The coming year presents a complex landscape for the construction industry. Cost, risk and growth will be impacted by geopolitical turmoil, inflation and increased regulatory complexity.
Offshore wind’s dual tendency to highlight critical needs and shatter expectations has shown itself more than once. Like our other infrastructure, it needs large-scale, long-term investments in which both public and private sectors play a role.
AIA/Deltek index score fell back into negative territory last month as.conditions softened for design firms. Excluding slight growth seen in March, billings have declined every month since last October.
Construction firms in the mountain states are plenty busy. A surge of people moving to the region—especially Colorado, Utah and Idaho—has created a “solid funnel of multifamily housing projects,” says Jeff Palmer, executive vice president at Layton Construction.
As the world continues its widespread vaccination effort, COVID-19 restrictions ease somewhat and the $1-trillion U.S. infrastructure spending package moves forward, forecasters express cautious optimism about the year to come.
The construction industry experiences some of the highest incidences of litigation. Here are the contractual clauses most often involved in disputes and suggested variations that could help avoid the headaches and costs of litigation.