The theft of materials and equipment from construction sites is an industry-wide epidemic. It is difficult for the construction managers to secure valuable equipment and materials inside a structure that hasn’t been constructed yet. According to the National Equipment Register’s (NER) 2013 Equipment Theft Report, poor site security, the high value of equipment, lenient penalties for thieves, and low risk of arrest are the factors that contribute to the frequency of equipment theft.
Whether you are a property owner or a contractor, it is important for you to have a clear and accurate forecast of how much building will cost and how long it will take before you begin. Construction cost estimation is a process of forecasting the cost of building a physical structure. Remember, a condition of the labor market for carpenters at the time of construction and specifics of the site and the building design differ, every construction project will have its own unique set of variables. Underestimating and overestimating can both have negative consequences.
Since 2011, the construction industry has been growing at a steady pace. With the beginning of a new year, it is important to note the new and emerging trends in the construction industry. In fact, to stay ahead of the competition, contractors and builders seek to know more about the latest trends in the construction industry. Besides technological growth, it is the labor issues, hiring and the expenditure that are setting trends for 2018.