Associated Builders and Contractors has hired Joseph Xavier, a safety and workforce expert with more than 30 years of experience, as its senior director of health and safety. Xavier will lead and contribute to the development and deployment of the overall health, safety and environment strategy for the association, its 69 chapters and its more than 21,000 member companies. Xavier will lead a multidisciplinary national team to execute an aggressive health and safety strategy; provide expertise on compliance with federal, state and local safety and health laws; create world-class resources and educational programs and develop strategies that help ABC’s members … Read more
ABC Announces 2022 Top-Performing U.S. Construction Contractors
Associated Builders and Contractors released its fourth annual Top Performers lists, which ranks its commercial and industrial contractor members that build long-lasting, high-quality construction projects, based on work hours. The No. 1 2022 ABC Top Performer is Turner Industries Group, Baton Rouge, Louisiana; followed by Balfour Beatty, Dallas, Texas; Brown & Root Industrial Services, Baton Rouge, Louisiana; BL Harbert International, Birmingham, Alabama and S&B Engineers and Constructors, Houston, Texas. “These construction industry leaders invest in and attribute their successes to their people, and their value proposition gives their employees purpose, delivers quality to their clients and strengthens their bottom line,” … Read more
Monthly Construction Input Prices Rise in January, Says ABC
Construction input prices rose 3.5% in January 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 increased 3.1% for the month. Construction input prices are up 23.6% over the past 12 months, while nonresidential construction input prices rose 24.3%. Input prices for natural gas and unprocessed energy materials fell for the month by 26.1% and 4.7%, respectively. Crude petroleum prices increased 15.5% in January. All three energy subcategories are up significantly on a year-over-year basis. “While many economists expect inflation to … Read more
Surety Industry Launches Contractor Bonding Education & Mentoring Program
The Surety & Fidelity Association of America and the National Association of Surety Bond Producers have jointly developed and launched the surety industry’s new Contractor Bonding Education & Mentoring Program. This free program helps small, new, emerging, minority-owned and other disadvantaged contractors learn how to qualify for construction surety bonds, thereby expanding their business opportunities and providing the services and benefits of these bonds. The Contractor Bonding Education & Mentoring Program includes two components: a set of eLearning modules available online 24/7, which can be taken on demand at the learner’s pace, and an optional mentor program with industry professionals … Read more
Monthly Construction Input Prices Increase in December, Says ABC
Construction input prices rose 0.6% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data recently released. Nonresidential construction input prices also rose 0.6% for the month. Input prices for all three energy subcategories decreased for the month. Crude petroleum was down 16.4% in December, while unprocessed energy materials and natural gas were down 13.1% and 12%, respectively. Prices in all three energy subcategories, however, are still up significantly on a year-over-year basis. Overall construction input prices are up 22.3% from a year ago, while … Read more