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Category: Procurement


Construction Processes, Procurement

Construction input prices drop 3 months in a row

January 16, 2024

Via: Construction Dive

Despite continued materials price moderation and other positive momentum around inflation, the construction materials cost outlook still carries inherent risks, said Basu. “Piracy in the Red Sea and the resulting diversion of ships from the Suez Canal around the Cape […]


Construction Processes, Procurement

Construction input costs stabilizing but volatility ‘isn’t dead’

December 14, 2023

Via: Construction Dive

While an easing of pandemic-era price spikes is welcome news, construction has been grappling with new challenges this year. High interest rates, strict equity requirements, banks that have restricted or exited commercial real estate and extreme lead times for certain […]


Construction Processes, Procurement

Warehouse surge drives construction planning higher

November 7, 2023

Via: Construction Dive

Martin said last month that lingering high interest rates, supply chain snarls and tighter lending standards are likely to continue to weigh on the commercial segment, such as office, retail and warehouse projects. So, while improvements in warehouse planning pushed […]


Construction Processes, Procurement

Canadian wildfires raised air pollution. Lumber prices could be next.

July 17, 2023

Via: Construction Dive

Canadian wildfire smoke continues to blow over much of the U.S., raising air pollution to harmful levels for construction workers. Now, the impact of the fires is likely to raise U.S. lumber prices, too. Canada’s 2023 wildfire season has been […]


Construction Processes, Procurement

Friday Feedback: Which materials are most expensive?

July 7, 2023

Via: Construction Dive

The cost of popular construction materials has been hard to nail down since the start of the COVID-19 pandemic. About 82.5% of construction materials have experienced a significant cost increase since 2020, with an average jump of 19%, according construction […]


Construction Processes, Procurement

Construction expert predicts flat material prices for second half of year

June 29, 2023

Via: Construction Dive

Strong nonresidential construction activity is maintaining price pressures on concrete, steel and other key materials, said Chris Delaney, commercial manager in the Americas division at construction consultancy firm Linesight. After a brief drop in the second half of 2022, steel […]


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

How contractors use tech to tighten up supply chains

April 19, 2023

Via: Construction Dive

Contractors are beginning to centralize and automate their supply chain processes. The COVID-19 pandemic exposed the industry’s soft underbelly when it comes to materials procurement and management, but the next step — utilizing blockchain and artificial intelligence to track and […]


Construction Processes, Procurement

How to combat ongoing supply chain shortages in construction? Come equipped with options

March 13, 2023

Via: Construction Dive

Before 2020, the idea of lengthy wait times for construction materials was not only unheard of, it was unacceptable. Over the last two years however, as the supply chain crisis has continued, material shortages in construction have become a reality […]


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 […]


Construction Processes, Procurement

NY union head: Material prices are construction’s ‘biggest challenge’

February 10, 2023

Via: Construction Dive

Felice Farber describes herself as “a public policy wonk.” A former lawyer and government affairs officer for the General Contractors Association of New York, she said her passion lies at the intersection of construction and public policy. Farber was appointed […]


Construction Processes, Procurement

Cost for construction materials ‘decline steeply’ in December

January 23, 2023

Via: Construction Europe

Plunging prices for diesel fuel, lumber, and steel slowed inflation for materials and services used in construction in December in the US, but relief may be short-lived, according to an analysis by the Associated General Contractors of America of government […]


Construction Processes, Procurement

Construction input prices log biggest drop since April 2020

January 20, 2023

Via: Construction Dive

December’s reading represents the smallest yearly increase since January 2021, according to ABC. “Recent consumer and Producer Price releases indicate that inflation is fading, though it remains well above the Federal Reserve’s 2% target,” said Basu in the report. “Should […]


Construction Processes, Procurement

Construction Material Prices Fall in Dec., But Outpace Goods in 2022

January 18, 2023

Via: ENR

Inflation appears to be impacting construction materials prices more than other sectors of the economy even as it eases. Construction input prices fell in December at a greater rate than the Producer Price Index, but still outpaced the wholesale level […]


Construction Processes, Procurement

Inflation could sap infrastructure act’s buying power this year

January 3, 2023

Via: Construction Dive

Inflation could severely weaken the impact of funding from the Infrastructure Investment and Jobs Act, experts say. High prices for construction materials and other project inputs are already sapping jurisdictions’ additional buying power from the federal legislation, according to analysis […]


Construction Processes, Procurement

Construction Groups Say Rail Strike Would Disrupt Fragile Supply Chain

November 30, 2022

Via: ENR

Contractors and construction materials suppliers are calling on the U.S. Senate to pass an emergency bill that cleared the House of Representatives on Nov. 30 that would impose a tentative agreement reached by freight rail companies and labor unions brokered […]


Construction Processes, Procurement

The future is collaborative: The advantages of alternative procurement

October 10, 2022

Via: Construction Dive

Over the past decade, collaborative contracting methods have become more prominent in infrastructure projects. These project delivery practices, also known as “alternative procurement,” are differentiated from traditional low-bid or hard-bid contracting by the early involvement of the contractor in the […]


Construction Processes, Procurement

Specialty Contractors in High Demand Amid Supply Constraints

August 25, 2022

Via: ENR

Steep inflation over the past few months has exacerbated what was already a volatile market for construction materials, further complicating specialty contractors’ efforts to successfully navigate a post-pandemic environment where many markets remain active, albeit with resources in short supply. […]


Construction Processes, Procurement

AGC, ABC Say Contractors Face Continued Pressure From High Material Prices

July 18, 2022

Via: ENR

Impacts from a rise in construction material prices are still being felt despite some recent signs of prices stabilizing, according to new analyses by the Associated General Contractors of America and the Associated Builders and Contractors. According to an analysis […]


Construction Processes, Procurement

Peak pricing? June’s PPI shows signs of relief for construction materials.

July 15, 2022

Via: Construction Dive

The report comes on the heels of a broader analysis from Jay Pendergrass, director of supply chain at No. 11 contractor Gilbane, who noted declines in steel, copper and lumber going into the second half of 2022. Taken together, the […]