Shutdown-impacted businesses taking PPP loans may risk losing CARES Act tax benefits

Until rules are out, it's not clear paying expenses with stimulus loan funds will help your business come tax time.

By Robert Freedman • April 7, 2020

AECOM cuts executive and board pay by 20%, CEO Burke remains for now

The company's reported merger talks with Canada-based WSP have also likely stalled due to the coronavirus crisis.

By Jennifer Goodman • April 6, 2020

Katerra lays off 7% of workforce in latest round of cuts

The layoffs, which amount to about 400 employees, will help to accelerate the offsite construction firm's "path to profitability," CEO Paal Kibsgaard said.

By Joe Beeton , Zachary Phillips • Updated July 1, 2020

Analysts predict a temporary coronavirus-related halt to commercial lending

Large transactions will be challenging to consummate now, but the outbreak's impact on U.S. commercial lending will be more like that of 9/11 than the Great Recession, a RCLCO Real Estate Advisors​ official told Construction Dive.

By Jennifer Goodman • April 3, 2020

Vital actions every construction project needs to take to tackle COVID-19 now

 Every project is struggling with hurdles prompted by COVID-19. Here are ways you can tackle the problems now. 

April 3, 2020

Consultant predicts a post-coronavirus 'construction tsunami'

Contractors should look to predictive models to help plan for getting back to work after the COVID-19 crisis abates, which could be in just over a month, according to a presenter at a recent DBIA webinar.

By Jennifer Goodman • April 2, 2020

Skanska, Balfour Beatty, Jacobs Engineering freeze or cut executive pay

In response to coronavirus-related economic turmoil, public construction firms are also delaying dividends and Fluor is preparing to ward off any hostile takeover bids.

By Jennifer Goodman • April 1, 2020

Contract work in the age of coronavirus: How individuals are overcoming

For contractors, COVID-19 can mean no working. Here’s how you can stay productive during this time.

March 30, 2020

Trump signs emergency coronavirus bill granting paid leave opposed by construction group

The bill contains two key provisions covering workers employed by private entities and individuals that employ fewer than 500 employees.

By Ryan Golden , Jean Dimeo • March 19, 2020

How contractors are responding to the COVID-19 crisis

Despite paralyzing levels of uncertainty brought on by the rapidly changing effects of the coronavirus pandemic, contractors like Bechtel, DPR, Layton and Suffolk are trying to prepare for whatever might come next.

By Jennifer Goodman • March 19, 2020

In most US cities, construction work continues as shutdowns loom

Pennsylvania's ban on nonessential travel effectively stops construction, while it's unclear how California's measure will impact new and existing work. As more jurisdictions follow, Trump is being urged to set federal definitions on whether functions such as jobsites can operate.

By Jennifer Goodman • Updated March 20, 2020

Hotel construction pipeline ends 2019 with record high

Though there were a record number of hotels planned and underway as of the close of the year, Lodging Econometrics' results and forecast do not include the potential impact of the coronavirus.

By Kim Slowey • March 18, 2020

AGC opposes paid leave provision in House coronavirus bill

If passed in the Senate, the plan could lead to industry layoffs, bankruptcies and delays in the construction of medical and emergency facilities, according to the Associated General Contractors of America.

By Jennifer Goodman • March 17, 2020

COVID-19: Construction Dive's daily news and resource tracker

North Carolina health officials report high rates of COVID-19 among Latino construction workers, Chicago’s Aon Center Observatory project has been delayed and a Santa Barbara, California, contractor is building free "parklets" for local restaurants.

By Nami Sumida • Updated June 30, 2020

6 ways the coronavirus outbreak will affect construction

Contractors are used to risk but are they prepared for everything the pandemic will throw at them? Here are the top consequences builders will face.

By Jennifer Goodman • March 13, 2020

Balfour Beatty profit up 8% amid US civil project delays and coronavirus monitoring

Despite an overall increase in U.S. revenue, CEO Leo Quinn said that around 18 civil projects there have fallen behind schedule, leading to reduced profitability in that sector.

By Kim Slowey • March 13, 2020

Economist: Contractors should prepare for a coronavirus-triggered recession

The fragile state of the U.S. economy may be no match for a pandemic, ABC economist Anirban Basu said at the World of Modular conference this week.

By Joe Beeton • March 12, 2020

In a world of changing construction costs, success hinges on accurate data

Inaccurate construction costs can be the pitfall of construction projects. 

March 6, 2020

Construction industry growth predicted in JLL 2020 report amid cost upticks, coronavirus uncertainty

Contributing to the overall economic environment of the industry are the usual suspects of rising material costs and trade policies as well as a new health crisis that could impact those factors even more.

By Kim Slowey • March 6, 2020

5 construction innovations bridging the labor shortage gap

Technological innovations provide the solution needed to combat the labor shortage.

Feb. 28, 2020

Coronavirus impacts could have ripple effect on US construction industry

When it comes to unexpected developments on factors like materials prices, American builders are not immune to the effects of the global epidemic.

By Jennifer Goodman • Feb. 19, 2020

Addressing the construction labor shortage with technology and scale

Introducing Workyard, a viable solution to the construction hiring crunch.

By Nic De Bonis, Co-founder and CEO of Workyard • Feb. 19, 2020

RLB: Construction costs rise 1.2% in Q4; up 5.2% YOY

Although it's no surprise that San Francisco leads the way in costs, the city also had the largest increase in year-over-year costs, at almost 7.8%

By Kim Slowey • Feb. 13, 2020

Alaska construction spending to near $7B in 2020

The state has a lot of construction going on year after year, with 41,300 jobs related to construction in 2018 averaging wages of almost $80,000 a year.

By Kim Slowey • Feb. 6, 2020

Should contractors risk moving into niche building sectors?

Construction firms should understand the challenges of a new line of work, including the possibility of slower payment schedules, diversity hiring goals and technology expertise, experts say.

By Kim Slowey • Feb. 4, 2020