Category: Interaction of Expertise

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 16, 2021

The proper practice of managing risks is every construction contractor’s road to a successful business. Risks related to the construction industry are vast and varied given the industry’s inherent nature. As such, project success very much rests on how well […]

May 25, 2021

Disagreements can arise on any size project and over a wide variety of issues. Consultancy firm HKA found in a 2020 report that scope changes drove the majority of construction disputes worldwide, followed by design errors; incomplete design; substandard management […]

March 26, 2021

The ABC study backs up recent findings from other groups that show a labor crunch is in the making for construction this year. For instance, the 2020 Marcum JOLTS Analysis of construction data released earlier this month found that despite […]

March 26, 2021

Construction is often a rewarding and profitable business, but like everything, it also has its share of drawbacks. For starters, it has never been more difficult to find and retain a skilled workforce than it is today. Project durations may […]

March 25, 2021

Over 220,000 U.S. bridges need major repair work or should be replaced, according to an analysis of the U.S. DOT 2020 National Bridge Inventory (NBI) database. That figure represents 36%, or more than one-third, of all U.S. bridges. The analysis […]

March 12, 2021

Construction is a tricky business. Especially, when it comes to the initial stages of the project lifecycle such as estimating and bidding process, contractors are often found struggling with inefficiencies. Though it is very natural with construction projects that involve […]

March 5, 2021

Effective risk management is key to every successful construction project. It can be the difference between making a nice profit and breaking even or worse, suffering a loss. So when should you begin your risk assessment? Are you doing it […]

February 26, 2021

On the call, Larkin explained the company’s internal investigation uncovered issues related to the timely recording of forecasted costs in its heavy civil group. Since taking over leadership last fall, he said he’s headed a “cultural reinvigoration” to emphasize clear-cut […]

February 16, 2021

Below are six graphs recording 12-month moving averages of ConstructConnect’s nonresidential construction starts. When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip. […]