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Glass Magazine
While the glass and glazing market is robust and growing, the recent global spread of the coronavirus has added notable uncertainty, said Apogee CEO Joe Puishys during his keynote at the 2020 BEC Conference in Nashville. Puishys noted that Goldman Sachs has lowered U.S. GDP projections for 2020 from 3.4% down to 2%. "This is a big deal. They are predicting that Q1 will be negative; Q2 will be just slightly positive, and we'll see good growth in the second half of the year," he said.
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The Associated Press via KCTV-TV
Spending on U.S. construction projects rose to an all-time high in January, helped by strong gains for home construction and government building projects. The Commerce Department reported that construction spending increased 1.8% in January, the strongest monthly rise in nearly two years, pushing totally spending to a record seasonally adjusted annual rate of $1.37 trillion. Spending on home construction jumped 2.1%, the strongest gain since August. The strength came from single-family home construction, which rose 2.7%.
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US Glass News Network
A recent study found the $28 billion door and window market has a projected 4% growth through 2023. The strength of the industry goes beyond the latest in construction trends to include energy-efficiency standards that contribute to "whole-building design." This means all parts of the building are designed and built to work together as a complete system, instead of just as a collection of individual parts.
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AWDI DOOR & WINDOW DIRECTORY |
Construction Executive
For construction companies, choosing talent over need might involve scooping up a skilled estimator who has come on the market even though a company is not hurting for estimators right now. Or a company might invest in a skilled project executive or senior project manager who can help mentor promising project engineers and assistant project managers so that within just a few years, they have a full roster of highly skilled project managers. In the long run, building a strong team can only benefit a company, while waiting to recruit until the team has a pressing need can be very costly.
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Forbes
In a company that's smaller or still in its early stages, managers can readily meet with their employees on an individual level. However, it's inevitable that as companies grow, relationships between managers and their teams may change.
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WZZM-TV
March 1-7 is designated "National Women in Construction Week." In addition to highlighting women who are already paving the way, The National Association of Women in Construction (NAWIC) will use the week to raise awareness about growing opportunities in the industry for women. "You know it's starting to turn around," Lynn Bolek said. "I've been in it for 27 years so the when I first started, it was very uncommon." Bolek is currently a project manager for a.j. Veneklasen Inc., in Grand Rapids. She's now a veteran in the industry, but says it was not always easy climbing the construction career ladder.
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Elite Business
We've all been there, and a large number are still there, so we know how that hand-to-mouth monthly living can wear you down and eventually take its toll. When you run a business, managing cash is king and many small and medium sized business also get trapped in that hand-to-mouth grind simply because of late-paying customers. At a last glance, some 85% of small businesses are having to manage the impact of late-paying customers.
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