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Tag: commercial building


Construction Processes, Financial

Warehouse rents could slow their climb in 2021 as construction boosts supply

January 13, 2021

Via: Construction Dive

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 […]


Construction Processes, Financial

Contractors to benefit from latest round of PPP funding

January 5, 2021

Via: Construction Dive

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 […]


Construction Processes, Financial, Interaction of Expertise, Sustainability

Fluor reports lower revenues and backlog, but sees opportunity ahead

December 11, 2020

Via: Construction Dive

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 […]


Construction Processes, Financial

Protecting Construction Cash Flow During Tough Times

December 9, 2020

Via: ConstructConnect

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 […]


Sustainability

Trade groups: Amid COVID-19 challenges, construction has performed better than most industries

December 4, 2020

Via: Construction Dive

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 […]


Sustainability

$2.3B office tower breaks ground in New York City despite COVID-19 challenges

November 18, 2020

Via: Construction Dive

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 […]


Construction Processes, Financial

Capitol Hill Talks Could Set Fiscal 2021 Construction Funding

November 17, 2020

Via: ENR

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 […]


Construction Processes, Financial

Maryland county school board approves $1.2B school P3

October 27, 2020

Via: Construction Dive

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 […]


Sustainability

Despite progress, ingrained racism still runs deep in construction

October 21, 2020

Via: Construction Dive

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 […]


Construction Site Safety, Hazards, Regulations

3 ways to create a safe equipment and working environment

October 5, 2020

Via: ISHN

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 […]