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GroundBreak Carolinas Construction Digest

03/29/2024
Editor's Pick
 
Justin Baker is Executive Vice President with Gaylor Electric, Inc., a leading electrical contractor headquartered in Indianapolis with a major presence in the Carolinas. Baker was promoted to EVP last summer following five years as Vice President in charge of the firm’s Charlotte office, a hub location. The GroundBreak Carolinas' staff recently sat down with Baker.
 
Featured Content
 
 

Financial indicators such as the liquidity ratios, leverage ratios, efficiency ratios and profitability ratios can be used to gauge the performance of your business. With the analysis of these ratios, you will be able to make the informed and right decisions for your business.
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JB Knowledge, a leader in construction technology, recently released its 2017 Construction Technology Report. The report cites how over 3,600 construction companies are utilizing technology in their businesses.
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On Saturday morning, January 27, 2018, a group of women from the National Association of Women in Construction (NAWIC) in Columbia, S.C., happily awakened early to greet the sweet, smiling and curious faces of local youngsters.
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Carolinas AGC (CAGC) presented its 2017 Pinnacle Awards on Saturday, February 3, 2018, at CAGC's 95th Annual Convention in Boca Raton, Florida. Pinnacle entries are judged on unique aspects and challenges; special values; project management; budget and schedule; and safety performance.
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President Donald Trump delivered his first State of the Union Address last night. During the address, the President touted key programs that will have a significant impact on the construction industry. This included legislation focused on workforce development, infrastructure and immigration.
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FMI Corporation released its “2018 FMI Overview,” featuring “FMI’s Fourth Quarter 2017 Construction Outlook.” The publication offers comprehensive construction forecasts for a broad range of market segments and geographies and provides valuable insights from FMI executives on how to navigate the next 12 months.
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The construction industry is in the midst of a skilled workers shortage across all lines of work. It affects design and construction professionals along with trade craftsmen. Skilled workers have left the industry as a result of the economic downturn, an aging workforce, and an insufficient pipeline of younger workers. The overall economy masked the shortage since there was less work.
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The recent employment report from the Bureau of Labor Statistics shows growth in both public and private construction spending, according to an analysis by Associated Builders and Contractors (ABC). Construction added 36,000 net new jobs in January, an impressive increase of 0.5 percent on a month-over-month basis.
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