Category: Construction Processes

July 21, 2021

Architecture firms reported increasing demand for design services in June according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for June remained at an elevated level of 57.1 (any score […]

July 21, 2021

This article focuses on the latest U.S. building material cost increases as laid out in the Producer Price Index data set compiled and published by the Bureau of Labor Statistics. The PPI series measures prices for goods as they leave […]

July 15, 2021

Unprecedented price increases for a wide range of goods and services used in construction pushed up contractors’ costs by a devastating 26.3% from June 2020 to June 2021, according to an analysis by the Associated General Contractors of America of […]

July 14, 2021

Gilbane Building Company CEO Mike McKelvy notes that COVID-19 is not the first pandemic that his company has faced. Founded in 1870, Gilbane was in operation during the Spanish flu pandemic of 1918 to 1920. Now, the contractor is expanding […]

July 14, 2021

The Biden Administration’s proposed infrastructure spending plan is a rare chance for most school districts to make their buildings greener and cheaper to operate. This is a ‘once in a lifetime opportunity’ to make major upgrades to public school facilities, […]

July 13, 2021

In May 2020, the SBA mandated that businesses that received loans of more than $2 million complete a questionnaire regarding their operations and financial conditions during the pandemic. It requested information about gross revenues, capital improvement projects, dividend payments and […]

July 8, 2021

A recent Construction Dive analysis revealed that public construction firms’ effective federal tax rates are among the lowest of any sector. The 19 largest profitable firms in the industry paid a collective 16.8% on their U.S. profits in federal taxes […]

June 25, 2021

Construction is one of the largest industries in the world’s economy that generates trillions of dollars every year. However, the industry faces many challenges like tough competition, low profit margins, cost overruns, and tight project delivery deadlines. These challenges are […]

June 25, 2021

Insurance carriers view many construction companies and contracting businesses as high-hazard. After all, many construction workers and contractors are exposed to hazards, such as falling from rooftops, working with heavy machinery, being injured by construction equipment, electrocutions and exposure to […]

June 21, 2021

BIM first entered the scene a few decades ago as a way to help teams better visualize completed projects, coordinate scheduling and finish work faster and more efficiently. It offered a new way to manage project information, strengthen design team […]