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Construction Spending Jumps 1.5 Percent In January 2016

Coming off the best year for construction spending since 2008, the January figures have 2016 off to a great start. The seasonally adjusted annual rate of construction spending for January was $1,140.8 billion. This is 1.5% higher than December’s estimate which was revised up from $1,116.6 billion to $1,123.5 billion. November’s estimate was also revised […]


13 Deadly Mistakes Of Construction Bidding

Putting together a winning bid proposal is a lot more complicated than putting some numbers together and hoping for the best. Good bid preparation requires a lot of time and effort that involves everything from reading and fully understanding the plans and specifications to accurately estimating costs for labor, materials and equipment. Making even the […]


Construction Firms Will See Higher Penalties & New Rules From OSHA In 2016

For the first time in 25 years, the maximum fines for OSHA violations are set to significantly increase this year. A provision in the budget bill passed by Congress and signed into law by President Obama last year included a provision in the “Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015” that would […]


Construction Firms Are Realizing The Benefits Of Virtual Reality

A recent survey by ARC Document Solutions on emerging technologies in the AEC industry revealed that 65.3% of respondents indicated virtual reality would be the next big technology trend. (The use of drones for surveying and project documentation was second at 61.9%.) The top two benefits of virtual reality use cited were easier visualization of […]


Construction Industry Adds 18,000 Jobs To Start 2016

The latest Employment Situation report from the Bureau of Labor Statistics was released this morning and the construction industry added 18,000 jobs in January. This is a bit of a letdown since the industry added an impressive 146,000 jobs during the final quarter of 2015. October (33,000), November (65,000) and December (48,000) for nearly half […]


Annual Value of Construction Put In Place Tops $1 Trillion For First Time Since 2008

Great News! As we predicted for most of last year, total value of construction put in place (CPIP) for 2015 was $1,097.3 billion, surpassing the $1 trillion mark for the first time since 2008 when it hit $1,077.4 billion. This is a 10.5% increase over the 2014 CPIP which was $993.4 billion. Based on the latest […]


Entering The Age Of Autonomous Construction Equipment

Imagine walking onto a construction site to find a fleet of bulldozers, graders and excavators doing site prep without any operators behind the controls. Upon closer inspection, you notice some of the equipment is cab-less with no manual controls. The operators might be standing at a safe distance operating the machine remotely. Maybe the equipment […]


Construction Adds 45,000 Jobs In December, 263,000 For The Year

The construction industry had another solid month of job gains, adding 45,000 in December.  November’s total was revised up from 46,000 to 48,000 jobs added and October was revised up again to 35,000 jobs added. In the 4th Quarter of 2015 the construction industry added 128,000 jobs. That means in the industry added nearly half […]


Annual Rate Of Construction Spending Drops 0.4% In November

In November the seasonally adjusted annual rate of construction spending dropped for the first time in 17 months. November’s seasonally adjusted annual rate was $1,122.5 billion, a decrease of 0.4% from October’s revised estimate of $1,127.0 billion. The last decrease in the annual rate was back in June 2014. Construction spending is up 10.5% from […]