Troy Rudd

🔍 An insightful article by David Glennon at Mace, published in Construction News, resonated deeply with our team. Titled "Data is the Innovation Gift That Keeps on Giving," it highlights an important aspect of our industry—effective data collection and analysis are key to understanding and solving the challenges in construction. 🏗️ The value of data stretches far beyond its initial collection, impacting areas such as health, safety, and sustainability. Moreover, if we could enhance data sharing across organisations, the speed at which we realise these benefits could dramatically increase. 🚀 At Skyline Cockpit, we wholeheartedly agree! This is precisely why we're channelling efforts into R&D, developing a decision-driving dashboard that gathers and transforms crane utilisation data into actionable insights. 🤝 As we continue to innovate, we're excited about the doors that such integrated data usage can open—not just for us but for the entire industry. #Constructiontech #Cranes #Innovation

11

1 Comment

In Engineering News-Record, DPR's CEO George Pfeffer notes that, as projects grow more complex, there's a shift towards a more collaborative CM-at-Risk and design-build models, enhancing preconstruction efficiency and market competitiveness. Even the more traditional clients are now integrating elements of these methods for more effective outcomes, driving a dynamic construction market. https://bit.ly/3Rr04to

81

1 Comment

Looking to handle construction changes faster? Tune in for five critical steps to streamline your processes and save time. Press play and transform your approach!

3

Amidst growing infrastructure demands, the construction industry faces heightened pressure for immediate action. To maintain a competitive edge, contractors must expedite the bidding process to secure vital infrastructure projects. Savvy firms have begun leveraging technology to transform their bidding and bonding strategies, enhancing speed and accuracy, to yield cost reductions of 4% to 6%. Digital empowerment also allows contractors to issue their own bid bonds through online platforms, enabling real-time adjustments for last-minute changes in labor costs, material supply, and price fluctuations. Digital tools, including project control platforms and cost-management software, provide real-time data analysis, minimizing the risks of underbidding or overbidding. This self-sufficiency fosters agility, allowing businesses to respond rapidly to evolving project dynamics without relying on intermediaries. JTE Claims Consultants Ltd. provides a wide range of services to the Canadian construction industry, including construction claims consulting services and commercial advisory and project control services. Visit https://lnkd.in/g43aR6r to learn more. #ConstructionTech #DigitalTransformation #Infrastructure https://ow.ly/qrPv50QSfoi

3

Seale & Associates, Inc. is pleased to share our latest report on the building products sector. This report explores the most prominent trends and the latest operations defining and transforming the industry. In 2024, a 2.0% increase in building construction spending is expected, driven by investments in infrastructure and manufacturing with federal support. The construction products sector has experienced a rise in merger and acquisition (M&A) activities, with strong interest from both strategic and financial buyers. Industry growth will be driven by government spending and private investments in infrastructure, including roads, railways, and ports. There is also a growing focus on sustainable building materials and advanced technologies such as robotics, augmented reality, and virtual reality, which enhance project efficiency and visualization. Despite high interest rates and elevated raw material costs, positive trends are anticipated with sales recovery and increased public investment.   This report offers an essential view of current trends for business leaders, M&A-focused professionals, and all those interested in these trends. It highlights the rise of global transactions and the valuation of leading companies in the sector, such as GRUPO LAMOSA, Interceramic, Orbia, and 3M. The variation in the size of the M&A market, which shows a significant increase in transaction value over the years, underscores the importance of adapting to market changes.   If you want to receive this quarterly report and/or our monthly and sectoral reports, subscribe at https://lnkd.in/gmxEs6E4.   #Construction #ConstructionProducts #Market #MnA #Investment #IndustrialTrends #BusinessStrategy #MergersAndAcquisitions #QuarterlyReport #Mergers #Acquisitions

12

Discover how AEIS is revolutionizing structural testing and inspection services to ensure your project's integrity. Trust in our expertise, embrace proactive solutions and build with confidence. #StructuralIntegrity #TestingandInspections #ConstructionInnovation #AEIS

