JE Dunn Construction’s Post

If you are a construction company, would you agree that financing and labor are two top concerns for 2024? Read below for strategies on managing some of the biggest challenges in construction.

2024 CONSTRUCTION COST OUTLOOK In a recent interview, Director Niall McAree, discussed the anticipated trends in cost and price escalation for construction projects across Australia with Sourceable. https://lnkd.in/gSBZ7brE #construction #australianconstruction #buildingcosts #costmanagement

💡 Some very interesting insight on the UK Construction scene 2024💡 As with everything, there are highs and lows, especially in the construction sector. The article linked brings to light how Overall construction starts for this year has indeed increased by 8% compared to the same period last year, due to being driven primarily by a significant surge in large-scale projects (over £100 million). However, smaller projects (under £100 million) declined compared to the previous year. While overall starts increased compared to the previous quarter, the pace of growth has slowed down. How do you think the overall growth for the construction sector will look towards the end of 2024? How is your company contributing? Share your thoughts! https://lnkd.in/dPu66KeA #recruitment #construction #

News you can use if construction is your trade....my mailbox is blowing up with notices from both agencies EEOC and OFCCP, passing along to those that can benefit from knowing about these opportunities.

Great overview of the US construction industry and positive news that costs are stabilizing with material conditions improving. If you are interested in learning more, please reach out and also follow the link to download the full report https://lnkd.in/gEk2_Vmg #capitalplanning #projectcontrols #JLL #costmanagement

Key indicators are strong in the Construction Industry Federation (CIF)'s latest survey 📈 #construction #growth #recruitment #capitalprojects

New report from Turner & Townsend: Republic of Ireland Construction Market Intelligence – Signs of Stability 'The latest Irish construction market intelligence report for Q4 2023 shows a phase of stabilisation, contrasting the volatility of previous years...' Read more 👉 https://lnkd.in/e36VY-N4 #construction

One of the key insights from the report is that the cost of construction materials are continuing to rise particularly GGBS cement, cement, concrete and insulation. Some of the increased manufacturing costs are within the control of the Government. This is despite the fact that energy costs are on a downward trend. Clients and contractors should strongly consider the inflation risk associated with these volatile products in their tenders.

Tailwinds and headwinds in construction... Let's maximize success on your project regardless of external conditions. 💡 "Perhaps what’s most intriguing about the US’ construction industry success in 2023 is that it made significant gains where its peers saw declines." 💡 "The industry’s dark cloud – a skilled labour shortage – remained throughout the year and, in some cases, worsened." #construction #jobs #projects

As we enter the higher interest rates for longer portion of the inflation battle expect construction spending to continue to be dampened. Construction pipelines are dwindling and project feasibility is holding back the industry.