Fri.May 31, 2024

article thumbnail

Utilizing The Power Of Financial Modeling In The Construction Industry

Contractor Bookkeeping

In the ever-evolving world of construction, financial modeling is a game-changer. It drives intelligent decision-making, minimizes risks, and ensures the revenue health of projects. Crafting precise and insightful financial models is a valuable tool for construction companies. It offers a panoramic view of the asset landscape and enables proactive planning and strategic management.

article thumbnail

CBNA, Halmar break ground on $819M stormwater tunnel in Washington

Construction Dive

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

329
329
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

1.5M Housing Units Need to Be Added to Balance US Housing Market

The Pro Builder

1.5M Housing Units Need to Be Added to Balance US Housing Market csweeney Fri, 05/31/2024 - 11:55 The housing market will likely see challenges persist if inventory isn’t added to accommodate growing demand Although housing inventory across the U.S. has increased over the last few years, recent data indicates builders still have a long way to go before they meet demand.

263
263
article thumbnail

Consigli acquires Lendlease’s New York, New Jersey construction operations

Construction Dive

The sale includes about 45 current, under contract and pre-construction projects, along with the majority of the Australian-based contractor’s U.S. workforce.

Contracts 320
article thumbnail

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 This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight.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.

article thumbnail

Construction Begins on DSRT Surf Resort in the Inland Empire

Civil + Structural Engineer

Designed by AO and developed by Beach Street, the 17-acre destination will be California’s first to offer man-made surf waves open to the public Palm Desert, Calif. – Last week marked a significant milestone for wave-seekers and surf enthusiasts as construction began on the highly anticipated DSRT Surf Resort. This 17-acre AO-designed destination in Palm Desert, developed by Beach Street Development & Operations, will be California’s first facility to offer man-made surf waves open to the p

More Trending

article thumbnail

MILESTONE ACHIEVED IN CONSTRUCTION OF CLYDE CROSSING BRIDGE IN RENFREWSHIRE

Civil + Structural Engineer

H&H, in partnership with Roughan & O’Donovan (ROD), marks a significant milestone in the construction of the Clyde Crossing Bridge in Renfrewshire, Scotland. The north leaf was shipped from Arendonk, Belgium, to Vlissingen, Netherlands, and travelled by barge to Renfrewshire. Recently, the second section was floated into place using SPMTs (self-propelled modular transporters).

article thumbnail

May 2024 wins: Contractors report their latest awards

Construction Dive

Construction Dive rounds up the newest project wins from some of the country’s biggest builders including Granite, Flatiron and Tutor Perini.

167
167
article thumbnail

How to Boost Construction Equipment Efficiency with CMMS?

Prodyogi

Alright, let's talk construction. You know, where every hammer swing and concrete pour needs to be on point. It's a world where time is gold, and everything needs to fit together just right. That's why managing construction gear is like the secret sauce for success. Whether you're building a giant skyscraper or your dream home, you've got a ton of heavy machinery doing the heavy lifting.

article thumbnail

Skanska tops out NC State STEM building

Construction Dive

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

167
167
article thumbnail

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.

article thumbnail

FEMA Announces Additional $300M for National Flood Insurance Program

The Pro Builder

FEMA Announces Additional $300M for National Flood Insurance Program csweeney Fri, 05/31/2024 - 10:07 In total, $660 million in funding has been allocated to strengthen infrastructure in the US The Federal Emergency Management Agency (FEMA) recently announced an additional $300 million in Swift Current funding, an initiative aimed at helping National Flood Insurance Program policyholders recover from flooding.

article thumbnail

Oil and Gas Digital Twin Technology and Generative AI

Safety Services Company

The world’s energy demands continue to rise, particularly in the Oil and Gas industry. This creates a growing need to embrace sustainability and optimize operations with innovative technlogies. Exploring the integration of Oil and Gas Digital Twin technology in this sector not only highlights advancements but also sets the stage for significant operational transformations.

article thumbnail

Despite Having Nondiscriminatory Housing Laws, LGBTQ+ Community Still Can’t Afford Homes in These Areas

The Pro Builder

Despite Having Nondiscriminatory Housing Laws, LGBTQ+ Community Still Can’t Afford Homes in These Areas csweeney Fri, 05/31/2024 - 12:04 In cities where LGBTQ+ people make up the largest share of the adult population, less than 10% of homes are affordable While many areas have nondiscriminatory housing laws in place, members of the LGBTQ+ community may still not be able to find attainable housing in these locales.

Surveying 130
article thumbnail

Labour plots public energy company based on renewables funded by oil and gas firm tax

New Civil Engineer

The Labour Party has pledged to set up a publicly owned energy company focused on building UK renewables within months of coming into power if it wins the General Election. The post Labour plots public energy company based on renewables funded by oil and gas firm tax appeared first on New Civil Engineer.

article thumbnail

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.

article thumbnail

Boosting Construction Productivity with AR

AEC Business

In this episode of the AEC Business Podcast, host Aarni Heiskanen interviews Alexander Sidorov, the COO at Gamma Technologies, a company specializing in visualizing BIM models on construction sites. With a background in corporate finance, Alexander shares insights into his transition to construction technology. He discusses his experience working on various projects, from cryptocurrency exchanges […] The post Boosting Construction Productivity with AR appeared first on AEC Business.