10

We recently sat down with Kirstein Forrest, a pioneer in the field of construction and a passionate advocate for women in traditionally male-dominated sectors, to delve into her groundbreaking efforts in advancing women's participation in construction. With 20 years of experience as a Quantity Surveyor, we asked Kirstein to reflect on her experience.  “When I was looking at university courses, I didn’t know what I wanted to do. I enjoyed maths, geography, and graphic design and had an interest in architecture so I was keen to see if I could combine my interests and skills into a potential career. I went to a careers event, and after finding out more about the role, Quantity Surveying seemed like the natural choice. “I studied a four-year course, with the second focused on gaining industry experience through a work experience placement at Kier. This really cemented my understanding of the role and reaffirmed I had made the right choice.” Bringing her extensive experience with her, Kirstein joined the Places for People team in 2016, where she oversees a variety of residential and mixed-use projects.   “Working at Places for People, it’s about more than just building houses. Everything we do is rooted in developing Communities and providing a wide range of homes suitable to a variety of people and families. As a Social Enterprise, the company’s ethos is all about driving social value and that is reflected as our profits are reinvested into delivering affordable housing.” On those considering a career in construction, Kirstein explains: “There is currently an overall skill shortage in the construction sector, particularly under 35s, and this means that there is huge potential for anyone looking for opportunities to progress. While the industry is still male dominated, I don’t think anyone should be put off because of their gender.   “Places for People is an incredibly inclusive place to work, and I think it is fantastic that we look to promote the benefits of construction roles to a diverse group of people.” We recently partnered with Women into Construction CIC as part of a commitment to establishing an inclusive workforce. You can learn more about Kirstein’s journey here: https://lnkd.in/eQXSSn2g #BecauseCommunityMatters #WeAreCommunity #WomenIntoConstruction

105

11 Comments

While unfavorable weather and a change in nonresidential #construction impacted its first quarter, Martin Marietta maintains a positive outlook. Says chairman and CEO Ward Nye: “Our positive outlook also reflects continued pricing momentum together with the product demand we expect from record federal- and state-level infrastructure investments, large-scale heavy industrial activity, data centers and energy projects, which should counterbalance softer residential and warehouse construction demand, as well as an anticipated moderation in light nonresidential activity.” #aggregates

25

The construction industry is known for its highly visible and impressive accomplishments, but also for its rough and combative culture. Driven by competitive bidding and the perpetual pursuit of time savings, this sector assumes a rapid, high-pressure identity, often manifested in a harsh work environment. At first glance, this environment might suggest efficiency. After all, assertiveness gets people out of the way and gets the job done fast. It also aligns with the belief that competition creates efficiency, as taught in basic economics. Read more in this week's article by Zachary Schaller & John Killingsworth. #leanconstruction #lean

5

1 Comment

In today's dynamic construction industry, strategic accounting is crucial for success. Learn how to navigate challenges and excel in a shifting market with our industry-tailored guide. Discover key performance indicators, master precise cost estimation, optimize contract schedules, and implement cash flow strategies for sustainable growth. Lead confidently and stay ahead in the competitive construction landscape. Read more at link provided: https://lnkd.in/egfvJump #CSBCPA  #IndustryInsights #ConstructionManagement

9

Our latest blog explores the construction landscape of 2024, presenting a comprehensive panorama of emerging trends, challenges, and opportunities. DC's Chief Cost Estimator, Thaddeus Berkes, shares valuable insights and tips for navigating the industry’s dynamic terrain. Dive into interest rates and financing constraints to set yourself up for success. We're here to ensure a bright future for your construction projects. #Construction #CostEstimating #DesignCollaborative #MarketTrends

