PHOENIX, Ariz. (Jan. 9, 2022) — International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its new Quarterly Cost Report (QCR) for North America. With data current to mid-fourth-quarter and featuring construction cost information for 14 United States and Canadian markets, the QCR provides a statistical view of the state of the construction industry, detailing indicative construction costs for eight building sectors.
HAMILTON, N.J. (Jan. 7, 2022) — The Dodge Momentum Index fell 3% in December 2021 to 166.4, down from the revised November reading of 170.7. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In December, commercial planning fell 4%, and institutional planning slipped 1%.
Get rid of guesswork & make the most of your machines
STRONGSVILLE, Ohio (Jan. 6, 2022) — Foundation Software has announced the acquisition of Estimating Edge, developer of The Edge commercial construction estimating, project management tracking and takeoff software. This acquisition further enables Foundation to serve the construction community by providing software and services that align and strengthen contractors’ back-office operations.
BIRMINGHAM, Ala. (Jan. 3, 2022) — Construction Business Owner (CBO), the leading business magazine for contractors, is pleased to announce the return of its Sustainability VIP honor, a special initiative designed to recognize the construction professionals building a better future for the earth and its inhabitants.
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How to use software to mitigate costs & realize more fleet savings
ARLINGTON, Va. (Dec. 22, 2021) — Construction employment increased in nearly two out of three U.S. metro areas between November 2020 and November 2021, according to an analysis by the Associated General Contractors of America (AGC) of new government employment data. Association officials said the job gains are welcome news for the industry but cautioned that it will be difficult for construction levels to return to pre-pandemic levels amid tight labor market conditions.
NORCROSS, Ga. (Dec. 28, 2021) — Hyundai Construction Equipment Americas, Inc., recently announced that its parent company, Hyundai Construction Equipment (HCE), plans to invest $170 million in its Ulsan, South Korea, factory to increase production capacity by 50% and simplify its manufacturing processes for increased efficiency.