Business Management

  • Future Construction: Top Predictions from Industry Leaders

    Two overriding concerns for 2018 and beyond—the labor shortage and productivity—were on the minds of this year’s Construction Executive future technology panel. The construction industry’s labor shortage is expected to worsen in 2018 as Millennials shun construction careers, Generation Xers move into leadership positions, and Baby Boomers retire. “While many U.S. sectors, including agriculture and

  • Silicon Valley Is the Answer to Attracting the Next Generation in Construction

    The construction industry’s skilled-labor and engineering shortage has been escalating from a perfect storm—a confluence of those who left the field and didn’t come back, those about to retire in droves, and those uninterested in joining the ranks. The root of the labor shortage goes back to the Great Recession of the late 2000s, when

  • Gazing into the Crystal Ball

    What Slowdown? Pace of Construction Activity Projected to Accelerate through 2019 By Kermit Baker Construction spending for nonresidential buildings is projected to increase 4 percent this year and continue at that pace of growth through 2019. While the commercial construction sectors will generate much of the expected gains this year, by 2019 the industrial and

  • Inside the Millennial Mind

    Positive construction and engineering (C&E) forecasts give industry members a lot to be excited about: proposed infrastructure spending and moderate growth mean more opportunities ahead for C&E firms. The problem? Many businesses are reporting significant issues hiring enough workers to staff their current projects, let alone fill new ones. Insulation Outlook staff recently spoke with

  • Presidents’ Perspectives

    In this special feature, the National Insulation Association’s (NIA’s) current President and President-Elect offer their insights and views of the insulation industry from their different industry segments. Darrel Bailey has been Senior Vice President with Performance Contracting, Inc. for 38 years and has a wealth of knowledge from his decades in the industry. This union

  • Combating Wild Weather

    The Cost of a Chaotic Climate What does this mean for the construction industry? Quite a bit. According to Forrester Research, weather is the leading cause of business disruptions.1 No other industry is as susceptible to weather’s unpredictability as construction workers who operate outside. High winds from thunderstorms and tropical developments create hazardous environments for

  • Extreme Weather and the Construction Industry

    This fall, the United States was hit with a series of tropical storms that caused extreme destruction and mass evacuations. It’s estimated that together, Hurricane Harvey and Hurricane Irma caused $290 billion in damages. Harvey accounts for the majority of this figure: the rebuild is expected to cost $190 billion, making Harvey one of the costliest weather

  • The Tax Cuts and Jobs Act

    Are you ready for tax “reform?” Thanks to the recently passed Tax Cuts and Jobs Act (TCJA), the tax rate for incorporated businesses will be reduced from its current 35% to 21% for the 2018 tax year and thereafter. Although the business tax cuts are—for the most part—permanent, the tax cuts for individuals are only

  • OSHA’s Silica Dust Standards: First Construction, Now General Industry

    In fall 2017, new Occupational Safety and Health Administration (OSHA) standards imposed strict limits on workplace silica dust exposure in the construction industry. But, OSHA is not stopping there. In June 2018, OSHA will begin enforcing very similar rules for employers in general industry. These new standards are stringent and employers must quickly implement procedures

  • Safety Update: Electronic Record Keeping, Walking and Working Surfaces, Silica, and More

    Electronic Record Keeping You may have heard more than you care to hear about electronic records submission. It’s possible that a number of you have not made your electronic submissions to the Occupational Safety and Health Administration (OSHA) because you think that the standard does not apply to you or because you do not know