Business: Page 342

Construction News Tracker
[NEWS TRACKER VIDEO] Continuing Resolution Prevents Losing Billions in Highway Funding
Congress passed HR 3055 which will keep the government open until December 20 and repeals the $7.6 billion rescission in federal highway funding; plus more construction industry news on the December 5, 2019, edition of Construction News Tracker.
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Construction News
Real Growth for 2020 Transportation Construction Market, ARTBA Chief Economist Says
American Road and Transportation Builders Association (ARTBA)
Total domestic transportation construction and related-market activity in 2020 should reach $300.4 billion
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Business
ABC 2020 Forecast: Construction Momentum Will Persist Amid Economic Uncertainties
Associated Builders and Contractors Inc. (ABC)
Associated Builders and Contractors' chief economist forecasts continued momentum for the construction sector in 2020 but advised an overall “wait-and-see” approach based on economic uncertainties.
iStock/Getty Images
Business
Top Construction Mega Cities in 2019
In 2019, Dubai tops the list of major cities with large-scale construction project pipelines with investment values above $30 billion; New York sits at the number 3 spot on the list.
Dubai, London and New York top GlobalData's 2019 Construction Mega Cities list.
Business
Court Rules Conditions Attached to Payment of Retainage Violate Prompt Pay Act
The Supreme Court of Vermont recently held that the conditions attached to a contractor’s payment of retainage to a subcontractor violated the state’s Prompt Pay Act.
If you insist on adding conditions to final payment, you may have a violation of your state’s prompt pay act on your hands.
Machine Grade Control, GPS, Laser & Other
The Contractor's Best Friend Podcast: Technology Advancements to Prepare for Part 2
Brad Humphrey and the Caterpillar subject experts are back with part two of the Technology Advancements to Prepare for podcast.
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Business
How to Audit the “Hard Stuff” in Your Construction Business
GB Financial Services, LLC
Evaluate the hard assets to get a clear picture of the financial status of your construction business.
Evaluate your hard assets to get a clear picture of your financial status.
Business
Construction Employment is on a Declining Trend
Associated Builders and Contractors Inc. (ABC)
In October 2019, estimated not seasonally adjusted construction unemployment rates increased nationally and in 34 states while the construction unemployment rate climbed from 3.6% to 4% over the same period.
Despite employing 146,000 more workers nationally in October 2019 compared to October 2018, the national construction unemployment rate climbed to 4% during that same period.
Concrete
Four ACI Inspector Certification Exams Offered at Spring Concrete Convention
In response to an increasing demand for ACI-certified inspectors, the institute will offer certification exams at its spring convention in Chicago.
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Rental
Equipment Rental Industry Trends of 2019 and 2020
BigRentz
BigRentz CEO Scott Cannon discusses construction equipment rental trends in 2019 and projections for 2020.
Scott Cannon Ceo Big Rentz
Business
2020 State of the Road Building Industry: Experts Weigh-In on What’s Coming
Contractors don’t have 20/20 vision for the year ahead and there are some legitimate reasons for that
While contractors may have apprehension for the year ahead, experts say there’s reason to stay positive.
Business
Nonresidential Construction Spending Falls in October
Associated Builders and Contractors Inc. (ABC)
Economic indicators are providing mixed signals about the U.S. construction industry’s trajectory; spending is down but backlog remains high
Abc Spending Graph 12 2 19
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