Wed.Feb 28, 2024

article thumbnail

Wells Fargo CFO calls commercial real estate a ‘long movie’

Construction Dive

The office market is under the most pressure, the bank’s finance chief Michael Santomassimo said on Monday.

327
327
article thumbnail

Housing Values Continue to Rise, Housing Market Gained $2.4T in Value Over Last Year

The Pro Builder

Housing Values Continue to Rise, Housing Market Gained $2.4T in Value Over Last Year ibush Wed, 02/28/2024 - 09:36 The total value of U.S. homes sees biggest gain in almost a year, with affordable East Coast and Midwest metros seeing gains of more than 10% Data analysis for more than 90 million U.S. residential properties as of December 2023 by real estate company Redfin shows that although there's lackluster demand due to elevated mortgage rates and housing affordability challenges, home values

246
246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 contech firms pull in cash amid funding downturn

Construction Dive

Companies focused on productivity tools, robots and AI-powered back office platforms have found success recently with investment rounds.

289
289
article thumbnail

Simpson Strong-Tie Bolsters National Accounts Team with Three New Positions

Civil + Structural Engineer

Pleasanton, Calif. — Simpson Strong-Tie , the leader in engineered structural connectors and building solutions, has made several additions and promotions to strengthen its National Accounts team further, serving professional builders and LBM suppliers. “The National Accounts team is committed to prioritizing long-term outcomes. This fundamental value serves as a cornerstone that holds us accountable for making decisions that benefit both our customers and our organization,” said Nate Johnston,

article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

Walsh subsidiary leads $855M DFW Terminal F Concourse JV

Construction Dive

In addition to Archer Western Construction, other contractors include Turner, H.J. Russell, Carcon Industries and Phillips|May.

352
352
article thumbnail

Lawrence Group Hires Hannah O’Keefe as Research & Analytics Leader

Civil + Structural Engineer

St. Louis, MO – Lawrence Group announces the hiring of Hannah O’Keefe as its new Market Research & Data Analyst. O’Keefe will utilize her research expertise to organize and analyze project/client data amassed throughout Lawrence Group’s 40+ year history to propel the firm’s growth and aid its marketing team. “Hannah will be instrumental in transforming Lawrence Group’s raw data into useful information that will not only help us tell our own story better, but will also enable us to nuance it

More Trending

article thumbnail

Scotland’s sustainable energy security is bolstered by newly completed civil works at Earls Gate Energy Centre

Civil + Structural Engineer

This month, civil engineering specialist Elysium Construction is set to complete civil works for Earls Gate Energy Centre (EGEC), a state-of-the-art Energy from Waste facility in Grangemouth, Scotland. Recovering up to 54,000 tonnes of recyclable materials annually, the centre will bring the country one step closer to its Net Zero targets. Elysium Construction, one of the country’s leading civil engineering specialists, expects to complete the civil works by February 2024, following their takeov

article thumbnail

HS2 Chilterns TBM overcame difficult geology and clogged slurry pipes to reach finish line

New Civil Engineer

High Speed 2’s (HS2’s) Chilterns tunnel boring machine (TBM) struggled through the final stretch of its 16km drive as slurry pipes became clogged with clay, officials told NCE. The post HS2 Chilterns TBM overcame difficult geology and clogged slurry pipes to reach finish line appeared first on New Civil Engineer.

article thumbnail

Revitalizing America’s Underground: A Surge in Tunnel Construction for Infrastructure Renewal

Civil + Structural Engineer

by Mary Scott Nabers Aging tunnels in America, coupled with the country’s continued growth, have created an extremely high demand for attention. The imminent repair and replacement will result in significant growth in the tunnel construction market in North America over the next several years. Thousands of tunnels are in dire need of attention because every state has hundreds, and most of them are quite old.

article thumbnail

Asbestos: the unseen threat in the UK’s green revolution

Construction News

Paul Young is underwriting manager at Markel The green revolution is with us, and is being touted as a way to be more energy efficient and save money as the cost-of-living crisis impacts the UK. However, the shift to greater energy efficiency for domestic and… The post Asbestos: the unseen threat in the UK’s green revolution appeared first on Construction News.

article thumbnail

Stay Ahead in 2024 with Proven Strategies for Success

The specialty contractor space is facing a transformative period, driven by labor shortages, rapid technological advancements, and increasing regulatory requirements. In 2024, contractors must navigate complex challenges like fragmented management systems and delays in payment. This guide offers a deep dive into the key disruptions reshaping the industry over the next 24 months, including digitization, sustainable practices, and modular construction.

