Contractor revenue rises, but firms say higher risks and longer lead times are driving more investment in preconstruction.

Construction-in-progress spending climbs higher, with Top 25 firms accounting for 60%, as economists predict a megaproject boom will compound resource challenges.

Commentary from the Top 500 Design Firms in 2024 reveals a shift in the use of artificial intelligence to complement design services.

For the first time since Q1 of 2022, construction industry executives report a stable and slightly growing market on ENR’s Construction Industry Confidence Index (CICI) survey.

Situated centrally between 13 active operating rooms, this project’s work site proved to be its most complex challenge, says Sourabh Sinha, project manager at NJRA Architects.

Despite a surprisingly strong economy, construction industry executives report that they enter 2024 with much of the same trepidation they faced at the start of 2023.

On the surface, an increase in construction in progress spending last year illustrates greater owner confidence in a post-COVID-19 market.

In comments about the market’s most pressing challenges, Top 600 Specialty Contractors are widely optimistic that the worst of pandemic-induced delays are done—buttressed by another year of double-digit revenue growth for listed firms.

ENR’s Construction Industry Confidence Index rose this quarter to its highest rating since Q1 of 2022, up six points to a nearly stable 46 rating.

Despite harsh elements and a remote site, an army of workers reach critical milestones on decade-long dam project in British Columbia.