Category: Business
-
Why Construction Site Theft Is Rising in 2025 — and How Proactive Security Can Stop It
The first half of 2025 has been plagued by economic uncertainty – and that includes the construction industry. Construction spending has taken a dip of about 3.5% year-over-year. On top of that, tariffs on Canadian lumber, which comprises 85% of U.S. lumber imports, are at 14.5% and expected to increase to 34.5%. According to Oxford…
-
Construction Firms Embracing Tech Gain Competitive Edge in Bids, Revenue, and Talent
Don’t underestimate what technology can do for a construction business. That’s the overriding message from a newly released benchmarking report covering the architecture, engineering and construction (AEC) industries. Findings from the 2025 AEC Inspire Report from Unanet [of which I am co-author] show a clear performance divide between AEC firms that are mature in their…
-
Construction Firms Embracing Tech Gain Competitive Edge in Bids, Revenue, and Talent
Don’t underestimate what technology can do for a construction business. That’s the overriding message from a newly released benchmarking report covering the architecture, engineering and construction (AEC) industries. Findings from the 2025 AEC Inspire Report from Unanet [of which I am co-author] show a clear performance divide between AEC firms that are mature in their…
-
Key Takeaways from the 2025 NAPA Mid-Year Conference in Louisville
As I write this, I just got back from Louisville, Kentucky, and while the bourbon down there flows as freely as a McDonald’s soda fountain—the conversations, ideas, and industry insights at the NAPA Mid-Year Meeting were just as prevalent. As someone who’s spent time in the trenches with the commercial pavement maintenance professionals, I’ll be…
-
How to Reduce Construction Turnover by Building a Culture of Loyalty and Engagement
Employee turnover is notoriously high in construction — outpacing other industries by an average of 2.5% in 2024. This churn carries a steep price. Research shows that hiring and training new construction staff can cost between 50 and 200% of each worker’s annual salary. High turnover also leads to knock-on effects, hindering your ability to…
-
BOMAG Expands Light Equipment Sales Team to Support Rental Market Growth
BOMAG Americas has expanded its light equipment sales team, appointing new leadership roles to better serve the growing needs of national and regional rental customers. These strategic hires are aimed at improving responsiveness, reducing territory sizes, and enhancing support for equipment selection, service, and operations. National Accounts Focus Jim DavisBOMAG Jim Davis has been named…
-
How Construction Firms Can Build a Strong Financial Roadmap Amid Rising Costs and Growth
As your construction firm navigates today’s economic landscape, the $1.2 trillion public infrastructure bill, passed a few years ago, continues to carry both promise and uncertainty. Nevertheless, the domestic procurement preferences and materials sourcing requirements tied to this legislation still hold the potential to create meaningful growth opportunities. That said, it’s crucial to be prepared…
-
How AI Is Reshaping Construction: Tackling Labor Shortages, Data Silos and Project Complexity
The construction industry is poised for a $4.2 trillion expansion over the next 15 years. But there’s a catch: a growing skills gap, with job vacancies already up 41% year-over-year, and looming retirements threatening to worsen the shortage of qualified professionals. This is where artificial intelligence (AI) steps in, not just as a futuristic technology,…
-
Construction Cost Inflation Slows in Q2 2025, RLB Report Shows
Construction cost inflation continues to cool, according to the Q2 2025 Quarterly Construction Cost Report from Rider Levett Bucknall (RLB). The report shows year-over-year cost growth dropped to 4.4% in April 2025, compared to 5.42% in the same period last year. The report provides a data-driven snapshot of current construction trends across North America, aimed at…
-
Financing for Equipment Rentals | For Construction Pros
Equipment manufacturers, as well as their customers, look at construction equipment financing as routine. A necessity if you will — especially if you don’t have the hundreds of thousands of dollars sitting around burning a hole in your pocket. But, you know, who does? Having a deeper understanding of ways rental companies can use financing…