WASHINGTON (Dec. 15, 2021) — Low financial stress, an expanding housing sector and increased federal spending on infrastructure are expected to propel equipment and software investment growth of 4.6% for 2022. Annual U.S. GDP growth for 2022 is forecast at 3.5%, according to the 2022 Equipment Leasing and Finance (ELFA) U.S. Economic Outlook.
ARLINGTON, Va. (Dec. 15, 2021) — Prices of numerous construction materials soared again in November, outpacing the rate at which contractors raised their bid prices, according to an analysis by the Associated General Contractors of America (AGC) of government data. Association officials said the current steps being taken to address supply chain problems and rising prices have been insufficient and urged public officials to redouble their efforts.
WASHINGTON (Dec. 14, 2021) — Construction input prices increased 1.4% in November compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also increased 1.4% for the month.
How robotic process automation can decrease costs & improve efficiency & productivity
BELLPORT, N.Y. (Dec. 9 2021) — Three New York concrete supply and construction companies and their owner, who schemed for 3 years to deny overtime pay to 99 laborers, have been ordered to pay the workers a total of $987,591 in back wages and liquidated damages, plus interest, in a consent judgment entered in the U.S. District Court for the Eastern District of New York.
Inside the cost savings, increased efficiencies & informed decision-making of BIM
WASHINGTON (Dec. 8, 2021) — A new report from the American Institute of Architects (AIA) is providing insights on how architecture firms view technology adoption and how firm culture impacts technology management.
Exploring the past, present & future of machine control technology
ARLINGTON, Va. (Dec. 6, 2021) — Construction employment increased by 31,000 jobs between October and November as nonresidential construction firms added workers for the third month in a row, according to an analysis by the Associated General Contractors of America (AGC) of government data. Association officials said construction firms were likely to have added even more jobs if they could find more qualified workers to hire with many firms reporting a growing number of unfilled positions.
