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Economic Reports
Private construction steadies, but public abandonments jump
Despite relief in the commercial sector, the Project Stress Index remains higher than a year ago, and projects funded with government money took a worrisome turn.
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Opinion
The 8 mistakes I see most in construction contracts
Lack of clarity over payment, change orders, timelines and quality of work all contribute to projects ending up in litigation, writes a consultant.
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Contractors welcome rate cut, push for more
Firms said the quarter-point reduction will provide a meaningful confidence boost, especially for private projects, though likely won’t boom construction activity.
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Lilly to build $5B cancer drug facility in Virginia
It is expected to create 1,800 construction jobs and is one of four U.S. manufacturing facilities the pharmaceutical giant plans to unveil this year.
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Q&A
‘Move Over Bob’: Construction zine makes space for women
Co-founder Kate Glantz explains how the Arizona-based publication seeks to reach young women and educate them on potential careers in the trades.
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Bechtel gets green light on $6.7B LNG project
The Rio Grande LNG Facility was stalled after an appeals court nixed the Federal Energy Regulatory Commission’s authorization last year.
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6 contech firms raise combined $116M
Reality capture and projection startups made up the bulk of funding rounds in recent months.
Updated Sept. 23, 2025 -
Microsoft, Nvidia pour billions into UK data center buildout
The U.S. tech giants are joining the largest AI infrastructure rollout in the country’s history, Nvidia said Tuesday.
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Economic Reports
Backlog slips as small construction firms lose ground
Labor issues and material costs cut into project pipelines for contractors with under $30 million in revenue.
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Amid hot data center market, Skanska grows advanced tech unit
Following its launch in February, the division will look to capitalize on the booming sector, even as material prices stymie builders in other segments.
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Opinion
Why design-build is the key to building smart and stronger
The design-bid-build delivery model has been the backbone of U.S. construction for decades, but today’s more complex projects need a different approach, writes a contractor CEO.
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California set to allow denser housing by transit
Gov. Gavin Newsom will soon review SB 79, which will make it easier to build multifamily housing near major train stops and rapid bus lines.
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Suicide prevention initiative reaches 188K construction workers
A partnership spurred by Bechtel’s $7 million donation to the American Foundation for Suicide Prevention has made strides in its goal of aiding half a million workers.
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Red Bull moves ahead with $1.7B factory after delay
The plant is expected to can 3 billion energy drinks annually and distribute throughout the U.S.
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Project Milestones
Construction launches on $152M Port Everglades bulkhead project
Seawalls dating back to the 1950s are getting an upgrade to handle rising sea levels as well as reverse storm surges during Florida’s hurricane season.
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Project Wins
Tutor Perini unit lands $960M California children’s hospital job
Subsidiary Rudolph and Sletten will build a seven-floor facility in Oakland for UCSF as well as an adjacent parking structure with a rooftop heliport deck.
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As mental health crisis grows, encourage workers to ‘be the helper’
New CPWR data shows a significant jump in anxiety and depression among construction workers, according to a Sept. 11 webinar.
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Executive Moves
STO Building Group parent appoints new president
Scott Kolbrenner joins Global Infrastructure Solutions after nearly 27 years at investment bank Houlihan Lokey, where he led the infrastructure services practice.
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Illinois pre-apprenticeship programs boost tradesworker diversity
Tuition-free, on-the-job training brought in larger shares of underrepresented groups in the trades, a study by the Illinois Economic Policy Institute found.
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California lawmakers pass bill to expand manufacturing decarbonization projects
The bill would make thermal energy storage and industrial heat pumps eligible for financial incentives under various state programs.
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Economic Reports
‘There is a limit’: Rising materials costs test construction’s breaking point
Prices for steel, aluminum and other key inputs “rose at an especially rapid pace,” said ABC chief economist.
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Executive Moves
Balfour Beatty’s new CEO starts work
Philip Hoare, who has a civil engineering background, assumes leadership from Leo Quinn, who guided the firm for the past decade.
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San Francisco’s permitting reform seeks an end to building project ‘death by a thousand cuts’
San Francisco Mayor Daniel Lurie’s latest permitting reform package loosens restrictions on historic buildings, reduces fees and clears the path for accessory dwelling units in the city.
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DOL moves to repeal independent contractor rule
A recently released agenda flags the removal of the Biden-era regulation, itself a replacement for guidance from the first Trump administration.
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Q&A
‘Be vulnerable’: Shawmut safety chief on value of partnerships to lower suicide rates
This Construction Suicide Prevention Week, the contractor is among the many participating in stand-downs and education sessions.