Business Development

Well-Insulated: Predict the Unpredictable Construction Costs
By Jill Masur
August 8, 2025
It’s clear that, at least for the next year or more, the construction industry can expect unpredictable cost variations.
What can construction companies do to insulate against cost fluctuations? How can they mitigate risks related to supply-chain issues, labor shortages, and inc...

Co|Laboration at Its Finest: HITT's Innovation Lab
By Ken Budd
August 8, 2025
A four-legged yellow robot named Spot walks across reddish-brown dirt at the jobsite for HITT Contracting’s new headquarters in Falls Church, Virginia. His narrow frame resembles a greyhound (though one without a head) and his flat back carries cartographic imaging equipment. Spo...

Numbers Don't Lie: Accounting Leaders Weigh In on State of 2025 Construction Finance
By David McMillin
August 6, 2025
On the surface, accounting feels fairly simple: Add up the revenue, subtract the expenses and report where all the dollars are going. Today’s construction industry, however, is anything but simple, and it demands the ability to take a deeper dive into the immediate details while ...

Nonresidential Construction Spending Contracts in Six of Past Seven Months
By ABC
August 5, 2025
WASHINGTON, Aug. 1—National nonresidential construction spending decreased 0.1% in June, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.241 tri...

Executive Insights 2025: Leaders in Construction Accounting
By Construction Executive
August 1, 2025
What should contractors consider when choosing a new accounting firm?
Joseph Natarelli
National Construction Leader
CBIZ
The most important thing is first-hand industry experience. There are many unique facets of the industry that make experience invaluable, from applying the t...

Construction Futures: July 2025 Economic Roundup
By Construction Executive
July 28, 2025
What We Learned in July
Construction spending has been declining for several months, yet industrywide employment continues to grow, backlog increased in June and ABC members remain relatively confident about the future. Despite that optimism, the industry faces many headwinds in...

'It’s Going to All Work Out for America': Anirban Basu on 2025 Mid-Year Construction Economic Forecast
By Construction Executive
July 24, 2025
In the latest Construction Economic Update and Forecast webinar, expert economist Anirban Basu painted optimism over the current and future state of the construction economy under the effect of the Trump administration trade tariffs. The One Big Beautiful Bill is seemingly a posi...

Construction Adds 15K Jobs in June
By ABC
July 4, 2025
WASHINGTON, July 3—The construction industry added 15,000 jobs on net in June, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 121,000 jobs, or 1....

Construction Futures: June 2025 Economic Roundup
By Construction Executive
June 27, 2025
What We Learned in June: Some Signs of Waning Momentum
Construction-specific economic data have started to flash a few signs of potential weakness. Both backlog and nonresidential construction spending declined for the month, and while nonresidential employment continues to grow...

It’s All Relative: The Importance of Building and Maintaining Relationships in Construction
By Chad Prinkey
June 20, 2025
Is construction still a relationship business? According to top executives in the field, absolutely.
At ABC’s Regional Construction Summit in March, construction executives from across the DC/Baltimore metropolitan region came together to discuss the ideal partnership between ge...
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Business Development

Unprecedented Times: An Interview Panel With 2025 Top Construction Law Firms
By David McMillin
Partners at some of CE’s 2025 Top 50 Construction Law Firms offer perspectives on the state of contract disputes, recent victories worth celebrating and implications of the Trump administration’s changes to the legal landscape.
Business Development

All But 4 States Had Construction Unemployment Rates Below 10% in March
By ABC
National construction unemployment rates are nothing if not consistent, holding steady at 5.4%, the same as this time last year.
Business Development

Nonresidential Construction Spending Rises to Highest Level on Record in February
By ABC
Both public and private nonresidential construction spending showed an uptick in February.