Anirban Basu's Articles

2017 Construction Outlook

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.  

The Need Is Obvious; The Political Will Is Not

P3s are the only conceivable financial solution to America’s infrastructure deficits.  

Spending Stabilizes at Elevated Level; Supply Constraints Become More Apparent

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. 

Safety: A Near-Perfect Alignment Between Doing the Right Thing and Enhancing Profitability

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.  

The Millennials Are Here, and More Are Coming

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. 

3-D Printing in the United States and Abroad

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.  

2016 Economic Outlook

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. 

Safety and Surety Go Hand in Hand When Managing Risk

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. 

Rebranding Construction to Attract a Talented Workforce

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

The Emergence of Construction’s ‘Sharing Economy’

“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.

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2017 Construction Outlook
For now, it’s tempting to maintain a somewhat pessimistic outlook. A combination...

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