article thumbnail

Prefabrication speeds construction of HS2’s Thame Valley viaduct

New Civil Engineer

The benefits associated with the modular design of HS2’s Thame Valley Viaduct could influence the way future rail viaducts are constructed in the UK. The post Prefabrication speeds construction of HS2’s Thame Valley viaduct appeared first on New Civil Engineer.

article thumbnail

Construction supervisor indicted after fatal trench collapse

Equipment World

A construction supervisor has been charged with criminally negligent homicide for the death of a worker in a trench collapse in New York in 2021.

article thumbnail

NBCC Recruitment 2024 for Various Posts | 103 Posts | 27-03-2024

Construction Placements

NBCC Recruitment 2024 for Various Posts | 103 Posts | 27-03-2024 NBCC Recruitment 2024 for Various Posts with 103 Posts vacancies, last date to apply for this job is 27-03-2024 The post NBCC Recruitment 2024 for Various Posts | 103 Posts | 27-03-2024 appeared first on ConstructionPlacements.

article thumbnail

Groundbreaking Carbon Neutral Asphalt Material, Sustainability, Biogenic Bitumen, Carbon Negative Aggregate

For Construction Pros

Prominent construction materials supplier, Aggregate Industries, has launched Foamix Eco, a groundbreaking, onsite asphalt material that can achieve carbon neutral status. Could the UK product see use in the domestic market soon?

article thumbnail

Every Contractor Needs An Effective Website - Unlock the Key to Increased Leads

Grow Leads & Visibility! Contractors need more than word-of-mouth. A strong website boosts visibility, draws in leads, showcases skills, and enhances your credibility. Learn how a quality site, that is easy to manage, can set you apart from the competition, and help can take your construction business to the next level. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry.

article thumbnail

Top 25 Eco-Friendly Technologies in Construction for 2024

Construction Placements

Top 25 Eco-Friendly Technologies in Construction for 2024 The construction industry has a significant impact on the environment, accounting for nearly 40% of global energy-related carbon emissions. In recent years, there has been a growing focus on developing eco-friendly technologies in construction to promote sustainability, reduce waste, and lower energy consumption.

article thumbnail

Network Rail completes 9-day upgrade on UK’s only sliding bridge

New Civil Engineer

Network Rail engineers have completed a nine-day programme of works to upgrade the UK’s only sliding canal bridge in Keadby, near Scunthorpe. The post Network Rail completes 9-day upgrade on UK’s only sliding bridge appeared first on New Civil Engineer.

article thumbnail

ISO – FM & Data Management

Job Order Contracting

“ISO 55000/1 are standards that define a management system for asset management. The focus of these standards is not the asset (in this case the data asset). Instead, its focus is on managing the value generated by and through the asset (to include data and data as an asset). This is an important nuance because it means the ISO 55000 standard series will not tell you how to manage data, it will only cover how data interfaces with asset management and thereby generates value for the organiz

89
article thumbnail

Local road maintenance hits ‘new low’ with 45% drop in last five years

New Civil Engineer

Local authority maintenance of non-trunk roads in England has hit a “new low point” after dropping by almost half (45%) compared to five years ago, according to analysis by the RAC. The post Local road maintenance hits ‘new low’ with 45% drop in last five years appeared first on New Civil Engineer.

article thumbnail

Outdated ERP? Spot the Signs Before It Stalls Your Progress

Aging construction ERP systems can slow down productivity and put your business at risk. If you’re working with outdated software, you may be missing out on essential features and innovations like AI, AR, and enhanced reporting capabilities. This guide provides you with insights regarding when you need to upgrade and outlines what to look for in a new construction ERP system.

article thumbnail

Thalle Industries Mixing it Up for Charity

For Construction Pros

Thalle Industries decided to display its support for local non-profits on its two new concrete mixer trucks.

111
111
article thumbnail

Network Rail starts procuring for £1.4bn Midlands Rail Hub civils and construction partners

New Civil Engineer

Network Rail has officially started procuring for civils and construction partners to join its Midlands Rail Hub (MRH) Alliance in a contract worth up to £1.38bn. The post Network Rail starts procuring for £1.4bn Midlands Rail Hub civils and construction partners appeared first on New Civil Engineer.

article thumbnail

TVA Soon to Decide on $2.2B New Gas Power Plant in Kingston, Tenn.

ENR Construction

Project would replace infamous 70-year old coal-fired power facility that spilled billions of gal of coal ash waste in a large outside area in northeast Tennessee after a 2008 impoundment collapse.

83
article thumbnail

Does Ethics really play a role in civil engineering?

