The Global Utility System Construction Market is undergoing a dynamic transformation, poised for robust growth over the next decade. In 2023, the market stands at an estimated value of USD 0.69 billion and is projected to reach USD 1.17 billion by 2033. This growth, at a Compound Annual Growth Rate
The construction industry stands at a pivotal intersection, where the demand for sustainable practices meets the urgent need to combat climate change. With buildings accounting for 37% of global CO2 emissions and 34% of species habitat loss due to urban development, the sector's transformative
The Bureau of Overseas Buildings Operations (OBO) continues to pioneer new safety initiatives, particularly focusing on the often-overlooked aspect of mental well-being within the construction industry. Construction Safety Week Observed from May 6-10, 2024, Construction Safety Week marked an
The District at Cypress Waters in Dallas is setting a new standard in property management through the innovative use of artificial intelligence (AI). In a significant move towards modernizing operations, property manager Jason Busboom introduced AI bots to handle some of the complex's most
The construction industry feeds a significant part of the U.S. economy, providing millions of short- and long-term jobs across the country on an annual basis. Since the passage of the Infrastructure Investment and Jobs Act in late 2021, the federal government has begun pumping the Congressionally
Australia is on the brink of a significant transformation in its construction sector, spearheaded by the ACT Government's recent initiatives. Spearheaded by Minister for Sustainable Building and Construction Rebecca Vassarotti, this endeavor seeks to establish a unified approach for measuring
Bisly, a Tallinn-based startup specializing in advanced smart building automation solutions, has successfully closed a Series A funding round, raising an impressive €6.2 million. This funding round attracted a mix of both new and existing investors, with prominent figures such as Urvo Männama and Pa
The recent decline in US construction input prices during May 2024 marks a pivotal change in the industry’s economic landscape. This decrease in input prices is the first since December 2023 and has generated a wave of optimism among contractors and economists alike. For months, rising costs had p
In the push to modernize U.S. infrastructure, an essential player performs its role quietly yet profoundly: the Global Positioning System (GPS). Despite its absence in the explicit text of the colossal $1.2 trillion bipartisan Infrastructure Investment and Jobs Act, GPS emerges as a foundational
In the wake of the United Kingdom's departure from the European Union, a cloud of regulatory uncertainty has formed over the construction industry. Amidst the turbulent transitional period, businesses are seeking stability and clarity regarding the future use of product markings that signify
