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Impact of High-Risk, Large-Scale Projects The increasing scale of infrastructure projects is one critical factor. Some companies have backed away from bidding on projects due to concerns about mitigating the risks involved, including attracting and retaining skilled labor.
The proposal comes as Congress begins work on the next surface transportation reauthorization, which will replace the Infrastructure Investment and Jobs Act when it expires in 2026. The proposed legislation could significantly lower the cost of public infrastructure construction in New York, according to the AGC.
If developers and building managers want to ensure steady continuity all year round without any prevalent setbacks and minimal risks, they must ensure their site is equipped with sufficient security measures that protect valuable assets and maintain worker safety. Construction site security is critical to any building project.
In this guide, we’re taking a practical look at how these contracts work, what they should cover, and how they’re used in real-world construction across the US and Australia. If you’re managing crews, working with subs, and wondering how to handle general contractor markup , this is the foundation you can’t skip. In the U.S.,
(NYSE: FCN) today announced the addition of Paul Hirst and Jorge Martnez Seara as Senior Managing Directors in the firms global Construction, Projects & Assets practice. Mr. Hirst and Mr. Martnez Seara continue the growth of the firms Advisory & Transformation offerings across EMEA. The arrival of Mr.
From floors failing before substantial completion to skyrocketing change orders for never-ending densifier applications to the billions lost through delayed schedules, legal disputes, and contingency hemorrhaging, enough is enough. How can a specifier reject a work result that is both allowed and not allowed?
In today’s fast-evolving technological landscape, combining Building Information Modelling (BIM) and Geographic Information Systems (GIS) is changing how we analyze and use 3D data. It’s widely used in urban planning, environmental management, and transportation.
For most builders working on larger or bank-financed projects, the SOV acts as a must-have document that breaks down the total contract amount into detailed line items in construction financial management. A typical schedule of values includes: Work Line Items Each major phase or division of work is listed as a separate line item (e.g.,
More than one in five construction workers globally (22%) have experienced harm at work in the last two years. Only two in five (39%) have undertaken occupational safety and health training about risks related to their work. However, this is significantly impacted by the region where people live and are employed.
Big news for contractors working on publicworks projects in Georgia! This change, effective July 1, 2025, could simplify things for smaller public projects and impact your bid strategies. John LaHood Effective Date: July 1, 2025 What’s Changing with HB 137? Victor Anderson Rep. Eddie Lumsden Rep.
A walk past any construction site today shows cranes, concrete, and crews hard at work. Reviews work as social proof for builders who often struggle to show finished work that may be miles away or hidden behind walls. Banks and insurers also peek at ratings when deciding credit terms, seeing them as a quick pulse on risk.
If you’re in the construction industry and want to keep a closer eye on your company’s financial management to improve your bottom line, this guide is for you. Unlike traditional accounting, it has many moving parts and specific financial management needs. Here’s a quick overview of what you need to know.
Contractors who want to work in Boston, Massachusetts, need to know about local and state licensing rules. The Massachusetts Office of Consumer Affairs and Business Regulation (OCABR) manages this process. City-Specific Note: Contractors in Boston often have to meet stricter local rules when they work on historic or high-risk projects.
Working on job sites comes with risk whether it’s damage to a client’s property or someone getting hurt. Contractors liability insurance steps in when those risks become real costs. This applies to non-employees, clients, visitors, or anyone not working under your payroll.
The post The Hidden Cost of Pests on Construction Sites: Delays, Damage & Legal Risk appeared first on UK Construction Blog. Construction Pest Control: The Hidden Cost of Pests on Site Delays, Damage & Legal Risk You Can Avoid If youve ever worked on a building site , youll know theres rarely a quiet moment. Think again.
Of the 10 ESG topics covered by the standards, only one—climate change—is required. Regulation remains top of mind and yet for many companies, it offers a supporting—not a primary—driver for the accounting, decarbonization, and riskmanagement efforts already in progress. And the next best time to start is now. and Canada.
That reluctance, in many cases, stems from widely held misconceptions and myths about AI in the context of EPC project management. For instance, Natural Language Processing (NLP)-based AI can analyze contractor reports or change orders to identify potential schedule impacts or cost implications, even if the data isnt fully standardized.
New legislation aiming to modernise the UKs public procurement system doesnt come along very often. The Procurement Act 2023 has been some time coming, after being subjected to delays since being announced by the previous government, which said it would be one of the biggest changes in UK procurement history.
Editor’s comment Anti-cartel enforcers warn of focus on public procurement using AI tools Editor Nick Barrett reports that the Competition and Markets Authority enforcement head has warned that it is using AI tools to spot evidence of collusive behaviour. Contracts Has Design & Build outlived its usefulness in a post-Grenfell world?
Sheryl Van Anne, Vice President and General Manager, M.A. With states such as Minnesota, Wisconsin and Illinois seeing sustained public and private investment, developers are prioritizing high-efficiency, highly amenitized buildings, says Sheryl Van Anne, vice president and general manager at Golden Valley, Minn.-based
of Environmental Protection is working at street level to manage stormwater. Earlier this year, DEP unveiled a citywide hydraulic model of its 7,500 miles of sewers, allowing engineers to simulate system performance during extreme weather and prioritize high-risk areas. While the MTA focuses underground, the city’s Dept.
—then known as Ryan Lumber and Coal—expanded in 1949 into owning, financing and managing the real estate that the coal and lumber company built. Barranco says real estate management, property management and capital markets functions are important parts of its business. works to foster long-term relationships with its clients.
