The 9 largest commercial construction starts of September 2024
Construction Dive
OCTOBER 22, 2024
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Sat.Oct 19, 2024 - Fri.Oct 25, 2024
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Residential Construction Loan Volume Sees Sharpest Drop Since 2012
The Pro Builder
OCTOBER 24, 2024
In Q2 2024, the volume of acquisition, development, and construction (AD&C) loans saw its steepest year-over-year decline since 2012, driven largely by high interest rates, according to the National Association of Home Builders’ Eye On Housing blog. During this time, residential construction loans dropped by over 10% compared with the previous year.
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Preferred bidders announced for upcoming Eastern Freeway upgrades
Roads Online
OCTOBER 23, 2024
Image courtesy of the Victorian Government. The Victorian Government has unveiled the preferred contractors for future works on the Eastern Freeway Upgrades, with two consortia picked for two different project packages. The Momentum consortium has been selected as the preferred bidder for the upgrades between Hoddle Street and Burke Road. This will include new technology, additional lanes, connections to the Eastern Busway, and new walking and cycling paths including a dedicated bridge over the
The Critical Role of Utility Vegetation Management: Integrating AI and Digital Twins for Enhanced Safety and Reliability
Civil + Structural Engineer
OCTOBER 25, 2024
By Looq AI Addressing the Challenges of Utility Vegetation Management Managing vegetation around America’s electric transmission and distribution infrastructure is crucial for ensuring uninterrupted power delivery. Utility Vegetation Management (UVM) is highly complex and represents a significant cost burden on utility operations and maintenance (O&M) budgets.
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.
Apprenticeships help workers see construction as their first choice
Construction Dive
OCTOBER 24, 2024
To combat the labor shortage, John Mielke, senior director of apprenticeship for ABC, says contractors need to provide more on-ramps to careers in the industry.
Want to Shorten Your Build Time? It Is Possible
The Pro Builder
OCTOBER 25, 2024
While the construction industry suffers longer cycle times, some builders are getting faster
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Bentley Systems: Open Data Ecosystems to Advance Infrastructure Engineering
Civil + Structural Engineer
OCTOBER 22, 2024
At its Year in Infrastructure conference, Bentley highlights the value of open data ecosystems to improve infrastructure resilience and sustainability VANCOUVER — Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, unveiled its vision for open data ecosystems to advance infrastructure engineering at its annual Year in Infrastructure conference.
$13B overhaul of I-45 in Houston breaks ground after years of delays
Construction Dive
OCTOBER 22, 2024
The controversial highway widening project, one of Texas’ largest infrastructure efforts, is expected to take 18 years to complete.
Majority of Renters Believe They Will Never Own a Home
The Pro Builder
OCTOBER 25, 2024
Homeownership has traditionally been a part of the American dream, but for many renters, that dream feels unattainable. That’s according to a recent survey from online lending place LendingTree, which shows that 62% of renters believe they may never own a home due to high costs and poor credit scores, among other reasons. Despite this, most renters want to own a home.
London Stadium goes solar powered
The Construction Index
OCTOBER 22, 2024
London Stadium is looking to become one of the world’s greenest sports and concert venues as work begins on the installation of 6,500 square metres of solar membrane panels.
Stay Ahead in 2024 with Proven Strategies for Success
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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.
Failed ISG companies had over £800M in liabilities
New Civil Engineer
OCTOBER 21, 2024
The eight failed ISG companies had over £800M in liabilities at the time of their collapse, including £197M owed to the supply chain that will not be recouped. The post Failed ISG companies had over £800M in liabilities appeared first on New Civil Engineer.
Avoid these common mistakes around software implementation
Construction Dive
OCTOBER 23, 2024
Software itself is rarely the problem — it’s how you implement it that makes all the difference, according to a construction accounting consultant.
These Cities Have the Most Homeowners Under 25
The Pro Builder
OCTOBER 25, 2024
Buying a home is no easy task, and this is especially the case for younger generations. In recent years, the housing market has become even more challenging for young, first-time homebuyers due to escalating prices and high mortgage rates. However, in some markers, young adults have made strides in homeownership, according to Construction Coverage. Among the largest U.S. metros, Grand Rapids, Mich., leads the way with its share of homeowners under the age of 25 reaching 9.1%.
Council sues developer over lack of affordable housing
The Construction Index
OCTOBER 24, 2024
Bolsover District Council has taken a housing developer to court over the lack of affordable housing on their site, in breach of its planning permission approval.
Every Contractor Needs An Effective Website - Unlock the Key to Increased Leads
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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.
Government to free up billions for infrastructure spending through change to debt rules
New Civil Engineer
OCTOBER 24, 2024
The UK government will free up billions to fund infrastructure through a change on the way it measures debt, the chancellor has confirmed. The post Government to free up billions for infrastructure spending through change to debt rules appeared first on New Civil Engineer.
Contech startup contest taps 8 finalists
Construction Dive
OCTOBER 23, 2024
From an AI chatbot plumbing project specs to cosmic rays peering inside infrastructure, the Cemex Ventures-led annual contest surfaced an array of emerging construction tech.
