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Tag: public construction


Construction Processes, Financial

Public construction spending soars, but private projects still face hurdles

February 2, 2024

Via: Construction Dive

After 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 […]


News

NJ study finds wide disparity in public construction contracts

January 30, 2024

Via: Construction Dive

“The critical findings from this study will ensure the state is well equipped to address the inequities in public contracting opportunities faced by women-owned, minority-owned and service-disabled veteran-owned businesses,” said Gov. Phil Murphy, in the release. The state reviewed more […]


News

Private projects stall even as public construction spending jumps

August 2, 2023

Via: Construction Dive

Despite that positive outlook for public infrastructure jobs, others still see hurdles in that area. For example, a report from the Associated General Contractors of America warned some of the regulatory requirements associated with federal construction funding, such as incomplete […]


News

Public construction firms announce earnings

March 1, 2022

Via: Construction Dive

Large public construction firms made news in the first round of earnings reports for 2022. Several of these industry giants reported losses in their most recent financial periods while others saw profits fall. Corporate leaders cited a range of reasons […]


Construction Site Safety, Regulations

Why private construction jobs are requiring surety bonds, too

February 11, 2022

Via: Construction Dive

Public construction projects almost always require surety bonds. As a type of insurance, bonds protect the government if the wheels come off a project, or the contractor absconds with the funds. Indeed, bonding has been mandatory on federal public works […]


Construction Processes, Financial

5 strategies construction firms use to lower their taxes

July 8, 2021

Via: Construction Dive

A recent Construction Dive analysis revealed that public construction firms’ effective federal tax rates are among the lowest of any sector. The 19 largest profitable firms in the industry paid a collective 16.8% on their U.S. profits in federal taxes […]


Sustainability

Wall Street, public construction firms eager for Biden’s infrastructure push

February 2, 2021

Via: Construction Dive

The trend is developing as professional and individual investors alike game which publicly traded construction companies are likely to snare a windfall from Biden’s infrastructure push. While the plan is forthcoming, the president pegged it at as much as $2 […]


Sustainability

Florida to require sea level studies for coastal public construction projects

July 15, 2020

Via: Construction Dive

The Florida DEP’s rule will use a “systematic, interdisciplinary and scientifically accepted approach” and assess flooding, inundation and wave-action damage risks over the proposed structure’s expected life or 50 years, whichever is less. The assessment must take into account, among […]


Construction Processes, Financial

U.S. Construction Spending Hits All-Time Record High in April

June 1, 2018

Via: ConstructConnect

Construction spending rose to a record-high seasonally adjusted annual rate of $1,310.4 billion in April. This is a 1.8% increase from March’s estimate which was revised up from $1,284.7 billion to $1,286.8 billion. February’s estimate was revised up again from […]