Tag: commercial building

February 12, 2021

A standard ESOP will see existing stockholders sell all or some portion of their shares to the program for allocation to employees. Qualifying employees are allocated shares according to their part of total payroll. The vesting period (the time an […]

February 3, 2021

Nexii recently released plans for its first U.S. production facility, located in Hazleton, Pennsylvania. Once fully operational this spring, the plant will be able to produce more than 8 million square feet of building panels a year for projects in […]

February 3, 2021

During his nomination hearing before the U.S. Senate Committee on Commerce, Science and Transportation late last month, Buttigieg said the “time is now” for a massive infrastructure investment in a bid to jump-start the economic recovery from the coronavirus pandemic. […]

January 13, 2021

Rents are breaking records, but the construction pipeline is, too. As of Q4, there were 360.7 million industrial square feet under construction with 94% of it intended for warehouse and distribution uses, according to the report. The South has the […]

January 5, 2021

One of the most anticipated aspects of the $908 billion coronavirus relief measure signed by President Trump last week includes $284 billion for a revamped Paycheck Protection Program. The measure — attached to a $1.4 trillion bill set to fund […]

December 11, 2020

The results came as Fluor looks to regain its footing after a restructuring to put accounting mishaps behind it. The company is now pursuing higher-quality contracts, even as it continues to work through older, “zero margin” jobs. The firm didn’t […]

December 9, 2020

Many construction companies operate on razor thin margins and most are definitely not strangers to cash flow issues. Compound those with a crisis and things can get rocky fast. However, dealing with financial hardships and challenging stretches in business life […]

December 4, 2020

While construction has struggled through a year of unprecedented challenges, it has also proven to be one of the country’s most resilient industries in light of the coronavirus outbreak. Contractors have dealt with a range of challenges this year, including […]

November 18, 2020

Despite the fact that Manhattan’s office towers remain 85% unoccupied, according to the New York Post, the One Madison Avenue development team is betting on a revival of the sector once COVID-19 has passed. The most likely tenants for the […]

November 17, 2020

As Congress begins its lame-duck session, one item that construction groups and companies will be studying closely is the fate of appropriations legislation to fund federal agencies, including their construction and infrastructure programs, through next Sept. 30, the end of […]

October 27, 2020

PGCPS said that 40% of its buildings that were constructed 60 years ago need either total renovation or replacement. The price tag to modernize the system would be approximately $8.5 billion over 20 years, but PGCPS has only $210 million […]

October 21, 2020

Greg Page, the president of Waldorf, Maryland-based Page Building Group, has a proven business strategy when it comes to applying for financing: Send in the White guy. That was the approach he took when he needed $500,000 to fund the […]

October 5, 2020

Cleanliness is a foundational element to any successful safety culture. In today’s environment, it’s also a topic of many discussions and the emphasis of new protocols across industries – and the world. Safety should be engrained in the culture and […]

September 30, 2020

Interlocking concrete blocks are a unique form of pre-cast concrete blocks that are designed to hold together by using pre-measured holes and depressions. They’re built with unique profiles and features, allowing them to fit perfectly into each other without the […]

September 16, 2020

Prestressing is generally used when a concrete element has to withstand very high loads — for instance, beams, bridges or cantilevered structures. In conventional pretensioning technology, the reinforcements or tendons — usually made of steel — are anchored on both […]

September 16, 2020

The coronavirus pandemic has sped up the implementation of remote virtual inspections for many building departments, and many officials have indicated that their agencies will probably continue to use remote inspections even after social distancing rules ease up. Using common, […]

September 15, 2020

Woods’ decision in part focused on the four-factor test included in the final rule. The test considers whether the potential joint employer: Hires or fires the employee (not whether the employer has the authority to hire or fire). Supervises and […]

September 9, 2020

Brian Krause knows that when it comes to actually building what’s in the 3D model of his latest commercial construction project, his best-laid plans can be foiled by something as seemingly insignificant as a 1/4-inch bathroom tile. That’s the lesson […]

September 8, 2020

There are plenty of completed modular projects under the construction industry’s collective belt, but there are plenty of owners and developers who have not explored modular as a feasible alternative to traditional construction methods. Some construction companies are in a […]

September 2, 2020

President Donald J. Trump has had numerous writers take the measure of his life so far, and there will be dozens of more comprehensive Trump biographies—whether or not he wins re-election. But when Trump’s time in office is measured solely […]