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Construction News Tracker: 2012 Construction Outlook

AGC and ABC chief economists weigh in on the 2012 construction outlook; why the House dashed all hope for a 2011 Highway Bill; and how FHWA is encouraging innovation in highway construction. All this and more on the construction industry newscast.

Dec 15, 2011
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Construction Job Openings Rate and Quits Rate chart August 2012 to August 2026 with ABC logo
Construction Job Openings Fall to 251,000
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Bar chart showing vendor payment timelines: 57.1% paid within 15 days, 26% in 15-30 days, 13% in 31-45 days, with smaller percentages for longer payment delays.
Survey Finds Late Payments and Portal Work Burden Construction Vendors
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Construction and industrial workers with digital technology overlays and cityscape representing innovation and engineering services
AI in Construction: Building Capacity, Not Replacing Workers
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Construction workers in hard hats planning on rooftop with digital cityscape overlay at sunset
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Construction Job Openings Fall to 251,000
Associated Builders and Contractors Inc. (ABC)
Construction job openings declined by 48,000 in August but remained 38,000 higher than a year earlier, according to BLS data.
Construction Job Openings Rate and Quits Rate chart August 2012 to August 2026 with ABC logo
Business Management
Survey Finds Late Payments and Portal Work Burden Construction Vendors
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A survey of 417 small and midsized vendors examines payment delays, portal administration, compliance work and technology adoption.
Bar chart showing vendor payment timelines: 57.1% paid within 15 days, 26% in 15-30 days, 13% in 31-45 days, with smaller percentages for longer payment delays.
Automation & AI
AI in Construction: Building Capacity, Not Replacing Workers
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With labor shortages, rising costs and ever-increasing schedule pressure, artificial intelligence is about survival and reframing how your workforce views the technology is a must.
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ServiceTitan Report Finds Commercial Contractors Focused on Profitability, AI
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A survey of 1,020 commercial contractors examines AI adoption, cash flow, service agreements, cost pressures and field information gaps.
Construction workers in hard hats planning on rooftop with digital cityscape overlay at sunset
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HD Construction Equipment, Manitou Group Sign Compact Equipment Partnership
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The agreement calls for both companies to source and distribute compact construction equipment through their respective global product lineups.
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CM Labs Adds AI, Session Review Tools to Intellia Training System
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New features give construction equipment instructors tools to review trainee performance, provide AI-assisted guidance and track classroom results.
Heavy equipment operator training simulator with multiple monitors and yellow safety striping in control room
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KEEN Utility Adds Two New Liberty Work Boots
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The Liberty Chelsea and Liberty Racer feature waterproof membranes, carbon-fiber safety toes and cushioned midsoles for wet and demanding jobsites.
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Put AI Takeoff Tools to the Test Before Trusting Them with Your Bids
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A controlled AI takeoff evaluation can reveal accuracy, traceability, revision handling and the human review needed before quantities reach the estimate.
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