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Construction Processes, Financial

Contech firm launches new banking service for contractors

January 19, 2022

Via: Construction Dive

Briq Cash wants to solve what it calls “inefficiencies” surrounding payments in the construction industry, from time-consuming tasks like opening multiple accounts to digitizing files and data like receipts and invoices. “There’s different regulatory requirements that sometimes companies have to […]


News

Maine DOT releases 2022 three-year work plan for infrastructure projects

January 19, 2022

Via: Roads & Bridges

The Maine Department of Transportation (MaineDOT) recently released the 2022 edition of its three-year work plan. The work plan includes all capital projects and programs, maintenance and operations activities, planning initiatives, and administrative functions for calendar years 2022, 2023, and […]


Construction Processes, Legal

Texas developer settles military housing fraud claim for $500K

January 18, 2022

Via: Construction Dive

The DOJ’s resolution with Hunt comes less than a month after Malvern, Pennsylvania-based Balfour Beatty Communities (BBC), the U.S subsidiary of Balfour Beatty and one of the country’s largest providers of privatized military housing, pleaded guilty to one count of […]


Construction Processes, Financial

$26.5B from IIJA targets bridge repair, replacement projects

January 18, 2022

Via: Construction Dive

Crumbling bridges are a serious problem in the U.S. A 2021 American Society of Civil Engineers report found that more than a third of the country‚Äôs bridges need repairs, 45,000 were classified as structurally deficient and 79,500 need to be […]


Construction Processes, Interaction of Expertise

Contractor optimism high entering 2022, per AGC report

January 13, 2022

Via: Construction Dive

The Infrastructure Investment and Jobs Act (IIJA) has played a large part in this confidence boost. Respondents were most optimistic about highway and bridge construction, with 63% expecting a large dollar value of projects to compete for. They were also […]


Construction Techniques

The 5 contech trends that will power jobsites in 2022

January 12, 2022

Via: Construction Dive

The construction industry had a challenging but positive year in 2021, and the growth of construction technology has been one of the bright spots. With the pandemic forcing faster adoption of technological tools, experts and investors are recognizing the sector’s […]


Construction Techniques

Mississippi DOT using LiDAR technology for road construction projects

January 12, 2022

Via: Roads & Bridges

The Mississippi Department of Transportation (MDOT) is using light detection and ranging (LiDAR) technology to improve efficiency and safety in the construction and maintenance of road projects around the state. LiDAR is a method for determining ranges or distances by […]


News

How higher rents, rising values will drive multifamily construction in 2022

January 11, 2022

Via: Construction Dive

While the COVID-19 pandemic has hammered many areas of commercial real estate, the multifamily sector has emerged as a clear winner. Although apartment rents plummeted in the early months of the pandemic, they quickly recovered in early 2021. These rent […]


Construction Processes, Financial

U.S. DOT to double investment in Regional Infrastructure Accelerators grant program

January 11, 2022

Via: Roads & Bridges

The U.S. Department of Transportation (U.S. DOT) this week announced the Build America Bureau will add $5 million in grants to the Regional Infrastructure Accelerators (Accelerators) Demonstration Program. This brings the total investment to $10 million to expedite delivery of […]


News

Economic outlook: The issues that will boost, challenge construction in 2022

January 10, 2022

Via: Construction Dive

In late December, Deron Brown was having trouble finding a hotel room in Phoenix for a January conference. And from his perspective, that was a good thing. As president and chief operating officer of U.S. operations for Edmonton, Canada-based PCL […]