8

At ISG, we understand that our success is intertwined with the well-being of our communities. That's why, through our subsidiaries, Rocla and Technicrete, we've been actively giving back and creating positive social impact. Rocla and Technicrete have significantly contributed to community development projects, including the critical Sanitation initiative. This initiative goes beyond just providing clean and safe sanitation units. It also creates local employment opportunities, empowering residents and building a sense of community pride. We believe that companies, especially those with the resources, are responsible for making a positive difference. By investing in our communities, we're helping those in need and building a more sustainable and prosperous future for all. So, we encourage other concrete manufacturers and other big firms in the infrastructure industry to join us in this endeavour. Whether it's supporting local education initiatives, environmental conservation programs, or community health projects, there are countless ways to make a meaningful contribution. Let's work together to create a ripple effect of positive change, one helping hand at a time. #CorporateSocialResponsibility #CommunityEmpowerment #SustainableDevelopment #ISG

16

At ISG, we understand that our success is intertwined with the well-being of our communities. That's why, through our subsidiaries, Rocla and Technicrete, we've been actively giving back and creating positive social impact. Rocla and Technicrete have significantly contributed to community development projects, including the critical Sanitation initiative. This initiative goes beyond just providing clean and safe sanitation units. It also creates local employment opportunities, empowering residents and building a sense of community pride. We believe that companies, especially those with the resources, are responsible for making a positive difference. By investing in our communities, we're helping those in need and building a more sustainable and prosperous future for all. So, we encourage other concrete manufacturers and other big firms in the infrastructure industry to join us in this endeavour. Whether it's supporting local education initiatives, environmental conservation programs, or community health projects, there are countless ways to make a meaningful contribution. Let's work together to create a ripple effect of positive change, one helping hand at a time. #CorporateSocialResponsibility #CommunityEmpowerment #SustainableDevelopment #ISG

15

Our Private Equity industry team just wrapped up a great few days in Dallas for Texas ACG Capital Connection! The middle-market M&A community is definitely active and it's exciting to be part of the effort to close strong deals. 💪 From our 13-week cash flow forecasting tool to Tax Managed Services, the ways we're helping PE firms and their portfolio companies optimize operations once the deal closes were recurring topics of conversation throughout the conference. Here's to keeping the momentum going! #PrivateEquity #MergersAndAcquisitions #MiddleMarket

1

Hope this augments Gary's post. Almost all the best modular companies do not share their strategies, processes, and financial statements—"They make money alone in the dark." Their leaders think differently and fully. They know construction is tough to scale, and growth is very risky. Reviewing publicly held Modular Constructors' annual statements shows that margins continue at single % net profit before tax, and they lost money during COVID-19. It is important to note that constructors' and manufacturers' value-added is the same - hovering around 30% (ABS 2024). However, modular constructors suffer just like traditional constructors (and unlike manufacturers) with adverse conditions such as highly variable project availability, poor client pay habits, the client has design input into the product, stops-and-starts due to client decision-making, not owning the product (cannot sell it when they want), few material suppliers (who have outsized negotiating power), the threat of substitution, relatively few customers (raising the dependency on each) and a highly disproportionate number of competitors per $ billion.

3

1 Comment

Design-build and CM-at-Risk revenue rise to record heights as owners prioritize early collaboration and flexibility in their project delivery methods, the 2024 ENR Top Project Delivery Firms say. #ENRTop100 #construction #projectdelivery #designbuild

58

1 Comment

Guess who made it to the big leagues at #MSBuild? 🚀 We're beyond excited to be rubbing shoulders with the pros on the main stage. Whether it's IT, HR, Finance, or Ops, our mission remains the same: boosting employee experience and productivity for emerging enterprises with our modern service management platform powered by AI. Big kudos to Microsoft for championing innovation and AI every step of the way. You guys are awesome! 🙌 And as for the Copilot+ world? Well, we're gearing up to make some serious waves there too! 🌟💜 Let's do this! #itsm #genai #ai #copilot #cio #itsupport #ex

48