Construction Forecasting: Planning the Road Ahead
Viewpoint Construction Technology
NOVEMBER 18, 2021
Why construction forecasting is more important than ever and why modern technology is a must.
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Viewpoint Construction Technology
NOVEMBER 18, 2021
Why construction forecasting is more important than ever and why modern technology is a must.
Viewpoint Construction Technology
MARCH 9, 2023
A look at 2023 construction trends forecasts, built on Q3 & Q4's Construction Metrics Index data from Trimble customers!
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Construction Enquirer
MAY 1, 2023
this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Falling private new housing combined with recent government delays to major infrastructure projects has prompted the spring forecast downgrade from a previously forecast 4.7% fall in output.
Construction Enquirer
JUNE 21, 2023
Mace has increased its tender price forecast in light of further inflation. The latest forecast balances the positive economic growth in the first quarter, the rate of material prices continuing to cool – but also the recent news that the UK economy continues to suffer from significant inflation. in London and 3.5%
Construction Superintendent Magazine
JANUARY 31, 2024
Spending on nonresidential buildings will see a modest 4% increase in 2024, after increasing by more than 20% last year according to The American Institute of Architects’ latest Consensus Construction Forecast. The pace will slow to just over 1% growth in 2025, a marked difference from the strong performance in 2023. in 2024 and 3.5%
Construction Superintendent Magazine
JANUARY 23, 2023
PSMJ’s latest Quarterly Market Forecast survey of 115 A/E/C executives (collected between Dec. Read more The post PMSJ Releases Quarterly Market Forecast appeared first on Construction Superintendent. 28 and Jan. 10) revealed an overall proposal activity Net Plus/Minus Index value of just 8.
Construction Law
MARCH 1, 2024
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Autodesk Construction Cloud
AUGUST 11, 2021
Without being able to accurately forecast cash flow, making important decisions about the future of your firm or projects is a risky venture at best. The challenge with forecasting is that it’s often a time-consuming process making sense of scattered data , various spreadsheets, and multiple disconnected processes or systems.
Viewpoint Construction Technology
MAY 19, 2021
Forecasts from Dodge Data & Analytics and Viewpoint show a construction rebound, and modern, connected technologies are fueling an industry recovery.
Construction Business Owner
APRIL 4, 2018
Some companies rely on weather data they get from local news forecasts, free weather apps and websites to help them determine when the weather will be a factor. Every construction company, especially those operating in the North, has experienced the excruciating pain of having bad weather conditions add costs to a project.
The Constructor
DECEMBER 15, 2021
Leading global designing and engineering consultant, Arcadis, has forecast high inflation in the construction industry from next year due to rising.
Construction Enquirer
JUNE 8, 2023
In its latest tender price forecast for the UK, the cost consultant warned the new fire safety-based design delay would worsen the wider market slowdown. Looking ahead, Rawlinson said: “Even if 2023 turns out to be better than forecast, we will see a significant slowdown compared to the past two years.
Construction Superintendent Magazine
DECEMBER 16, 2019
Associated Builders and Contractors’ Chief Economist Anirban Basu forecasts continued momentum for the construction sector next year but advised an overall “wait-and-see” approach based on leading and lagging indicators and economic uncertainties. Indeed, one of the sources of strength for the U.S. economy over the last year has been.
Autodesk Construction Cloud
SEPTEMBER 29, 2022
The good news is that together Autodesk and Amazon are taking a big step in making data and insights more accessible for construction professionals. Even better news—Amazon S3 is highly configurable to meet your specific business needs and allows you to retrieve any amount of data from anywhere.
Construction Dive
SEPTEMBER 1, 2016
The NEW Small UAS Rule (Part 107) for commercial use of drones, including all pilot and operating rules, is in effect as of 12:01 a.m. According to the Associated Press reporting on an August 29 news conference, FAA officials forecast 600,000 commercial drone aircraft operating in the U.S. EDT on August 29, 2016. Read more.
Construction Superintendent Magazine
SEPTEMBER 19, 2016
The residential market will take a bit longer to hit the mark, but the news is positive across the board for industry stakeholders. The post Market Forecast: Nonresidential Construction to Rebound in 2017 appeared first on Construction Superintendent. Growth is predicted to reach 8 percent in 2016 reaching $1.14.
