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Tag: pandemic


Construction Processes, Financial

Lendlease reports $68M loss for full year, lowers construction outlook

August 23, 2022

Via: Construction Dive

Lendlease largely attributed its uneven performance to lasting impacts from the first years of the COVID-19 pandemic, restructuring and pulling out of non-core work. Lombardo highlighted Lendlease’s investments and work in progress. “We made significant progress in resetting our company […]


Construction Processes, Financial

Inflation will persist through 2023 even if pandemic fades, economist says

January 31, 2022

Via: Construction Dive

Fed policymakers Wednesday signaled their intention to reduce price pressures by raising the federal funds rate from a record near-zero low at their next meeting on March 15-16. “We’re committed to our price stability goal,” Fed Chair Jerome Powell said […]


Sustainability

Public contractor backlog weathers ups, downs during the pandemic

December 13, 2021

Via: Construction Dive

While COVID-19 had an impact on backlogs across the construction industry, some public companies performed better than others. When a company failed to grow its backlog, it was often because it worked for a sector that was struggling. “The primary […]


News

How these public contractors’ backlogs changed during the pandemic

December 9, 2021

Via: Construction Dive

When Adam Thalhimer, director of research at Richmond, Virginia-based investment advisor Thompson Davis & Co., evaluates the financial health of a public construction firm, earnings is always his first consideration. But backlog isn’t too far behind. In fact, Thalhimer said […]


Sustainability

Construction’s career crisis: Keeping workers on site and in the industry

November 1, 2021

Via: Construction Dive

Quite simply, many people aren’t aware of the career they could have in construction. That’s a large reason experts say construction is struggling to find and keep workers who build careers, rather than just work jobs. Since the COVID-19 pandemic, […]


Sustainability

The Construction Industry’s Rocky Road to Recovery

October 27, 2021

Via: ConstructConnect

We’re a little over a year and a half into the COVID-19 pandemic and the construction industry, like many other industries, is maneuvering several obstacles on its road to recovery. I think it’s important that we take time to understand […]


News

U.S. Put-in-Place Construction Spending Picking Up M/M

September 3, 2021

Via: ConstructConnect

The latest (July 2021) U.S. put-in-place construction spending numbers from the Census Bureau are shown in Table 1 below. Year to date, the grand total is +6.2% (from the not seasonally adjusted/NSA column), but the decent-sized increase is only because […]


News

Mixed-use project near San Francisco stays on schedule with steel framing approach

September 2, 2021

Via: Construction Dive

The development was deemed essential despite the shelter-in-place orders in California during the height of the pandemic. As construction work continued, the project team partnered with Prescient, maker of a pre-designed and pre-engineered framing system. With this system, the project […]


News

New Flyovers Will Loosen Knot at ‘Speedway Bowl’

August 31, 2021

Via: ENR

A notoriously slow Southern Nevada interchange has the ironic distinction of being a neighbor to the Las Vegas Motor Speedway. Soon, however, motorists, while not reaching NASCAR speeds, will be able to zip through the connection of Interstate 15 and […]


Sustainability

5 roadblocks that could slow construction’s recovery

August 6, 2021

Via: Construction Dive

The nation’s construction industry, coupled with professional architects and engineers, play a significant role in the economic wellbeing of the U.S. economy. According to Federal Reserve Bank statistics, construction accounted for 4.3% of our GDP over the past 12 months. […]


News

Construction employment trails pre-pandemic level in 39 states

July 19, 2021

Via: Building Design + Construction

Construction employment in June remained below the levels reached before the pre-pandemic peak in February 2020 in 39 states, according to an analysis by the Associated General Contractors of America of government employment data released today. Association officials noted that […]


News

How Suffolk Construction is emerging from the pandemic

June 11, 2021

Via: Construction Dive

Suffolk Construction, like many general contractors with a national footprint, saw the uneven impacts of COVID-19 as it hit different regions of the country firsthand. In its hometown of Boston, where former Mayor Marty Walsh shut down all jobsites quickly […]


Construction Processes, Financial, Legal

California governor proposes $5.1B in drought-mitigation infrastructure projects

May 21, 2021

Via: Construction Dive

The drought response proposal is part of Newsom’s California Comeback Plan, a $100 billion investment to help the state recover from the effects of the coronavirus pandemic. The plan includes expanded tax rebates for two-thirds of Californians and aid for […]


News

The 12 most expensive US cities for construction

April 16, 2021

Via: Construction Dive

Construction’s recovery from the COVID-19 pandemic will vary greatly by city, but will most likely begin this year, a new report from construction management firm Cumming says. The company’s Q1 construction market analysis predicts that the industry’s resurgence will return […]


News

Construction employment in January lags pre-pandemic mark in 42 states

March 16, 2021

Via: Building Design + Construction

Construction employment in January remained below pre-pandemic levels in all but eight states, according to an analysis by the Associated General Contractors of America of government employment data released today, while more firms have reduced headcount than have added to […]


Construction Processes, Financial

Top U.S. retailers put the brakes on construction spending

November 30, 2020

Via: Construction Dive

The coronavirus pandemic has been one more nail in the coffin for some of the country’s top brick-and-mortar retail brands. In the first eight months of 2020, 66 brands closed 13,262 stores — more than in all of 2019 — […]


Construction Processes, Financial, Legal

SBA, Treasury unveil simplified PPP forgiveness documents

October 15, 2020

Via: Construction Dive

The streamlined forgiveness process will affect 3.57 million of the 5.2 million loans originated under the program, which aimed to help small businesses weather the economic hardship brought on by the coronavirus pandemic, according to the SBA. Approximately $62 billion […]


Construction Site Safety, Hazards

OSHA: Employers have 8 hours to report work-related COVID-19 deaths

October 6, 2020

Via: Construction Dive

OSHA in May outlined COVID-19 recording requirements but the most recent update addressed reports made directly to the agency. Overall, OSHA has declined to introduce strict, sweeping measures in response to the novel coronavirus pandemic. In fact, a group of […]


Sustainability

Construction’s Human Resources Specialists Become Key Agents of Change

September 16, 2020

Via: ENR

Six months after the coronavirus pandemic first shuttered offices across the U.S., contractors and design firms have, for the most part, settled into the “new normal.” With distancing and other safety protocols implemented at jobsites, some firms have returned to […]


Construction Techniques, Sustainability

Embracing Technology in The Pandemic and Beyond

September 1, 2020

Via: ENR

Many industries have benefited from mobile solutions to help streamline projects, increase efficiency and improve collaboration among teams, from the field to the office. But construction companies have been notoriously slow to adopt new approaches, in part because of the […]