2Q 2025 Cost Report: Compensation Increases Slow Following Consecutive Spikes in Recent Years
[ad_1] The hot pace of construction staff compensation is cooling. Following years of historically high salary increases, employers are reigning in pay for construction staff. Last year, base salaries increased by 4.6% on average, according to data from compensation consultant Personnel Administration Services. The pullback follows average
2Q 2025 Cost Report: With Tariffs Still Uncertain, Used Equipment Prices Show Signs Of Leveling Off, For Now
[ad_1] The first few months of this year saw some uncertainty in equipment pricing, but even with the unclear tariff situation the used equipment market has seen prices stabilizing, according to the latest data from industry analyst firm EquipmentWatch. Prices for used equipment at resale and auction
2Q 2025 Cost Report: As Tariffs on Steel, Aluminum Rise to 50%, Feds Approve US Steel Sale to Nippon Steel
[ad_1] On June 13, President Donald Trump issued an executive order clearing the $14.9-billion acquisition of U.S. Steel Corp. by Tokyo-based Nippon Steel. The move followed a national security review by the Committee on Foreign Investment in the U.S., a U.S. Treasury-led interagency group that also cleared
2Q 2025 Cost Report: Executive Confidence Falls as Uncertainty Rules the Roost
[ad_1] ENR’s Construction Industry Confidence Index fell 14 points between Q1 and Q2, to a rating of 47. That is the third largest drop in the history of the index, only surpassed by the falls in Q2 2020 and Q2 2022. The confidence index measures executive sentiment about
The Inspiration in Finishing the $5B Salt Lake City Airport Rebuild
[ad_1] ✕ “You need to finish.” That was Michael Williams’ parting message to his friends and team building the new Salt Lake City International Airport, including Brian Stetson and Kevin Fauvell. Even from the hospital, where he died in may, he focused on the job. Stetson, who replaced