Tag: contractors

March 10, 2022

The objective of the memo is to create good-paying jobs, with the choice to join a union, for workers in traditionally underserved communities, according to a joint statement from DOL and DOT released this week. But it also said it […]

March 7, 2022

Many economic issues caused or worsened by COVID-19 have abated, and will continue to fade, according to ABC’s Chief Economist Anirban Basu. “Evidence indicates that contractors have had a somewhat easier time filling available positions recently,” Basu said in a […]

March 4, 2022

When talking with developers and design firms these days, the discussion will quickly turn to the extraordinarily rapid upticks in material and other construction input costs and how they are causing some owners to put project go-aheads on pause while […]

February 11, 2022

In addition to the group of contractors and developers, local officials also are pushing for the Teamsters and the concrete companies to return to the negotiating table, citing a threat of more than 15,000 layoffs across several industries. Those at […]

January 19, 2022

Briq Cash wants to solve what it calls “inefficiencies” surrounding payments in the construction industry, from time-consuming tasks like opening multiple accounts to digitizing files and data like receipts and invoices. “There’s different regulatory requirements that sometimes companies have to […]

January 5, 2022

With some of the slimmest profit margins across different industries, an occasional oversight could lead to bad news for construction companies. It can be as easy as a rounding error here, a missed invoice there, or even an accidental overpayment. […]

December 9, 2021

Contractors and unions expressed skepticism about the enforcement of New York City’s vaccine mandate on all private-sector workers. The announcement on Dec. 6 applies to employees working in person in New York City, and will go into effect Dec. 27, […]

November 29, 2021

When the American Recovery and Reinvestment Act of 2009 passed, the public construction firms eagerly anticipated a windfall of funding and new projects. But then localities shifted the projects to other priorities. The Recovery Act “really amounted to a pretty […]

November 17, 2021

When The Boldt Co. was asked to submit a proposal for a new building’s structural steel package based on very limited drawings of an existing one, the estimating team didn’t flinch. Using BIM software Autodesk Revit, Boldt designers were able […]

October 22, 2021

The falloff in ABC’s recent Construction Backlog Indicator stands in contrast to the optimism expressed earlier this year as the pandemic was showing signs of receding. Despite the challenges, in The Marcum National Construction Survey, released last week, construction executives […]

October 21, 2021

On Oct. 11, Texas Gov. Greg Abbott issued an executive order limiting vaccine mandates, even for private employers. This flies in the face of President Joe Biden’s September announcement that all large employers must require their employees to be vaccinated […]

October 18, 2021

At conventions, on Zoom calls and in casual conversation, it’s the only thing contractors talk about anymore. Everyone wants to know how everyone else is dealing with the rapid escalation of material prices, a crisis that revved up last spring […]

October 12, 2021

When it comes to diversity and inclusion, construction is still on the ground floor. Compared to the overall workforce, the construction industry is overwhelmingly White and male. Even though Hispanic or Latino people, which is a measure of ethnicity and […]

October 7, 2021

After three weeks of strikes and picketing, Washington state carpenters have agreed to a tentative agreement with the Associated General Contractors of Washington that includes a 15.43% total wage and benefits increase in a three-year contract. The Northwest Carpenters Union’s […]

September 29, 2021

A digital twin is a virtual representation of a physical facility in the form of a three-dimensional model that contains evolving, dynamically-updated data on the state of the project. Digital twin technology is used to simulate and predict how a […]

September 24, 2021

The survey found that, much like in the wider professional world, hybrid work is here to stay for construction even though it is typically thought of as an in-person industry. Many companies reported seeing a wide range of benefits by […]

September 23, 2021

With 46% of construction workers claiming they will not get vaccinated for Covid-19, President Joe Biden’s Sept. 9 executive order requiring vaccines for all federal contractors and for companies with more than 100 employees has become a concern for the […]

September 22, 2021

The emphasis on data in construction isn’t new, but the depth of related financial losses is a reminder of how important carefully gathering and crunching the numbers is for the industry. In 2020, construction generated $84.5 trillion and represented 13% […]

September 17, 2021

Between COVID-19, the five named storms that hit the state in 2020 and the industry’s ever-present labor shortage, Louisiana contractors have spent the last year trying to get by with a maxed-out workforce and pandemic-related supply chain shortages. Hurricane Ida […]

September 16, 2021

U.S. commercial and residential builders breathed a sigh of relief last month when softwood lumber prices dropped more than 30% after reaching an all-time high in May. Although prices still remain elevated, they have come down to a more manageable […]