Category: Business
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Report Finds Late Payments, Not Just Weather, Behind Many Construction Delays
From detoured commutes to half-finished highways, construction delays are a daily frustration for many Americans. According to new research from Mobilization Funding, 91% of U.S. adults say they’ve had to change routes or plans because of construction, and 70% say those delays affect their daily lives. While most people blame bad weather or poor planning,…
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Exodigo Launches Engineering Services Division to Enhance AI-Driven Project Delivery
Exodigo has launched a new Engineering Services Division designed to combine artificial intelligence with engineering expertise to help infrastructure owners, contractors and engineering firms deliver projects more efficiently and with less risk. The division is co-led by Rod Lacy, vice president of U.S. operations, and Edi Cooks, vice president of product – civil engineering. It…
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Understanding Construction Contract Insurance Requirements: How to Avoid Costly Gaps and Legal Risks
It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving variables, dangerous environments and hazardous conditions that can generate serious losses. Risks include fires, trench collapses, accidents and even loss of life. Insurance is essential to protect the…
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Caterpillar to Acquire Australian Mining Software Firm RPMGlobal
Caterpillar Inc. announced that it has entered into an agreement to acquire RPMGlobal Holdings Limited, an Australian mining software company headquartered in Brisbane. RPMGlobal provides data-driven software solutions for all stages of the mining lifecycle and has been in operation since 1977. The acquisition will complement Caterpillar’s existing technologies in asset management, fleet management, and…
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Four Challenges Facing Construction in 2025 — and How Equipment Leasing Helps Contractors Stay Competitive
The construction industry is being stressed from many sides, but it has strong fundamentals and performed well in 2024. What challenges and opportunities do the industry face, and how are construction firms dealing with them? Here, we break down some of the challenges and explain how equipment leasing and financing is helping construction companies better…
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U.S. Department of Labor Awards $86 Million to Expand Workforce Training in 14 States
The U.S. Department of Labor has awarded more than $86 million in Industry-Driven Skills Training Fund grants to 14 states to support workforce development and strengthen domestic manufacturing and shipbuilding. Administered by the department’s Employment and Training Administration, the grants will provide outcome-based reimbursements to employers that offer training for new and existing workers in…
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How Better Communication Can Attract and Retain the Next Generation of Construction Workers
There is a generational shift in the construction workforce. For companies, this could be a crisis — or an opportunity. The construction industry needs 439,000 new workers this year, while 41% of the current workforce will retire within the next five years. This workforce shift creates a major opportunity for companies that can attract and…
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Copper Tariffs and Construction Site Theft: How Contractors Can Strengthen Security and Prevent Losses
Theft is a phenomenon that follows the news cycle. In a year marked by economic uncertainty and seismic changes in international trade, thieves have taken notice. Increasingly, they see opportunity on construction sites. With the August 1, 2025 rollout of 50% tariffs on semi-finished copper products entering the U.S., construction sites have suddenly become more…
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Construction Insurance Outlook 2026: How Contractors Can Manage Rising Costs, Labor Shortages and New Risks
Construction business leaders know how quickly market conditions can shift. Tariffs, labor shortages, and inflationary pressures are changing the cost of doing business, while technology and legal risks evolve just as rapidly. In this environment, a “set it and forget it” approach to renewing your insurance policy can leave gaps and create costly surprises. According…
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Construction’s Tech Revolution: Why the Industry Can’t Afford to Ignore Digital Tools
The construction industry isn’t known for embracing technology. In fact, it ranks as one of the least technologically advanced industries. But this perception doesn’t have to define its future. After 35 years working with contractors, I’ve seen how firms navigate shifting markets firsthand. What’s clear today is that technology is no longer optional. Cloud platforms,…