With low oil prices still a nagging factor in the global economy, construction executives and researchers shared strategies for project delivery and business success in markets that are increasingly difficult to predict and more controlled by tightening costs.
In an election in which the two presidential candidates are presenting starkly different views about governing approaches, many construction groups are keeping low profiles in the top contest, focusing attention—and resources—on congressional races.
After a three-month funding dispute that halted thousands of state projects, New Jersey politicians agreed to a new 23¢-per-gal gas tax to restart work. Coming the day after the rail crash in Hoboken, the deal has raised some question on infrastructure investment.
Despite several years of recovery, construction inflation is still feeling the impact of the recession that reduced the number of subcontractors and, in turn, still is pushing up bids.