Associated Builders and Contractors Chief Economist Anirban Basu forecasts continued momentum for the construction sector next year but advised an overall “wait-and-see” approach based on leading and lagging indicators and economic uncertainties, according to a 2020 economic outlook published in Construction Executive magazine.

Nonresidential construction spending, which totaled $781.1 billion on a seasonally adjusted annual basis in November, declined .3% from October but increased 5.1% year over year.

Submittals are one of the most vital parts of the processes and workflows around construction projects. The submittal process assures owners that their plans and specs are clearly understood by both contractors and subcontractors building the project. This process ensures both quality control and contractual compliance per the plans and specifications.

Everyone knows the jobsite is where the magic happens. It’s where all of those construction project concepts and drawings get realized in physical form and where different teams with different specialties come together to work collaboratively toward a common goal.

Nonresidential construction spending, which totaled $776.5 billion on a seasonally adjusted annual basis October, fell 0.7% from September but is up 1.4% compared to the same time last year.

The construction industry added 1,000 net new jobs in November, according to data released Friday by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 146,000 jobs, or 2%.

Today’s workforce includes three generations that can each provide significant value to organizations willing to tap into their unique skills, experience and approaches to work. So, how can organizations optimize these very different sets of workers and set up their organizations for long-term success?

There are many tax planning strategies a construction contractor can implement to reduce the company’s tax liability. Now is a good time to review the company’s financial goals, operations and results over the past year. Discuss what was done and how to qualify for tax deductions or credits with a construction accounting specialist.

The construction industry added 10,000 net new jobs in October, according to data released Friday by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 148,000 jobs, or 2%.

Nonresidential construction spending, which totaled $775.6 billion on a seasonally adjusted annual basis for September, rose 0.5% from August is down 0.9% from September 2018.