Study Shows Significant Benefits for General Contractors Utilizing Technology to Manage Subcontractors

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A new study from Dodge Construction Network, in partnership with GCPay, reveals that only one in three (34%) of general contractors automate fewer than half of their subcontractor management processes. The report details data-based benefits of greater automation and digital transformation by general contractors, including increased productivity, profitability and cost performance. Most general contractors rely on subcontractors to generate successful projects, making managing subcontractors vital to their business. Many general contractors are also experienced in utilizing digital tools for these processes; however, as the Optimizing Subcontractor Management with Technology SmartMarket Brief reveals, many general contractors rely on a proliferation of older solutions, making integrating … Read more

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Construction Employment Increases In 42 States, D.C. From May 2022 to May 2023

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Construction employment increased in 42 states and the District of Columbia in May from a year earlier, while only 24 states added construction jobs from April to May, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said firms are struggling to find new workers amid a lack of funding for construction education programs, keeping monthly employment gains lower in many parts of the country. Between May 2022 and May 2023, 42 states and D.C. added construction jobs, while industry employment declined in seven states and held steady in Vermont. Texas added the … Read more

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McCarthy Completes Largest Public Port Project on Texas Coast  

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McCarthy has completed construction of Berth 8 at Port Freeport, Texas. Part of the Velasco Terminal, Berth 8 features over 925 feet of berth and an associated roll-on/roll-off dock extension. The expansion represents the single largest project built by a public port on the Texas Gulf Coast. McCarthy began construction in 2020 and achieved substantial completion in May 2023. The scope of work included demolition of an existing concrete relieving platform, dry excavation, combi-wall bulkhead installation, construction of the new wharf, which included wharf piling, mechanical and hydraulic dredging, mudline/shoreline protection system and mooring and breasting system, plus the rehabilitation … Read more

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Monthly Construction Input Prices Decrease, Says ABC

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Construction input prices fell .6% in May compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices declined .5% for the month. Overall construction input prices are 3.7% lower than a year ago. Nonresidential construction input prices are 3.4% lower. Prices declined in all three energy subcategories. Crude petroleum prices were down 10.2% in May, while unprocessed energy materials were down 7.8%. Natural gas prices fell 2% for the month. “The headline numbers suggest broad-based deflation in construction materials prices,” said ABC … Read more

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Registration Opens for CMAA2023 in Washington, D.C.

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The Construction Management Association of America has opened registration for CMAA2023. The fall conference will bring together public and private sector leaders, professionals and innovators from across the U.S. to explore the latest trends, technologies and strategies that are revolutionizing the industry. CMAA2023 will take place Oct. 29-31 at the Gaylord National Resort & Convention Center, National Harbor in Washington, D.C. Attendees can look froward to a comprehensive expo hall, networking opportunities, plenary and breakout sessions and a full education program. The highlight of the event is the annual CMAA Industry Honors and Awards Program, where the annual Project Achievement Awards, … Read more

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