News

3 AP Construction Trends

AP (accounts payable) is a critical component of your company’s 2023 management because it impacts your income and profits. There are three accounts payable construction trends impacting our industry this year. In a small business, the person who pays your vendors, subcontractors, and collects tax info for your tax professional is your accounts payable department. This is a …

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Women in Construction: Building Our Leadership

Women that serve as mentors and teachers as well as industry advocates are needed to promote women in construction careers. For years, women made up only 10% of the construction industry workforce. “The infrastructure bill represents a once-in-a-generation opportunity to expand women’s access to good jobs in construction trades,” said the Center for American Progress …

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6 Exciting Construction Industry Technologies

“Contech” is a relatively new word because construction technology is in its infancy. We were slower to implement construction industry technology than other industry sectors, but we’re catching up fast. Construction people are problem solvers. So that’s what we want from our technology: solutions. Here are several contech innovations that will provide answers to some …

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Construction Industry Challenges: Public Transportation Projects

The United States Northeast Corridor (NEC) is the railroad line that connects Boston to Washington, D.C., serving more than 80,000 passengers every day. In 2022, the FRA (Federal Railroad Administration) announced its plan to refurbish existing NEC lines. The $100+ billion project will continue through 2035. This is a repair-and-update construction industry project. It’s housecleaning. No new …

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The Construction Industry & Microgrid Communities

The future looks greener. And for investors, the microgrid market from 2023-2028 will be very green indeed. The global microgrid market was about $28,781.63 million USD in 2021. It is anticipated to reach $63,365.02 million USD by 2028. It’s likely 2023 may be a pivotal year for construction industry microgrid development. As microgrid development becomes …

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Offices, Workplace Commercial Construction Outlook

In November 2022, in-office occupancy increased to its highest level since 2020. But commercial construction is anticipated to decline because of the deflated tech market, according to construction journalist Sebastian Obando. “Be conservative” with investment in the office sector, advises one real estate research professional. Even though more remote workers are heading back to the …

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