Sat.Mar 11, 2023 - Fri.Mar 17, 2023

article thumbnail

Bank failures cause uncertainty for contractors

Construction Dive

The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.

344
344
article thumbnail

Remodel Your Commercial Office to Be More Modern

Wolgast Corporation

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Digital Builder Ep 44: Identifying Risk in Old Construction Tech Part 2

Autodesk Construction Cloud

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!

article thumbnail

Meet Spot: A robot that’s being tested to keep construction sites clean

BD+C

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.

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

Backlog ticks up, remains historically elevated

Construction Dive

New work continues to surge despite a gloomy economic forecast and elevated borrowing costs, per analysis from Associated Builders and Contractors.

366
366
article thumbnail

Improve construction collaboration by leveraging construction analytics

LetsBuild

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.

More Trending

article thumbnail

What Every Trade Business Owner Should Know About Raising Prices

Contractor Bookkeeping

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.

article thumbnail

Biggest dam removal in US history set to start in California, Oregon

Construction Dive

Kiewit is the contractor on the $450 million effort to take out the Klamath River dams and restore salmon habitat.

361
361
article thumbnail

On account payment wasn’t exercising an adjudicator’s lien

Practical Law Construction

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.

article thumbnail

PC Construction Accepts AGC Build America Award for 4th Year Running

PC Construction

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

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

Viewpoint User Summits 2023

Viewpoint Construction Technology

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.

67
article thumbnail

Jobsite safety has slipped since the pandemic, construction CEOs say

Construction Dive

Contractors need to up their safety training practices to avoid “dire consequences,” writes consultant Jay Greenspan.

350
350
article thumbnail

Electric, Hydrogen Power Offers Alternatives at CONEXPO 2023

ENR Construction

With demand for equipment running high, contractors looking to restock fleets found a range of alternative fuel options throughout the triennial equipment show.

78
article thumbnail

Meeting ceiling requirements in restaurant settings

Construction Specifier

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.

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

Episode 20 of The Construction Briefing

Practical Law Construction

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

52
article thumbnail

US DOT and Austin, Texas, launch first-of-its-kind $22B transportation partnership

Construction Dive

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.

302
302
article thumbnail

Will Maryland Beltway Developer's Exit Doom $7.6B P3 Project?

ENR Construction

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.

article thumbnail

Aligning Cost Breakdown Structure with Work Breakdown Structure

In Eight

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

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

Bylt://™ Offshore™ – A Digital xD™ Series Focusing On Emerging Markets In Aquaculture, Marine and Offshore Energy. Available Via Your Bylt™ Passport™ On The BYLT™ SOS™ Social Operating System & It’s Partner Freemium Sites

Bylt News

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

article thumbnail

How to combat ongoing supply chain shortages in construction? Come equipped with options

Construction Dive

Supply chain issues continue to plague the industry. Contractors must enact creative solutions to find a path forward.

article thumbnail

Best Residential/Hospitality - Lone Rock Retreat

ENR Construction

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.

73
article thumbnail

Construction Allowances 101: 4 Effective Practices for Budget Management

Buildern

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.

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.

article thumbnail

Virginia Bans Pay-If-Paid Clauses to Protect Construction Subcontractors

Constructlaw

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.

article thumbnail

Tutor Perini earnings ‘negatively impacted’ by legal issues, canceled work

Construction Dive

The Los Angeles contractor also said it lost a record $11 billion in potential new jobs in 2022 when owners canceled projects.

320
320
article thumbnail

Contractor List Emerges for Navy $2.5B Guam ID/IQ Awards

ENR Construction

Seven teams picked for infrastructure build task orders in military's wider Pacific refocus to counter China's influence in the region.

83
article thumbnail

PC Construction Wins National AGC Build America Award for One Spruce Peak

PC Construction

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.

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

Hilti Partners with Canvas, a Construction Robotics Company

AEC Business

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.

article thumbnail

EEOC puts construction on notice

Construction Dive

The agency’s proposed strategic enforcement plan, which will guide its efforts through 2027, called out the industry by name.

309
309
article thumbnail

NYC Advances Plan for $7.7B East Harlem Subway Extension

ENR Construction

Second Avenue expansion in Manhattan would go out to bid for first two construction contracts this year, said MTA.

article thumbnail

Construction Labor Shortages Persist, Reports Annual Marcum Job Analysis

Construction Superintendent Magazine

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.

article thumbnail

The Art of Contingency Planning: Dealing with Unforeseen Costs

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