Innovative financing and cost management strategies can help contractors manage headwinds, said Joe Natarelli, construction services leader at Marcum.
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Very insightful article from Construction Dive about current economic conditions. Good to see construction input pricing ratchet back for the first time in 2024. The article also highlights the importance of cost management, but that does not only apply to contractors and their bottom line. Predictive cost management is also critical for owners and developers as well.
Innovative financing and cost management strategies can help contractors manage headwinds, said Joe Natarelli, construction services leader at Marcum.
Midyear construction check: Cooling inflation boosts most sectors
constructiondive.com
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A new report focused on the U.S. construction landscape highlights a mixed bag of trends for the industry, ranging from the good to the ugly. For example, inflation and interest rates have been a thorn in the side of contractors and project owners for the past two years. However, the latest consumer price index indicated cooling inflation, sparking optimism among forecasters for at least one interest rate cut before the end of the year. But until the Fed slashes rates, certain construction segments will struggle, especially those not boosted by infrastructure or manufacturing spending, according to Marcum’s most recent quarterly Commercial Construction Index released last month. Innovative financing and cost management strategies can help contractors manage headwinds, said Joe Natarelli, construction services leader at Marcum. Joseph Natarelli Marcum LLP Blog – Construction and Building Permits – Canada – May 2024 - https://lnkd.in/gvRkvwjp
Midyear construction check: Cooling inflation boosts most sectors
constructiondive.com
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Built by construction, for construction. How can Tenna revolutionize your equipment fleet operations? Learn more about what makes Tenna stand out from the rest: https://hubs.la/Q028-v5c0
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Navigating a construction loan gone awry is among the most formidable challenges a lender may encounter. An apt analogy that vividly captures the essence of these loans is likening them to fish left exposed in the sun — the more time elapses, the more they deteriorate and become increasingly arduous to remedy. There are multiple factors to address in these situations and I know Brian Ward and Robert Rafanelli, MPM, CIPM can help guide you through best practices. #constructionlending #riskmitigation #specialassets #commercialrealestate
Challenges such as material shortages, supply chain disruptions, and a shortage of qualified labor have significantly impacted the construction industry in recent years. As a result, many construction projects have faced setbacks, which poses a dilemma for lenders on distressed projects—whether to take over or inject more capital to ensure successful completion. Brian Ward and Robert Rafanelli, MPM, CIPM explain in this GlobeSt.com article that understanding the current project status and the necessary steps for a successful outcome is crucial for lenders. https://lnkd.in/gTEJW_VC For lenders who want to learn more about this process, industry experts will discuss the topic of distressed assets in a free, upcoming webinar hosted by Partner Engineering and Science, Inc. Register for the webinar here: https://lnkd.in/gZCGZxa7
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Challenges such as material shortages, supply chain disruptions, and a shortage of qualified labor have significantly impacted the construction industry in recent years. As a result, many construction projects have faced setbacks, which poses a dilemma for lenders on distressed projects—whether to take over or inject more capital to ensure successful completion. Brian Ward and Robert Rafanelli, MPM, CIPM explain in this GlobeSt.com article that understanding the current project status and the necessary steps for a successful outcome is crucial for lenders. https://lnkd.in/gTEJW_VC For lenders who want to learn more about this process, industry experts will discuss the topic of distressed assets in a free, upcoming webinar hosted by Partner Engineering and Science, Inc. Register for the webinar here: https://lnkd.in/gZCGZxa7
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Did you miss this webinar? Don't fret, you can still register and access it on demand via the links below. Have a question specific to one of your construction loans or projects now? Feel free to reach out to me directly and tap into our deep bench of experts.
Challenges such as material shortages, supply chain disruptions, and a shortage of qualified labor have significantly impacted the construction industry in recent years. As a result, many construction projects have faced setbacks, which poses a dilemma for lenders on distressed projects—whether to take over or inject more capital to ensure successful completion. Brian Ward and Robert Rafanelli, MPM, CIPM explain in this GlobeSt.com article that understanding the current project status and the necessary steps for a successful outcome is crucial for lenders. https://lnkd.in/gTEJW_VC For lenders who want to learn more about this process, industry experts will discuss the topic of distressed assets in a free, upcoming webinar hosted by Partner Engineering and Science, Inc. Register for the webinar here: https://lnkd.in/gZCGZxa7
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For the visionaries in infrastructure: EPCF projects are not just about constructing buildings, they're about crafting legacies. Uncover how Engineering, Procurement, Construction, and Financing can elevate your next venture. Engage with us to explore the blueprint for success - share or comment if you're ready to build a legacy!
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FL’s M&A market is heating up in Engineering
Atwell continues growth in Florida with acquisition of Banks Engineering, expanding engineering, planning, and surveying services
businesswire.com
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Construction Production Rates Tracking team production rates optimizes costs, aligns with actual expenses, boosts competitiveness, and enhances project acquisition opportunities. It also ensures resource availability and aids future project planning. #Estimating #Construction #ProductionRates
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Rework associated with construction coatings can impact safety and speed and add complexity to an already complex project. Here are five tips to help you reduce surprises. Thank you Elevate Construction for inspiring and supporting our efforts to create Safer, Faster, and Simpler EV Battery Factory construction projects. #SherwinWilliams #Construction #EVBattery #Automotive #Rework #Innovation
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