Tag: firms
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6 contech firms raise combined $110M
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Construction tech solutions that allow builders to either compile data into a singular platform or project it onto a jobsite to ease layout were winners in the latest, $110 million round of venture capital funding. That number…
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Backlog slips as small construction firms lose ground
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction backlog fell to 8.5 months in August, down from 8.8 months in July, according to an Associated Builders and Contractors survey conducted Aug. 20 to Sept. 3. Contractors with under $30 million in annual…
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Backlog slips as small construction firms lose ground
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction backlog fell to 8.5 months in August, down from 8.8 months in July, according to an Associated Builders and Contractors survey conducted Aug. 20 to Sept. 3. Contractors with under $30 million in annual…
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Perry Weather Survey: 79% of Construction Firms Report Heat Issues
A new survey commissioned by Perry Weather, a leader in weather safety technology, reveals that extreme heat is creating critical safety and efficiency vulnerabilities on construction sites. The report, “Under Pressure: How Extreme Heat Is Reshaping Construction Safety,” found that nearly 8 in 10 U.S. construction leaders reported heat-related incidents at their jobsites in the past…
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Firms that pay suppliers late could be fined millions under new laws
“Late payments have plagued the sector for too long, causing significant cashflow challenges, hindering growth, and in many cases, forcing businesses to shut up shop. Over the past decade, construction firms have accounted for approximately 18% of total insolvencies in England and Wales, whilst accounting for less than 15% of companies. View the original article…
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6 contech firms haul in a combined $208M
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. An autonomous machinery firm that uses artificial intelligence with retrofits, an AI tool that scrapes permits across U.S. jurisdictions and field-tested AI agents all attracted investor cash in the second quarter of 2025. Here are six startups…
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The 3 essential elements that keep construction firms standing strong
In an industry where approximately 40% of construction companies fail within their first three years, understanding the fundamental elements of business success has never been more crucial. In order to build for your company to build its foundation for success, there are three pillars every contractor needs. 1. The Power of Vision in Construction Leadership…
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Construction Firms Embracing Tech Gain Competitive Edge in Bids, Revenue, and Talent
Don’t underestimate what technology can do for a construction business. That’s the overriding message from a newly released benchmarking report covering the architecture, engineering and construction (AEC) industries. Findings from the 2025 AEC Inspire Report from Unanet [of which I am co-author] show a clear performance divide between AEC firms that are mature in their…
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Construction Firms Embracing Tech Gain Competitive Edge in Bids, Revenue, and Talent
Don’t underestimate what technology can do for a construction business. That’s the overriding message from a newly released benchmarking report covering the architecture, engineering and construction (AEC) industries. Findings from the 2025 AEC Inspire Report from Unanet [of which I am co-author] show a clear performance divide between AEC firms that are mature in their…
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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…