Commercial Construction Contractors' Outlook Lifts
Data from the first
quarterU.S. Chamber of Commerce Commercial Construction Index reveals contractors are growing more optimistic, mostly driven by a rise in revenue expectations. They also have better outlooks on hiring and equipment spending plans as business concerns related to the coronavirus pandemic lessen.READ MORE
$1.9T COVID-19 relief package includes billions for capital projects
In a 220-211 vote, the House of Representatives passed the $1.9 trillion COVID-19 relief bill, officially known as the American Rescue Plan Act of 2021, and presented the legislation to President Joe Biden on Wednesday. The package contains plenty of provisions that will benefit the country in general.. READ MORE
How Building Information Modeling (BIM) Could Help Your Construction
Firm This February, the National Institute of Building Sciences (NIBS) held a roundtable session to discuss how to develop a more formal and comprehensive Building Information Modeling (BIM) standard in the United States. Such discussions suggest that BIM will become of greater importance in the construction industry over time.READ MORE
Women in construction push for more inclusive terminology While looking at construction management software provider Bridgit’s website, Lora McMillan noticed the site used a familiar term: “manpower.” It wasn’t the first time that McMillan, senior superintendent in the Toronto office of construction firm Ledcor, had noted the lack of inclusive language in the industry. READ MORE
Types of Construction in Demand Right Now Several different factors will influence the construction industry this year. While there are certainly some reasons to be optimistic about the outlook for the construction industry in 2021, many contractors could experience challenges and adversity this year, as the ongoing pandemic continues to negatively affect the demand for contractors and
subcontractors.READ MORE
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