NYC construction safety, permitting

Construction Dive

The code update will affect the definition of a major building and how many permits a superintendent can be involved with at one time, according to former DOB assistant commissioner Peter Amato.

Permits 146
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A Practical Guide to Profitable, Sustainable Construction Strategies

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.

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Discover The Importance Of A Solid Business Plan For Your Contracting Company

Contractor Bookkeeping

Starting a construction business without a plan is like setting sail without a compass. While you might eventually reach your destination, the journey will likely be longer and more challenging. A well-constructed business plan is essential for guiding your business toward success. Here's why It Clarifies Your Vision A business plan helps you articulate the vision for your enterprise.

Plans 115

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Work Starts on $1.2B Project to Block Great Lakes Asian Carp Invasion

ENR Construction

Funding deal will push forward two-decade-plus effort to build barriers and take other steps to prevent invasive species migration into the key U.S. shipping and recreation hub.

Deals 74
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Can a VR-enabled AEC firm transform your project?

BD+C

Can a VR-enabled AEC firm transform your project? 0 qpurcell Mon, 07/08/2024 - 09:59 Virtual Reality With the aid of virtual reality and three-dimensional visualization technologies, designers, consultants, and their clients can envision a place as though the project were in a later stage. Sydney Unnerstall, Marketing Coordinator Contractors Designers Engineers Architects BIM and Information Technology Virtual Reality Take a moment to picture yourself entering your new building for the first tim

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Glasgow starts consultation on tall buildings in the City

Construction Law

Glasgow City Council has launched a public consultation on Tall Buildings in the City in response to an increasing number of them being built and planned. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account.

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Getting back on track – finding solutions to project obstacles

Construction Dive

As labor shortages and lack of skilled workers loom, one MEP Contractor creates pathways to ease project takeovers and meet critical deadlines.

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The Funding Blueprint for Your Construction Business – Your Guide to Growth

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.

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Nominate Outstanding Women in Construction 2024

Construction Business Owner

Nominate Outstanding Women in Construction 2024 Recognizing today's leading construction professionals mhodges Mon, 07/08/2024 - 14:54 Construction Business Owner (CBO) Magazine is thrilled to announce the opening of nominations for our annual celebration of some of the most hardworking professionals in the industry — our special section to honor Outstanding Women in Construction (OWIC).

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GSA PBS JOC Program Management Audit – Issues Continue

Job Order Contracting

GSA PBS JOC Program Management Audit – Issues Continue: The General Services Administration (GSA) Public Buildings Service (PBS) has faced scrutiny and criticism in the past for various financial and management issues, including those related to Job Order Contracting (JOC) programs. Financial Management Issues Budget Overruns : There have been instances where projects managed by GSA PBS exceeded their budget estimates, leading to increased costs and financial inefficiencies.

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Prices of Construction Materials Fall 0.3% in June

Contractor Magazine

Overall construction input prices are 1.1% higher than a year ago, while nonresidential construction input prices are 0.7% higher.

Materials 113
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Data center demand continues despite supply bottlenecks

Construction Dive

Momentum for these projects has escalated again, fueled by institutional investment and strong underlying fundamentals, according to a recent CBRE report.

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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

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.

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What You Stand to Gain From Mentorship Programs

Construction Business Owner

What You Stand to Gain From Mentorship Programs ccapoccia Thu, 07/11/2024 - 10:54 Mentorship has direct impacts on a career. Your business can benefit from implementing or participating in a mentorship program for your workforce.

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The Top 10 Smart Home and Building Innovations 

Construction Today

The construction industry is at the forefront of a technological revolution, and nowhere is this more evident than in the rise of smart homes and buildings. These structures leverage advanced technologies to create more efficient, comfortable, and sustainable living and working environments. Here’s a comprehensive look at the 10 key innovations driving this transformation: The Internet… Source The post The Top 10 Smart Home and Building Innovations appeared first on Construction Tod

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Bringing the Mechanical Room Back to Life

Contractor Magazine

Michael Flynn and his crew conduct a successful oil-to-natural gas conversion.

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Easing inflation, potential rate cuts boost backlog

Construction Dive

Builders have fared well so far this year despite high interest rates, rising prices and emerging weakness in the broader economy, according to ABC Chief Economist Anirban Basu.

ABC 154
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Mortenson Picked to Build $1.3B Tampa Bay Baseball Stadium

ENR Construction

Facility for Major League Rays' franchise, set to start construction next year, will anchor $6.5B St. Petersburg, Fla.

Tampa 83
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Prices of Construction Materials Fall 0.3%

Construction Superintendent Magazine

Construction input prices fell 0.3% in June 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 declined 0.4% for the month. Overall construction input prices are 1.1% higher than a year ago, while nonresidential construction input prices are 0.7% higher.

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High-water mark of adjudication passed with Supreme Court judgment

Construction Law

Collateral warranties are not construction contracts and cannot be the subject of adjudications, the Supreme Court has ruled. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account.

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Workers’ families file suit over Boise, Idaho, hangar deaths

Construction Dive

Relatives of two workers have sued several contractors, claiming rushed work and shoddy materials led to the fatal jobsite collapse in January.

Idaho 150
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How Poor Planning and Budgeting Lead to Construction Cost Overruns

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.

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Intel Capital Invests in $15M Venture Round for AI-Powered Buildots

ENR Construction

The startup has seen its construction progress documentation and machine learning-based schedule analyzer technology used on large, complex projects around the globe.

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New Quarterly Cost Report Charts Construction Trends in North America Cities

Construction Superintendent Magazine

International property and construction consultancy firm Rider Levett Bucknall has released its latest Quarterly Cost Report, providing an eye-opening perspective on the North American construction industry in 14 key markets. The latest RLB quarterly cost report, with data current to mid-Q2 2024, shows that the national average increase in construction costs was 1.12% over the previous quarter.

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New procurement routes promised for water infrastructure investment

Construction Law

Water regulator Ofwat proposes cuts to water company’s infrastructure investment plans over the next five years by some £16 billion, at the same time as announcing that new funding models will be used in procurement of what is still a giant programme of £88 billion. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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After stalled labor talks, $2B Columbus airport project receives more funds

Construction Dive

Negotiations between local unions and contractors did not yield an agreement, but Hensel Phelps and the project owner say they’re dedicated to hiring local, disadvantaged businesses.

Columbus 150
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Every Contractor Needs An Effective Website - Unlock the Key to Increased Leads

Grow Leads & Visibility! Contractors need more than word-of-mouth. A strong website boosts visibility, draws in leads, showcases skills, and enhances your credibility. Learn how a quality site, that is easy to manage, can set you apart from the competition, and help can take your construction business to the next level. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry.

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Report: Standardizations, Federal Commitment Needed for High-Speed Rail in the US

ENR Construction

Environmental reviews and planning for projects should be separated, researcher says.

US 79
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AIA’24: Colorful and Creative Metal Cladding

BD+C

AIA’24: Colorful and Creative Metal Cladding 1 kcichowicz Tue, 07/09/2024 - 10:08 Missed us at AIA? Join Petersen’s Rob Heselbarth in the booth for a closer look at the wide range of colors and creative uses of PAC-CLAD products.

AIA 52
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Driver death leads to £333,000 fine for housebuilder

Construction Law

Housebuilder Avant Homes has been fined more than £300,000 after a driver was crushed to death by falling concrete blocks at a construction site in South Lanarkshire. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account.