Construction Processes, Financial
September 27, 2023
Via: Construction DiveFinancial services firm Flex raised $120 million in a Series A equity and debt financing round, according to a Sept. 19 press release. The firm raised $20 million in equity capital, led by Tampa, Florida-based Florida Funders. San Francisco-based investment […]
Construction Processes, Financial
September 15, 2023
Via: Construction DiveAn extreme jump in diesel fuel costs in August drove the overall increase in materials prices, according to a separate analysis from the Associated General Contractors of America. Most other commodity prices remained relatively unchanged, according to AGC officials. “The […]
Construction Processes, Financial
September 6, 2023
Via: ENRInsurance companies offer discounts to lower-risk clients who meet certain requirements. One of the easiest ways to take advantage of this is to deploy construction site cameras on the job site, which can help mitigate risk while providing a whole […]
Construction Processes, Financial
September 5, 2023
Via: Construction DiveConstruction spending levels in July suggest “no letup in demand for construction workers or private-sector projects,” said Associated General Contractors of America Chief Economist Ken Simonson in the group’s own spending report. Still, Simonson continues to caution that progress on […]
Construction Processes, Financial
August 28, 2023
Via: Construction DiveThe Construction Market Forecasting Service (CMFS) 2023 second quarter edition predicted that starts would rise 2% in 2023. That level of growth is minuscule compared with 2022, when total construction starts rose 15% from the previous year. One risk the […]
Construction Processes, Financial
August 15, 2023
Via: Construction DiveLegislation passed since 2021, including the Infrastructure Investment and Jobs Act, Inflation Reduction Act and the CHIPS and Science Act, collectively authorized federal investments of nearly $1.9 trillion over a period of years and spurred additional investments from the private […]
Construction Processes, Financial
July 13, 2023
Via: Construction DiveMany contractors say mounting financing issues aren’t slowing the pace of new construction in their markets, even as developers convert certain projects to modular to avoid cumbersome banking requirements. For example, Kelley Barcuch, an Arlington, Texas-based project consultant for Technology […]
Construction Processes, Financial
July 5, 2023
Via: Construction DiveSpending in the manufacturing sector ticked up 1% in May, and remains up more than 76% year over year. Meanwhile, office construction, which includes the booming data center sector, inched up close to 1% in May and remains up 6.7% […]
Construction Processes, Financial
June 28, 2023
Via: ENRThe U.S. now is the most expensive country for construction, says the latest global cost analysis by U.K. professional services consultant Turner & Townsend, with six cities among the list’s top 10—dislodging London and Hong Kong for the first time. […]
Construction Processes, Financial
June 22, 2023
Via: ConstructConnectThe construction industry is a dynamic and intricate sector that requires precise financial management to thrive in today’s competitive landscape. Therefore, accurate accounting processes are not just necessary; they are a strategic advantage for construction companies looking to maximize profitability […]
Construction Processes, Financial
June 12, 2023
Via: Construction DiveIn May, Miami-based real estate investment firm Participant Capital Advisors announced the launch of its latest fund, the Participant Capital Sun Belt Multifamily Development Fund 1. It targeted $250 million in commitments to allocate to multifamily development projects in the […]
Construction Processes, Financial
June 6, 2023
Via: ENRIn an industry with low project margins, a high level of unpredictability, and fierce competition (both domestic and international), it does not take much to turn a profitable project into a loss-making project, putting the whole business at risk. That […]
Construction Processes, Financial
May 23, 2023
Via: Construction DiveNationwide, schools anticipate a burst of federally funded upgrades to facilities this summer. That’s in part due to loosening of backlogged projects and summer break, which makes school construction easier in the absence of most students and staff. Congress approved […]
Construction Processes, Financial
May 9, 2023
Via: Construction DiveOn the surface, the recent collapses of Silicon Valley Bank, Signature Bank and First Republic Bank shouldn’t harm the multifamily sector as much as other commercial real estate asset classes. Recent data from research firm MSCI shows that local and […]
Construction Processes, Financial
April 21, 2023
Via: Construction Dive“The financial burden of material and labor has always been difficult to quantify, the full extent a bit hazy. Knowing that subcontractors spent an extra $97 billion almost feels like putting a face to a name,” the report reads. “For […]
Construction Processes, Financial
April 20, 2023
Via: Construction DiveTutor Perini subsidiary Lunda Construction has won a $62 million interstate bridge repair contract to shore up the 43-year-old I-494 crossing over the Minnesota River in Bloomington, Minnesota, according to a news release. The Minnesota DOT tapped Lunda for pavement […]
Construction Processes, Financial
April 17, 2023
Via: Construction DiveSigns point to decreased construction activity in coming months as financing costs for many developers have become prohibitively high, sources told Construction Dive. For example, increased interest rates are making construction projects more risky and less profitable, said Nicolas McNamara, […]
Construction Processes, Financial
April 13, 2023
Via: ENRThe flow of Infrastructure Investment and Jobs Act funds rolls on, with the Federal Highway Administration’s award of $295.7 million from the law’s Bridge Investment Program. The grants, announced on April 13, went to nine projects–five urban and four rural–which […]
Construction Processes, Financial
April 11, 2023
Via: Construction DiveSeveral categories of commercial planning fell, led by a 29% and 11% decrease in the office and warehouse sectors, respectively. Overall commercial planning, which includes offices, retail, hotels and warehouses, dropped 6.6% in March. Institutional planning weakened too, as healthcare […]
Construction Processes, Financial
March 28, 2023
Via: Construction DiveThe delay follows warnings from construction industry experts on growing concerns around financing, especially following the closures of Silicon Valley Bank and Signature Bank a few weeks ago. Contractors can expect tightening and some tension from small and regional banks, […]