WASHINGTON (Jan. 13, 2022) — Construction input prices rose 0.6% in December compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also rose 0.6% for the month.
CHICAGO (Jan. 11, 2022) — Engineering USA, the North American subsidiary of the Engineering Group, has completed the acquisition of Movilitas, an industry frontrunner in digital supply chain and digital manufacturing consulting services and solutions. This strategic expansion aims to strengthen the capabilities and unique market position of the organization's Industries eXcellence Global division, which specializes in the design, integration and delivery of holistic technology solutions covering the end-to-end life cycle of industrial products and processes.
ARLINGTON, Va. (Jan. 12, 2022) — Construction contractors expect increasing demand for numerous types of projects in 2022 despite ongoing supply chain and labor challenges, as most firms plan to add workers this year, according to survey results released by the Associated General Contractors of America (AGC) and Sage.
Why projects sometimes appear to be winning, but actually end up losing
PHOENIX, Ariz. (Jan. 9, 2022) — International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its new Quarterly Cost Report (QCR) for North America. With data current to mid-fourth-quarter and featuring construction cost information for 14 United States and Canadian markets, the QCR provides a statistical view of the state of the construction industry, detailing indicative construction costs for eight building sectors.
HAMILTON, N.J. (Jan. 7, 2022) — The Dodge Momentum Index fell 3% in December 2021 to 166.4, down from the revised November reading of 170.7. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In December, commercial planning fell 4%, and institutional planning slipped 1%.
Get rid of guesswork & make the most of your machines
STRONGSVILLE, Ohio (Jan. 6, 2022) — Foundation Software has announced the acquisition of Estimating Edge, developer of The Edge commercial construction estimating, project management tracking and takeoff software. This acquisition further enables Foundation to serve the construction community by providing software and services that align and strengthen contractors’ back-office operations.
BIRMINGHAM, Ala. (Jan. 3, 2022) — Construction Business Owner (CBO), the leading business magazine for contractors, is pleased to announce the return of its Sustainability VIP honor, a special initiative designed to recognize the construction professionals building a better future for the earth and its inhabitants.