These changes haven’t manifested uniformly across all project types or geographical areas. This scenario typically emerges when developers and public bodies pull back on capital expenditure due to economic uncertainty. Third, the public sector faces budget constraints that limit infrastructure ambitions.
The Treasury has released a working paper on the governments proposed 10-year Infrastructure Strategy that it says sits at the heart of its growth mission. It is intended to end the uncertainty over what work to expect from government that has dogged infrastructure suppliers for about as long as any of them can remember.
Rugged enough to work in inclement weather and on uneven ground conditions, a CivDot can mark up to 3,000 points per day. “We On the utility-scale solar projects we work on, being able to save time while maintaining high standards is a godsend,” Kelley Brown, Bechtel’s principal vice president U.S. Is this comment offensive?
From architectural blueprints to financial contracts, construction firms handle large volumes of sensitive data that, if exposed, could lead to competitive disadvantages, legal complications, or even security risks. Variety of digital redaction tools acts as a game-changing factor in developing document security for construction firms.
But times have changed! If you’re a construction professional, project manager, or urban developer, its time to think beyond the ordinary. If you’re a construction professional, project manager, or urban developer, its time to think beyond the ordinary. Embedded weather sensors to alert teams of harsh conditions.
Schiavone’s expertise includes tunneling, mass transit and subways, bridges and highways, deep foundations, marine work and water treatment plants. Picone focuses on publicworks, specifically in tunneling, hydraulic works and water infrastructure. Joe Sheehan, who previously worked as E.E.
The 13-member MFDA board unanimously approved the settlement, which reduces the risk of unknown legal costs and the delays that would result from litigation, MFDA said in a statement. The use of epoxy-coated rebar had been a matter of some concern to the public, Shockley added. specifically designed for climate-change adaptation.
Under a collaborative design-build delivery, Sundt and SCB came together in 2022 to begin work, with groundbreaking following in May 2023—less than 12 months between contract award and construction start. Concrete also means a lower risk profile and helps on schedule and quality. “It
CCBP connects industry and academia to address these issues head on, not through a talking shop, but by driving practical change through research and collaboration. It’s encouraging to see companies who normally compete working together for the benefit of the wider industry.” That’s why becoming a corporate partner of CCBP made sense.
Photo by Scott Blair/ENR July 23, 2025 Crews spread out across five construction sites are working to add a pair of tunnels under the Hudson River and nine miles of new passenger rail line to provide more reliable connectivity between New Jersey and New York City. to continue expansion of the minicity above the tracks.
Under a collaborative design-build delivery, Sundt and SCB came together in 2022 to begin work, with groundbreaking following in May 2023—less than 12 months between contract award and construction start. Concrete also means a lower risk profile and helps on schedule and quality. “It
The 13-member MFDA board unanimously approved the settlement, which reduces the risk of unknown legal costs and the delays that would result from litigation, MFDA said in a statement. Its 30-mile-long channel is the first public-private partnership done in conjunction with the U.S. specifically designed for climate-change adaptation.
Financing relies entirely on private investment rather than public funding, with the club exploring strategic partnerships to fund the £2 billion development whilst managing existing debts of over £1 billion. This diversified approach reduces financial risk and provides investors with a more stable return on their investment.
Toll Brothers is acting as managing member and development lead for the project, overseeing approvals, design, construction, and sales. Bank OZK is delighted to finance another project for a quality sponsor like Toll Brothers and its partner Daiwa House,” said Dave Sarner, Managing Director of Originations at Bank OZK.
July 7, 2025 Ryan Lamb General Manager, Mission Critical The Weitz Co. Ryan Lamb General Manager, Mission Critical, The Weitz Co. Weitz works hard to identify and mitigate these sorts of risks,” he says. Lamb says public sector projects remain steady and reliable. “We Photo Courtesy of The Weitz Co.
It mainly focuses on structural and fire safety within design and construction of residential buildings – distinguishing high risk buildings (HRBs) of 18 metres in height or 7+ storeys high from non-HRBs. Some sectors even risk entering a recession, especially where the delays are exacerbating cash flow pressures.
The suspension letter cited concerns over local fisheries, sediment toxicity and flood‑risk impacts. Under the NEPA process, the Corps released a draft Environmental Impact Statement on March 5, 2021, held public scoping meetings April 6–8, 2021, and published its final EIS and restoration plan on Sept. 23, 2022. Louisiana Gov.
We are very proud” to have worked on the project, says Mario Pierobon, Lot 2 contract manager with Fisia Italimpianti. Pierobon has worked on the program since its inception. It will also expand sanitation access to 1.5 million additional residents across 14 municipalities. “We
Companies and employers need to work to ensure that employees are using these safety practices in their routines at work. It is essential to have supervisors or safety officers regularly assess working conditions, inspect equipment, and monitor whether employees are following safety protocols.
According to Dodge Data & Analytics, total construction starts are expected to continue a multiyear rise in 2025 driven recently by non-building categories such as publicworks and electric utilities. Commercial developers are also cautious, with financing costs and lender risk concerns slowing many projects,” he adds.
Published June 18, 2025 Sebastian Obando Reporter post share post print email license Construction crews work on Amazon’s mid-Atlantic region data center in Loudoun County, Va., For example, Microsoft, one of the biggest backers of the data center construction boom, recently paused work on both its $1 billion data center in Ohio and its $3.3
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