Originally published on June 8, 2016. Last updated on April 29, 2022.

Let ConstructConnect provide you with a few construction site safety tips for workers and employers.

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U.S. current (March) inflation of +8.5% year over year for the Consumer Price Index (i.e., known as CPI-U, with the U signifying that it’s for urban consumers) is the highest this century. It’s more than four times greater than the +2.0% figure usually accepted as the desirable target. A little inflation is judged to be a good thing for the economy. By making it easier to pay off loans, it greases the wheels of industry.

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I hate to state the obvious, but if you are planning a new commercial construction project, your work has already begun. Break out your to-do checklist and prepare for what may not be as obvious or simple to calculate. These would be the costs, both planned and unpredictable, involved with bringing a commercial project to life. The steady uptick in costs from year to year has made access to materials, land, and labor a tough commodity. Detailed budget planning and strategy are necessary during preconstruction to bring the bottom line to light before your project hits

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As the need for construction is growing tremendously, companies have to keep pace properly. Construction companies are handling expansion by embracing new technology in construction. There are numerous technologies available at present. New technologies persist in forcing construction companies to grow.

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Megaprojects Slow to Kick In

ConstructConnect announced today that March 2022’s volume of construction starts, excluding residential work, was $34.4 billion, an increase of +31.8% compared with February’s figure of $26.1 billion (previously reported as $25.7 billion).

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The accompanying table records the top 10 project starts in the U.S. for February 2022.

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Clichés are often true and it is the case that a picture can be worth a thousand words.

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There’s much to cover, so let’s jump right into a discussion of some of the most interesting information to be gleaned from the latest public and private sector data releases.

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Firms that are borrowing on variable-rate credit to purchase inventory should be strategically considering just how much inventory they want to be holding onto should the interest rate on their debts double in the near future.

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When one thinks of artificial intelligence or machine learning, one of the first things that comes to mind is a far-off, sci-fi scenario whereby a man-machine prototype like “The Terminator” takes over the world and all of humanity is at its mercy. That picture of artificial intelligence (AI) is best left in the realm of the imagination, for now at least.

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