Social distancing may feel surreal in the beginning—coworkers avoiding physical contact, people separated by partitions, everyone wearing masks. It might even seem a little lonely with a lot of our coworkers still forced to work at home as organizations ramp up operations, allowing people to return to work in phases. Nonetheless, over time, we'll get used to a new "normal" as novel ways of working emerge.
Average annual U.S. ‘real’ (i.e., after accounting for inflation) gross domestic product (GDP) growth for the latest 20 years (2000 to 2019 inclusive) has been +2.1%; and for the past 10 years, +2.3%. The latest 10-year (2010 to 2019) annual average isn’t biased downwards by the 2008-2009 recession.
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Listed below are ConstructConnect’s Hot Commercial Construction Projects for the week of July 27 - 31, 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.
Here’s a quick rundown of this week’s top news and happenings in the construction industry. Each week, we’ll take a look at some of the interesting local, regional, and national stories about construction to keep you better informed of the goings-on in the industry.
Midsummer 2020 will forever be known as a historic time for U.S. economic data releases. On this date, July 30th, the Bureau of Economic Analysis (BEA) has published its estimate of Q2 versus Q1 gross domestic product (GDP) change, annualized (i.e., extended for a full year), and it’s a searing drop of -32.9%.
When it comes to construction management, it starts with an understanding of the project design, construction planning, execution process, along with the effective use of resources. Considering the definition of Project Management Institute, construction project management is defined as the coordination between human and material resources that helps to achieve the defined construction goals while driving the goals related to cost, time, scope, and quality.