Marius Pantea’s Post

Construction News: Despite showing a dip in revenue and profit in its latest accounts, Red Construction Group reports strong growth in recent months. #constructionnews #construction #businessnews

The construction industry is facing a significant slowdown, with insolvency rates projected to remain high for the next 18 months to two years. As construction businesses, investors, site managers and home builders grapple with a stagnant market, the need to be cost-conscious has never been more pressing. One area where the industry is seeking to save money while adhering to environmental regulations is through resource recovery and waste management in the increased use of skip bins for building sites. https://lnkd.in/gmGgWw3Z

What could your company do with $52,500 in savings for your business? In 2024, construction companies specializing in wood framing (WCB industry code 40401) will pay $5.35 per $100 of assessable earnings. Paying more than this rate puts you at a competitive disadvantage. How can you remain competitive when your premiums are 40%, 60%, or even 100% higher? For instance, a company paying $7 per $100 in assessable earnings with a total of $2.1 million of assessable earnings faces a premium of $147,000. In contrast, a competitor paying $4.5 per $100 for the same amount in assessable earnings will have a premium of $94,500. Call us a Brevity HR & Safety for a free consultation. 403 331 1575. #Safety #CRSP #WCB #Construction #Knowledge #AlbertaHeart, # Southwest/Midwest Construction Group, Rocky Cross Construction Ltd - DKI, Ward Bros. Construction Ltd. GALKO HOMES LTD., SILVER RIDGE CONSTRUCTION (1999) Ltd. McNally Contractors (2011) Ltd. Westco Construction Ltd.

Mortenson Q3 Construction Cost Index Report: The softening in the Puget Sound region is beginning to show up in the numbers, with 3 straight quarters of costs being essentially flat after accounting for scheduled union wage increases. If you're an owner or developer with a near shovel ready project, now is the time! Read our latest Construction Cost Index Report to learn more about pricing activity in Seattle and across the county : https://lnkd.in/ggxugjUy 

https://lnkd.in/ecZrFctV “🏗️ Exciting news! The construction industry is showing resilience despite challenges. According to the Associated Builders and Contractors, the construction backlog inched higher to 8.2 months in March, marking the first gain of 2024. Anirban Basu, ABC’s chief economist, highlights the astonishing optimism among nonresidential construction contractors. While headwinds persist—think high borrowing costs, supply chain issues, and labor shortages—contractors remain steadfast in their growth expectations. Let’s build a brighter future! 🌟 #ConstructionIndustry #Optimism”

An Australian construction company has, on average, filed for bankruptcy every 24 hours over the last 2 years? The Aussie construction industry has been on a wild ride since COVID hit, affecting everything from housing supply to off-the-plan purchases. If you're into property investing, stay tuned for our quarterly updates on construction costs and trends! #propertyinvesting #builderbankruptcy #constructioncosts #economictrends

Really good article from Nicola Hodkinson owner/director Seddon on Construction News. In the article she looks at the legislative and market backdrop. In reasons to be optimistic she has drawn out: "Interestingly, we are seeing a change in the industry dynamic where subcontractors and suppliers have more control when choosing their business partners. This is a welcome development that promotes higher standards of business conduct and fosters stronger, more equitable relationships across the sector. It encourages contractors to continually improve their practices, leading to a healthier industry ecosystem." Is the Responsible No starting to become a reality? https://lnkd.in/ewuj3czQ

A dozen construction firms going bust every day......... Multiples reasons can be attributed to the alarming rate that construction companies are closing their doors. Such as inflation, a drop in housebuilding and delays to major government infrastructure projects. But what can be done to safeguard companies in the future and reduce the rate? Being more risk adverse, diversifying your client base and more of a focus on cost management? I'm interested to hear your thoughts in the comments below. #construction #insolvency #yorkshire

ReSolve partner Andrew J Pepper writes in Construction News about the rise of super developers and its impact on the construction sector: "The creation of super developers is the inevitable outcome of the headwinds being faced by the construction and building sectors and is the only way for many to stay in business. "However, the industry and those in charge of its oversight need to think carefully about how to support the thousands of smaller firms that are bearing the brunt of this current trend for restructuring." Read more: https://lnkd.in/eCvw2mjv #ForwardWithReSolve #construction #superdevelopers

Curious about the future of the Australian construction industry? Wondering if the worst is behind us or if there are more challenges ahead? Mitchell Herrett, Brisbane-based Partner of our Restructuring and Recovery division, answers some key questions shaping the industry's future 👇 #RSMAustralia #AustralianConstructionIndustry #PropertyandConstruction