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Tag: Civil Construction

Despite COVID-19 shuttering construction sites, introducing supply chain frictions and creating economic turmoil for construction companies, the overall outlook of civil, residential and commercial construction is bright. Recent reports suggest that the United States construction market will record a CAGR of 5% from 2020 to 2024 — becoming a 1.428 trillion dollar industry.

The COVID pandemic has impacted pretty much every part of the economy. New construction is no exception to the rule.

Three things are coming together: The tiny home fad, modular construction and 3D printing.

Unemployment rates in the United States are at  an all-time high. Yet, in the middle of this ongoing pandemic, civil construction companies are facing a unique problem: they can’t find enough talent and demand for skilled workers remains high. Recent data from The Civil Quarterly Vol. 1 shows that contractors in the construction sector may […]

As civil construction continues to endure the unprecedented economic and social storm brought on by the COVID-19 pandemic, there’s a silver lining: construction jobs rebounded in May, recouping half of the losses from April. According to the Bureau of Labor Statistics, construction produced the second-largest gains in May — behind hospitality and travel.

Roads, Bridges, and Jobs Are the Focus of Trump’s Phase 4 Proposal Soon after signing the country’s largest-ever $2 Trillion economic rescue bill, President Trump is pushing for what he calls a “very big and bold” Phase 4 that would unleash yet another $2 trillion.

Federal, State, and Local Governments Are Moving to Upgrade Infrastructure The American Road and Transportation Builder’s Association (ARTBA) is projecting at least 5% growth in the transportation infrastructure construction sector in 2020, according to the ARTBA annual report. In their December 2019 press release, ARTBA’s chief economist, Dr. Alison Premo Black stated:

The Escalating Expenses of a Bad Hire In the mining industry “the cost of hiring the wrong person can be catastrophic” to quote directly from this informative article at Mining People International. The cost multiples of a bad hire can’t be underestimated. In mining, employing the wrong General Manager for a site at the yearly salary […]

Construction 2020: Keeping Pace With the Growth Trend of 2018-2019 In 2018 the United States raised new non-residential buildings across the nation to the tune of $452.67 billion. Public non-residential construction totaled 295.2 billion dollars, according to the 2019 mid-year assessment at Statista. That set the bar quite high for continued growth in 2019 but […]

Primary Drivers in the Global Construction Materials Market Construction industry forecasters have been predicting that the global construction materials market will exceed US $1 trillion by 2020 as far back as 2015. As we move into the next decade the market continues to be driven by an escalating and improved global economy combined with the […]

The Real Infrastructure Spending Gap Despite the urgency of the ongoing infrastructure debate, US real infrastructure spending in the last decade (2007-2017) has actually dropped by nearly $10 billion. This is quite a startling statistic considering the recent spotlight on the infrastructure spending debate which was a significant campaign plank for President Trump and a […]