Commercial Building: Page 33

  • A construction worker helps build the “Signature Bridge" on January 05, 2024 in Miami, Florida.
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    Joe Raedle/Getty Images via Getty Images
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    Economic Reports

    Construction input prices drop 3 months in a row

    Despite the sustained cost moderation, some sticker shock could return in 2024, ABC Chief Economist Anirban Basu said.

    By • Jan. 16, 2024
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    Spencer Platt/Getty Images via Getty Images
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    New York’s Prompt Payment Act creates issues for contractors

    Recent amendments that limit the amount of retainage an owner can hold could lead to an accounting nightmare for construction firms, a real estate attorney said.

    By • Jan. 16, 2024
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    Trendline

    Preconstruction

    Careful collaboration before shovels hit dirt is key to a successful project, experts say.

    By Construction Dive staff
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    Inflation inches up, signaling prospect of extended Fed fight

    The consumer price index last month rose more than anticipated, with gains in the cost of services staying stubbornly high.

    By Jim Tyson • Jan. 12, 2024
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    Joe Raedle via Getty Images
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    2024 OUTLOOK

    Construction’s biggest staffing struggles for 2024

    A lack of experienced workers, far-flung jobsites and social issues will compound the industry’s labor shortage this year, experts say.

    By • Jan. 11, 2024
  • A yellow crane stands in front of a tall, shiny glass building that is mostly constructed.
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    Permission granted by Alexandria Real Estate Equities, Inc.
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    Life sciences boom could fizzle

    CBRE said that momentum may falter in three major cities after a rush of investment in the space this year.

    By • Jan. 11, 2024
  • A road next to a sign reading "United States Army Fort Bliss Buffalo Soldier Gate."
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    Joe Raedle via Getty Images
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    Project Wins

    USACE taps Clark for $617M Texas hospital

    The Maryland contractor delivered another Fort Worth healthcare facility on the same Army base four years ago.

    By • Jan. 10, 2024
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    Stantec acquires Morrison Hershfield, boosts Canadian presence

    Edmonton-based Stantec, which has more than half of its offices in the U.S., will grow its workforce in Canada by 10%.

    By • Jan. 10, 2024
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    2024 OUTLOOK

    AI, robotics dominate 2024’s construction tech forecast

    Expect machines trained on “large behavior models,” more mass timber, prefab and 3D printing. But always keep jobsite safety in mind, experts say.

    By • Jan. 10, 2024
  • A rendering of a large, bright, glass building on a sunny day as people mill about in front of it.
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    Retrieved from Broward County Government on January 09, 2024
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    Project Milestones

    Balfour Beatty tops out new development at $1B Florida convention center

    The 400,000-square-foot East Expansion Building in Fort Lauderdale is the second phase of a larger project that has been ongoing since 2019.

    By • Jan. 10, 2024
  • Aerial view of a theme park rendering, featuring brightly colored water features, rides and buildings.
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    Courtesy of Universal Destinations & Experiences
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    Economic Reports

    Construction planning numbers end 2023 on a high note

    Despite a decline last year, planning for commercial projects has begun to stabilize, according to Dodge Construction Network.

    By • Jan. 10, 2024
  • Groundview of EdgeCore's data center in Mesa, Arizona.
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    Permission granted by EdgeCore
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    Project Wins

    Holder Construction gets $1.9B Arizona data center job

    The city of Mesa has experienced a surge in data construction due in part to a lack of natural disasters, low utility costs and business-friendly environment.

    By • Jan. 10, 2024
  • A person wearing safety gear directs a beam that has a flag of the company Balfour Beatty, along with a Miami ironworkers union flag.
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    Courtesy of Balfour Beatty
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    Executive Moves

    Balfour Beatty names US civil CFO

    Jenni Kelley will be the next chief finance executive for the London-based builder’s infrastructure arm in the U.S.

    By • Jan. 9, 2024
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    High prices are slowing for road builders, but challenges lay ahead

    Despite cooling inflation, rising costs will still be an issue this year, especially as labor continues to be in short supply, experts say.

    By Jen A. Miller • Jan. 9, 2024
  • Two bridge towers on either side of a river stand tall, with scaffolding and cranes around them.
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    Courtesy of Gordie Howe International Bridge
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    Gordie Howe Bridge cost rises to $6.4B amid delay

    Construction on the span will finish 10 months late in September 2025 following continued fallout from pandemic-induced problems.

    By • Jan. 9, 2024
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    Challenges to DBE goals in federal contracts gain steam

    In the wake of the Supreme Court’s decision to strike down affirmative action last summer, a smattering of lawsuits allege reverse discrimination due to workforce participation targets.

    By • Jan. 9, 2024
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    Caroline Colvin/Construction Dive
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    DOL independent contractor final rule announced, will take effect March 11

    The rule largely tracks the agency’s October 2022 proposed rule, adopting a six-factor, “totality-of-the-circumstances” framework for analyzing worker-employer relationships.

    By Ryan Golden • Jan. 9, 2024
  • Data analytics can help companies streamline recruitment and hiring processes.
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    Labor crunch will continue to squeeze contractors

    About 80% of firms have a hard time staffing projects, yet the majority still plan to hire more skilled workers, a survey of Associated General Contractors of America members found.

    By • Jan. 8, 2024
  • Cones and a sign blocking a lane off from traffic.
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    Driver in deadly Maryland work zone crash pleads guilty

    One of two motorists involved in a vehicle crash at a Baltimore-area highway construction site that killed six could face 18 months in prison.

    By • Jan. 8, 2024
  • Detroit, Michigan, USA downtown skyline from above at dusk.
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    Debts, lawsuits force Detroit builder to file bankruptcy

    Unpaid bills on the $30 million Dreamtroit project caused problems for MiG Construction.

    By • Jan. 8, 2024
  • Aerial shot of TSMC's $40 billion construction project in Phoenix, Arizona
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    Permission granted by TSMC
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    2024 OUTLOOK

    4 charts break down winning, losing sectors in 2024

    Some types of construction are starting the new year with a bang, while others will continue to wither, experts say.

    By • Jan. 8, 2024
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    Florida woman sentenced to federal prison in construction fraud case

    Gabriela Inamagua pleaded guilty to charges that she ran two fraudulent firms that purported to supply services and labor.

    By • Jan. 5, 2024
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    How travel demand will impact the hotel sector in 2024

    Heightened group and international travel will drive new investment, according to Newbond Holdings.

    By Jenna Graber • Jan. 5, 2024
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    Courtesy of McCarthy
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    Executive Moves

    McCarthy taps IT lead for C-suite role

    Justin McFarland will helm a host of corporate departments, including information technology, for the St. Louis-based builder.

    By • Jan. 5, 2024
  • Several workers in safety gear work on a concrete pour inside a building under construction.
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    Courtesy of Turner Construction
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    Turner heat study finds workers at risk even on ‘cooler’ summer days

    Researchers found that laborers came to work dehydrated and had elevated core temperatures even under moderate conditions.

    By • Updated Aug. 12, 2024
  • Latin woman engineer of an average age of 30 years dressed in a reflective vest and safety helmet puts the communications radio she uses in her trouser pocket
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    Last week to nominate a Construction Champion

    Construction Dive is seeking submissions through Feb. 9 to highlight the industry’s leading women in all sectors.

    By • Jan. 4, 2024