The construction industry lost 3,000 jobs on net in January 2021. During the last nine months, the industry has added 857,000 jobs, recovering 77% of the jobs lost during earlier pandemic stages.
National nonresidential construction spending fell 0.8% in December 2020. On a seasonally adjusted annualized basis, spending totaled $790.2 billion for the month.
There were a number of enhancements made to Viewpoint’s Spectrum Construction Management Software solution as part of its 2020 R3 release in December, including year-end regulatory enhancements, the ability to now purge unposted transactions, a refresh button and new ePayments features for Spectrum.
The construction industry added 51,000 jobs on net in December 2020. Over the last eight months, the industry added 857,000 jobs, recovering approximately 79.1% of the jobs lost since the beginning of the pandemic.
National nonresidential construction spending fell 0.6% in November 2020. On a seasonally adjusted annualized basis, spending totaled $792.5 billion for the month.
State departments of transportation are getting $10 billion in long-awaited emergency aid from a $900 billion COVID-19 relief measure passed by Congress late on December 21 as part of a final year-end legislative package.
For construction project delivery
teams, the critical path schedule is
both the map and the compass. It sets out the myriad of complex relationships that intertwine timelines, activities, and resources. It establishes the path to deliver the project on time and within budget.
Faster connections. Less lag time. Ability to connect more devices simultaneously. These three benefits of a 5G wireless network have the potential to significantly affect productivity, safety and quality on a construction site, but how soon will contractors actually be able to access a 5G network?
If you’re a construction financial professional, you know how true this rings, as a strong cash flow is the key to keeping your company’s doors open and projects moving. If your cash flow dries up, it becomes extremely difficult to take on new projects — where up-front costs are almost always a significant part of the construction workflow.
"It’s a pleasure working with Robert. He's very patient, knowledgeable and goes far beyond to help with any issues we have as a company or as an individual."
HL Contractors
"I just wanted to commend Robert’s continued support since our go-live. Whether it be implementation or ad hoc questions, he has gone above and beyond."
Daniel C. - FMT Shipyard and Repair
"Michael and Matthew have exceeded my needs and expectations. I get help same day 95% of the time, which is very important in my business at times. They are professional and courteous 100% of the time. Zero complaints."
Mitchell Brothers
"The best part was watching folks react to the info Greg shared. We had great feedback, big smiles all around, and folks excited about newfound streamlined ways to make their work easier. We know Greg's schedule is in demand, and appreciate the time he shared with us."
S.D. (Industrial Construction)
"Greg is terrific, and I’m so excited to have a better resource! I have him working on several projects now with many more to come."
Progressive Plumbing
"We appreciate Tim and all of his excellent support."
M.J. (Manufacturing Firm)
"Beth is absolutely wonderful to work with! I appreciate her patience and professionalism. It’s a relief to know I can count on her to respond and be a life line for us as we continue to learn the system. She is truly top notch."
Eastbound Mechanical
"Kristen is a very valuable resource for us!"
LCI-Lineberger Construction Inc.
"I wanted to let you know Dan did a great job. He has a vast amount of knowledge, and I feel very fortunate to be working with him."
H.F. (Mechanical Contractor)
"I want to let you know how grateful we are for Robert Pacheco’s assistance. He was able to meet with me and discuss the issue promptly and complete the fix within a short amount of time. He is surely an asset, and we are thankful to have such a great resource."
Marques General Engineering, Inc.
"He did a great job online and an equally great job in person. We’re enjoying working with our new Spectrum Viewpoint accounting software."
Chambliss & Rabil Contractors, Inc.
"The level of service CDP provides is exceptional and always far exceeded my expectations. You can quote me on that!"
The Wesson Group LLC
"Thank you for your assistance/responsiveness to assist us in getting P6 back online so quickly today. We appreciate all the support you provide."
