Economy: Page 3

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    Opinion // Business Matters

    5 tactics to tell — and sell — your firm’s story

    Once you know what you want to say to potential clients, decide how best to present it.

    By Chemene Phillips • Dec. 14, 2023
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    Contech Funding

    4 contech firms, $60M in funding

    Amid a challenging venture capital environment and the struggles of their larger peers, contech startups continue to find fundraising success.

    By • Dec. 13, 2023
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
  • Funded By The Bipartisan Infrastructure Law
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    Economic Reports

    Infrastructure nudges backlog higher as other sectors struggle

    A growing number of contractors face difficulties in securing new work, according to Associated Builders and Contractors.

    By • Dec. 13, 2023
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    Balfour Beatty backlog, revenue inch up in year-end update

    The company expects marginal gains driven by its work on Phase 1 of Britain’s HS2 rail project and increased airport construction activity in Hong Kong.

    By • Dec. 11, 2023
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    Minneapolis Fed sees pain in residential, commercial construction

    A survey by the bank highlighted the divide between hard-hit private projects and booming industrial and infrastructure markets.

    By • Dec. 11, 2023
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    Economic Reports

    Construction spending inches higher

    Manufacturing and infrastructure investments fueled a 0.1% uptick in October, but warehouse and distribution center outlays tumbled.

    By • Dec. 1, 2023
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    Courtesy of Mutual of Omaha
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    Office construction may never return to pre-pandemic levels

    Despite some massive office towers breaking ground, Dodge Chief Economist Richard Branch expects starts in the sector to continue to tumble.

    By • Nov. 28, 2023
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    Profits fall for many public firms, partly due to inflation

    Amid soaring costs, several construction industry giants reported lower gains in recent earnings reports.

    By Construction Dive Staff • Nov. 28, 2023
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    Economic Reports

    Construction starts drop 7%, marking second consecutive loss

    Despite three megaprojects kicking off, high interest rates and tight credit restrained activity last month.

    By • Nov. 22, 2023
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    Opinion // Business Matters

    3 steps to a profitable exit strategy

    To make the most money when it’s time to sell, owners need to focus on building value in their firms, writes construction consultant Matt Verderamo.

    By Matt Verderamo • Nov. 21, 2023
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    2 years in, infrastructure law has funded 40,000 projects

    The White House said construction employment has also risen as a result of the influx in federal money.

    By • Nov. 16, 2023
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    Courtesy of McCarthy
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    McCarthy completes $92M Texas port project

    The St. Louis builder finished Port Houston’s Bayport Wharf 6 in 26 months on an accelerated timeline.

    By • Nov. 15, 2023
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    Contech surpasses $30B in total venture funding

    More construction technology providers will reach unicorn status even as venture capital slows in other sectors, according to an investment firm focused on the industry.

    By • Nov. 15, 2023
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    AECOM’s profits plunge on higher revenue, backlog

    CEO Troy Rudd said the strong U.S. dollar, which erodes the value of international contracts paid with foreign currency, impacted results.

    By • Nov. 15, 2023
  • Funded By The Bipartisan Infrastructure Law, Sections Of The I-95 Northeast Corridor Are Reconstructed
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    Economic Reports

    Construction input prices fall amid declining inflation

    The 1.2% drop in materials costs in October “should be cheered by most contractors,” said Anirban Basu, ABC chief economist.

    By • Nov. 15, 2023
  • As seen from an aerial view Connecticut Department of Transportation crews reconstruct a southbound Interstate 95 bridge on November 05, 2023 in Westport, Connecticut.
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Backlog drops to lowest level since Q1 2022

    “Many smaller contractors are feeling the sting of weaker economic fundamentals in struggling commercial real estate segments,” said Anirban Basu, ABC chief economist.

    By • Nov. 14, 2023
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    Deep Dive

    US manufacturing boom unlocks ‘once-in-a-lifetime’ opportunity for contractors

    Here are ways construction firms can cash in on the country’s $500 billion onshoring surge and the ancillary projects it is spurring. 

    By • Nov. 14, 2023
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    WSP’s profit, revenue, backlog up in Q3

    The Montreal-based firm sees a positive outlook for its green transition work and reaffirmed the guidance that it raised last quarter.

    By • Nov. 9, 2023
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    Microsoft-backed study shows AI investments producing returns

    For every $1 companies invest in AI, they are realizing an average of $3.50 in return, the report says.

    By Alexei Alexis • Nov. 8, 2023
  • As seen from an aerial view Connecticut Department of Transportation crews reconstruct a southbound Interstate 95 bridge on November 05, 2023 in Westport, Connecticut.
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Warehouse surge drives construction planning higher

    A total of 21 projects valued at $100 million or more entered the planning stages in October, including a $215 million Google data center, according to Dodge.

    By • Nov. 7, 2023
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    $3B in construction projects fuel downtown Detroit’s growth

    Large developments, including Newlab at Michigan Central and the renovation of the Book Building skyscraper, were recently completed in the Motor City.

    By • Nov. 7, 2023
  • Funded By Bipartisan Infrastructure Law, Mass Transit Construction Proceeds In Connecticut
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    Economic Reports

    Public projects fuel construction spending growth

    The 0.3% jump in September marks the 16th consecutive month of gains, according to U.S. Census Bureau data.

    By • Nov. 2, 2023
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    Israel-Hamas war could spike fuel prices, World Bank says

    The outlook for commodity costs will “darken quickly” if the Mideast conflict escalates, the international lending institution said this week.

    By • Oct. 31, 2023
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    Courtesy of Ford Motor Co.
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    Ford delays construction on second Kentucky battery plant

    The automaker is also delaying $12 billion in EV investments a month after it paused construction on its Michigan EV factory.

    By Kate Magill • Oct. 30, 2023
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    Permission granted by Minnesota Department of Veterans Affairs
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    Opinion

    Billions in deferred maintenance projects coming to US facilities

    A nationwide push to address delayed upkeep on public buildings and infrastructure will create myriad opportunities for contractors, according to a consultant.

    By Mary Scott Nabers • Oct. 25, 2023