Economy: Page 25
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AGC to Biden administration: Stop 'paying people not to work'
Contractors are looking to the federal government for help with labor shortages and material price escalations and delays.
By Jennifer Goodman • July 7, 2021 -
Drew Angerer via Getty Images
AEC firms to snare $126B under bipartisan infrastructure deal
A new analysis of the direct impact of the most recent infrastructure proposal projects $416 billion in annual output by 2026, a rise of 18%.
By Joe Bousquin • June 30, 2021 -
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Construction input prices jump 24%
A new analysis tracks the materials that have skyrocketed the most since last year, including softwood lumber, which is up 154%.
By Jennifer Goodman • June 16, 2021 -
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NYC, San Francisco among top 10 global cities with highest pandemic construction costs
Construction should benefit from its strong position coming out of the pandemic, according to the Arcadis 2021 International Construction Cost Index.
By Kim Slowey • June 4, 2021 -
Permission granted by Katie Long
Sponsored by NCCERConstruction and Coronavirus: the industry 1 year later
As construction continues toward recovery, it is also focusing back on other areas such as workforce development.
By Jonathan Arnholz • May 17, 2021 -
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PPP loan forgiveness not a sure thing
Construction companies that are turned down for forgiveness should be ready to contest the decision, lawyers at a recent webinar said.
By Jeffrey Steele • May 13, 2021 -
Karen Ducey via Getty Images
Construction momentum at 12-year high, despite continued challenges
Optimism is surging for next year's construction projects, according to Dodge Data & Analytics, but unemployment benefits are keeping workers away.
By Joe Bousquin • May 11, 2021 -
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PPP runs out of funds for most lenders
The cutoff comes nearly four weeks before the Paycheck Protection Program was slated to end.
By Dan Ennis • May 7, 2021 -
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 Jennifer 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 Jennifer 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.
April 12, 2021 -
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 6, 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 -
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 -
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 Jennifer Goodman • 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 Jennifer Goodman • March 23, 2021 -
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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 Jennifer Goodman • March 8, 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 Jennifer Goodman • March 4, 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 4, 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 3, 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 Jennifer Goodman • Feb. 16, 2021
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