“They’re no longer lollygagging when it comes to committing to projects…” That’s one of the first economic indicators a Canadian construction CEO noticed in 2022. This year the construction industry will see a year of rebuilding, reorganizing, and recommitment to the future. Challenges and opportunities. Construction Industry 2022 Pricing continues to be a shot in […]
Construction Industry Economic Outlook Read More »
The construction industry may be sailing into “the perfect storm” this year. A combination of factors may impact construction labor in 2022. Construction Dive says, “From a huge influx in public spending…vaccines…and continued social changes, here are the top trends impacting construction labor in 2022.” Construction Labor Trends To Watch We’re wooing high school seniors
Help Wanted: Construction Labor 2022 Read More »
The pandemic put most companies in jeopardy and almost every industry took a beating. Except multifamily real estate. Sometimes more is more: Rent and valuation growth are factors leading to increased multifamily construction development in 2022. Multifamily Construction In-Demand Economic situations led to almost double 1Q 2021 demand for rentals followed by record-high rent increases in
Multifamily Construction in 2022 Read More »
Only 16.7% of Zoomers (Generation Z; those born between 1981-1996) have expressed interest in construction as a career path. Internships are one way to address our biggest workforce issue (no workforce). Plus, internships can reinforce our biggest draw: Becoming an apprentice in the construction trade means you can earn while you learn. You don’t have
Building Our Industry: Small Awards Can Provide Huge Incentives Read More »
Operating costs are a fact of life for construction business owners. And just as we begin to embrace one technology for managing construction costs, another technology becomes more viable. Cloud capabilities for managing construction costs have many advantages. Application integration – You go one place for one piece of data but somewhere else for another
11 Ways the Cloud Manages, Modernizes Construction Costs Read More »
The recent construction industry slump in nonresidential structures is blamed on decreased demand, labor shortages, and the rising costs of materials. During 3Q 2021, project owners began postponing projects. The spending dropped most noticeably in lodging and public safety construction industry projects. Other Factors Impact Temporary Construction Industry Nonresidential Slump There are other factors at
Construction Industry Sees Decline in Commercial Investments Read More »
Business travel for construction companies has changed in 2020. We couldn’t hop on a flight or drop-in anywhere without masking, social distancing, vaccination-proving, and concerns. The pandemic will eventually be over but there are threats of other contagious diseases for 2022. Virtual meetings and Zooms – things we did because we had to in 2020 – may
Is It Time for Construction Companies to Rethink Business Travel? Read More »
When the global consulting firm HKA released a report analyzing construction claims and disputes, many knowledgeable construction industry leaders were stunned. CRUX Insight is an annual publication and was released 3Q 2020. It reports “colossal costs lost to construction claims and disputes.” Causes of Construction Industry Claims, Disputes The analysis revealed “eye-watering sums of money
Construction Industry Disputes: How To Avoid Them Read More »
It’s confusing on its best day. The construction industry is promoting COVID vaccine policies for all workers. But the Occupational Safety and Health Administration is mandating vaccinations, and that isn’t sitting well with many construction companies. Employees must vaccinate or prepare to test weekly by January 4, 2022. OSHA’s COVID vaccine mandate would make all
COVID Vaccine Mandates Problem or Protection? Read More »
In 2005, the Call Before You Dig awareness campaign officially adopted 811 as the universal number for consumers to call to request information about utility lines on properties. Construction business owners are diligent about this, but the system’s failures have come home to roost. There are more than 100 billion feet of underground utilities in
Construction Business Excavations and Underground Utilities’ Inefficiencies Read More »
