Construction & Demolition Recycling magazine’s Post

Navigating the current commercial construction market can be daunting, but considering these key factors when selecting a trusted construction partner can lighten your load and position your project for success.(Sponsored Content by ARCO Construction Company, Inc.)

Check out Poettker Construction CEO Keith C. Poettker's latest published article in the Charlotte Business Journal to learn the three best practices to protect your construction company against material shortages and other challenges out of your control. #PoettkerPublishes #Construction #BusinessPlanning

👀 The construction industry has made progress in reforming outdated practices, but tough conditions threaten to eat away at these achievements. In this article, Jon Davies shares concerns about restrictive terms and unfair risk allocations making a comeback and threatening industry progress in areas like culture, innovation and decarbonisation. We have to stop the contract terms pendulum from swinging! By sticking to our principles, doubling down on transformative change and choosing procurement models based on project particulars rather than market conditions we can create a thriving construction sector where everyone gets what they are looking for. ❗❗❗ Read the article on Sourceable.net: https://lnkd.in/gvNyyDPk

I put this piece together recently for our website. It's based around the frequent discussions we're having with construction industry leaders regarding their struggles bringing new construction contracts to fruition under the 2 stage model. I'd welcome your thoughts! #constructionindustry

"The Construction Industry's Challenge: Balancing Quality, Efficiency, and Cost" Today's construction industry faces immense pressure to deliver projects faster, more affordably, and with unwavering quality. However, rising costs, labor shortages, and unpredictable supply chains make achieving this balance increasingly difficult. For developers and contractors, this means tighter budgets, longer timelines, and sometimes compromised outcomes—issues that ultimately impact end users, from residents and tenants to entire communities. The scope of this challenge is substantial: -Rising Costs: Construction input prices rose by 3.5% in the first four months of 2024 alone (Construction Dive), adding pressure to already tight budgets. -Labor Shortage: The industry faces a shortage of skilled labor, with an estimated 501,000 additional workers needed to meet demand this year (Associated Builders and Contractors). These factors drive up project costs and extend timelines, leaving companies, investors, and clients struggling to stay on track. At Unlimited Building Services, LLC, we understand these challenges firsthand. With over 30 years of experience, we tackle these obstacles by focusing on flexible, cost-effective construction solutions that maintain quality. Our hands-on approach, strategic planning, and commitment to excellence allow us to deliver projects on budget and on time, even amid industry-wide challenges. Whether you're a developer, contractor, or investor, our goal is to help you navigate these obstacles while building sustainable, resilient structures that endure.

Why construction companies fail or shut down operations, along with practical examples and advice on how to avoid these pitfalls

Exciting news from the construction industry! The construction backlog has inched higher to 8.2 months in March, marking the first gain this year. Despite industry headwinds such as high borrowing costs, emerging supply chain issues, project financing challenges, and labour shortages, the optimism among non-residential construction contractors is astonishing. However, it’s important to note that this is only a nominal improvement. The backlog still remains down 0.5 months compared to March 2023. But last month, contractors reported rising backlog and greater conviction regarding likely growth in sales, employment, and profit margins. Even though backlog remains down in 2024, ABC’s Construction Confidence index for sales, profit margins, and staffing levels all posted increases in March following a slight slowdown in February. This indicates that contractors collectively enjoy enough pricing power to support stable to rising margins. Let’s hope for more positive trends in the coming months.

Construction site abandonments are on the rise. Click the link to hear how this is affecting the construction industry. #Construction #Insights #Contractor

Construction site abandonments are on the rise. Click the link to hear how this is affecting the construction industry. #Construction #Insights #Contractor

Construction site abandonments are on the rise. Click the link to hear how this is affecting the construction industry. #Construction #Insights #Contractor