Wed.Oct 16, 2024

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Despite elevated fears, contractors still lack cyber insurance

Construction Dive

Participants in a Travelers survey ranked cyber threats as their top concern for the fourth time in six years.

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Construction Input Prices Down in September

Construction Superintendent Magazine

Construction input prices decreased.9% in September compared to the previous month, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also decreased.9% for the month. Prices decreased in two of the three energy subcategories last month.

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Family of employee killed in Baltimore work zone sues contractor, drivers

Construction Dive

In March 2023, motorists killed six construction workers on I-695. Now one of their families is suing the drivers, the state and the road builder.

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Mortgage Credit Availability Dropped During September

The Pro Builder

Mortgage credit availability decreased in September, according to the Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI). Due to tighter lending standards, the index dropped by 0.5% to 98.5. The MCAI, benchmarked at 100 in March 2012, shows that a decline reflects stricter credit, while an increase indicates easier access. In September, the Conventional MCAI fell 1.7%, the Jumbo MCAI dropped by 2.6%, while the Conforming MCAI stayed the same.

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How Top Firms Protect Margins in Costly Construction Markets

Construction companies face shifting labor markets, volatile material pricing, and global supply chain disruptions that threaten profitability. This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight. Learn how to deploy workforce agility, connected jobsite monitoring, automated procurement, and cost simulation models to preserve margin stability.

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To improve diversity, help people get in the room: VC leader

Construction Dive

Clelia Warburg Peters, managing partner of an $88 million fund, talks about the contech environment and welcoming different perspectives when they land on your doorstep.

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At Shawmut, DEI is anything but a passing fad

Construction Dive

Marianne Monte, chief people officer at the contractor where 35% of workers are women, talks about why Construction Inclusion Week is here to stay.

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Affordability Improves for Both Single-Family and Multifamily Renters

The Pro Builder

Affordability for renters appears to have improved month-over-month. According to housing market platform Zillow, the median U.S. rental household spends about 30% of their income on rent as of September 2024. This is typically the threshold for affordability, and anything over this can be difficult to afford. While the income needed to comfortably afford typical U.S. rent has risen 17.6% since September 2021 to $81,995, wages have grown at a similar pace, keeping rental affordability stable.

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Haselden opens Montana office

Construction Dive

The Denver-based contractor is expanding its reach beyond Colorado and Wyoming into the rapidly growing market around Bozeman.

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These Cities Spend the Most on Home Improvement

The Pro Builder

Home improvement spending surged during the COVID-19 pandemic, before leveling off in 2022, and then declining in 2023. According to Construction Coverage, the number of single-family home improvement loans peaked at nearly 745,000 in 2022 but dropped to 565,000 in 2023. However, spending patterns vary across the U.S. with factors such as economic conditions and cost of living playing a major role.

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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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Construction and AI: What Contractors Need to Know from ABC’s New Report

AEC Business

The Associated Builders and Contractors (ABC) has just released its fourth annual construction technology report, which dives deep into AI's evolving role in the construction industry. The post Construction and AI: What Contractors Need to Know from ABC’s New Report appeared first on AEC Business.

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Mortgage Credit Availability Drops in September

The Pro Builder

Mortgage credit availability decreased in September, according to the Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI). Due to tighter lending standards, the index dropped by 0.5% to 98.5. The MCAI, benchmarked at 100 in March 2012, shows that a decline reflects stricter credit, while an increase indicates easier access. In September, the Conventional MCAI fell 1.7%, the Jumbo MCAI dropped by 2.6%, while the Conforming MCAI stayed the same.

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How AI can augment the design visualization process

BDC Network

How AI can augment the design visualization process 0 qpurcell Wed, 10/16/2024 - 12:43 AEC Tech Blog author Tim Beecken, AIA, uses the design of an airport as a case-study for AI’s potential in design visualizations. Tim Beecken, AIA Airports Designers Architects AEC Tech Artificial Intelligence (AI) is rapidly becoming ubiquitous in our everyday lives.

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10 Trends to Take Away From the Housing Market Over the Last Year

The Pro Builder

The U.S. housing market has evolved in recent years, with impacts on homeowners and renters shifting along with it. Analyzing data from the Census Bureau’s recently released 2023 American Community Survey, the Joint Center for Housing Studies of Harvard University rounded up 10 trends that can be taken away from the housing market over the last year.

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How AI Reduces Cost, Safety, and Quality Risks in Construction Projects

Risk management in construction faces pressure from tighter margins, compressed timelines, and increasing complexity. This guide shows how AI strengthens project stability by predicting risks across cost, schedule, safety, supply chains, and workforce planning. AI algorithms analyze procurement data, subcontractor bids, equipment performance, and site conditions to identify potential disruptions.

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Elizabeth Line wins 2024 Stirling Prize for architecture

The Construction Index

The Royal Institute of British Architects (RIBA) has named the Elizabeth Line – Crossrail, as was – as the winner of the 2024 RIBA Stirling Prize.

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Are You up to Code?

The Pro Builder

Leviton AFCI outlets help protect your customers from the risk of fire.

