IFS Reveals Construction Project Performance Hampered by Lack of Standardized Processes

  • Posted on

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 […]

Filed under: eNews, Industry NewsTagged with: , , ,

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

  • Posted on

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 […]

Filed under: eNews, Industry NewsTagged with: , , , ,

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

  • Posted on

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 […]

Filed under: eNews, Industry NewsTagged with: , ,

ABC Celebrates 75 Years of Building America

  • Posted on

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, […]

Filed under: eNews, Industry NewsTagged with:

NCCER, Build Your Future Celebrate 2024 Careers in Construction Month Results

  • Posted on

The National Center for Construction Education and Research and its Build Your Future initiative recently celebrated the 12th annual Careers in Construction Month. The campaign aimed to increase public awareness of construction careers and inspire the next generation of craft professionals. Requests to state governments to proclaim October as CICM were filed by residents in 26 states and U.S. territories, with 16 states issuing an official proclamation. Residents who submitted a successful proclamation request were entered into a raffle to win a BYF prize package. Congratulations to the 2024 winners: Arkansas: John Kelly, Systems Careers Virginia: Kristi Thomas, James River […]

Filed under: eNews, Industry NewsTagged with: , ,