Construction costs took a major hit during the second quarter, with 14 of the 15 industry cost indexes tracked by ENR declining from the previous quarter. They were some of the biggest quarter-to-quarter declines ever recorded by ENR, averaging a 1.4% decline between January and April of this year. Photo: Michael Moore / SME Steel Contractors Prices for reinforcing bar tumbled by more than half over the past year. Related Links: Razor-Thin Margins As Contractors Fight For Stimulus Projects Firms Hold the Line on Raises, But Salaries Remain Competitive Slow Payment Is Sapping Contractors Strength A Strong Market Still Has
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.