Profit Matters: Page 54

Industry Insiders Foresee a Mixed Economic Forecast for Construction

Industry segments will offer a mixed bag in 2020 with trade issues a continuing factor.

The Associated Contractors of America (AGC) is optimistic about residential and commercial construction, expecting modest increases in both residential construction spending (2 to 7%) and nonresidential private and public spending (0 to 4% each) in 2020.

U.S. Economic Expansion Begins to Slow

Associated Builders and Contractors Inc. (ABC)

The U.S. economy expanded at an annualized rate of 2.1% in the fourth quarter in 2019, despite investment in structures declining at an annualized rate of 10.1%.

Gdp Table Q4 19

Construction Technology

[PODCAST] Opportunities of Artificial Intelligence in Construction with Tom Valbak Aardestrup

Tom Valbak Aardestrup, VP Business Development with Trackunit, discusses artificial intelligence (AI) and the opportunities it offers in helping to eliminate downtime in construction.

Financing, Insurance & Leasing

Contractors Confident Sales, Profit and Staffing Will Increase in 2020

Associated Builders and Contractors Inc. (ABC)

Sales and profit margin expectations reached their highest levels since May 2019, while staffing expectations reached their highest level since April 2019.

Over the next six months, 75% of contractors expect sales to rise, nearly 65% expect to increase staffing levels and more than 50% expect their profit margins to increase.

Construction News Tracker

[NEWS TRACKER VIDEO] Trump Proposes Changes to Federal Environmental Oversight on Construction Projects

President Trump has proposed a new rule that would rollback federal environmental oversight of construction projects; plus more industry news on the January 23, 2020 edition of Construction News Tracker.

Construction News Tracker Jan232020

Project Management

The Contractor's Best Friend Podcast Season 3 Episode 11: Turn Data into Dollars

What’s the hype with telematics?

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Build a Pro-active Plan to Recruit Good Workers in a Tight Labor Market

Construction Business Coaching

Construction business coach George Hedley outlines a 9-step pro-active plan for construction companies to help them find and keep top performers.

In order to combat a people shortage problem, construction contractors need to be pro-active and have a program in place to fill current and future positions.

Drop in Construction Backlog Isn't Cause for Concern

Associated Builders and Contractors Inc. (ABC)

Associated Builders and Contractors' Construction Backlog Indicator fell slightly to 8.8 months in November, a 1.5% decline from October’s reading.

Nonresidential construction backlog has generally been trending lower over the last year.

Allplan Bridge 2020-1 Integrated 4D BIM Solution for Bridges

Parametric modeling, structural analysis and detailing in one model

Allplan Bridge 2020 1 Traffic Loads

Financing, Insurance & Leasing

Construction Input Prices Appear to Be Stabilizing After Nearly Two-Year Decline

Contractors should expect gradual materials price increases moving forward but price spikes are not anticipated.

After nearly two years of decline, construction material prices are starting to stabilize.

Machine Grade Control, GPS, Laser & Other

Reality Capture Offers Suffolk Work Verification and Time Savings

Suffolk Construction

Suffolk Construction uses OpenSpace software to capture 360-degree video and photos from the jobsite without needing manual input like traditional tools.

Through the use of OpenSpace, Suffolk Construction can easily record project data that can be shared with other stakeholders.

Machine Grade Control, GPS, Laser & Other

The Contractor's Best Friend Podcast: New Equipment & Technology Part 2

Brad Humphrey and the Caterpillar subject experts take a deeper dive into how to utilize the payload weighing system for your job .

S3 E10

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