Slow payments are more than a waiting game for the construction industry. They contributed to 12% of total construction costs last year, dipping into firms’ profits. As a result, almost 1 in 3 firms surveyed must finance gaps in cash flow, adding carrying costs such...
A potential housing sector recession is on the horizon, with new construction and building permits falling as homebuilder confidence has sagged to its lowest level in a decade. The industry is taking measures to entice buyers — but, at the same time, it is facing...
January 23, 2023
A potential housing sector recession is on the horizon, with new construction and building permits falling as homebuilder confidence has sagged to its lowest level in a decade. The industry is taking measures to entice buyers — but, at the same time, it is facing more burdensome compliance evaluations on federally contracted projects. As costs […]
October 16, 2023
New York City Mayor Eric Adams and Chief Technology Officer Matthew Fraser announced Monday (Oct. 16) the release of the city’s new Artificial Intelligence (AI) Action Plan. This comprehensive initiative is the first for a major U.S. city. It will help protect against the potential risks of AI while developing tools and knowledge to help […]
