IFS Reveals Construction Project Performance Hampered by Lack of Standardized Processes

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New research from IFS reveals productivity issues not only impact the bottom line, but hold construction and engineering businesses back from true digital transformation. The study, surveying 825 global construction and engineering leaders, shows almost half (41%) of all construction and engineering projects overrun on both budgets and target completion dates. With most (54%) projects also failing to meet anticipated margins. Too many non-integrated business solutions When asked how many software systems they use to manage their business and projects, respondents on average use nine separate software systems, hinting that unnecessarily complicated tech stacks are a critical fault in project … Read more

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Report Highlights Design-Build’s Role in Tackling Industry Challenges, Driving Growth

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FMI Corporation recently released an updated 2024 Design-Build Utilization Study projecting Design-Build will account for over 47% of U.S. construction spending by 2028, surpassing $1.1 trillion in total construction spending over the next five years. The findings emphasize the critical importance of skilled owner advisors in navigating complex projects and ensuring effective communication across teams. The study highlights the growing need to engage underutilized business enterprises to address scalability challenges and promote meaningful participation in Design-Build project delivery. The study also reveals how Design-Build’s early collaboration, innovative approaches and integration of UBEs provide unique opportunities to address supply chain challenges … Read more

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Green Construction Specialists Among Most In-Demand Workers, Says Latest Research

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The construction industry is rebounding in 2025, with the output for new projects expected to increase by 8.5%, according to the latest forecasts. As a result, the industry will need to fill an estimated 439,000 jobs this year to meet the increasing demand. With the need for new construction employees growing at a breakneck pace, EPD has revealed the most in-demand construction jobs for 2025 and beyond. Using data from the Bureau of Labor Statistics, the firm has uncovered the fastest-growing jobs in the construction industry and those set to make the most money in the coming year. According to … Read more

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ABC Celebrates 75 Years of Building America

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Associated Builders and Contractors will turn 75 on June 1, and to commemorate the milestone, ABC and its members will gather at several commemorative events, which begins with ABC Convention 2025 held Feb. 25-27 in Las Vegas, Nevada. “For 75 years, members of Associated Builders and Contractors have built the places where communities across the nation learn, heal, play, live, pray and gather,” said ABC President and CEO Michael Bellaman. “ABC and its members have also helped build countless career dreams for their employees, while creating the conditions for them to do their work without incident and go home safer, … Read more

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Construction Outlook 2025: How AI Revolution Will Influence What We Build, How We Build It

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The AI revolution is here, and it’s taking the form of a complete transformation of America’s electrical grid, water infrastructure and manufacturing industry. In his annual industry outlook, Deron Brown, president and chief operating officer for PCL Construction, offers an analysis of how the demand for more data processing and the energy to power it will impact the construction industry in 2025. “Artificial intelligence has already transformed the way many of us live and work. Over the next several years, the construction industry will be kept busy as the world plays catch-up, building the data centers, energy infrastructure and manufacturing … Read more

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