Confusion over the Trump administration’s “America First” agenda and rising construction costs drive company execs to shift resources toward innovative solutions.
As economic uncertainty swirls around the Capitol Hill debt limit negotiations, some Top 400 contractors are worried about reaching the limit of their ability to keep projects profitable.
First developed 60 years ago, the critical path method is now common practice among large contractors, and a recent survey of ENR Top 400 Contractors shows that practitioners are applying the tool and unlocking its benefits.
Manufacturers are demanding process efficiencies, lean construction, highly collaborative and flexible spaces, prefabrication and even more complex automation that makes for more difficult projects for their general contractors and construction managers.
Water and wastewater construction revenue in the U.S. appeared to shrink last year, as measured by reports from the ENR Top 400 Contractors. But new needs and supply approaches are creating opportunities for firms.
Contractors say they expect the demand for petroleum—liquefied natural gas (LNG) and petrochemicals production, in particular—will remain strong across the U.S. in the near future, with capital markets and construction projects following suit.