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Procore reportedly delays IPO pursuit

The construction software startup's move to delay an initial public offering is likely due to the coronavirus pandemic’s impact to the economy.

Column

Modular Monitor: Offsite offers unique answers to healthcare systems in a crisis, Part 2

A month after the niche leapt to the occasion to address immediate, mid- and long-term needs, we have a snapshot of its successes and shortcomings, and a revised look at the future.

AECOM posts record $42B backlog amid COVID-19 crisis

The Los Angeles-based multinational contractor also saw revenue increase 5% compared to last year's Q2 as most of its 50,000 projects have continued despite the pandemic.

Nurses contracted by Tampa, Florida, officials drop in on jobsites in fight against coronavirus

Developers are behind the new initiative and are paying for the visits to the city's bigger construction projects amid pressure to prep for Super Bowl 2021.

Report: Q1 hotel construction pipeline strong despite pandemic

Hotel projects under construction in the first quarter were at an all-time high, but hotel owners are extending their opening and construction start dates by four to six months.

Lendlease seeks to raise AUD 1.1B in equity

The company also said last week senior staff and non-executive board members will take salary and fee cuts of up to 20% and that a decision on a final dividend for FY 2020 would be postponed.

Design-build team to exit Maryland's $2B Purple Line project

Citing a dispute with transportation agencies over cost overruns and long delays, the three firms working on the project — Fluor, Lane and Traylor Bros. — said they will pull out of the P3 project.

How to ease workers' anxieties about returning to the jobsite

Robust safety policies and transparent communication are the keys to keeping team members comfortable, engaged and coming back to work.

MTA completes tunnel rehab 3 months early, $100M under budget

The new plan to rehab the Canarsie tunnel project in New York City resulted in a time savings of six months from the original proposed deadline.

Connex software maker acquired by investment firm

Command Alkon, now owned by private equity firm Thoma Bravo, eases the ordering of heavy construction materials like concrete.

Coronavirus contech headquarters: How contractors are using tech to continue essential work

A roundup of Construction Dive stories focused on contech solutions helping to push construction forward during the pandemic. 

Salini Impregilo, Ficantieri complete Morandi bridge replacement in Italy

The new bridge, built in record time and with strict COVID-19 protocols,replaces one that collapsed almost two years ago, killing 43 people. 

Construction code purveyor calls Supreme Court's ruling that annotated code can't be copyrighted 'monumental'

The court's decision could have an impact on other similar cases, like the International Code Council's lawsuit against online code provider Upcodes, which heralded the decision.

Construction to resume in Pennsylvania with many new protocols

When contractors across the state get back to work Friday, they will be required to include safety practices unheard of before the pandemic.

Construction materials manufacturer Continental takes heat over $5.5M PPP loan

The 445-employee Continental reported more than $111 million in revenue last year, and some have pointed to the owners' alleged relationship with President Trump as a reason the company was able to secure so much in short order.

370 Skanska projects impacted by COVID-19 so far

The coronavirus fallout is beginning to affect the multinational contractor in every region and sector where it operates worldwide, said CEO Anders Danielsson on an earnings call today.

The Dotted Line: 4 ways to interpret construction contracts amid coronavirus

Though the pandemic's full impact is still unknown, know which contracts you have and their terms, attorneys say, because the "devil is in the details."

Dust, debris can be deadly: Study finds healthcare construction training lacking

Researchers found construction companies need to make sure their superintendents, workers and subcontractors working in or near hospitals and other facilities are aware of the dangers they can pose to patients. 

Construction begins in China on world's largest soccer stadium

Work on the $1.7 billion, 100,000-seat Guangzhou Evergrande stadium began last week and is set for a 2022 completion date. 

DPR repurposes 360-degree imaging for crucial WeWork project inspection

The contractor facilitated a critical fire marshal inspection at The Gulch in Nashville, Tennessee, that would have otherwise been canceled due to social distancing guidelines.

Study shows the benefit of real-time 3D technologies

Also known as digital twins, RT3D representations, which allow for evolving, virtual versions of the built environment to be visualized during planning phases, are poised for AEC industry growth. 

Contractor confidence plummets to record low amid crisis

In the latest Construction Confidence Index from Associated Builders and Contractors, firms reported historic declines in expectations for sales, profit margins and staffing levels.

Massachusetts union members advised to return to work following strikes

Effective April 21, the work stoppage directive issued by the state's largest industry union earlier this month is no longer in effect for essential projects with acceptable COVID-19 safety protocols.

Trump administration awards $569M border wall contract despite calls to spend more on the coronavirus fight

"The administration should be mobilizing resources, including the Army Corps of Engineers, to ... save lives, [but] is instead directing half a billion dollars to a no-bid contract to build an ineffective wall," Democratic lawmakers wrote to Trump.

Software companies develop tech safety nets to measure social distancing

Using image-capture data or GPS sensors, developers say their applications can notify workers and superintendents in real time if workers don't maintain social distancing.