Lucy Perry – CEG CORRESPONDENT - Mon December 23, 2024
Construction Industry Optimistically Preparing for New Year Ahead
The construction industry is "cautiously optimistic" going into the new year. Infrastructure makes up the largest market sector and it's expected to grow in 2025. And while growth will continue, it'll be incremental heading into the fourth year of the federal IIJA, now that many of the projects launched under this act have started or are under construction....
Lucy Perry – CEG CORRESPONDENT - Thu October 31, 2024
Construction Market Boosts Economy
Due in large part to the 2021 IIJA bill, the construction sector is adding jobs to the U.S. economy. In September alone, the industry added 25,000 jobs compared with August. In fact, from September 2023 construction gained 238,000 jobs, which equates to a 3 percent increase....
Lucy Perry – CEG CORRESPONDENT - Thu August 08, 2024
Survey: Concerns Remain Over Buy America Requirements
Rising highway construction costs are draining more dollars from BIL funds allocated for federal transportation projects across the country. The FHWA admits that what can be purchased today with BIL funds earmarked in 2021 is markedly less that what was pledged....
Lucy Perry – CEG CORRESPONDENT - Wed August 23, 2023
Final BABA Rule Stipulates Domestic Made Construction Materials On Federal Projects
In mid-August, the White House issued final guidance on the controversial Build America Buy America Act (BABA). President Joe Biden aims to bolster the economy "from the middle down and the bottom up." With some exceptions, the word to the construction industry is to use American-made materials built by American workers....
Lucy Perry – CEG CORRESPONDENT - Thu August 10, 2023
Equipment Financing On Uptick for Second Half of 2023
The equipment finance picture is encouraging, six months after a report indicated it would be a so-so year. The Equipment Leasing and Finance Association (ELFA) reports that June new business volume was up 6 percent year-over-year....
Lucy Perry – CEG CORRESPONDENT - Thu July 27, 2023
OMB Hit With Questions Surrounding Build America, Buy America Act
While the construction industry awaits the Biden administration's final wording of its Build America, Buy America Act (BABA), contractors can study up on application of the rule. Meant to bolster the economy through the required use of domestically sourced construction materials, the rule is considered contradictory at best and confusing at worst....
Lucy Perry – CEG CORRESPONDENT - Wed March 08, 2023
Assessing Your Assets: Now Is Good Time to Optimize Fleet
With the bipartisan IIJA committing hundreds of billions to fund infrastructure projects over the next five years, now is the time for contractors to assess off-road fleets and start shopping for machine upgrades....
Capitol Beat News Service - Mon July 25, 2022
Inflation Forced GDOT to Reject 12 Project Bids Due for Lettings in August
Inflation is having a negative impact on the construction schedule for the Georgia Department of Transportation (GDOT), the Capitol Beat News Service in Atlanta reported July 24. The agency has rejected bids on 12 projects that had been due for letting in August, Meg Pirkle, GDOT's chief engineer, told members of the State Transportation Board July 21....
IED and CEG - Wed March 30, 2022
IED Welcomes Charlie Dougherty to Discuss 2022 Forecast
The Illinois Equipment Distributors (IED) kicked off the new construction season with its 2022 Construction Equipment Forecast meeting March 24 at Venuti's Italian Restaurant in Addison, Ill. Charlie Dougherty, vice president and economist of Wells Fargo's Corporate and Investment Bank, was guest speaker....
Lucy Perry – CEG CORRESPONDENT - Thu January 27, 2022
Contractors Strategize How Best to Fill Job Openings
Two big construction industry outlook reports released in early January show promising construction industry stats where workforce is concerned. The supply-chain issues and labor shortages continue, yet respondents to both surveys said they plan to hire and increase staff this year....