Construction Superintendent Magazine
OCTOBER 2, 2018
The annual Dodge Outlook Conference is the cornerstone event for building product manufacturers, construction service providers, contractors, engineers, industry associations and other professionals serving the construction industry to gain critical insights into the economic forecast for the North American construction industry.
Contractor Magazine
MAY 12, 2014
I had gotten awfully weary reporting mediocre economic news every year when I put together our annual Book of Giants issue. But now, finally, we have an economic forecast that’s optimistic. There were too many times when a couple percent looked much better than being down for the year. As I See It. Management'
Construction Superintendent Magazine
DECEMBER 19, 2016
21, the Associated General Contractors of America and Sage will release their national and state* construction hiring and business forecasts for 2017 during a media conference call at 800-874-4559 (Canadian: 800-696-0876) (verbal pass code TURM25524). EST on Wednesday, Dec.
Pro Builder
JUNE 15, 2020
Economists polled by Dow Jones forecasted a decline of over 8 million jobs, but in May, the economy actually added 2.5 Construction saw its own bump of 464,000 net new jobs as state restrictions lift and builders ramp up to full speed. “One Economists polled by Dow Jones had forecasted a decline exceeding 8 million jobs.
Autodesk Construction Cloud
SEPTEMBER 20, 2022
With access to near real-time labor data, teams can instantly visualize how they’re progressing against the plan , aut omatically see the required performance needed to stay on track , and make forecast adjustments if needed. . Forecast with accuracy. Forecast adjustments can be quickly created and adjusted. Less than 1.00
Buisness Facilities Contributed Content
MAY 14, 2014
According to the report “Facility Management Market by Solutions (CAFM, IWMS, CMMS, BIM, IWMS) & Services – Worldwide Market Forecasts and Analysis (2014-2019), “ infrastructural development and technological advancements are the primary factors driving the growth for the facility management market. Posted by Heidi Schwartz.
Autodesk Construction Cloud
NOVEMBER 17, 2022
Any gains or losses are easily visible and can be used as the basis for forecast adjustments. . Being able to quickly see this, you can now forecast the end cost as accurately as possible. Users can then use the realized amount, unrealized amount, or sum of both to generate a forecast adjustment. .
Construction Superintendent Magazine
JANUARY 28, 2022
According to a new report from the American Institute of Architects, the nonresidential building sector is expected to see a healthy rebound through next year after failing to recover with the broader economy last year. in 2022, and accelerate to an additional 6.1% increase in 2023.
Construction Enquirer
MAY 23, 2023
Ferrovial Construction UK suffered a £30m loss last year after big provisions for forecast losses on the £2bn Silvertown Tunnel project in East London. of forecasted losses. The firm revealed total provisions of £54m on the project for the year ending 31 December 2022. This figure is made up of £19.6m
Construction Superintendent Magazine
MARCH 20, 2024
Cost escalation will challenge construction firms, which will need to develop new processes and capabilities to keep costs under control and projects on track. The company also forecasts significant variation in cost escalation between major cities. For example, construction costs in Chicago, Illinois are predicted to rise 3.5%
Construction Enquirer
MAY 8, 2023
It will now syphon off allocated funding for the M62 to top up the M1 J10-13 planned motorway scheme which is also forecast to exceed the original budget and had struggled to get final sign-off. Now the projected cost of the 19-mile central reserve upgrade has soared so high that Highways England has axed the scheme.
Construction Superintendent Magazine
DECEMBER 21, 2023
“While both portions of the Momentum Index saw slower momentum in planning, overall levels remain steady and will support construction spending in 2024 and 2025,” stated Sarah Martin, associate director of forecasting for DCN. Excluding data center activity, all commercial segments saw declines in November.
ENR Construction
AUGUST 13, 2012
Annual Subscription : Get ENR magazine for one year and access to all articles published on ENR.com, along with ENR daily news alerts and weekly newsletters for only $87.00/Year. Regional news and information. Daily news alerts & weekly e-newsletters. Industry forecasts. Order today & get the ENR News App.
