2025 Construction Finance Trends

2024 has seen a dynamic construction landscape marked by slowdowns in planning, staffing challenges, and reduced material costs. As we move into an uncertain 2025, construction finance leaders are reevaluating their investments in tech tools, bolstering security, and finding new ways to operate as their responsibilities evolve. AvidExchange has released their report listing 7 Trends Impacting Construction Accounting and Finance Departments.

Read today!

U.S. Department of Labor’s Severe Injury Report Dashboard

In September, the U.S. Department of Labor (DOL) launched its online Severe Injury Report dashboard, a tool designed for users to search the DOL’s Severe Injury Report database and view trends related to workplace injuries. OSHA defines a severe injury as “an amputation, in-patient hospitalization, or loss of an eye.” The dashboard covers injury data from 2015 to 2023. The data can be broken down by NAICS code, establishment name, state, year, body part, source, nature, and events/exposure and will be regularly updated. The database does not include data from states with their own state workplace safety and health plans.

This is the first time these reports will be made publicly available, and it raises several concerns. For example, the database provides severe injury data without providing much context, enabling others to create a false or misleading picture of an employer’s workplace safety practices and record. The information will also likely be used by litigants, insurance companies, regulators and others for any number of reasons.

That said, we do believe the dashboard will be useful for companies and associations when they want to use injury data in comments responding to OSHA rulemakings. For example, through some initial searches using the tool, we found that, in 2023, many severe injuries in the “couriers and express delivery services” sector were due to “exposure to environmental heat.” As OSHA has recently issued its proposed Heat Injury and Illness rulemaking, having access to data on the number, origin, and details of industry injuries at the hands of heat will be valuable.

Construction Technology Report 

Associated Builders and Contractors released its fourth annual construction technology report, which focuses on the impacts of artificial intelligence in the construction industry. 

Lenovo Cyber Savings Event

Don’t miss out on this year’s Cyber Savings Event which features exclusive deals on Lenovo’s Yoga and X1 Carbon laptops, perfect for both work and play. The Yoga series, known for its versatility and 2-in-1 design, making it ideal for creatives and professionals on the go. The X1 Carbon, renowned for its lightweight design and robust performance, is treasured among business users seeking reliability and speed. Upgrade your tech with these exceptional devices at unbeatable prices!

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Report: The Cost of Poor Coordination in Construction Projects

Nearly all contractors in the U.S. and Canada (98%) have had projects with serious quality issues in the last three years, such as errors, omissions, and rework, according to the latest study released by Dodge Construction Network. Not By Design: The True Cost of Poor Collaboration in Construction SmartMarket Brief, published in partnership with Dusty Robotics, examines the causes of these challenges and provides actionable, tactical strategies for improving future project outcomes.