News – Page 42 – Central Electric Inspection Bureau

ABC Honors the 2019 National Excellence in Construction Award Winners

by Rachel O'Grady

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WASHINGTON, April 6—Associated Builders and Contractors today announced 92 Excellence in Construction® winning projects collectively worth nearly $2.9 billion, which will be presented during ABC Convention 2020 in Nashville, Tennessee, on Aug. 18. The EIC awards program is the industry’s leading competition that honors both general and specialty contractors for innovative and high-quality merit shop construction projects.

ABC Names Tri-City Electrical Contractors 2020 Contractor of the Year

06Apr

by Rachel O'Grady

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WASHINGTON, April 6—Associated Builders and Contractors today named Tri-City Electrical Contractors Inc., headquartered in Altamonte Springs, Florida, as its 2020 Contractor of the Year, an award that recognizes companies for corporate integrity, commitment to safety, professional development and expert craftsmanship. The award will be presented at the 30^th annual Excellence in Construction^® Awards gala during ABC Convention 2020 in Nashville, Tennessee, on Aug. 18.

ABC Announces 2019 National Diversity Excellence Award Winners

06Apr

by Rachel O'Grady

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WASHINGTON, April 6—Associated Builders and Contractors has named the winners of the 2019 National Diversity Excellence Awards, an annual recognition of ABC members that display exemplary diversity leadership in their workforce, supply chain and community with best-in-class recruitment policies, retention practices and education and mentoring programs. The winners will be honored at the 30th annual Excellence in Construction® Awards at ABC Convention 2020 in Nashville, Tennessee, on Aug. 18.

ABC Honors Contractors Leading the Industry in Safety Performance

06Apr

by Rachel O'Grady

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WASHINGTON, April 6—Associated Builders and Contractors today announced the 49 winners of the 2019 National Safety Excellence Awards, which will be presented at the 30th annual Excellence in Construction® Awards during ABC Convention 2020 in Nashville, Tennessee, on Aug. 18.

COVID-19 Cuts Nonresidential Construction Employment in March, Says ABC

03Apr

by Rachel O'Grady

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WASHINGTON, April 3—Construction industry employment declined by 29,000 in March, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Nonresidential construction employment declined by 24,600 in March.

February’s Construction Spending Decline Indicates What’s to Come, Says ABC

01Apr

by Rachel O'Grady

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WASHINGTON, April 1—National nonresidential construction spending fell 1.8% in February, but is up 2.5% compared to the same time last year, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $795.1 billion for the month.

The CARES Act is a Critical Lifeline for Construction Industry, Small Business Community, Says ABC

27Mar

by Rachel O'Grady

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WASHINGTON, March 27—Associated Builders and Contractors Vice President of Legislative and Political Affairs Kristen Swearingen today issued the following statement about the signing of the Coronavirus Aid, Relief and Economic Security Act, which provides $2 trillion in federal funding and programs to address the ongoing coronavirus crisis:

January Construction Unemployment Rates Down in 44 States Year Over Year, Says ABC

24Mar

by Rachel O'Grady

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WASHINGTON, March 24—Estimated January not seasonally adjusted construction unemployment rates fell nationally and in 44 states, rose in four states and were unchanged in two states (Maine and North Carolina) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors.

Construction Contractor Confidence Robust to Start 2020, Says ABC

19Mar

by Rachel O'Grady

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WASHINGTON, March 19—Confidence among U.S. construction industry leaders generally improved in January, consistent with the burgeoning momentum of the U.S. economy during the early weeks of 2020, according to the Associated Builders and Contractors Construction Confidence Index released today. While the reading for sales expectations edged lower for the month, confidence pertaining to sales, profit margins and staffing levels remain well above the threshold of 50, signaling expected growth in those three metrics.

ABC’s Construction Backlog Indicator Rebounds in January

17Mar

by Rachel O'Grady

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WASHINGTON, March 17—Associated Builders and Contractors reports today that its Construction Backlog rose to 8.9 months in January 2020, a 5.9% increase from December’s reading. Backlog for firms with less than $30 million in revenues expanded by nearly 20% after declining sharply in December.