Bank failures cause uncertainty for contractors
Construction Dive
MARCH 16, 2023
The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.
Construction Dive
MARCH 16, 2023
The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.
Wolgast Corporation
MARCH 15, 2023
Easy Ways to Update Your Look Who doesn’t want to be known for always having the most modern looking office, comfortable staffers, or the ability to attract customers because their place of business is so fresh and enticing? The problem, we understand, it’s cost prohibitive and not a great investment to complete a remodel every year to keep up with new trends.
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Autodesk Construction Cloud
MARCH 16, 2023
In the second half of our two-part episode with Autodesk colleagues Lisa Chen, Technical Sales Executive, and Ross Wagner, Manager of Technical Sales, we continue talking about the obstacles preventing the industry from digitization and why legacy non-purpose-built tools are holding companies back. If you haven’t yet, catch the first half of our conversation with Lisa and Ross in Episode 41!
BD+C
MARCH 14, 2023
Meet Spot: A robot that’s being tested to keep construction sites clean 0 qpurcell Tue, 03/14/2023 - 07:57 AEC Tech What if we could increase consistency and efficiency with housekeeping by automating this process with a robot? Introducing: Spot. Brooke Gemmell and Evan Reilly AEC Tech Innovation Industry Research Trips and falls, falling objects, or cuts can often be avoided by routine housekeeping.
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.
Construction Dive
MARCH 15, 2023
New work continues to surge despite a gloomy economic forecast and elevated borrowing costs, per analysis from Associated Builders and Contractors.
LetsBuild
MARCH 17, 2023
It’s no secret that the construction industry faces many project management challenges. Cost overruns are one of the most common results of these challenges, leading to construction companies going significantly over budget more often than they’d like to admit. Unorganised and siloed data, data spread across multiple systems, and an overall lack of connectivity are common factors among projects with high failure rates.
Construction Project Zone brings together the best content for construction projects from the widest variety of industry thought leaders.
Contractor Bookkeeping
MARCH 17, 2023
Raising prices can be a sore subject. Many construction business owners like you assume doing so will spell the end of your competitiveness. But by not raising prices, you're simply letting inflation and your suppliers' maintenance of your margins quietly eat away at profitability. The bottom line is that costs will always rise long-term - at least with inflation.
Construction Dive
MARCH 14, 2023
Kiewit is the contractor on the $450 million effort to take out the Klamath River dams and restore salmon habitat.
Practical Law Construction
MARCH 15, 2023
Earlier this year I wrote about the judgment in Nicholas James Care Homes Ltd v Liberty Homes (Kent) Ltd , where O’Farrell J continued an interim freezing injunction that had been granted a month or so earlier. As I said at the time, while I wouldn’t ordinarily be interested in an injunction application, I wrote about it because one of the contractor’s defences to enforcement of the adjudicator’s decision focused on the adjudicator’s request for on account payments for his fees.
PC Construction
MARCH 14, 2023
PC just now accepted a Construction Risk Partners Build America Award from the Associated General Contractors in Las Vegas, our fourth consecutive win of this prestigious award. This latest recognition is in the Construction Management category for the One Spruce Peak project in Stowe, Vermont. The Build America Awards honor AGC members who build the nation’s most impressive construction projects ranging across the building, highway and transportation, utility infrastructure, and federal a
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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.
Viewpoint Construction Technology
MARCH 16, 2023
Join this free user event for Trimble Viewpoint users of the Spectrum or Viewpoint ERP! Network, ask the product experts, and earn up to 7 free CPEs.
Construction Dive
MARCH 15, 2023
Contractors need to up their safety training practices to avoid “dire consequences,” writes consultant Jay Greenspan.
ENR Construction
MARCH 17, 2023
With demand for equipment running high, contractors looking to restock fleets found a range of alternative fuel options throughout the triennial equipment show.
Construction Specifier
MARCH 16, 2023
Photo courtesy Ceilume and Little Jumbo. By Ben Carr; Michael Chusid, RA, FCSI, CDT; and Steven H. Miller, CDT Restaurants, cafeterias, banquet halls, commissaries, and other food-service venues typically have at least two different types of ceilings. In the front of house, which includes public-facing areas such as the dining room, bar, and reception area, visual aesthetics are of primary importance, including the ceiling.
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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.
