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Tag: commercial construction


Construction Processes, Financial

How leveraging a digital payment platform in commercial construction increases speed and reduces risk

January 22, 2024

Via: Construction Dive

Most commercial construction businesses think about financial technology only when it comes to paying their large and often fragmented supplier base. But the right payment solution can make the payment process more efficient while addressing other critical business challenges and […]


News

Minneapolis Fed sees pain in residential, commercial construction

December 11, 2023

Via: Construction Dive

The Minneapolis branch reported the survey results ahead of the Federal Open Market Committee meeting on Tuesday and Wednesday, when policymakers are largely expected to leave interest rates alone. For months, contractors have observed a bifurcated construction market, one in […]


Construction Processes, Financial

Public projects fuel construction spending growth

November 2, 2023

Via: Construction Dive

The largest nonresidential segments showed mixed results from August to September, according to the Associated General Contractors of America construction spending report. Commercial construction, which includes warehouse and retail projects, increased 0.7% in September, noted the AGC report. Meanwhile, investment […]


News

US hotel construction pipeline rises 7%

October 31, 2023

Via: Construction Dive

The total U.S. hotel construction pipeline jumped to 5,704 projects at the end of the 2023’s third quarter, a 7% increase year-over-year, according to the report. That’s largely because a recovery in the hospitality industry coupled with an increase in […]


News

The Benefits of Growing Your Network in the Construction Industry for General Contractors

May 23, 2023

Via: ConstructConnect

In the world of commercial construction and especially working as a general contractor, networking and building relationships are vital and necessary skills that spur leads and drive revenue. Whether in person at a trade show, online on a project database, […]


Construction Processes, Procurement

Rising material and labour costs add US$97 billion to expenses of US subcontractors

April 21, 2023

Via: Construction Europe

Subcontractors in the US were hit with additional costs of US$97 billion in 2022 due to rising costs of materials and labour, according to a new study from Billd of nearly 900 commercial construction professionals across the US. Just over […]


Construction Processes, Procurement

Material prices back on the rise

February 17, 2023

Via: Construction Dive

After December’s numbers posted lower results, Ken Simonson, chief economist at the Associated General Contractors of America, warned that lower costs could be short-lived. “Some prices have already turned higher in January,” Simonson said last month. “Contractors are right to […]


Sustainability

Commercial construction planning falls after months of gains

February 9, 2023

Via: Construction Dive

The commercial component of the DMI fell 10% in January, while the institutional component dropped 4.7%. On a year-over-year basis, the commercial component remains up 40%, while the institutional component remains 16% higher. At the same time, activity in healthcare […]


News

Top 10 metros for construction starts

February 2, 2023

Via: Construction Dive

The top 10 metropolitan areas accounted for 40% of all commercial and multifamily starts in the U.S., up from 37% in 2021, according to the report. Commercial and multifamily starts consist of office, stores, hotels, warehouses, commercial garages and multifamily […]


Construction Techniques

Why 3D printing is still flat in commercial construction

February 1, 2023

Via: Construction Dive

Touted as a faster, safer and cleaner way to build, 3D printing technology has yet to scale in a meaningful way for nonresidential construction. While the government has doled out grant money to research 3D printing capabilities in space, and […]


News

Contractors added to backlogs in September, expect higher profits

October 11, 2022

Via: Construction Dive

Backlog in heavy industrial increased sizably in September, spurred by a 21.5% year-over-year increase in manufacturing-related construction spending. The booking of new projects, plus an even more optimistic outlook on profits and hiring, defies predictions of a recession taking the […]


Construction Processes, Financial

Construction spending dips, but contractors remain optimistic

October 4, 2022

Via: Construction Dive

Nonresidential spending totaled $859.3 billion in August on a seasonally adjusted annualized basis, as private nonresidential spending ticked down 0.1%, while public nonresidential construction spending decreased 0.8%. Residential spending fell 1% over the last month, while total construction spending dipped […]


News

Construction Equipment – Rent, Buy, or Lease?

September 30, 2022

Via: ConstructConnect

When it comes to acquiring construction equipment for your commercial construction company there are a number of factors to consider when it comes time to decide whether you rent, buy or lease. The first thing to consider is how often […]


Construction Techniques

7 Tips for Networking in the Construction Industry

March 25, 2022

Via: ConstructConnect

Networking is all about making new connections and building longstanding relationships. In the commercial construction industry being able to effectively network is a vital skill that as an individual could land you your next job or put your company on […]


News

Why modular has not clicked in commercial construction

March 24, 2022

Via: Construction Dive

Visions were grand, forecasts ambitious: Permanent modular construction would change the industry, saving time, money and the environment. But years after its initial adoption in the U.S., it accounted for just 5.5% of new construction last year in North America, […]


Sustainability

How Technology Can Resolve the Labor Shortage

November 4, 2021

Via: ENR

The U.S. commercial construction outlook is looking up, with forecasted growth of 6% in 2021, followed by another 10% uptick in 2022. The $1.2 trillion Infrastructure Investment and Jobs Act also promises to revitalize America’s aging infrastructure and stimulate the […]


News

U.S. Put-in-Place Construction Spending Picking Up M/M

September 3, 2021

Via: ConstructConnect

The latest (July 2021) U.S. put-in-place construction spending numbers from the Census Bureau are shown in Table 1 below. Year to date, the grand total is +6.2% (from the not seasonally adjusted/NSA column), but the decent-sized increase is only because […]


News

Commercial construction contractors upbeat on outlook despite worsening material shortages, worker shortages

June 17, 2021

Via: Building Design + Construction

Contractors continue to face a shortage of building materials like lumber and steel, while cost fluctuations for the building products are having increasing impact on business, according to second quarter data from the U.S. Chamber of Commerce Commercial Construction (Index). […]


Sustainability

Top 5 Coolest Buildings of 2020

December 14, 2020

Via: ConstructConnect

It’s time once again to unveil ConstructConnect’s Top 5 Coolest Buildings of the Year. Each year it gets harder and harder to narrow down our picks to just five buildings. In a normal year, we typically see a few of […]


Sustainability

Nearly 40% of women working in construction hold office support roles

December 7, 2020

Via: Construction Dive

Although the number of women in construction trades is growing — approaching 20% in some major metro areas —women represent just 3% of the workforce on jobsites, according to the BLS data. Women holding office support positions is nothing new, […]