New Civil Engineer

On 31 January this year, Institution of Civil Engineers (ICE) London Regional Committee welcomed Sir Vivian Ramsey, former judge, alongside fellow committee members from the ICE Ethics Committee to explore ethics, equity, and the law in the context of our profession. The post Does Ethics really play a role in civil engineering? appeared first on New Civil Engineer.

article thumbnail

The Ultimate Guide To Data-Driven Construction: Optimize Projects, Reduce Risks, & Boost Innovation

Speaker: Donna Laquidara-Carr, PhD, LEED AP, Industry Insights Research Director at Dodge Construction Network

In today’s construction market, owners, construction managers, and contractors must navigate increasing challenges, from cost management to project delays. Fortunately, digital tools now offer valuable insights to help mitigate these risks. However, the sheer volume of tools and the complexity of leveraging their data effectively can be daunting. That’s where data-driven construction comes in.

article thumbnail

The New Age of Mobile Fuel & Service

For Construction Pros

The field fueling and service landscape has evolved to a place where contractors should feel empowered to control more of the sourcing and distribution of critical daily fluids and service needs.

article thumbnail

Glasgow tenders £20M opportunity for consultancy partners on £15bn Clyde Metro proposals

New Civil Engineer

Glasgow City Council and Strathclyde Partnership for Transport (SPT) has released a tender looking for consultancy partners to aid in making an investment case for the Clyde Metro in a framework worth £20M. The post Glasgow tenders £20M opportunity for consultancy partners on £15bn Clyde Metro proposals appeared first on New Civil Engineer.

article thumbnail

Yates Construction Unites Design, Field, and Financial Data with Trimble Construction One

Viewpoint Construction Technology

Come on-site with Nashville-based Yates Construction and see how the team is able to work faster and more efficiently—without sacrificing safety.

67
article thumbnail

Prototype fusion project in Nottinghamshire launches online tool for community engagement

New Civil Engineer

The local community in West Burton, Nottinghamshire, has been invited learn and provide feedback about the Spherical Tokamak for Energy Production (STEP) nuclear fusion project being developed next to the village's old coal fire power stations. The post Prototype fusion project in Nottinghamshire launches online tool for community engagement appeared first on New Civil Engineer.

article thumbnail

12 Reasons Specialty Contractors Need a Construction-Specific Software Platform

As a specialty contractor, your success hinges on your ability to manage complex workflows, maintain cost control, and deliver projects on time. But are you still relying on outdated systems or multiple software packages that create data silos and inefficiencies? This comprehensive eBook reveals the 12 key reasons why investing in a construction-specific software platform is the game-changer your business needs.

article thumbnail

TVA Set to Build New $2.2B Gas Power Plant in Kingston, Tenn.

ENR Construction

Project would replace coal-fired facility that spilled millions of gallons of coal ash waste in a river and surrounding area after a 2008 impoundment collapse.

78
article thumbnail

Mott MacDonald to provide design support for two England to Scotland offshore interconnectors

New Civil Engineer

Mott MacDonald has been appointed by National Grid to provide front end engineering design (Feed) and technical support for the Eastern Green Link (EGL) 3 and 4 interconnector projects. The post Mott MacDonald to provide design support for two England to Scotland offshore interconnectors appeared first on New Civil Engineer.

article thumbnail

10 Essential Insights on Arc Flash Clothing in the Construction Industry – plus a guide to the safety standards

UK Construction Blog

The post 10 Essential Insights on Arc Flash Clothing in the Construction Industry – plus a guide to the safety standards appeared first on UK Construction Blog. Arc flash incidents are a critical safety concern in the construction industry, posing severe risks to workers. Selecting appropriate arc flash clothing is vital for enhancing safety. Arc Flash Defined An arc flash is an explosive electrical discharge through air to ground or another voltage phase, capable of reaching temperatures

article thumbnail

UK energy ‘crunch point’ expected in 2028 where electricity demand will exceed capacity

New Civil Engineer

The UK could suffer an energy “crunch point” in 2028 where demand for electricity could exceed the grid’s capacity by 7.5GW at peak times, a new report has warned. The post UK energy ‘crunch point’ expected in 2028 where electricity demand will exceed capacity appeared first on New Civil Engineer.

article thumbnail

The Ultimate Checklist for Choosing the Right Construction Management Software

Managing construction projects in disparate systems and spreadsheets is difficult due to numerous moving parts and diverse stakeholder needs. A dynamic, intuitive software solution is essential for everyone involved—owners, designers, engineers, Construction Managers, and General Contractors. Companies need a secure, centralized system to manage documents, scheduling, financials, and more.