Economy
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Eduardo Munoz Alvarez via Getty Images
The 12 most expensive US cities for construction
A new analysis by project management firm Cumming details the most expensive cities in which to build and the types of projects that cost the most.
By Jenn Goodman • April 16, 2021 -
Briq launches first payment, rewards card for construction
BriqCash lets contractors automate invoice processing, manage vendors and make direct payments that earn cash back and rewards.
By Jenn Goodman • April 14, 2021 -
Courtesy of Suez Canal Authority
Deep DiveSoaring material prices, supply chain delays spook owners and developers
The rising cost of many materials and increased sourcing headaches have project owners rethinking their return to normalcy and threaten to derail construction's expected resurgence.
By Joe Bousquin • April 12, 2021 -
Retrieved from Flickr/Tristan Schmurr.
Roadblocks to Recovery: The factors that could slow construction's comeback from COVID-19
Escalating labor costs, rising material prices and nervous clients could all stand in the way of construction's return to normalcy. Here Construction Dive tracks the factors that could slow the industry's return to normalcy.
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The image by U.S. Department of the Interior is licensed under CC BY-SA 2.0
Walsh indicates support for minimum wage hike, collective bargaining
In interviews last week, Labor Secretary Marty Walsh took worker-first positions on wages and the right to organize.
By Joe Bousquin • April 06, 2021 -
The image by U.S. Department of the Interior is licensed under CC BY-SA 2.0
In first week, Walsh talks about unions, jobsite inspectors, COVID-19 standard
Labor Secretary Marty Walsh discussed several issues of importance to U.S. contractors in his first days on the job.
By Joe Bousquin • March 29, 2021 -
Construction will face a labor gap of 430K workers this year, ABC says
U.S. construction companies will need to hire at least 430,000 and as many as 1 million workers this year, according to Associated Builders and Contractors.
By Jenn Goodman • March 26, 2021 -
Senate passes bill extending PPP deadline to May 31
The bill, which extends the deadline for Paycheck Protection Program applications for another two months, awaits President Joe Biden's signature.
By Anna Hrushka • March 26, 2021 -
Contractors' revenue expectations rise
While construction pros are feeling more optimistic than they were a year ago, concerns over labor, material costs and steel tariffs linger, according to the U.S. Chamber of Commerce.
By Jenn Goodman • March 23, 2021 -
Miljan Živković via Getty Images
Sponsored by Merchants Bonding CompanyAll surety is not alike: proactive claims team provides big benefits
One change order dispute can jeopardize multiple projects without the RIGHT surety in your corner.
By Gina Lockwood, Director of Claims, Merchants Bonding Company • March 22, 2021 -
Lawmakers introduce plan to extend PPP deadline to May 31
Small businesses will have two additional months to submit an application for a Paycheck Protection Program loan under the bill, and the Small Business Administration will have until June 30 to close pending applications.
By Anna Hrushka • March 15, 2021 -
Retrieved from aaronHwarren.
Construction employment falls nearly 7% year over year
While last month's severe weather in the South may have played a role in some job losses, economists are divided over whether the decline signals more serious problems ahead.
By Jenn Goodman • March 08, 2021 -
Buttigieg says infrastructure faces a 'once-in-a-lifetime moment' as bridges, roads get C- grade
Speaking at the unveiling of the American Society of Civil Engineers' infrastructure report card yesterday, Transportation Secretary Pete Buttigieg said now is the time to fix America’s crumbling infrastructure.
By Joe Bousquin • March 04, 2021 -
Despite 2020 layoffs, construction's labor woes persist
As the construction industry begins to recover from the pandemic, labor is getting harder to find and more expensive, a new analysis shows.
By Jenn Goodman • March 04, 2021 -
Courtesy of Amazon
Amazon Fresh builds its 10th store
The grocer has reached the 10-store milestone in just over five months with many more locations on the way.
By Jeff Wells • March 03, 2021 -
Retrieved from The White House/YouTube on January 29, 2021
Biden calls union reps 'real friends,' seeks their infrastructure input
The president yesterday met with the leaders of several construction-related unions, nominated a new head of the National Labor Relations Board and bolstered his apprenticeship initiative.
By Joe Bousquin • Feb. 18, 2021 -
Construction firms nab $13.7B total in PPP loans so far this year
The industry is second in total 2021 Paycheck Protection Program amounts after the restaurant and hotel category.
By Jenn Goodman • Feb. 16, 2021 -
Photo by Michael Weidemann via Unsplash
5 creative ways malls are repurposing their spaces
With lots of square footage and plenty of parking, shopping centers are rethinking ways to give their centralized locations new life.
By Kaarin Vembar • Feb. 16, 2021 -
Report: Most construction ESOPs not significantly impacted by pandemic
In a survey, 68% of construction firms with employee stock ownership plans reported their sustainability, cash flow and liquidity were not greatly affected, but 50% said 2020 profits took a hit.
By Kim Slowey • Feb. 12, 2021 -
Despite COVID-19 layoffs, construction union membership held steady in 2020
Newly released federal data also shows that wages for workers in unions and those covered by a union contract were greater than for nonunion workers.
By Kim Slowey • Feb. 02, 2021 -
Ridofranz/iStock
Sponsored by SkillSmartRebuilding an economy and growing diversity and inclusion
Simplify workforce and business compliance tracking and reporting so you can focus on what you do best – construction.
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Firms denied PPP forgiveness can take tax credit, IRS says
A change Congress made in December allows the credit for some Paycheck Protection Program loan recipients.
By Robert Freedman • Jan. 29, 2021 -
Report: Despite COVID-19, construction costs rose in these US cities
A new analysis from Rider Levett Bucknall details how construction costs have changed across 12 markets since before the coronavirus pandemic began.
By Jenn Goodman • Jan. 28, 2021 -
Retrieved from The White House/YouTube on January 21, 2021
Biden toughens Buy American rules
The revised policies, which will apply to the administration's plans for infrastructure and energy projects, will have ramifications for construction firms that do business with the federal government.
By Jenn Goodman • Jan. 26, 2021 -
Fotolia
OpinionInsurance 101 for small contractors
Here are 10 ways that small and medium-sized construction firms can keep insurance costs low while maintaining proper coverage.
By Rakesh Gupta • Jan. 22, 2021
