Canva. The cost of these 5 construction materials grew the most in 2023. Workers stand on scaffolding in a construction site with an orange sunset in the background.

A material escalation clause in a fixed-price contract might look something like this one: 8.7.1 Escalation Clause. In the event of significant delay or price increase of material, equipment, or ...

Together, powered and non-powered hand tools accounted for 5,790 injuries, while solid building materials injured 3,500 workers during the period studied, according to the center's researchers.

Profitability, meanwhile, also seems to be improving. After experiencing negative adjusted net profit margins in 2009, privately owned building-material and supplies dealers analyzed by Sageworks ...

London, United Kingdom - (NewMediaWire) - March 14, 2023 - The construction sector is a crucial part of the worldwide economy due to its substantial contribution to job opportunities and ...

Engineering and construction costs increased again in December, according to the Engineering and Construction Cost Indicator from PEG and S&P Global Market Intelligence. The Engineering and ...

Once all materials and equipment are on site, cold weather can affect that equipment's functionality, leading to further delays. "When it’s cold, it’s hard on equipment.

Both the material/equipment and labor categories continue to record higher prices. The materials/equipment price index came in at 51.3 in June, its lowest level in seven months.

AI in Construction. getty. Having places to live, work, shop, and otherwise conduct our daily lives is critical. But someone has to build those structures, and someone has to account for all the ...

Field Materials, a US-based AI construction procurement platform, has raised $10.5m in a Series A funding round. This investment boosts the company's total funding to nearly $19m and aims to ...

Construction technology startup Field Materials Inc. has raised $10.5 million in an oversubscribed Series A funding round, bringing its total funding to nearly $19 million.The company applies arti ...