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Information derived from Industrial Reports, a market intelligence firm specializing in industrial construction and equipment leads.

The key trends of 2024 will persist into 2025: Material price stabilization, labor shortages, growth in digital infrastructure and renewable energy construction, with 2-6% average cost escalations.

With some new pressures bearing down on the equipment market, there has been a slow decline in prices at resale and auction over the past year, but there may also be concerns about a softening market going into 2025 as well.

Construction executives report a boost in industry confidence on ENR’s latest Construction Industry Confidence Index survey. The index rose to a 55 rating this quarter, up from 47 in Q3.

The U.S. office vacancy rate hit a record high of 20.1% in the second quarter of 2024, according to ratings service Moody’s.

Two insurers push back against a growing number of negligence lawsuits.

Louisiana LNG production plant near Lake Charles, now being developed by Woodside Energy Group, is said to be a $27B complex if it is built to five-train capacity. 

Skanska will be responsible for the lift portion of a replacement for the Raritan River rail bridge, while work on the approaches is underway under a separate contract.

Kolluri was most recently CEO of the Gateway Development commission, where he led rail infrastructure projects that will serve NJ Transit's commuter rail.

NY State contracting expert shares four key lessons learned in renewable energy’s volatile year.