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January’s cost increases amounted to a “blistering” annualized rate of 7.1% for nonresidential input prices, according to Associated Builders and Contractors.

The board said it maintains the “substantial direct and immediate control” it articulated in 2020.

With 41% of the construction workforce set to retire by 2031, finding and keeping the next generation of builders is becoming an existential must, writes consultant John Waters.

The Montreal-based contractor emphasized the value of its “machine in the middle” approach and assured investors that its business proposition wouldn’t be replaced by the surging technology.

The contractor will start construction on the final commercial tower of the World Trade Center rebuild in Lower Manhattan this spring.