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From the category archives: State/Local News

Congress Passes Funding Deal Ahead of White House 2019 Budget Request

On Feb. 9, shortly before the White House released its 2019 budget request, both chambers of Congress passed, and the president signed, a funding agreement that sets a budget for fiscal years 2018 and 2019. The deal will raise federal spending caps by $300 billion in 2018 and 2019 and suspend the debt limit until 2019. Read the rest of entry »

ABC Members Lead ENR’s Top 600 Specialty Contractors Ranking 2017

Eight of the nation's top 25 construction companies are ABC members, according to Engineering News-Record’s (ENR) recently published annual list of Top 600 Specialty Contractors. These successful contractors were ranked based on 2017 revenue.
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ABC Members Listed on Fortune's 'World's Most Admired Companies'

ABC contractor members Fluor, EMCOR Group, AECOM, Jacobs Engineering Group, Peter Kiewit Sons’, Schneider Electric and Siemens were featured on Fortune’s “The World’s Most Admired Companies” list. Almost 4,000 experts, including executives, analysts and directors, voted on the companies, which received high scores in social responsibility, long-term investment value, corporate assets, quality of products and services, global competitiveness, innovation, people management and quality of management. Read the rest of entry »

Year-end Data Show Economy Expanded in 2017, ABC Says; Fixed Investment Surged in Fourth Quarter

The U.S. economy grew by 2.3 percent in 2017, while fixed investment increased at an annual rate of 7.9 percent, according to an Associated Builders and Contractors (ABC) analysis of data released today by the Bureau of Economic Analysis. Read the rest of entry »

Standard Constructors Inc. Earns AQC Credential

Standard Constructors Inc. of Houston, a member of ABC’s Greater Houston Chapter, has been awarded Accredited Quality Contractor (AQC) status by ABC. The AQC program recognizes and honors construction firms that document their commitment to excellence in five key areas of corporate responsibility: quality, safety, employee benefits, training and community relations. Read the rest of entry »

Construction Input Prices Inch Down in December, Up YOY Despite Low Inflation

Overall construction input prices declined 0.1 percent in December, yet despite the lack of inflation for the month, prices are up 5 percent on a year-over-year basis, according to an Associated Builders and Contractors (ABC) analysis of  Bureau of Labor Statistics data released today.  Nonresidential construction materials prices also declined 0.1 percent for the month and are up 4.8 percent from the same time one year ago.  Read the rest of entry »

Branch & Associates Exec George R. Nash, Jr. Begins Term as ABC National Chair

George R. Nash Jr., director of preconstruction for Branch & Associates in Herndon, Va., began his one-year term as chair of ABC on Jan. 1, 2018. He leads the 21,000-plus member association’s executive committee and board of directors, guides its national initiatives and serves as its spokesperson. Read the rest of entry »

F.L. Crane & Sons Inc. Earns AQC Credential

F.L. Crane & Sons Inc. of Fulton, Miss., a member of ABC’s Mississippi Chapter, has been awarded Accredited Quality Contractor (AQC) status by ABC. The AQC program recognizes and honors construction firms that document their commitment to excellence in five key areas of corporate responsibility: quality, safety, employee benefits, training and community relations. Read the rest of entry »

Construction Unemployment Rates Improve in 36 States as Nation Posts Lowest November Rate on Record

The not seasonally adjusted (NSA) national construction unemployment rate was 5 percent in November, down 0.7 percent from a year ago and the lowest November rate on record, according to an analysis of U.S. Bureau of Labor Statistics (BLS) data released today by Associated Builders and Contractors (ABC). The construction industry employed 191,000 more workers than in November 2016. 
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Study Says Repealing Illinois’ 1931 Prevailing Wage Law Would Boost Economy

A study released this month by the Illinois Policy Institute found that repealing the state’s prevailing wage law would help boost the state’s economy by lowering the cost to taxpayers on publicly funded construction projects and spurring job growth in the construction industry.  Read the rest of entry »