Lendlease operating profit falls 26% amid COVID-19 impacts

In a half-year earnings call yesterday, the Australia-based company also announced it has cut its dividend by 50%.

By Jennifer Goodman • Feb. 22, 2021

AGC asks Biden for relief from soaring lumber prices

The Associated General Contractors of America urged the president to craft a new lumber agreement with Canada and to call on domestic suppliers to ramp up production.  

By Joe Bousquin • Feb. 22, 2021

Explore the Trendline➔

Data center construction

New projects from customers like Meta, Google and Amazon make this a burgeoning sector for contractors.

By Construction Dive staff

Commercial contractors tap into booming residential demand

Some nonresidential firms have pivoted to homebuilding out of necessity. Others say the business is coming to them. 

By Joe Bousquin • Feb. 19, 2021

61 transportation funding measures introduced by 25 states

Minnesota had 19 new transportation funding measures in January, and Massachusetts signed a $16.5 billion bond for infrastructure projects.

By Zachary Phillips • Feb. 19, 2021

Despite COVID-19, Los Angeles development still strong

Downtown Los Angeles is seeing a growing and resilient market for large-scale mixed-use projects, according to a new report. Here's why.

By Kim Slowey • Feb. 18, 2021

Boldt Co. unveils modular COVID-19 vaccination unit

The Wisconsin contractor's new VaxMod units are designed to provide rapid vaccine administration to walk-in and drive-thru patients.

By Zachary Phillips • Feb. 18, 2021

Teleo among Deere's 2021 Startup Collaborator program

The company retrofits construction equipment for remote operation on jobsites, which the startup says makes them safer.

By Zachary Phillips • Feb. 17, 2021

Built Technologies lands $88M in funding to ease construction financing

Since its founding in 2015, the Tennessee firm has grown to include 125 lenders and manage over $68 billion of annual construction spending.

By Joe Bousquin • Feb. 17, 2021

Warehouse design moves toward tech-driven flexibility

Given the rapid shift toward e-commerce during the COVID-19 pandemic, retailers want warehouses that can quickly adapt to changing situations.

By Gary Wollenhaupt • Feb. 17, 2021

Texas contractors deal with 'unprecedented' winter weather, power outages

Snow, ice and freezing temperatures have forced construction firms including AECOM Hunt and DPR to halt projects in order to keep workers safe.

By Kim Slowey • Feb. 17, 2021

Developer unveils plans for Phase ll of DC's The Yards

Once completed, The Yards will be the largest waterfront development in the Washington, D.C., region, according to Brookfield Properties.

By Jennifer Goodman • Feb. 17, 2021

Skyrocketing steel, lumber costs threaten to slow construction jobs

As material prices jump, U.S. contractors are coping any way they can. Here are some best practices for working around price fluctuations and shortages.

By Joe Bousquin • Feb. 17, 2021

Construction firms nab $13.7B total in PPP loans so far this year

The industry is second in total 2021 Paycheck Protection Program amounts after the restaurant and hotel category.

By Jennifer Goodman • Feb. 16, 2021

Enbridge starts bid process for Line 5 pipeline project

As its contract with Great Lakes Tunnel Constructors comes to an end, the energy company will switch from a construction manager/general contractor model to a request for proposals from new bidders, The Detroit News said.

By Kim Slowey • Updated April 6, 2021

5 creative ways malls are repurposing their spaces

With lots of square footage and plenty of parking, shopping centers are rethinking ways to give their centralized locations new life. 

By Kaarin Moore • Feb. 16, 2021

New York City building inspector charged in bribery scheme

Francesco Ginestri allegedly accepted a $1,200 payment in exchange for not fining a construction company that ignored a stop work order.

By Jennifer Goodman • Feb. 12, 2021

ASCE lauds 9 outstanding civil projects

From entertainment venues to bridges and coastal walls, these projects selected by the American Society of Civil Engineers are major contributors to their local communities.

By Jennifer Goodman • Feb. 11, 2021

Boring Co. proposal for 4-mile California loop advances

The San Bernardino County Transportation Authority voted unanimously to move forward with the proposal from the Elon Musk-owned company.

By Zachary Phillips • Feb. 11, 2021

AECOM, Jacobs post year-over-year revenue gains

While both firms grew their top-line numbers, AECOM's sequential backlog shrunk by 3.5%.

By Joe Bousquin , Zachary Phillips • Feb. 10, 2021

Uncertainty dominates aviation construction outlook

How quickly many major airport projects move ahead depends a great deal on how long it takes for passenger traffic and revenue to bounce back.

By Kim Slowey • Feb. 10, 2021

Report: Construction of many international sports venues faces 'perfect storm of corruption'

Stadium and infrastructure projects for events like the Olympics and the World Cup require rapid construction and often don’t have enough oversight or transparency, leading to huge cost overruns, according to a new study.

By Zachary Phillips • Feb. 9, 2021

Construction workers among least likely to seek vaccine, report says

Construction ranked fourth from the bottom in terms of employees who said they would get a shot if it was offered to them.  

By Joe Bousquin • Feb. 9, 2021

Skanska 2020 earnings: Overall profit hits record high, construction revenue down 12%

The company's profitability, to a great degree, was driven by divestment in its commercial property segment.

By Kim Slowey • Feb. 8, 2021

Walsh's labor secretary nomination advances to final vote

During his Senate hearing, Marty Walsh emphasized the need for safety standards, calling OSHA "one of the first and top priorities for me." His final confirmation vote has not yet been scheduled.

By Ryan Golden , Zachary Phillips • Updated Feb. 12, 2021

How the PRO Act would change the construction industry

Reintroduced in Congress Thursday, the bill designed to strengthen unions has major implications for construction firms and the workers they employ.

By Zachary Phillips • Feb. 5, 2021