Outlook & Trends

  • Breaking Ground: Women’s Impact in Construction0

    By Patrick Hogan, handle.com The construction industry, traditionally seen as a male-dominated field, is on the cusp of transformation thanks to the increasing involvement of women. Despite the historical imbalance, it’s becoming clear that women’s participation at every level significantly enhances innovation, broadens perspectives, and improves team dynamics. While some sectors have made commendable strides

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  • Successful women Use Their GRIT to Switch to Construction Careers

    Successful women Use Their GRIT to Switch to Construction Careers0

    By Lindsay Wilson, McCarthy Building Companies, Inc. Three women including a former architect, interior designer and laboratory technician all have ample cause to celebrate Women in Construction Week. Despite the diversity in their backgrounds and career paths, Elizabeth Hancock, Taylor Patton, and Devon Murray-Mazany share something in common – the courage to switch professions, fueled

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  • Not a New Idea, but A New Trend – Employee Stock Ownership Plans

    Not a New Idea, but A New Trend – Employee Stock Ownership Plans0

    Creating and implementing a formal transition plan helps to ensure the selling party’s goals and objectives are properly documented and addressed. Without a formal plan, the chances for a successful transition could be greatly reduced.  But as important as it is to design a meticulous plan, it’s also important to choose which kind of sale to pursue. A new trend that is being evaluated as part of an exit strategy is an Employee Stock Ownership Plan, commonly known as an ESOP.

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  • Understanding Nuclear Verdicts is the First Step in Preparing for—and Preventing—Them

    Understanding Nuclear Verdicts is the First Step in Preparing for—and Preventing—Them0

    The rise in nuclear verdicts, and how to understand them. Nuclear verdicts, a relatively recent trend in litigation, refer to legal judgments that bestow significant sums of money upon plaintiffs. The term “nuclear” indicates the potentially devastating financial impacts on businesses and the insurance industry. To be classified as a nuclear verdict, a payout must exceed $10 million, with some reaching astronomical figures in the billions. The exorbitant nature of these rulings is the subject of debate regarding the proportionality of compensation in relation to the damages suffered.

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  • Facing Serious Labor Shortages, Construction Needs a New Approach

    Facing Serious Labor Shortages, Construction Needs a New Approach0

    By Jim, Hall, Tenstreet The construction sector is currently confronting a pivotal set of issues. As projections indicate an upsurge in construction spending, the industry grapples with multifaceted hiring challenges, including a widening skills gap, an aging workforce, and heightened turnover rates. Research from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover

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  • 2024 Forecast: Top 10 Takeaways

    2024 Forecast: Top 10 Takeaways0

    Highlights from the latest construction forecasts show that U.S. economic recovery slowly continues, shadowed by inflation and labor challenges, and geopolitical risk  By: Tara Lukasik, Glass Magazine Editor’s Note: The following is based on forecast presentations from the 2024 Annual Outlook Forecast Conference from Dodge Construction Network, and The Construction Economy Outlook semiannual webcast by ConstructConnect.

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