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Material prices increase in March, expected to constrain profit growth

Construction Dive

The ABC said that rising material prices and wages will challenge contractor profits in 2018, despite a healthy backlog of work.

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ABC’s Construction Backlog Inches Higher in May, Materials + Labor Shortages Suppress Contractor Confidence

Construction Superintendent Magazine

Associated Builders and Contractors reports that its Construction Backlog Indicator rose to 8.0 months in May, according to an ABC member survey conducted from May 20 to June 2, 0.1 While ABC’s Construction Confidence Index readings for sales increased modestly in May, confidence regarding profit margins and staffing levels slipped.

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How Inventory Control Saves Construction Teams Resources

Construction Business Owner

How Inventory Control Saves Construction Teams Resources. Practicing inventory control helps your construction team save time & money while keeping you organized. All sorts of businesses rely on inventory to provide goods and services to their customers, but when it comes to construction, supplies and materials are truly essential.

Inventory 226
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Construction Backlog Up, Contractor Confidence Down in March   

Construction Superintendent Magazine

Associated Builders and Contractors’ latest Construction Backlog Indicator has increased to 8.3 months in March, according to an ABC member survey. ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels declined in March. The reading is up.5 5 months from March 2021.

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Buoyed by healthy economy, ABC Index finds contractors upbeat

BD+C

The majority of commercial and industrial contractors are confident about sales growth, profits and staffing levels heading into 2018, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI).

ABC 61
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ABC?s Construction Confidence Index Surges in Q1

Construction Superintendent Magazine

. – Despite ongoing concerns regarding labor force availability and rising interest rates, and emerging concerns regarding tariffs and construction materials prices, construction contractors emerged from the first quarter of 2018 with tremendous confidence, according to the Associated Builders and Contractors Construction Confidence Index.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. The rate of retention is stipulated in the construction contract and can often be negotiated. Retention doesn’t usually apply to material suppliers. ABC Contractor is billing a project owner for $100,000 with 10% retention.