U.S. GDP Bounce Back After a change of -5.0% annualized in ‘real’ (inflation-adjusted) gross domestic product (GDP) in Q1 of this year, the U.S. economy plummeted -32.9% in Q2. Annualizing the number essentially means compounding the quarter-to-quarter change to obtain a yearly rate. (The result is usually close to multiplying by four.) The quarter-to-quarter change in Q2 was about -9.0%.
Listed below are ConstructConnect’s Hot Commercial Construction Projects for the week of September 28 - October 2, 2020. Our Hot Projects showcases three currently bidding or sub-bidding projects from all 50 states and the District of Columbia pulled from our extensive database of construction leads.
Learn how we can help you.
A Deceleration in Jobs Increases The total number of U.S. jobs in September, according to the latest Employment Situation report from the Bureau of Labor Statistics (BLS), rose by +661,000. An increase of nearly two-thirds of a million, on first blush, sounds wonderful. But it needs to be placed in perspective.
It’s Bid Day and do you know how accurate your numbers are? Construction industry insider George Hedley estimates 80% of construction owners don’t know the true cost of doing business. Even if you have a backlog of work, bidding more does not always translate into winning the right projects—especially if you’re using bad numbers.
The construction industry is one of the few left in the world where you can start your career as a laborer and advance through various levels similar to the metaphorical corporate ladder in white-collar jobs. While it's impossible to do this entirely on your own merit, obtaining construction certifications can make those promotions easier to achieve. Here is a list of certifications you might consider if you want to level up your career potential:
There’s a two-sided nature to exchange rate stories that make them particularly interesting. If the currency of Nation A is strengthening relative to the currency of Nation B, then there is an equal and opposite weakening of the currency of Nation B relative to the currency of Nation A.
Listed below are ConstructConnect’s Hot Commercial Construction Projects for the week of September 21 - 25, 2020. Our Hot Projects showcases three currently bidding or sub-bidding projects from all 50 states and the District of Columbia pulled from our extensive database of construction leads.
So, you’re a building product manufacturer and you’ve watched your sales continually rise in this latest, impressive expansion, up to the COVID -19 reset. The assumption would be that things are going well for your company, right? The evidence is in your sales growth chart, a nice steady line upward trend, correct? But is this enough evidence to prove you are growing as much as you could during this expansion? What more do you need to see or understand? With the correct data you can quickly answer these very important questions and chart your growth against the industry.
The accompanying table records the 10 largest construction project starts in Canada in August 2020. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and nonresidential building categories in Canada.
The introduction of technology into the construction industry has paved way for automated time tracking solutions. However, these time tracking solutions are no longer restricted to their traditional purpose, i.e., calculating work hours and managing payrolls.