Despite a Slight Drop, Homeowner Equity Remains High
The Pro Builder
OCTOBER 25, 2024
While homeowner equity has been ramping up over the last several quarters, these gains appear to be cooling down—though slightly. According to property data provider ATTOM’s Q3 2024 U.S. Home Equity & Underwater Report, 48.3% of mortgaged homes were considered equity-rich during Q3 2024, compared with 49.2% in Q2 2024. While dropping slightly quarter-over-quarter, this is still higher than the 47.4% of mortgaged homes recorded during the same time last year.
Vistry to build 600 homes near Wokingham
The Construction Index
OCTOBER 23, 2024
House-builder Vistry has secured five parcels of land at Cala’s Finchwood Park development in Finchampstead, near Wokingham, to build 600 mixed-tenure homes.
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.
Reinstating an abandoned Irish railway to help shift freight from road to rail
New Civil Engineer
OCTOBER 22, 2024
A disused railway line in the west of Ireland is being brought back to life as a first step in Iarnród Éireann’s (Irish Rail’s) strategy to encourage a switch of freight from road to rail. The post Reinstating an abandoned Irish railway to help shift freight from road to rail appeared first on New Civil Engineer.
Databank secures $2B to build data centers
Construction Dive
OCTOBER 24, 2024
AECOM Tishman, Rogers-O’Brien and Brasfield & Gorrie have won contracts to build facilities in Virginia, Dallas and Atlanta.
Financial Institutions Make Changes to Keep up with Technology
Wolgast Corporation
OCTOBER 21, 2024
As technology changes to be more flexible and safely accessible, Financial Institutions are making changes, too. We have clients who are making the switch to Interactive Teller Machines (ITMs) so they can operate better under the current labor shortage and be more convenient for their members. The ITMs offer video operators that are highly skilled to efficiently help members virtually by operating from anywhere in the country.
Mastering Leadership In Construction: From Passive To Assertive
Contractor Bookkeeping
OCTOBER 25, 2024
Effective leadership is crucial for project success in the dynamically challenging construction environment. A Project Manager (PM) oversees operations, guides teams through day-to-day tasks, ensures effective communication, and maintains stakeholder alignment. As many of you, our readers and clients, are both wearing two hats - PM and Owner; it's essential to understand the advantages and disadvantages of taking on both roles.
The Ultimate Checklist for Choosing the Right Construction Management Software
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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.
Successful 3D-printed footbridge paves way for more low-cost, low-carbon structures
New Civil Engineer
OCTOBER 25, 2024
A demonstrator footbridge has been successfully built using 3D-printed concrete beams, and could the start of a new era of structure building according to startup minimass. The post Successful 3D-printed footbridge paves way for more low-cost, low-carbon structures appeared first on New Civil Engineer.
Inclusion Week 2024: Contractors double down on diversity
Construction Dive
OCTOBER 21, 2024
Even as DEI efforts have faced backlash in business, education and the courts, construction leaders continued their push to make the industry more inclusive.
Ardent explains withdrawal from earthmoving
The Construction Index
OCTOBER 21, 2024
Ardent Hire Solutions has said that it is quitting the excavator rental market because of “ever-decreasing returns” Read Full Article: The Construction Index
Construction business confidence hits three-year high
Construction News
OCTOBER 24, 2024
Confidence among construction firms has reached its highest point in nearly three years, according to a survey of accountants. In the past quarter, construction companies reported the highest optimism out of any sector, in a regular survey carried out by accountancy trade body the Institute… The post Construction business confidence hits three-year high appeared first on Construction News.
Outdated ERP? Spot the Signs Before It Stalls Your Progress
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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.
Harnessing the power of Carbon Capture and Storage
New Civil Engineer
OCTOBER 22, 2024
Momentum behind carbon capture and storage (CCS) is growing in the UK, with the new government recently announcing £21.7bn over the next 25 years for CCS projects in northern England. This signals Labour’s positive intent for the sector and its ambitions to cut emissions from… The post Harnessing the power of Carbon Capture and Storage appeared first on New Civil Engineer.
Construction leaders form executive council on suicide prevention
Construction Dive
OCTOBER 21, 2024
Some of the biggest names in the industry have created a group to meet quarterly on how to improve mental health offerings.
Bow Goods Yard plans approved
The Construction Index
OCTOBER 23, 2024
A Network Rail outline masterplan to regenerate 30 acres of brownfield land in east London has been approved by the London Legacy Development Corporation.
The payment platform that wants to save the construction industry
Construction News
OCTOBER 24, 2024
The recent ISG collapse has put the construction industry in the spotlight once again. As a cornerstone of the UK economy, employing millions and contributing 7 per cent to the country’s GDP, the sector is plagued by a persistent issue: cashflow. Payment delays are a… The post The payment platform that wants to save the construction industry appeared first on Construction News.
The Art of Contingency Planning: Dealing with Unforeseen Costs
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Contingency planning is a strategic plan to allocate resources, time, and money if “all hell breaks loose” on a project. It considers risk mitigation and planning for a worst-case scenario. Contingency planning in construction is necessary. You're expected to throw in a percentage to cover a contingency plan in your estimates but is it enough? There is an art to this type of planning and, if project leaders aren’t careful, a contingency plan could cost the company a lot more than lapsed deadlin
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