Tag: Main
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Fed holds main rate steady, forecasts higher inflation, slower growth
Dive Brief: The Federal Reserve on Wednesday kept the main interest rate at a range between 4.25% and 4.5% while forecasting higher inflation and slower growth for 2025. In a median forecast, Fed officials estimated that their preferred measure of inflation — the core personal consumption expenditures price index less volatile food and energy prices…
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How to Avoid the 5 Main Potential Challenges for the Construction Industry in 2025
At the halfway point of 2024, U.S. construction spending was down roughly $1.7 billion from the previous year. While new construction projects are expected to grow by 8.5% in 2025, there are still several uncertainties for the upcoming year that could create challenges for businesses in the construction industry. Calum Mair, commercial director of North America…
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‘Our main contractor client is withholding payments. What can we do?’
This isn’t the first, and certainly won’t be the last, time I’ve heard about a subcontractor protesting about being treated unfairly by a main contractor client. When I was taking my first steps in the industry I’ve grown to be so passionate about, things were a lot more difficult for subcontractors. That may sound hard to…
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Inflation heats up to 3% as Trump calls on Fed to cut main rate
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Consumer prices rose last month at a 3% annual pace, higher than expected and the biggest gain since June, according to a government report released Wednesday, soon after President Donald Trump called on the Federal…
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‘Your main challenge in 2025’: finding workers
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: The construction industry needs to attract an estimated 439,000 net new workers this year in order to meet anticipated demand for construction services, according to a model from Associated Builders and Contractors released Friday. That…
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Will a ‘winding-up’ petition force a main contractor to pay up?
The costs of issuing the petition should also be taken into account. In 2022 the deposit required for a petition increased from £1,600 to £2,600. Combined with the petition fee and solicitor’s costs, this results in a minimum outlay of £5,000- £6,000 plus VAT. View the original article and our Inspiration here
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The 3 Main Types of Recycled Asphalt in Comparison
The world has become more invested in reducing its environmental impact and the construction industry has taken its own steps on its journey towards being more environmentally friendly. In the asphalt world, you have the option to use all-new asphalt with virgin materials or you can make a mix with some sort of recycled material.…