Tag Archives: Industry Trends

Construction costs continue to rise due to tariffs and labor shortage

The price of new nonresidential buildings accelerated in October as contractors attempted to recoup fast-rising costs for materials and labor, according to an analysis by the Associated General Contractors of America (AGCA) of new Labor Department data. Association officials said trade tensions and labor shortages are contributing to higher construction prices, making it harder for public officials to improve aging and over-burdened infrastructure.

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How artificial intelligence is changing the industry: A CSI exclusive

Machine learning, algorithms, and specialized artificial intelligence (AI) are impacting the construction industry, largely in the area of design. While jobs may not be eliminated, it will change. Certain aspects of a specifier’s work, such as activities requiring minimal complex thinking, can be done better and faster by some form of AI. Removing these job functions may also be welcomed by many professionals.

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