More Construction Jobs, More Profit in 2022 (Really!)
Viewpoint Construction Technology
JANUARY 26, 2022
Construction professionals are optimistic about growth in 2022, according to results from a new Viewpoint Network Survey.
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Viewpoint Construction Technology
JANUARY 26, 2022
Construction professionals are optimistic about growth in 2022, according to results from a new Viewpoint Network Survey.
Autodesk Construction Cloud
APRIL 24, 2023
While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins.
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Viewpoint Construction Technology
NOVEMBER 15, 2021
Old-fashioned construction accounting can’t win against today’s complex projects and high-risk landscape. Viewpoint Analytics brings powerful reports.
Viewpoint Construction Technology
JANUARY 19, 2024
Annual recurring revenue is that sweet, sweet, repeatable profit to even out the peaks and valleys of project-based work. What are other 2024 trends?
Construction Enquirer
JUNE 28, 2023
Morgan Sindall is set to report better-than-expected trading for the first-half with profits strongly up. In a trading statement for the first six months of the year, the construction and regeneration contractor said the fit-out division in particular had delivered a much stronger performance than expected.
Construction Dive
AUGUST 21, 2023
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Construction Enquirer
MAY 23, 2023
Hertfordshire-based HG Construction delivered a third year of strong growth to achieve record revenue last year, up 38% to £336m. But pre-tax profit slid to £15m from £25m the year before in the face of a turbulent market and unpredictability of material and labour prices. Op profit margin 4.6%
Viewpoint Construction Technology
JULY 16, 2020
Viewpoint's Matt Harris recently discussed the construction industry landscape on the Construction Genius podcast.
Construction Enquirer
AUGUST 17, 2023
BAM’s UK building and civil engineering business saw profits fall in the first half as inflation and supply chain issues eroded margins. Building arm BAM Construction saw profits fall by 30% to £13.2m Revenue at the combined division was stable at £1.33bn with profit up nearly a third to £54m.
Construction Enquirer
AUGUST 24, 2023
Derbyshire-based Collins Earthworks saw pre-tax profits nosedive to £4.7m Director Dave Collins said: “The profitability for the year has been impaired due to changes in government legislation on the use of red to white diesel, which has resulted in an increase in the costs during the year.” ” said Collins. .
Construction Enquirer
JUNE 15, 2023
The slowdown in the housing market has forced a profit warning at Travis Perkins. “Volumes in both the new build housing and private domestic RMI markets continue to be impacted by higher interest rates and weaker consumer confidence driven by persistent, higher than anticipated consumer price inflation.
Construction Enquirer
JUNE 13, 2023
Britain’s biggest steelwork contractor Severfield has delivered stronger than expected profits and revenue after embarking on a diversification strategy. Underlying pre-tax profit jumped a fifth to £32.5m In April after the year end, Severfield bought £65m turnover Dutch steel group Voortman Steel Construction for £21m.
Construction Dive
AUGUST 18, 2023
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Construction Enquirer
MAY 31, 2023
Briggs & Forrester Group saw pre-tax profit halve to £1.6m Group financial director Jeremy Askew said: “It has been a particularly difficult year with high levels of inflation experienced impacting on the profitability of some fixed price contracts. after suffering a £1.6m
Viewpoint Construction Technology
AUGUST 25, 2020
In just 15 minutes, you’ll learn how ViewpointOne can remove challenges that block collaboration on a job site.
Construction Enquirer
MAY 10, 2023
Caddick Group saw profits jump by more than 40% as it posted latest results for the year ending August 2022. Across the group – which includes Moda Living, Caddick Developments and Caddick Construction – pre-tax profits hit £58m from a turnover up 28% to £492m.
HardHatChat
OCTOBER 17, 2022
Between 2018 and 2022, Englewood’s national construction work in the cannabis retail industry grew by 100% and we expect that trajectory to continue as more states legalize recreational marijuana use and cannabis firms expand into new markets.
HardHatChat
JANUARY 30, 2019
After nearly 10 years of publishing Hard Hat Chat (more to come on our blog’s 10 th anniversary later this year), we know there’s never a shortage of fresh topics and trends to discuss in the commercial construction industry. Here they are: the commercial construction headlines that just won’t die – and why: Labor Shortage Lingers On.
Construction Enquirer
JULY 26, 2023
Shed and multi-room building contractor Winvic saw pre-tax profits fall for the first time after two jobs secured before the pandemic ran into loss. Pre-tax profit nosedived a third to £10.5m in the year to January 2023 as the more challenging market also eroded margins.
Viewpoint Construction Technology
JANUARY 29, 2019
Take a Short Quiz on Construction Trends and Statistics and See How Much You Know. What is the largest construction related project? Do you know just how large the construction industry is or what it’s projected to be in the near future? Ever consider what influences construction labor shortages ? Ever wonder….
Construction Enquirer
JULY 30, 2023
McAleer & Rushe is set for a record year having secured new contracts worth £440m in the first six months of 2023 in Greater London, the Midlands and Scotland. The bounce back follows a disappointing performance in 2022 that saw pre-tax profit fall 19% to £12m from revenue flat at £404m, according to newly-published accounts.
Viewpoint Construction Technology
FEBRUARY 6, 2018
At Viewpoint we strive to help customers streamline operations, decrease risk, increase profits and transform their businesses. The digitization of the construction industry is inevitable, and Viewpoint is at the forefront of construction software innovation. Keep up to date on the latest coverage by visiting Viewpoint News.
Autodesk Construction Cloud
NOVEMBER 13, 2023
The construction industry is no stranger to big changes. Every big change has certainly come with its challenges, but the construction industry has successfully overcome these pain points to advance processes and achieve new levels of efficiency.
