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Category: Financial


Construction Processes, Financial

5 contech firms announce funding in 2024’s first half

May 15, 2024

Via: Construction Dive

The saying goes April showers bring May flowers, and so far this spring, contech firms announced they’ve been showered with cash. Firms that specialize in green materials, recycling and artificial intelligence-based inspections reeled in cash, as the industry continues to […]


Construction Processes, Financial

Public sector lifts nonresidential construction spending as private projects lag

May 1, 2024

Via: Construction Dive

In contrast, private sector nonresidential spending was uneven, said Ken Simonson, chief economist for the Associated General Contractors of America. Overall, private nonresidential spending dropped 0.2%. “Private nonresidential categories showed varied patterns, while multifamily construction continued to slip from record […]


Construction Processes, Construction Site Safety, Financial, Regulations

U.S. DOT releases $830M for resilience projects

April 14, 2024

Via: Construction Dive

Extreme weather is becoming more frequent and severe due to climate change and is causing increased damage to U.S. transportation systems and supply chains, which were primarily designed before climate impacts were taken into consideration. “From wildfires shutting down freight […]


Construction Processes, Financial

Jacobs wins $45M Miami wastewater contract

April 11, 2024

Via: Construction Dive

The Miami-Dade County Water and Sewer Department selected Jacobs Solutions, along with two other firms, to design upgrades worth $15 million each for the county’s three wastewater treatment plants, according to a company announcement. The other two companies are New […]


Construction Processes, Financial

New price jumps ‘not especially good news’ for construction

April 11, 2024

Via: Construction Dive

Earlier this week, the consumer price index in March also rose more than forecast for the third straight month, according to the Bureau of Labor Statistics. Ken Simonson, chief economist at the Associated General Contractors of America, echoed Basu’s sentiment […]


Construction Processes, Financial

Construction starts plunge 8% as Fed toes line on rates

March 21, 2024

Via: Construction Dive

February’s starts could preface a prolonged period of sluggishness over the remainder of the year, Branch said, following January’s stagnant readings that were only kept positive by a manufacturing surge. Branch predicted that interest rate struggles would continue for some […]


Construction Processes, Financial

Earnings roundup: High interest rates catch up to construction

March 6, 2024

Via: Construction Dive

There was a time when construction seemed insulated from the economic malaise hitting other industries, especially during the COVID-19 pandemic. When officials deemed building as an “essential” sector and exempted it from lockdowns early in the crisis, crews could keep […]


Construction Processes, Financial

Senate Committee Clears FAA Bill with $20B for Construction Grants

February 8, 2024

Via: ENR

After months of delay, the Senate commerce committee has approved a five-year Federal Aviation Administration bill that would boost FAA’s Airport Improvement Program infrastructure grants by 19%, to $4 billion a year. The measure, which the Commerce, Science and Transportation […]


Construction Processes, Financial

Kiewit-Shea JV nabs $1B Baltimore Amtrak tunnel contract

February 7, 2024

Via: Construction Dive

Amtrak selected the Kiewit and J.F. Shea Construction joint venture to build the Frederick Douglass Tunnel in Baltimore, the rail agency announced in a Feb. 6 press release. It’s the second of three major components in an $6 billion program […]


Construction Processes, Financial

Public construction spending soars, but private projects still face hurdles

February 2, 2024

Via: Construction Dive

After a revision flipped November’s 0.1% drop back to positive, December’s jump now marks the 19th consecutive month of growth, largely due to infrastructure and manufacturing activity, Basu said, noting big gains for spending overall last year. “Nonresidential construction spending […]


Construction Processes, Financial

FAA Awards $244M for Airfield, Terminal Projects

February 1, 2024

Via: ENR

The Federal Aviation Administration has awarded $243.7 million for airport infrastructure grants around the country to improve runways and taxiways and expand or build terminals. In announcing the selections on Jan. 30, FAA said that its latest batch of awards […]


Construction Processes, Financial

How leveraging a digital payment platform in commercial construction increases speed and reduces risk

January 22, 2024

Via: Construction Dive

Most commercial construction businesses think about financial technology only when it comes to paying their large and often fragmented supplier base. But the right payment solution can make the payment process more efficient while addressing other critical business challenges and […]


Construction Processes, Financial

California launches site to track $180B in infrastructure investment

January 12, 2024

Via: Construction Dive

The website features a map that spotlights numerous projects, from a solar energy storage site in Kings County north of Los Angeles to a new border crossing facility in San Diego and Bosch’s $1.5 billion investment in a chip fab […]


Construction Processes, Financial

High prices are slowing for road builders, but challenges lay ahead

January 9, 2024

Via: Construction Dive

Although road and bridge construction costs continue to be high compared to pre-pandemic levels, the prices of key materials — like concrete, asphalt and diesel — have been coming down, providing some much needed relief for builders. However, that doesn’t […]


Construction Processes, Financial

17 states are cutting income taxes this year

January 8, 2024

Via: Construction Dive

The decline in business tax rates vary from state to state. Of the half dozen state’s trimming their corporate income tax rates, Arkansas’s will drop to the lowest level, with top marginal rates of the state’s corporate income tax falling […]


Construction Processes, Financial

$7.5B Oregon-Washington bridge project nabs IIJA funds

January 2, 2024

Via: Construction Dive

Oregon and Washington state officials praised the new funding. “This is a big moment for the Pacific Northwest and demonstrates the national significance of this effort,” said Oregon Gov. Tina Kotek in the release. “Replacing the Interstate Bridge is a […]


Construction Processes, Financial

Construction spending inches higher

December 1, 2023

Via: Construction Dive

Mixed activity levels within categories suggest the construction market is shifting, but still remains strong overall, according to a separate analysis of spending trends from the Associated General Contractors of America. Spending on manufacturing plants, the largest nonresidential segment, jumped […]


Construction Processes, Financial

Feds award $34M for digital construction tech

November 29, 2023

Via: Construction Dive

The TIDP receives $550 million over five years, or $110 million annually, and funds various transportation and highway research endeavors. The program has existed since 2013, and was continued by the FAST Act in 2016 and the IIJA in 2021. […]


Construction Processes, Financial

Feds award $653M for 41 port projects

November 6, 2023

Via: Construction Dive

The nation’s more than 300 coastal and inland ports get a B- grade from the American Society of Civil Engineers, meaning they’re adequate for now but require attention. While port funding has risen in recent years, there is still a […]


Construction Processes, Financial

Public projects fuel construction spending growth

November 2, 2023

Via: Construction Dive

The largest nonresidential segments showed mixed results from August to September, according to the Associated General Contractors of America construction spending report. Commercial construction, which includes warehouse and retail projects, increased 0.7% in September, noted the AGC report. Meanwhile, investment […]