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Home » Topics » Business » Finance

Finance
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Government

Tech Hubs Get $504M in Grants From Biden Administration For Construction and Research

CHIPS Act funding intended to seek to "supercharge" the tech sector
James-Leggate.jpg
James Leggate
July 2, 2024
No Comments

The grants, between $19 million and $51 million, will support construction and other efforts at the hubs to boost tech development.


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How NV5 Global's Service Mix Drives Up Profit Margins

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Richard Korman
June 28, 2024
No Comments

A higher-margin mix of services has helped a tech- and energy-minded designer run profitably.


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Labor

2Q 2024 Cost Report: Base Salary Increases Begin to Fall as Employees Seek Additional Incentives

Paid time off and signing bonuses are among the perks offered by employers
Bruce Buckley
June 27, 2024
No Comments

After years of historically high salary increases for construction staff, many employers appear to have hit the ceiling for the compensation bumps they can offer.


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Equipment Watch
Equipment

2Q 2024 Cost Report: Stable Prices, Reasonable Supply Chains Keep Equipment Moving

Slight price dips after rises show a used market getting back to normal cycles
Jeff Rubenstone
Jeff Rubenstone
June 27, 2024
No Comments

With an extended period of construction activity and no imminent signs of recession, prices for used construction equipment at resale and auction have found their level, with fewer of the fluctuations that marked recent years.


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steel plant

2Q 2024 Cost Report: Would Nippon Steel Acquiring US Steel Be Good for Construction Customers?

The steelmaker and its domestic rival, Cleveland-Cliffs, are mired in a merger dispute
Jeff Yoders
Jeff Yoders
June 27, 2024
One Comment

Not since the “United States Steel Hour” during the golden age of television has the Pittsburgh-based steelmaker had such drama like the firm’s current public relations fight with former bidder Cleveland-Cliffs over its proposed acquisition by Japan’s Nippon Steel Corporation.


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ENR 2024 Confidence Index
Confidence Index

2Q 2024 Cost Report: Private Financing Woes Cut Confidence

Stubbornly high interest rates lessen demand for construction services
Jonathan Keller
Jonathan Keller
June 27, 2024
No Comments

The results of this quarter’s Construction Industry Confidence Index survey show a dip in confidence among construction industry executives.


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Economics

2Q 2024 Cost Report: Private Construction Struggles in Second Quarter

Single-family, hotel work see positive movement within the sector
Alisa Zevin
Alisa Zevin
June 27, 2024
No Comments

Public work continues to spur growth in the construction industry in the second quarter as contractors wait for interest rates to decline in the second half of the year.


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fusion
Energy in Transition

Nuclear Fusion Pushes to Reach Commercial Power Plant Stage

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Mary B. Powers
Debra K. Rubin
Debra K. Rubin
Peter Reina
Peter Reina
David Godkin
June 27, 2024
2 Comments

Global developers are advancing nuclear fusion technology and engineering to scale an energy source they say has zero emissions, no meltdown risk and more security, as data centers and AI push power demand.


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Labor

Federal Judge Blocks Part of Davis-Bacon Update Rule Pending AGC Lawsuit

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James Leggate
June 25, 2024
No Comments

Provisions of the rule finalized last year can extend prevailing wage requirements to truck drivers and material supplier employees in some cases.


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construction people
Sponsored Content
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CMiC

Everything You Need to Know When Selecting a Construction-Specific ERP

June 25, 2024
With so many construction management software solutions on the market today, finding the best one requires applying best practices and developing an exhaustive requirements list.  
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