A breakdown of what's in the $1.2 trillion infrastructure bill passed on Friday, November 5, and industry reaction to the long-awaited bill.

It’s the dawn of a new era in the construction industry. As technologies have evolved, many contractors have digitized and streamlined their organizations to overcome both traditional and new operational challenges. This new breed of connected construction is transforming how the construction industry works. 

When construction businesses consider how they manage their money, it’s important to keep in mind that construction cash flow is about more than just income and expenses—it’s about all of the ways that you can obtain money, as well as lose it, according to Leslie Shiner of financial consulting firm The Shiner Group.

The national construction industry added 44,000 jobs on net in October, according to data released today by the US Bureau of Labor Statistics. Overall, the industry has recovered 963,000 (86.5%) of the jobs lost during earlier stages of the pandemic.

National nonresidential construction spending declined 0.6% in September 2021. On a seasonally adjusted annualized basis, nonresidential spending totaled $791.2 billion for the month.

The national construction industry added 22,000 jobs on net in September, according to data released today by the US Bureau of Labor Statistics. Overall, the industry has recovered 912,000 (81.9%) of the jobs lost during earlier stages of the pandemic.

Do you want to make 10% more money? (Most project managers probably do!) Do you want to make 10% more money by working 10% more hours, and 10% harder? (Probably not so much.) That’s why profitability matters, explains Leslie Shiner, author and construction financial consultant.

Spectrum ERP tips that should offer users plenty of food for thought—from cost savings related to moving on-prem software to the cloud, to advanced job costing and billing workflow tricks that build on Spectrum’s vast capabilities.

National nonresidential construction spending declined 0.4% in August 2021. On a seasonally adjusted annualized basis, nonresidential spending totaled $788.6 billion for the month.

Introducing Trimble Construction One. Welcome to a New Connected Construction Work Environment