ARTICLE -- In 2025, the U.S. construction sector forecasts a 10% rise in nominal value added, a 12% increase in gross output, and record employment levels. Yet, challenges such as labor shortages, material cost fluctuations, and regulatory delays persist. This report provides a concise yet comprehensive overview of the industry’s recent achievements, forecasts future growth, and identifies critical areas that require strategic attention.
ARTICLE -- In 2025, rising tariffs and material costs are squeezing construction margins. For contractors and construction firms already operating on razor-thin margins, these challenges demand a smarter approach to cost management. Firms that embrace cloud-based financial and operational solutions will be best equipped to maintain profitability, ensure compliance, and stay competitive in a volatile market.
ARTICLE -- In the fast-evolving construction industry, efficiency, cost control, and scalability are crucial for success. Construction and Project-based companies face mounting pressure from project complexity, supply chain issues, and regulatory demands; many are turning to integrated cloud solutions like NetSuite + FullClarity to manage their needs.
ARTICLE - The construction and fit-out industry faces mounting challenges as it heads into 2025. Persistent supply chain disruptions, labor shortages, and the growing demand for real-time data are straining companies to their limits. Yet, NetSuite + FullClarity cloud ERP technology is proving to be a game-changer.
ARTICLE --Construction management involves complex terms crucial for project success. Understanding terms like Retainage, Gantt Scheduling, and Job Costing is essential. Decode these terms with this guide for 10 important Construction Management terms commonly used but have yet to be widely understood.
ARTICLE -- In the construction industry, the escalating costs of labor and materials are not just a temporary inconvenience but a significant threat to financial stability and profitability. As companies juggle multiple projects, the lack of visibility into the actual profit loss due to these escalations becomes a persistent issue, often leading to a margin erosion spiral that is difficult to control.
ARTICLE -- Effective supply chain and inventory management are crucial in the rapidly growing construction industry, projected to reach $11.9 trillion globally by 2024. The sector faces challenges such as material shortages, lack of real-time data, and inefficient resource utilization. Technology offers innovative solutions that enhance supply chain visibility, improve inventory accuracy, and more.
ARTICLE -- Automation promises to address the construction industry's chronic inefficiencies by streamlining operations, enhancing accuracy, and providing real-time insights. Studies estimate that full-scale digitalization in nonresidential construction could lead to up to 20% cost reductions and shorten project timelines by as much as 30%.
ARTICLE -- Retainage, a common financial practice meant to guarantee the quality and completion of a contractor's work, is often burdened by outdated manual management techniques that pose significant challenges for construction companies and project-based organizations.
ANNOUNCEMENT: -- FullClarity is thrilled to announce its strategic partnership with OSSM, a distinguished NetSuite Solution Provider Partner based in Ireland. By joining forces, FullClarity and OSSM are set to deliver unmatched, comprehensive ERP solutions designed for the construction and fit-out sectors throughout Ireland and the U.K.
