Tag: Costs
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How Safety Professionals Can Control Costs Without Compromising Worker Protection
Economic volatility and persistent financial pressures characterize the current economic landscape. Businesses across all industries are scrutinizing every expenditure, leading to widespread calls for belt-tightening and greater efficiency. One area where this scrutiny is especially evident is how organizations allocate resources for critical initiatives, including workplace safety. Healthcare costs are set to increase by 5.8-9%…
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The contractor’s guide to conquering construction labor costs
In construction, an industry with notoriously low profit margins, profitability hinges on the ability to understand and control costs to keep your books in the black. With construction labor costs making up an estimated 20-35% of total project expenses, according to consulting firm Gordian, these costs are a crucial element in your company’s profitability. Failing…
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With the hidden costs of sick days, workers say they lie about taking time off
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Despite increasing investment in well-being programs, few employees feel supported by their workplace’s sick leave and mental health programs — and aren’t sure whether they can really take time off without consequences, according to a July 10…
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JLL Report: Construction Outlook Wavers Amid Policy Shifts, Material Costs & Labor Constraints
Policy uncertainty, rising material costs, and labor disruptions are reshaping the U.S. construction industry’s trajectory, according to JLL’s 2025 Construction Perspective: U.S. Mid-Year Update. While activity has slowed in many markets, the report points to significant opportunities for firms that plan strategically and stay flexible in the face of volatility. “The construction industry is experiencing…
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Trump officials using building renovation costs to go after Fed chair, WSJ says
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Cost overruns incurred by the Federal Reserve on the renovation of its headquarters and two other buildings it owns in Washington, D.C., are the kind of thing building owners frequently deal with when undertaking complex construction projects…
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Construction costs rise as tariff clock ticks
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction input prices ticked up 0.2% in June, driven by increases in key materials such as copper and fabricated structural metal products, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor…
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Can Smart HVAC Design Cut Energy Costs for Commercial Properties?
Commercial energy costs are on the rise. With commercial businesses known to experience faster growth in electricity consumption compared to the overall average, predicted costs are expected to reach an all-time high in 2025. Commercial Energy Costs are on the Rise In the US, commercial buildings with the highest energy costs include hospitals, hotels, restaurants,…
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How Factory Managers Cut Costs with Smart Air Leak Detection
A tiny 3mm compressed air leak could cost your factory over $2,500 every year. Many companies spot these leaks during audits but don’t follow through with fixes. Your compressed air systems might leak up to 10% even in perfect conditions. The situation gets much worse in industrial settings, where leakage often hits 40-50%. Here’s the…
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Tariffs keep contractors guessing on material costs
Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. In the first half of the year, one word continued to appear in headlines surrounding broad economic and political change: “uncertainty.” Construction Dive’s Uncertainty Series seeks to delve into various topics swirling in uncertainty to explore how…
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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…