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Tag: financial


Construction Processes, Legal

SEC asks companies for details on impact of climate change

September 24, 2021

Via: Construction Dive

SEC Chair Gary Gensler said in July he has asked agency staff to submit a proposal for mandatory climate risk disclosures for agency consideration by the end of 2021. Such reports may be required in an expanded Form 10-K and […]


Construction Processes, Financial

AECOM revenue steady as company anticipates a boom in civil work

May 12, 2021

Via: Construction Dive

Rudd said that AECOM’s government clients are on strong financial ground, thanks to money from the $350 billion American Rescue Plan. In fact, he said, the company’s largest state and local government clients are funded at higher levels now than […]


Construction Processes, Procurement

Experts: Construction material shortages to continue in 2021

December 23, 2020

Via: Construction Dive

The three big drivers — backlog, revenue expectations and contractor confidence — in the business group’s report “nudged up” slightly from the third quarter, but failed to reach pre-pandemic numbers. All three CCI scores were 70 or above in Q1, […]


Construction Processes, Legal

You’ve been cited by OSHA: Now what?

November 9, 2020

Via: Construction Dive

While no one would disagree with OSHA’s mission, which is to ensure the safety of U.S. workers through compliance with the agency’s standards, the prospect of a workplace inspection might rattle even the most safety-conscious employer’s nerves with fears of […]


Construction Processes, Financial, Procurement

How Purchase Orders Can Help Improve Financial Control in Construction

October 8, 2020

Via: ConstructConnect

When it comes to construction, it is extremely important to have control over finances. Though it is one of those industries that have shown significant growth during the last two decades, construction firms are expected to face maximum loss on […]


Construction Processes, Financial

Lenders’ top tips for weathering the COVID-19 crisis

June 16, 2020

Via: Construction Dive

Having a strong relationship with a bank is crucial for businesses even in good times, but the uncertainty of the COVID-19 situation has reinforced the importance of an effective financial institution. Most recently, the Paycheck Protection Program demonstrated the critical […]


Sustainability

Weak Velocity of Money & High Savings Rate Save Stock Markets

May 5, 2020

Via: ConstructConnect

North America’s four major stock market indices, as shown in Table 1, all recorded strong recent month-to-month performances. They managed double-digit percentage gains from month-end closings in March to month-end closings in April. The appreciations ranged from a low of […]


Construction Processes, Financial, Interaction of Expertise

3 Tips For Attaining Project Financial Control In The Construction Industry

January 10, 2020

Via: ENR

Project financial control involves more than summing historic values, it needs the controller to map the consequences of potential events and adjust the sliders to influence the outcomes. Like a DJ dropping the next track, the controller should drive the […]


Construction Processes, Design, Financial

Atlanta’s $5B Gulch project emerges as Centennial Yards

May 16, 2019

Via: Construction Dive

While developers are seeking tenants for Centennial Yards and planning amenities like concert venues and museums, a local citizens group has filed a lawsuit against Atlanta in an attempt to block the city’s use of publicly funded bonds to help […]


Construction Processes, Financial

US commercial real estate to grow through 2019

January 16, 2018

Via: Construction Dive

Despite the ULI’s findings, Bloomberg recently reported that the suburban office market is on an upward march as older millennials opt to move away from urban centers to smaller, more affordable cities nearby. And employers are tagging along. One of the contributing factors […]


Construction Processes, Financial, Procurement

December material prices edge down, up 5% for 2017

January 12, 2018

Via: Construction Dive

A too-narrow narrow gap between natural gas and crude oil prices contributed to the decision that South Africa-based chemical and energy company Sasol made to cancel its plans to build a $15 billion gas-to-liquids (GTL) factory in Louisiana next to its $11 […]


Construction Processes, Financial

Developers break ground on $150M Los Angeles mixed-use project

September 1, 2017

Via: Construction Dive

Live-work-play developments are still springing up in major cities, but those who are in the surrounding communities are looking to bring that urban walkability to their neighborhoods as well. In October, another Los Angeles–area developer, Westfield Corp., proposed replacing an […]


Construction Processes, Financial

CO convention center expansion costs double to $233M

August 31, 2017

Via: Construction Dive

Convention center representatives attributed the rising cost estimate to the skilled-labor shortage in Denver, climbing steel prices and building code requirements. Denver officials expect pushback on the tax from hotels that are not in close proximity to the convention center, […]


Construction Processes, Financial

Median construction worker age on par with US workforce — for now

August 31, 2017

Via: Construction Dive

The construction workforce trending older has been cause for concern in some parts of the U.S. as the industry continues to cite the skilled labor shortage as one of its most critical problems. The Northeast, especially, could face challenges as […]


Construction Processes, Financial

Housing market breaks records in May

June 20, 2017

Via: Construction Dive

Affordable housing is just one reason cities like Omaha, Buffalo and Grand Rapids are becoming desirable places to move, particularly for first-time homebuyers, many of whom are millennials, though prices there are rising, too. Home prices were up 4.3% year-over-year […]


Construction Processes, Financial

April Construction Starts Retreat 13% Nationwide

June 2, 2017

Via: ENR

The value of new construction starts in April dropped 13% from the previous month to a seasonally adjusted annual rate of $647.8 billion, according to Dodge Data & Analytics. The decline followed three straight months of gains, which saw total […]


Construction Processes, Financial

These buildings paid the highest property taxes in 2016

May 25, 2017

Via: BDCNetwork

Ben Franklin is often attributed as saying only two things are certain in life: death and taxes. While this quote rings true, it can be assumed Franklin didn’t predict some entities would be handed a tax bill of $71 million […]


Construction Processes, Financial

Search for housing affordability drives growth in the suburbs

May 24, 2017

Via: Construction Dive

For many years, the industry expected millennials to gravitate toward cities, but that hasn’t necessarily been the case, as nearly 50% live in the suburbs and 20% live in rural areas, according to Zillow. Amid skyrocketing home prices, the suburbs […]


Construction Processes, Financial

New-home sales fall back in April

May 24, 2017

Via: Construction Dive

April’s wearker-than-anticipated new-home sales report follows a strong March, which was the best month for new-home sales since July 2016. One driver of that growth was a mild winter that allowed crews to get to work sooner putting up new […]


Construction Processes, Financial

Tax reform could raise taxes on middle-class homeowners

May 23, 2017

Via: Construction Dive

The Trump administration has promised sweeping tax breaks and increased defense and infrastructure spending — pledges that some analysts worry could drive up the national debt sharply. Rumors earlier in 2017 anticipated the possibility of President Donald Trump attempting to […]