Category: Business Services
-
How Construction Firms Can Build a Strong Financial Roadmap Amid Rising Costs and Growth
As your construction firm navigates today’s economic landscape, the $1.2 trillion public infrastructure bill, passed a few years ago, continues to carry both promise and uncertainty. Nevertheless, the domestic procurement preferences and materials sourcing requirements tied to this legislation still hold the potential to create meaningful growth opportunities. That said, it’s crucial to be prepared…
-
Construction Cost Inflation Slows in Q2 2025, RLB Report Shows
Construction cost inflation continues to cool, according to the Q2 2025 Quarterly Construction Cost Report from Rider Levett Bucknall (RLB). The report shows year-over-year cost growth dropped to 4.4% in April 2025, compared to 5.42% in the same period last year. The report provides a data-driven snapshot of current construction trends across North America, aimed at…
-
Financing for Equipment Rentals | For Construction Pros
Equipment manufacturers, as well as their customers, look at construction equipment financing as routine. A necessity if you will — especially if you don’t have the hundreds of thousands of dollars sitting around burning a hole in your pocket. But, you know, who does? Having a deeper understanding of ways rental companies can use financing…
-
2025 Construction Survey Shows Industry Staying Resilient Amid Labor and Economic Strains
Despite economic uncertainty, rising interest rates, and ongoing labor challenges, construction firms across the U.S. are staying resilient and planning strategically for the future, according to the newly released 2025 Construction Industry Survey from CBIZ. The nationwide survey gathered responses from general contractors, subcontractors, design/build firms and consultants in the architecture and engineering sectors. The…
-
4 Common Forecasting Mistakes Construction Companies Should Avoid
Few industries are so sensitive to the whims of the economy as construction. Supply chain disruptions, labor shortages, inflation and regulation have left many businesses feeling as though they just can’t keep up. How can anyone make meaningful, actionable projections when every month brings a new and unforeseen change? The answer is that a good…
-
The Trend Toward Bright-Line Protections: Recent Legislative Updates to Prompt Payment Laws Across the Country
Prompt payment statutes have long served as the backbone of financial fairness and predictability in the construction industry. Designed to ensure that those who perform work and furnish materials are paid timely, these statutes help maintain cash flow stability across all tiers of a project. In recent years, state legislatures across the country have taken…
-
Delegated Design in Construction: How to Avoid Legal and Financial Risks
Design delegation has become increasingly prevalent in modern construction, encompassing everything from curtain wall systems to precast panels and fire protection layouts. Contractors and specialty subcontractors are frequently expected not only to construct but also to assume responsibility for portions of design. While this model can enhance project efficiency and delivery, it introduces legal complexities…
-
Bridging the Skills Gap: PlaneraEDU Prepares Construction Students for the Digital Jobsite
The construction industry stands at a crossroads. Faced with a persistent labor shortage, rising complexity in project delivery, and growing demands for speed and precision, construction leaders are under pressure to rethink how we prepare the next generation of workers. Nowhere is this more critical than in construction education, where traditional teaching methods and legacy…
-
Rebuilding the Craft Workforce: Strategies for Retention and Growth
The construction industry has long grappled with the challenge of attracting and retaining skilled craft professionals. Following a significant slowdown in hiring, it’s more important than ever to reexamine how we engage with the people who bring our projects to life. As demand begins to rise again, the workforce isn’t returning at the same pace.…
-
4 Rules for Smarter Economic Forecasting in Construction
Planning for the future has never been as vital — nor as daunting — as it is today. The past five years have demonstrated just how tumultuous the construction industry can be – from supply chain disruptions and labor shortages to rapid inflation and regulatory shifts, each year seems to bring new and unforeseen changes.…