The nonresidential construction sector stands at a crossroads as we anticipate imminent interest rate cuts. With slower inflation, a weakening job market, and lingering recession fears, industry stakeholders are carefully weighing their options. Let's explore the current landscape and potential…
The construction industry is undergoing rapid transformation, driven by technological advancements, environmental concerns, and economic factors. Let's explore some key trends and the potential impact of each that are reshaping industrial and commercial construction: Virtual Design and Visualization Technologies These…
Cash flow is the lifeblood of any construction project, but it's an area that causes major headaches for commercial and industrial contractors. Delays in cash inflows can bring work to a grinding halt and jeopardize the entire project. Under a…
Automatic Storage Retrieval Systems that incorporate AI are valuable systems being used for cold storage facilities, manufacturing, warehouses, and distribution centers throughout the world 24/7. The capabilities of these systems are proving to be extremely valuable for general contractors, architects,…
The effects of climate change are being felt more intensely each year through increased frequency and severity of natural disasters like hurricanes, wildfires, flooding, and extreme temperatures. In fact, since 2000, the U.S. has experienced a 60% increase in billion-dollar…
It’s Construction Safety Week and the Associated Builders and Contractors (ABC) have released their 2024 Safety Performance Report. ABC’s research on more than 900 million work hours completed by participants in the construction, heavy construction, civil engineering, and specialty trades…
The construction industry is a critical sector in the United States, responsible for shaping the nation’s infrastructure and driving economic growth. However, it also has one of the highest rates of business failure of any economic sector. In fact, according…
The resurgence of wood as not just an aesthetic option but a core construction material revolutionizing the building sector. The use of wood, and particularly mass timber and prefabrication, is a game-changer for architects, contractors, project managers, and construction owners…
The year 2024 has ushered in groundbreaking advancements that promise to reshape the construction landscape, offering unprecedented efficiency, accuracy, and safety. Whether you're an architect, owner, builder, or project manager, staying abreast of the latest innovations will keep you ahead…
The construction industry continues to face inflation, supply chain issues, cyber threats, and project delays. While these problems can cause conflict, owners and project managers are finding ways to adapt to this environment and mitigate risks in contracts. The legal world…
Large general contractors must look to operational strategies to offset expenses due to workforce shortages, budget uncertainties, and unforeseen delays. Retain and Attract Skilled and Quality Labor The construction industry continues to struggle with a shortage of skilled and quality…
Construction companies that utilize AI-powered tools and technologies can improve safety, enhance efficiency, and improve the overall quality of their projects, staying ahead of the competition. Among emerging construction technologies helping to build better more efficient projects are: Virtual and…
As the construction industry becomes increasingly more complex with accelerated schedules, labor shortages, material costs increasing, and continued supply chain issues – owners and developers are finding the preconstruction phrase is more important than ever. To avoid costly mistakes and…
Artificial intelligence. Connectivity. Renewable energy. Alternative materials. All these things and more will have a dramatic impact on the construction industry moving forward. Some are already incor- porated into workplaces while others remain on the precipice. We took a look…