Contractor Bookkeeping
JULY 14, 2023
It's hard to go a day without reading something in the news about the state of the economy. In this article, we'll explore ways to adapt and improve your construction company during slowdowns, so your business can emerge more substantial when the market bounces back.
Construction Enquirer
JULY 3, 2023
Civils and construction specialist Careys is looking to bounce back from a “turbulent” year which saw the main contracting business record a £35m loss. Careys told the Enquirer that the contracting business has returned to profit in current trading and contract-selection procedures had been tightened up.
Autodesk Construction Cloud
OCTOBER 26, 2023
Construction companies are generating a vast amount of data every second. Whether it's a bid submitted, an issue reported, or a new change order approved, you're likely sitting on a goldmine of information that can be used to improve efficiency, reduce costs, and make better decisions. Take DPR Construction.
Contractor Bookkeeping
NOVEMBER 27, 2020
Without proper tracking and matching of income and expenses, most construction companies never know if they made a profit until the job is over. Due to your work's nature, as construction contractors provide services on a per-job operation, issuing invoices make it all the more challenging and complicated than it has to be.
Construction Enquirer
JULY 17, 2023
The UK construction division of Sisk fell into the red last year. Latest results for parent company Sicon Limited for the year to December 31 2022 show the UK construction division delivered turnover of £350.7m compared to a pre-tax profit of £8.4m from £382.9m the previous year generating a pre-tax loss of £2.5m
Contractor Bookkeeping
APRIL 5, 2019
Without proper tracking and matching of income and expenses, most construction companies never know if they made a profit until the job is over. However, due to your work’s nature, as construction contractors provide services on a per-job operation, issuing invoices make it all the more challenging and difficult than it has to be.
Viewpoint Construction Technology
MAY 31, 2018
The Construction Industry’s Best User Conference Is Only Getting Better. That’s when thousands of construction professionals of all roles, company sizes and specialties will gather here in Portland to learn, network and discover the latest technology solutions to eliminate inefficiencies and increase their profitability.
Construction Enquirer
MAY 3, 2023
Northumberland based Howard Russell Construction has gone into administration. 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 Administrators from FRP Advisory are now in control of the £43m turnover business. with 31 staff working at the company.
Autodesk Construction Cloud
FEBRUARY 1, 2024
A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry.
Construction Enquirer
MAY 24, 2023
Staffordshire based contractor Quantum Construction went down owing 267 suppliers more than £4m. “But is looks like they failed due to silly profit margins and inflation. An update filed at Companies House by liquidator Quantuma Advisory revealed the scale of the debts at the business when it collapsed in April.
Viewpoint Construction Technology
APRIL 10, 2018
Although historically the construction industry has been slow to go digital , times are changing. There’s an industry transformation happening in construction, driven by modern technology, and these changes are significantly elevating construction management. Manual Processes Handcuffing True Construction Management.
Construction Enquirer
MAY 31, 2023
National Grid Electricity Transmission has fired the starting gun on what will be one of the biggest tender races this year for the construction industry. Opting for a collaborative procurement model, The Great Grid Upgrade Partnership will be split into two major lots: covering consultancy and construction works.
Contractor Bookkeeping
MARCH 27, 2020
(Note: We are tracking the latest construction industry news and online resources for contractors in time of COVID-19). Some contractors and construction company owners believe in maximizing production by driving everyone from the laborers to the Project Managers to work harder, longer, faster, hustle, and run.
Construction Enquirer
JUNE 8, 2023
Henry Construction Projects has gone into administration leaving hundreds of suppliers and subcontractors out of pocket. Last year Henry reported revenue had topped £400m for the first time generating a £14m pre-tax profit, compared to just five years ago when turnover stood at £111m.
HardHatChat
MAY 13, 2014
Workers remove wall panels from a high rise to accommodate new windows for one of the many projects Englewood Construction negotiates with its clients. We never like it when scandal rocks the commercial construction industry. Commercial construction companies need fees to cover their overhead.
HardHatChat
AUGUST 7, 2019
A version of this post was published in Illinois Real Estate Journal as a byline article from Englewood Construction. Earlier this summer, Englewood Construction’s home state of Illinois passed a bill making it the 11 th state in the U.S. to legalize the use of recreational marijuana. Timing Is Everything.
Construction Superintendent Magazine
JULY 11, 2023
Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.9 View the historic Construction Backlog Indicator and Construction Confidence Index data series. ABC’s Construction Confidence Index reading for sales, profit margins.
Construction Enquirer
JUNE 2, 2023
Student developer Fusion has terminated its contract with Henry Construction on a £72m purpose-built student scheme in Brent Cross, North London. This week London drylining contractor Ozel Group issued a winding-up petition against Henry Construction in an attempt to settle outstanding payments. Henry has been contacted for comment.
Viewpoint Construction Technology
MARCH 27, 2018
According to the JBKnowledge 2017 Construction Technology Report , 62.2 That’s nearly a 20 percent increase from last year, a big improvement that indicates contractors are looking for new ways to tackle jobsite challenges. Perhaps not surprisingly, drones are the most common new technology used by contractors. In 2017, 37.8
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. Karl Goose, Managing Director for the UK & Ireland said that Ferrovial Construction continued to pursue its strategic plan to grow sustainably in the UK and improve margins.
Construction Enquirer
JULY 6, 2023
In latest published accounts to September 2022, Rydon Group Holdings revealed a pre-tax profit of £6.1m Rydon Homes was the main profit driver left in the group generating a pre-tax profit of £11m up from £3.7m level with last year from revenue slumped 35% to £91m. previously. loss from £5m revenue. loss from £5m revenue.
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