PMSJ Releases Quarterly Market Forecast

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PSMJ’s latest Quarterly Market Forecast survey of 115 A/E/C executives (collected between Dec. 28 and Jan. 10) revealed an overall proposal activity Net Plus/Minus Index value of just 8. Any NPMI value above zero indicates that more respondents are seeing an increase in proposal activity compared to the prior quarter (+100 indicates all respondents are seeing an increase in proposal activity, -100 indicates all respondents are seeing a decrease in proposal activity). Since proposal activity is a leading indicator for backlog, revenue, and — ultimately — cash flow, the latest NPMI values provide a valuable glimpse into cash flow over … Read more

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National Ladder Safety Month: The Perfect Time to ‘Step Up’ Employee Training

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According to the U.S. Bureau of Labor Statistics, ladder deaths accounted for 161 on-the-job fatalities in 2020, the most recent year for which statistics are available. That same year, there were 22,710 ladder-related workplace injuries, an injury stat that has remained relatively constant over the previous several years. March is National Ladder Safety Month, spearheaded by the American Ladder Institute. This, its seventh year, will focus on four key themes: Week One – Choosing Your Ladder Week Two – Safety Before the First Step (Inspection and Set Up) Week Three – Safety While Climbing Week Four – Safety at the … Read more

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Gilbane Federal Awarded Contract to Build Littoral Innovation and Prototyping Facility Project

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Gilbane Federal has been awarded a multiple award construction contract by Naval Facilities Engineering Systems Command Southeast for the construction of a Littoral Innovation and Prototyping Facility at Naval Support Activity Panama City, Florida. The project supports the Naval Surface Warfare Center Panama City Division and will replace nine buildings that received damage from Hurricane Michael in October 2018. The work provides for construction of a 54,475 square-foot laboratory, and support space capable of housing workspace and laboratories for engineers and scientists. The facility will consolidate geographically dispersed buildings, increasing inter-program research interaction while also reducing maintenance and repair costs. … Read more

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Nonresidential Construction Spending Expected to Moderate Through 2024

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While spending on nonresidential construction picked up momentum toward the end of 2022, construction spending will moderate in 2023 and slow significantly in 2024, according to a new report from the American Institute of Architects. Despite macroeconomic headwinds such as inflation, rising interest rates and weak consumer sentiment scores, the AIA’s Consensus Construction Forecast panel is projecting nonresidential construction spending to grow 5.8%  in 2023 but slow to under 1% in 2024. Similar to 2022, growth in construction spending in 2023 will be uneven with a projected 2.6% increase in the commercial sector, 15.1% for industrial facilities and 4.1% for … Read more

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American Concrete Pavement Association Announces White Paper to Support Sustainability

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The American Concrete Pavement Association has released the white paper, “Concrete Pavement’s Role in a Sustainable, Resilient Future,” which synthesizes research on concrete pavement’s contributions to economic, environmental and social sustainability. The report summarizes concrete pavement’s role in sustainability, including: The long lifespan of concrete pavement, which provides the greatest economic value over the long term for taxpayers and end users. Concrete can last 30 years or more before requiring a maintenance cycle. Research supporting concrete pavement’s many use-phase environmental and societal benefits, including improved fuel efficiency, high albedo (which improves the earth’s energy balance and urban heat island effect, … Read more

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