Here Comes the [Building Sector] Boom

When the U.S. Bureau of Labor Statistics released new jobs data in August, the numbers painted a rosy portrait for the current state of construction. Year-over-year employment had increased by 212,000 jobs, and—according to analysis from Associated Builders and Contractors—total spending on nonresidential construction had jumped by 16.5%. Among the sectors in the nonresidential space that have been booming in the post-pandemic economy: manufacturing, health care, data centers and multifamily housing.

3 Construction Trends You Can’t Ignore: Why a Former Congressman Sees a Building Revolution Coming

Soaring home prices, the nation’s most expensive property insurance market, high interest rates and increases in construction costs are all contributing to a housing affordability crisis in a state that cannot keep up with the demand.

Ransomware Is Crippling the Construction Industry

The construction industry finds itself in the crosshairs of ransomware attacks. What makes construction so alluring to cybercriminals? It’s not just the industry’s digital transformation — it’s the mechanics of project delivery. Tight project timelines, lean construction methodologies, contract obligations, and the “just-in-time” delivery of critical materials mean that any disruption has a cascading effect on both schedules and costs. The proprietary nature of project data — from bid documents to building information modeling (BIM) to subcontractor agreements — provides a gold mine for cybercriminals, which can lead to competitive undercutting, intellectual property theft, or damaging brand disruptions.

5 steps to keep change orders from becoming disputes

Divergence from the original plans on construction projects is unavoidable. But that doesn’t have to lead to a dispute.

Subcontractors often must balance the demands of owners, government agencies, and general contractors, all while trying to make a profit.

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