Practical Law Construction
MARCH 17, 2023
We have published episode 20 of The Construction Briefing podcast featuring the Practical Law Construction editorial team. This month Michelle Rousell and Yassir Mahmood start their discussion with a number of building safety developments, before moving onto items with a numerical theme: Four adjudication enforcement judgments: WRB (NI) Ltd v Henry Construction Projects Ltd [2023] EWHC 278 (TCC) ; Exyte Hargreaves Ltd v NG Bailey Ltd [2023] EWHC 94 (TCC) ; Nicholas James Care Homes Ltd v Libe
Construction Dive
MARCH 14, 2023
It’s the first time the Transportation Department has entered an emerging projects agreement with a city to fast-track networks of related projects rather than using a piecemeal approach.
ENR Construction
MARCH 11, 2023
Transurban North America-led consortium, including contractor Tutor-Perini, exercised contract withdrawal option as state now must rebid—or rethink—Beltway toll lanes addition that new governor has publicly opposed.
In Eight
MARCH 16, 2023
An adage in construction is that a successful project is any project that comes in under budget and ahead of schedule. Or at least one that doesn’t considerably over-run either one. In some cases, however, we have completely different audiences monitoring each of these two pillars within the triangle of scope, cost and time. While project teams in the field certainly care about costs, their focus in many cases appears to be on schedules: what are we doing this week, what do we need to prepare fo
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.
Bylt News
MARCH 16, 2023
Bylt:// Offshore Bylt’s digital xD is a first of It’s Kind for media, Models, Assets And More Via interactive & immersive Products Through It’s emerging markets. The series will be available via your Bylt Passport in xD delivered by the bylt SOS (Social Operating System & Modular Economic Infrastructure ) A new form Of Multilateral Protocol Dubbed “Hybrid Intralized Interplanetary Protocol” (HIIP ) Social & Economic Systems built on interacting fuse poin
Construction Dive
MARCH 13, 2023
Supply chain issues continue to plague the industry. Contractors must enact creative solutions to find a path forward.
ENR Construction
MARCH 15, 2023
Located on a 2,000-acre mountain site that previously had no utilities or services, this retreat for leaders in the educational community includes 20 buildings totaling 60,000 sq ft.
Buildern
MARCH 15, 2023
One of the most desired situations for any builder is to have an estimated budget as close to the true cost as possible. The more accurate the planned budget, the easier and faster project completion will be. However, the construction industry is all about uncertainties and unexpected things popping up during the project. So, it’s important to be flexible to be able to mitigate possible variations during the project.
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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.
Constructlaw
MARCH 16, 2023
Virginia has joined the ranks of states that ban “pay-if-paid” clauses. Contingent payment clauses, like “pay-if-paid” and “pay-when-paid” clauses, protect contractors: A contractor need not pay its subcontractors or suppliers until the owner pays the contractor. A “pay- if -paid” clause conditions a subcontractor’s right to payment on the owner paying the contractor.
Construction Dive
MARCH 16, 2023
The Los Angeles contractor also said it lost a record $11 billion in potential new jobs in 2022 when owners canceled projects.
ENR Construction
MARCH 15, 2023
Seven teams picked for infrastructure build task orders in military's wider Pacific refocus to counter China's influence in the region.
PC Construction
MARCH 16, 2023
One Spruce Peak-Stowe, VT South Burlington, VT – This week, PC Construction accepted a national Build America Award from the Associated General Contractors of America for One Spruce Peak , a residential mountain retreat at the base of Stowe Mountain Resort built in the midst of the COVID-19 pandemic. The $46.5 million, six-story, 125,000-square-foot facility includes 27 ski-in/ski-out residences, townhomes, and penthouses.
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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.
AEC Business
MARCH 14, 2023
Hilti announced a strategic partnership with Canvas, a construction robotics company that has developed a robotic drywalling solution. The partnership allows Canvas to scale globally. Hilti launched its Jaibot, the world’s first semi-autonomous ceiling-drilling robot, in 2020. As part of the partnership, Hilti will assume the manufacturing responsibilities for future Canvas systems.
Construction Dive
MARCH 14, 2023
The agency’s proposed strategic enforcement plan, which will guide its efforts through 2027, called out the industry by name.
ENR Construction
MARCH 16, 2023
Second Avenue expansion in Manhattan would go out to bid for first two construction contracts this year, said MTA.
Construction Superintendent Magazine
MARCH 15, 2023
The construction industry continues to face a skilled labor shortage, with worker scarcity worsening since the beginning of the pandemic, according to Marcum LLP’s annual analysis of the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. The construction industry has slowly begun to recover jobs lost in the early months of 2020. But the rate of recovery has put the industry significantly behind the pre-pandemic pace of employment growth.
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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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