GCP Applied Technologies
MARCH 7, 2018
It’s called ‘construction forecasting’. Construction forecasting is not unlike predicting the stock market—anything under the sun can affect it. With the right know-how, the right applications and an analytical mind, a good forecaster can not only extrapolate the patterns, but explain them. Forecasters can also work backwards.
Construction Superintendent Magazine
DECEMBER 11, 2023
JLL’s new U.S. and Canada Construction Trends 2024 forecast explores the opportunities and challenges facing the construction industry in the year to come. After a year of stabilization, the construction industry in the U.S.
Construction Superintendent Magazine
JANUARY 18, 2023
While spending on nonresidential construction picked up momentum toward the end of 2022, construction spending will moderate in 2023 and slow significantly in 2024, according to a new report from the American Institute of Architects. Similar to 2022, growth in construction spending in 2023 will be uneven with a projected 2.6%
Construction Enquirer
MAY 3, 2023
In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts. Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m with 31 staff working at the company. Accounts show that the company owed £4.4m
Contractor Magazine
MAY 25, 2014
Industry Event News' First of all, the contractors asked for a reauthorization of the Perkins Act, a block grant program to the states for funding career and technical education. It’s a jobs bill that addresses American competitiveness. How can you be against that? As I See It.
Construction Enquirer
JUNE 27, 2023
In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts. Howard Russell worked across the UK as a design and build contractor for a wide range of sectors. with 31 staff working at the company.
Pro Builder
JANUARY 11, 2023
News & World Report reveals that 43% of homebuyers who took out an adjustable-rate mortgage (ARM) in 2022 regretted their decision, Realtor.com reports. However, Realtor.com is forecasting a 7.1% A recent survey by U.S. As rates continue to rise at the start of 2023, those borrowers are now second guessing their decisions.
Pro Builder
APRIL 1, 2022
But mortgage rates are largely forecast to keep rising, so that will likely be seen in their monthly payments down the line. The good news is that even though most of these buyers will see rates on their ARMs increase, the uptick in these loans isn’t expected to trigger another foreclosure crisis.
Contractor Magazine
OCTOBER 28, 2021
Connor Lokar, Senior Forecaster at ITR Economics, gives the Friday Keynote at PHCC CONNECT 2021.
GCP Applied Technologies
MARCH 7, 2018
It’s called ‘construction forecasting’. Construction forecasting is not unlike predicting the stock market—anything under the sun can affect it. With the right know-how, the right applications and an analytical mind, a good forecaster can not only extrapolate the patterns, but explain them. Forecasters can also work backwards.
Autodesk Construction Cloud
APRIL 24, 2023
The good news is that these challenges aren’t insurmountable. For one, market factors heavily influence labor and material expenses, making forecasts difficult and increasing the likelihood of overruns. Then there are the projects themselves, which are incredibly complex. design and preconstruction.
Construction Superintendent Magazine
DECEMBER 11, 2018
. — Associated Builders and Contractors Chief Economist Anirban Basu forecasts another strong year for construction sector performance, yet warns about inflationary pressures, according to a recently published 2019 economic outlook. Job growth, high backlog and healthy infrastructure investment all spell good news for the industry.
Construction Superintendent Magazine
JANUARY 31, 2019
percent through 2019, according to a new consensus forecast from The American Institute of Architects. Learn more about this Consensus Construction Forecast online. . – Nonresidential construction spending on buildings is projected to grow by 4.4
Pro Builder
DECEMBER 21, 2021
“I wish I had better news for home buyers this holiday season, but in many ways the housing market is more challenging than ever,” said Redfin chief economist Daryl Fairweather. “At At least buyers have the benefit of low mortgage rates. But by next year, inflation may spread to more consumer goods.
Pro Builder
SEPTEMBER 16, 2020
Tri Nguyen, founder and CEO of Network Capital Funding Corporation, forecasts possible changes to lending regulations, more attraction to affordable locales, and a reemergence of housing inventory. It is my hope that we will continue to see more regulations emerge with borrowers as beneficiaries. A Steady Re-Emergence Of Housing Inventory.
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