January’s Nonresidential Construction Starts -5% Y/Y, but +12% M/M

Engineering Megaprojects Take Center Stage

ConstructConnect announced today that January 2022’s volume of construction starts, excluding residential work, was $29.2 billion. The latest month’s nonresidential dollar volume was -4.5% versus the same month of the previous year, January 2021. On the positive side, though, January 2022 was +11.5% compared with its preceding month, December 2021.

Substantial Completion: What You Need To Know

As a contractor, when was the last time you reviewed the substantial completion terms in one of your contracts? Sure, you probably know the date set in the contract for work to substantially complete, barring any authorized extensions from justified delays, because that means it’s time to get paid the remainder of the contract amount along with any retainage that was withheld along the way.

What Building Product Manufacturers Need to Know About Market Share

Lessons From the First to Summit Mt. Everest

Edmund Hillary once remarked that he was unsure if summiting Mt. Everest was within the realm of “humanly possible.” Nonetheless, he and his Nepalese climbing partner, Tenzing Norgay, left the first confirmed pair of human footprints on the summit of Mt. Everest in May of 1953. Hillary’s doubt surely stemmed from the failed previous attempts to summit the highest peak on earth (last recorded in 2020 as 29,031.7 feet above sea level).