Category: Procurement

December 23, 2020

The three big drivers — backlog, revenue expectations and contractor confidence — in the business group’s report “nudged up” slightly from the third quarter, but failed to reach pre-pandemic numbers. All three CCI scores were 70 or above in Q1, […]

December 16, 2020

When it comes to the construction business, the only thing that defines success is the quality of relationships. Either it is the relationships with the customers or the suppliers, it is the key to business continuity that defines the growth […]

November 20, 2020

A construction project starts well before the first shovel breaks ground, and its margin can be won or lost in this early stage. Preconstruction is becoming widely recognized as the most critical phase of a project when it comes to […]

October 8, 2020

When it comes to construction, it is extremely important to have control over finances. Though it is one of those industries that have shown significant growth during the last two decades, construction firms are expected to face maximum loss on […]

June 2, 2020

Joe Piro is the vice president of supply chain for Providence, Rhode Island-based Gilbane Building Co., the 10th largest contractor in the U.S., according to ENR’s Top 400 List. Since the coronavirus crisis began, Piro has been tracking supply chain […]

March 6, 2020

Commercial real estate and development company JLL (Jones Lang LaSalle Inc.) has issued its U.S. Construction Outlook report for 2020 and predicts what has become an industry mantra as of late — slow and steady. Construction industry volume and employment […]

February 26, 2020

Anyone who works in the construction industry knows that anything can go wrong at a moment’s notice. Weather and injuries can delay a project, material shortages may increase prices and lack of communication can completely derail plans. When these things […]

December 3, 2019

The project planning process starts with a proposal estimate. Taking the time and effort to make a great proposal plan is a sure way to give the executing team the best shot for project success. The proposal estimate will have […]

November 15, 2019

Construction input prices remained unchanged on a monthly basis in October but are down 2.2% year-over-year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices […]

October 25, 2019

More than 1,000 days into the current administration, there is no escaping that the “Trump tariffs,” as they have come to be known, have caused a significant hike in material costs on most construction projects. The tariffs on imported materials […]