Weakened demand for HVAC services in the United States during the recession intensified price-based competition and put pressure on profit margins. According to a new industry report from IBISWorld, the HVAC industry is forecast to return to growth this year and continue to grow for the next five years.
The U.S. Census Bureau of the Department of Commerce has announced that construction spending during May 2012 was estimated at a seasonally adjusted annual rate of $830 billion, 0.9 percent above the revised April estimate of $822.5 billion. The May 2012 figure is 7 percent above the May 2011 estimate of $775.8 billion.
The 2012 Joseph S. Groh Foundation Golf Tournament, held in May at Prestonwood Country Club in Dallas, hosted a record 96 golfers, many from the HVAC industry.
FMI, a provider of management consulting and investment banking to the engineering and construction industry, has announced the release of its second quarter Nonresidential Construction Index (NRCI) for 2012. Rising 1.7 points from the first quarter to 59.8, this is the highest confidence rating achieved since the index was developed in 2007.
Delmar, part of Cengage Learning, and DEWALT announced the launch of DEWALT® Mobile Pro™, a new mobile app for construction professionals. The companies said Mobile Pro is specifically for contractors and tradesmen in the construction industry.
United Rentals Inc. announced that it has completed the acquisition of RSC Holdings Inc. in a cash-and-stock transaction valued at $18 per share, for a total enterprise value of $4.2 billion, including $2.3 billion of net debt.
Five of the nation’s largest construction trade associations have teamed up to form the Construction Coalition for a Drug- and Alcohol-Free Workplace (CCDAFW). The coalition’s mission is to provide companies and organizations with the resources to implement drug- and alcohol-free policies in their business practices.
ConsensusDocs® users will be able to work on their standard construction contracts using Microsoft Word® on a PC or Mac as a result of an upgraded new web-based platform released by the ConsensusDocs Coalition.
It’s tempting to hide behind your smartphone and tablet, trying to squeeze more work out of your day. Don’t do it when you are working on acquiring a new project. The estimating process is your prime opportunity to build a relationship with a prospective client.
