Codes & Standards: They’re Technical
Contractors can rely on the specifications and construction documents provided by a project. Then again, they may need to get in the weeds with this stuff. Some recent standards referenced by the model building codes need clarification. In one case, the 2018 International Building Code has a discrepancy over metal framing, a system […]
Equipment Finance Industry Confidence Lower in May
The Equipment Leasing & Finance Foundation’s May 2022 Monthly Confidence Index for the Equipment Finance Industry reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market is 49.6, a decrease […]
Inflation Busters
Abstract: Inflation is rising faster than any time in recent memory. Businesses must deal with rapid cost increases by managing cash flow efficiently and communicating effectively with customers and suppliers. The benefits of inventory reduction must be balanced against the need to maintain critical stock for top customers. Inflation has taken root. Businesses […]
Construction Employment Climbs in May While Hourly Earnings Rise at Fastest Yearly Rate in 40 Years
Rapidly rising hourly earnings enabled the construction industry to add 36,000 employees in May, but a record number of job openings going into the month suggests contractors want to hire even more workers, according to an analysis by the Associated General Contractors of America of government data. Association officials said firms would have hired […]
Cytokinetics, San Francisco
Cytokinetics San Francisco, California AWCI Member Contractor: Daley’s Drywall & Taping, Inc. The following project was submitted to AWCI’s Excellence in Construction Quality Awards program in 2022 in the Ceilings category. Cytokinetics is a late-stage biopharmaceutical company that develops muscle activators as potential treatments for debilitating diseases in which muscle […]
Single-Family Home Building Growth Slowing in Large Suburbs
New findings from the National Association of Home Builders Home Building Geography Index show that the rate of year-over-year single-family construction growth in small and large metro urban, suburban and rural regional submarkets slowed in the first quarter of 2022 compared to the same time period as last year, with notable deceleration in large […]
More Than Just Fasteners
Construction professionals know Grabber for the fasteners that have been singlehandedly boosting productivity and profitability for over 55 years. Maybe choosing a fastener seems like a small decision—but with results like less material waste, greater efficiency and fewer tasks that run up labor costs, choosing the right fastener can have major effects. Uncompromised […]
1Q Challenges: Rising Costs and Interest Rates, Labor and Materials Shortages
The Marcum Commercial Construction Index for the first quarter of 2022 reports that the construction industry faces increasing costs and shortages of both labor and materials as well as rising interest rates. The residential sector has maintained its momentum while weakness continues to characterize the nonresidential sector. “While overall contractor confidence has […]
Construction Employment Climbs in June But Plunge in Jobseekers Leaves Industry with Record Number of Unfilled Positions at May’s End
The construction industry added 13,000 jobs in June as the number of jobseekers with construction experience plunged to a record low for the month according to an analysis of federal employment data released July 8 by the Associated General Contractors of America. Association officials said the industry would likely have added even more jobs […]