WIP– Work in Progress– is a widely used term across various industries, but its meaning shifts depending on the context. In business and project management, it generally refers to unfinished tasks, projects, or deliverables, while in construction management, it carries a more precise definition.

The national construction industry lost 7,000 jobs on net in August, according to data released today by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 58,000 jobs, or an increase of 0.7%.

National nonresidential construction spending decreased 0.2% in July. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.241 trillion for the month.

In construction project management, selecting between accrual-based and cash-based accounting is a crucial decision. This depicts how a project’s financial health is assessed, how reports are generated, and how key decisions are made throughout the various stages of the project lifecycle.

Accrual-based and cash-based accounting are two fundamental methods used to record and report financial transactions, and they primarily differ in the timing of when revenues and expenses are recognized.

BHL Federal has been officially accepted by NC Rebuild as one of a select few Certified Single-family home builders through HUD and NC GROW to rebuild WNC after Hurricane Helene in September 2024. They currently have 3 positions open.

National nonresidential construction spending decreased 0.1% in June. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.241 trillion for the month.

The national construction industry added 2,000 jobs on net in July, according to data released last week by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 96,000 jobs, or an increase of 1.2%.

Strong and effective change management plays a vital role in the success of construction projects. In an industry known for its complexity, tight deadlines, budget constraints, and involvement of multiple stakeholders, the ability to manage change efficiently is not just helpful, it’s crucial. Construction projects are dynamic by nature and unexpected issues such as design revisions, material delays, site conditions, or regulatory updates are common. Without a structured change management process, even minor changes can spiral into major disruptions, affecting cost, timeline, quality, and safety.

The national construction industry added 15,000 jobs on net in June, according to data released last week by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 121,000 jobs, or an increase of 1.5%.