Tag: rising
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Rising Tariffs and Labor Shortages Drive Demand for Faster Project Delivery with AWP
The latest round of tariffs from the Trump administration is driving construction input costs up 41% since February 2020, impacting materials like steel, copper, and aluminum. Even domestic projects are feeling the pinch, as supplier pricing reacts to broader market uncertainty. At the same time, workforce shortages are worsening — with 91% of contractors reporting…
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Rising Tariffs and Labor Shortages Drive Demand for Faster Project Delivery with AWP
The latest round of tariffs from the Trump administration is driving construction input costs up 41% since February 2020, impacting materials like steel, copper, and aluminum. Even domestic projects are feeling the pinch, as supplier pricing reacts to broader market uncertainty. At the same time, workforce shortages are worsening — with 91% of contractors reporting…
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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…
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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…
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Office Conversions Surge Amid Rising Vacancy Rates
Key Takeaways: The national office vacancy rate was 19.4% in May, up 160 basis points year-over-year, with occupancy unlikely to rise in near future The average U.S. office listing rate was $33.15 per square foot in May, increasing 4.8% year-over-year Office construction pipeline continued to shrink, with 41.5 million square feet of office space currently under construction Los Angeles…
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WSP’s Isabelle Barron is Digital Rising Star of the Year
In her role as a digital construction consultant, she has been instrumental in implementing innovative digital solutions across various projects, showcasing her ambition and commitment to information management best practices and demonstrating exceptional proficiency in leveraging digital technology to enhance project outcomes and organisational success. View the original article and our Inspiration here
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Concrete Repair Mortars Market to Reach $6.5 Billion by 2034 Amid Rising Infrastructure Demand
Concrete remains one of the most widely used construction materials worldwide, but even the most robust structures are subject to damage over time. Concrete repair mortars offer a practical solution for restoring worn or damaged concrete surfaces. This article explores what these materials are, their common types, applications and why they’re increasingly important in construction and…
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Rising wage costs are eating into construction’s margins
The industry’s persistent skills shortage is pushing wage inflation while also thwarting project delivery, writes Nitesh Patel. Wages in construction are rising at a faster pace than across the wider economy. The Office for National Statistics (ONS) reported that average weekly earnings in the industry accelerated to 7.5% in the year to February, from 6%…
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Digital Construction Awards 2025: Digital Rising Star of the Year
From left to right: Georgia Eaton, Daniel Chesson, Isabelle Barron, Josephine McGoldrick and Giovanni Bortolin The Digital Construction Awards attracted over 170 entries this year, 85 of which have been shortlisted. Here, we detail the finalists for the Digital Rising Star of the Year award. This category recognises an individual who has been in the…
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CIOB Awards 2025: Rising Star
Winner: Rohit Malhotra MCIOB, AtkinsRéalis Rohit Malhotra’s special quality was evident right from the start, impressing both his employers as well as the judges. In his first permanent role as a planning engineer at McLaren Construction on a project in the UAE, unforeseen delays threatened the schedule. Malhotra swiftly identified the issues and recommended strategies…