On the surface, an increase in construction in progress spending last year illustrates greater owner confidence in a post-COVID-19 market.

As interest rate hikes slow market inflation, more owners turn to third-party managers to weigh project costs and seek savings.

Procore Technologies, Inc., showed off new products for owners, business analytics for construction and a community forum at its annual Groundbreak conference in Phoenix, Ariz.

Construction companies face the same challenges as technology companies and must be willing to embrace new delivery means and methods for their services... just as Netflix embraced streaming over mail-delivered DVDs.

After three nor’easters pummeled the East Coast this year, architects, engineers and environmental groups are calling for regulators to force building owners to protect their properties from extreme wind, flooding and heat related to climate change and sea level rise. 

The primary focus in any construction project is the owner, the entity that pays the bills.