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Transpennine Route Upgrade: green light for Leeds to Micklefield upgrade works

New Civil Engineer

Upgrades of the railway between Leeds and Micklefield as part of the Transpennine Route Upgrade (TRU) will go ahead following the granting of a Transport And Works Act Order (TWAO). The post Transpennine Route Upgrade: green light for Leeds to Micklefield upgrade works appeared first on New Civil Engineer.

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Safeguarding AEC Data: Best Practices and Insights from Egnyte’s Kevin Soohoo

AEC Business

In this podcast episode, Kevin Soohoo, Senior Director of Global AEC Practice at Egnyte discusses data security in the AEC industry, particularly in the context of AI. The post Safeguarding AEC Data: Best Practices and Insights from Egnyte’s Kevin Soohoo appeared first on AEC Business.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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How standards are being challenged on HS2’s Delta Junction viaducts

New Civil Engineer

Precast segmental viaduct construction for HS2’s Delta Junction required a challenge to long-established standards and led to the deployment of a UK-first installation method. The post How standards are being challenged on HS2’s Delta Junction viaducts appeared first on New Civil Engineer.

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Piling begins for Curzon Street Station

The Construction Index

HS2 contractors have begun piling work for the new Curzon Street Station in Birmingham.

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Komatsu unveils HD465-10 and HD605-10 dump trucks

Equipment World

The 60- and 70-ton trucks have more horsepower, improved fuel efficiency and enhanced driver assistance features compared to the -8 models.

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New aviation policy paves way for drone asset inspections beyond line of sight

New Civil Engineer

The UK’s aviation regulator has announced significant changes that will enable drones to operate beyond the visual line of sight (BVLOS) for infrastructure inspection and site security. The post New aviation policy paves way for drone asset inspections beyond line of sight appeared first on New Civil Engineer.

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How CMiC Helps Construction Teams Stay Ahead of Project Risk

CONSTRUCT™ by CMiC delivers structured project management built for the realities of construction. It brings together RFIs, submittals, drawings, and punch lists in a connected environment that prevents gaps in communication and documentation. Risk is managed in real-time with issue tracking, automated compliance checks, and daily journals that surface hidden patterns.

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PHCC Awards Its Highest Honor to Keith Bienvenu of Louisiana

The Contractor Magazine

Col. George D. Scott, the award acknowledges a PHCC member who has provided years of service and unselfish devotion to the association and to the industry.

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Hinkley Point C | Final 423t liner ring lifted into place on second reactor building

New Civil Engineer

Hinkley Point C has hit another milestone with the successful lift of the final 423t liner ring into place on the second reactor, which is being built 20-30% faster than the first. The post Hinkley Point C | Final 423t liner ring lifted into place on second reactor building appeared first on New Civil Engineer.

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Career Pathways for Civil Engineers in Australia: Skills, Trends, and Opportunities

Construction Placements

Career Pathways for Civil Engineers in Australia: Skills, Trends, and Opportunities Discover the dynamic career opportunities for civil engineers in Australia, including essential skills, latest industry trends, and emerging growth areas in 2024. The post Career Pathways for Civil Engineers in Australia: Skills, Trends, and Opportunities appeared first on ConstructionPlacements.

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Network Rail underspent by £99M on its accessibility programme during last five years

New Civil Engineer

Network Rail underspent by £99M and failed to complete 72 projects in its programme to make stations more accessible during Control Period 6 (CP6), 2019 to 2024. The post Network Rail underspent by £99M on its accessibility programme during last five years appeared first on New Civil Engineer.

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Every Contractor Needs An Effective Website - Unlock the Key to Increased Leads

Grow Leads & Visibility! Contractors need more than word-of-mouth. A strong website boosts visibility, draws in leads, showcases skills, and enhances your credibility. Learn how a quality site, that is easy to manage, can set you apart from the competition, and help can take your construction business to the next level. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry.

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Gympie Bypass opens to traffic

Roads Online

Image: minister.infrastructure.gov.au The $1.162 billion Federal and Queensland government-funded Gympie Bypass has opened to traffic, cutting travel times, improving motorist safety, and access and flood immunity. The project has included construction of a new 26-kilometres, four-lane divided highway between the existing Bruce Highway interchange at Woondum, just south of Gympie, and Curra in Queensland.

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Noventa buys Scottish Water heat-from-wastewater assets to improve district heating

New Civil Engineer

Noventa, a company based in Canada, has bought three heat from wastewater assets from from Scottish Water Horizons with intention to repower and improve them. The post Noventa buys Scottish Water heat-from-wastewater assets to improve district heating appeared first on New Civil Engineer.

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Administrators halt debt pursuit in collapsed contractor case

Construction News

Administrators of a £68m-turnover collapsed fit-out specialist have suspended their collection of outstanding debts following months of painstaking work. Following “several months of pursuing the remaining debts with no significant developments”, administrators for fit-out specialist Twenty 1 Construction have decided to suspend that work after… The post Administrators halt debt pursuit in collapsed contractor case appeared first on Construction News.

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