For construction project delivery teams, the critical path schedule is both the map and the compass. It sets out the myriad of complex relationships that intertwine timelines, activities, and resources. It establishes the path to deliver the project on time and within budget.

Accurate, real-time cost tracking of capital projects may be understood and valued in theory. But, as we’ve seen with the slow technology adoption in the industry, that doesn’t necessarily translate into putting it into practice. When project costs aren’t closely managed, they’re more likely to spiral out of control and put projects squarely among scores of others like them: over budget and behind schedule.

Organizations face increasing challenges today due to rapidly changing customer demands, market conditions, and technological advancements. Making informed decisions quickly and accurately is critical to staying ahead of the competition. Artificial Intelligence (AI) is a powerful tool that can help organizations make more intelligent decisions by leveraging data-driven insights and automation capabilities.

The national construction industry added 15,000 jobs on net in April, according to data released today by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 205,000 jobs, an increase of 2.7%.

National nonresidential construction spending increased 0.7% in March 2023. On a seasonally adjusted annualized basis, nonresidential spending totaled $997.1 billion for the month.

Business conditions at architecture firms saw a slight improvement in March, following declining billings during the last five months. The AIA/Deltek Architecture Billings Index (ABI) score of 50.4 for the month indicates that a slight majority of firms reported an increase in their firm billings this month.

The digital transformation is years in the making, but the pandemic put the heat on the digital landscape, especially for construction. The pandemic, the labor shortage, and historic investments in U.S. infrastructure, are creating a perfect storm throughout the construction industry.

The 2021 Infrastructure Investment and Jobs Act (IIJA) delivered good news to the construction industry, with an estimated one trillion dollars to fund U.S. infrastructure and related projects. However, with this good news comes a recommendation to read the fine print.

Proper scheduling demonstrates professionalism in construction planning and management, which makes a big difference in meeting deadlines and budgets while avoiding costly mistakes, time-consuming rework, and mitigating financial and legal risk.

The national construction industry lost 9,000 jobs on net in March, according to data released Friday by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 196,000 jobs, an increase of 2.5%.