Construction Processes, Financial
March 6, 2024
Via: Construction DiveThere 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
February 8, 2024
Via: ENRAfter 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
February 7, 2024
Via: Construction DiveAmtrak 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
February 2, 2024
Via: Construction DiveAfter 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
February 1, 2024
Via: ENRThe 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
January 22, 2024
Via: Construction DiveMost 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
January 12, 2024
Via: Construction DiveThe 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
January 9, 2024
Via: Construction DiveAlthough 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
January 8, 2024
Via: Construction DiveThe 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
January 2, 2024
Via: Construction DiveOregon 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
December 1, 2023
Via: Construction DiveMixed 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
November 29, 2023
Via: Construction DiveThe 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
November 6, 2023
Via: Construction DiveThe 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
November 2, 2023
Via: Construction DiveThe 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 […]
Construction Processes, Financial
October 31, 2023
Via: ENRBritish Columbia Transportation and Infrastructure officials have shortlisted three teams to submit proposals for the $3-billion Fraser River Tunnel Project south of Vancouver, Canada. According to procurement documents, officials plan to sign a design early works agreement with the winning […]
Construction Processes, Financial
October 24, 2023
Via: Construction DiveThe commercial real estate market has slumped in recent years as working from home grew in popularity and borrowing costs surged. Since March 2022 Fed policymakers, aiming to slow the worst inflation in four decades, raised the benchmark interest rate […]
Construction Processes, Financial
October 19, 2023
Via: Construction DiveNonresidential construction continues to lead construction spending in New York City, said Esposito. The federal government’s investment in infrastructure, along with resilient sectors such as healthcare, life sciences, manufacturing, data centers and transportation, will continue to create opportunities, he said. […]
Construction Processes, Financial
October 2, 2023
Via: Construction DiveSpending levels remained mostly positive among large nonresidential segments, according to the Associated General Contractors of America construction spending report. Manufacturing-related spending continues to lead the way, posting a 1.2% uptick in August, according to the report. Spending on power, […]
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 […]