Posted on 11/30/2016 6:06 AM By Anirban Basu
For now, it’s tempting to maintain a somewhat pessimistic outlook. A combination of debt accumulation and low interest rates appears to have taken asset prices above levels supported by economic fundamentals. This renders the macro-economy and that of the nation’s nonresidential construction sector somewhat vulnerable to asset price adjustments.
Posted on 11/2/2016 10:54 AM By Anirban Basu
P3s are the only conceivable financial solution to America’s infrastructure deficits.
Posted on 7/7/2016 7:15 PM By Anirban Basu
While nonresidential construction spending growth struggles to maintain momentum, the balance of 2016 should prove a rewarding period for many construction companies. America’s consumer-led economic recovery remains in place, and construction backlog remains at elevated levels.
Posted on 5/2/2016 7:59 AM By Anirban Basu
Firms with better safety records are less exposed to lawsuits and claims for workers’ compensation. Trained workers are more likely to stay on the job. Better safety means fewer expenses to repair damaged equipment and reputation. And, safe companies eliminate the costs of investigation, potential workplace interruptions and impacts on morale.
Posted on 3/29/2016 4:36 AM By Anirban Basu
Technology that renders the worker more productive may allow for increased flex time, engender more interest in the work and support higher retention. That technology also may produce greater precision, fewer delays and bolster recruitment of highly capable young workers who seek to be in an ultra-modern environment. But this technology also may prove expensive, which means that well-capitalized construction firms have the advantage over time.
Posted on 1/20/2016 9:43 AM By Anirban Basu
Whether or to what extent 3-D printing will displace conventional methods of construction delivery is anyone’s guess. What is not known presently are the challenges presented by 3-D printing. People have recognized the promise, but until more of these projects are developed and occupied, the shortfalls cannot be fully understood.
Posted on 12/2/2015 7:43 AM By Anirban Basu
If the economic recovery were likened to a college basketball game, the nation would be in the early to mid-stages of the second half. Mid-June marked the tipoff of the seventh year of economic recovery.
Posted on 10/19/2015 7:36 PM By Anirban Basu
As those who operate successful construction firms know, the reward for completing projects safely, on time and on budget can be immense, particularly during busy economic times.
Posted on 9/29/2015 7:27 AM By Anirban Basu
Many of America’s best and brightest students do not consider construction when contemplating their respective career paths. The dearth of workers entering the industry has construction executives and stakeholders very concerned about productivity and profits. The construction industry skilled workforce falls short of demand by almost 1.8 million positions, based on the latest estimates by the U.S. Department of Labor
Posted on 8/26/2015 11:01 AM By Anirban Basu
“Collaborative consumption” is the latest fad in America. This “sharing economy” includes 17 billion-dollar companies that collectively employ 60,000 people. Twelve of them are based in the United States. Four are in transportation, another four are in finance, three help distribute goods and another three help people share space; however, none are in construction.