Information derived from the Dodge Construction Network, the most powerful source of information, insights, and connections in the commercial construction industry.

Artificial intelligence is often touted as a gamechanger for construction processes, and Document Crunch, a company co-founded by a longtime construction attorney, is already changing up one key area: construction contracts.

Construction is not expected until 2027, at the earliest.

Although ENR’s indexes measure the costs of non-residential buildings, the housing market has had a major impact on index movement.

While some worry about clouds on the horizon, it’s not evident in the heavy equipment market.

Executive compensation has been rising steadily since the pandemic, reaching a high-water mark in 2023. However, a cooldown in several market sectors could result in comp increases receding in the coming years.

For the first time since Q1 of 2022, construction industry executives report a stable and slightly growing market on ENR’s Construction Industry Confidence Index (CICI) survey.

The construction industry has seen some modest growth in the first quarter of 2024, but issues from the past several years are slow to recede.

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

Amtrak is using project delivery partnering for the 2-mile replacement for the Baltimore & Potomac Tunnel.