Tag: higher
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New steel, aluminum tariffs will push construction costs higher
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. New tariffs on foreign steel and aluminum will raise construction costs further, adding to price spikes triggered by an initial 25% tariff on the materials earlier this year, according to a June 3 industry webinar hosted by…
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Government cuts higher level apprenticeship funding
The UK government has announced plans to “refocus” funding away from Level 7 (masters level) apprenticeships from January 2026. From next year, only existing apprentices or those aged 16-21 will be eligible for levy-funded training. According to the government, the new measures will allow levy funding to be “rebalanced towards training at lower levels, where…
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Private delays, abandonments drive project stress higher
Project stress rose again in April with the private sector nearing a multi-year high in abandonments, according to the latest data from Cincinnati-based ConstructConnect. The Project Stress Index, a measure of construction projects that have been paused, abandoned or have a delayed bid date, climbed 1.5% in April. The jump marks a 16% increase over…
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Eradicating the common mistake that can lead to higher construction costs
Experts at RNDV, a group of companies with a long-term experience in electrical installation, shipbuilding and complex construction management, say cutting costs for critical competences, such as project management, can lead to costly downtimes and unforeseen situations. It can inflate the budget, causing delays and, therefore, erosion of profits. Kaziulis continues: “Sometimes, to save money…
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Fed holds main rate steady, forecasts higher inflation, slower growth
Dive Brief: The Federal Reserve on Wednesday kept the main interest rate at a range between 4.25% and 4.5% while forecasting higher inflation and slower growth for 2025. In a median forecast, Fed officials estimated that their preferred measure of inflation — the core personal consumption expenditures price index less volatile food and energy prices…