52
article thumbnail

Under 30 All-Stars of 2024

The Contractor Magazine

Where are the young people entering the plumbing trade? They're here! Meet three young tradesmen and hear their stories of success.

Plumbing 109
article thumbnail

Volvo's new EC230 is largest electric excavator on U.S. market

Equipment World

Volvo CE announced the 23-metric-ton excavator's market launch at Advanced Clean Transportation (ACT) Expo in Las Vegas.

article thumbnail

Static Equipment Engineer: Job Description, Career Paths, and Job Opportunities

Construction Placements

Static Equipment Engineer: Job Description, Career Paths, and Job Opportunities Explore the vital role of a Static Equipment Engineer, their responsibilities, skills, career paths, and job opportunities. Learn about industry trends and professional development opportunities that can elevate your career in static equipment engineering. The post Static Equipment Engineer: Job Description, Career Paths, and Job Opportunities appeared first on ConstructionPlacements.

article thumbnail

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.

article thumbnail

Carillion collapse left council with £13.5m defects bill

Construction News

Oxfordshire County Council has had to spend more than £13m on fixing defects in buildings once worked on by Carillion. The council found problems with dozens of schools that required remediation in the years following the company’s collapse, the BBC reported yesterday. Carillion was the… The post Carillion collapse left council with £13.5m defects bill appeared first on Construction News.

105
105
article thumbnail

Construction Engineering Specializations: A Comprehensive Guide

Construction Placements

Construction Engineering Specializations: A Comprehensive Guide Discover the diverse specializations in construction engineering, from civil and structural engineering to green building and smart city technologies. Learn about the roles, responsibilities, and career opportunities in each area. The post Construction Engineering Specializations: A Comprehensive Guide appeared first on ConstructionPlacements.

article thumbnail

Monthly mergers: Biggest engineering partnerships and acquisitions in May 2024

New Civil Engineer

In the first of our new monthly round-up of partnerships, mergers and acquisitions in the engineering sector, we have news from Mott MacDonald, Stantec, Turner & Townsend and more. The post Monthly mergers: Biggest engineering partnerships and acquisitions in May 2024 appeared first on New Civil Engineer.

article thumbnail

Top 50 HVAC Engineer Interview Questions and Answers

Construction Placements

Top 50 HVAC Engineer Interview Questions and Answers Get ready for your HVAC engineer interview with this comprehensive list of the top 50 questions and answers, tailored for both freshers and experienced professionals. The post Top 50 HVAC Engineer Interview Questions and Answers appeared first on ConstructionPlacements.

article thumbnail

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.

article thumbnail

A Letter from the Editor: Q2 2024

Civil + Structural Engineer

Solar Eclipses, Rising Stars, and Drones By Luke Carothers, Editor-in-Chief, Civil+Structural Engineer Media We are just days away from our second quarterly publication of Civil+Structural Engineer Magazine. For the first time, this special issue will contain both the winners of the 2024 Engineering Drone Video of the Year (EDVY) competition and Zweig Group’s Rising Stars Award.

article thumbnail

Election 24: Builders’ federation urges wide-ranging government action

Construction News

The next government should fund building-safety remediation works, abolish retentions and ban late-paying firms from winning public sector jobs, according to the National Federation of Builders (NFB). In its Supporting Construction to Power Growth manifesto, released yesterday (30 May), the industry body also urges a… The post Election 24: Builders’ federation urges wide-ranging government action appeared first on Construction News.

article thumbnail

Snowy 2.0 | Engineers working to remove TBM trapped in ‘very hard’ rock for two weeks

New Civil Engineer

Engineers on Australia’s Snowy 2.0 pumped hydro scheme are using high-pressure water jets in attempts to free a tunnel boring machine (TBM) that has been stuck for over two weeks. The post Snowy 2.0 | Engineers working to remove TBM trapped in ‘very hard’ rock for two weeks appeared first on New Civil Engineer.

article thumbnail

New York City Hires Thornton Tomasetti to Review Facade Inspection Program

ENR Construction

City officials are considering changes to its program, known as Local Law 11, as part of an effort to remove sidewalk sheds.

article thumbnail

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.

article thumbnail

Find Your Best Remodeling Contractor in Vancouver

Civil Engineer Blog

Service Group Construction is a reputable, high quality building contractor in the Vancouver, WA/Portland, OR Metro area, with over 20 years experience in all aspects of home construction, renovation and remodeling. Kitchen remodeling, bathroom remodeling, roofing or a completely new building or addition can all be done professionally, and within the agreed budget.

article thumbnail

Tips for Successful R&D Project Communication

AEC Business

Project clients, end-users, influencers, students, funders, and the media all impact the ultimate success of an R&D project. How can you consider them in your communication and communicate effectively? My company, AE Partners, helps built environment R&D projects succeed through communication. Here are a few tips that we’ve found useful for your next R&D project!

article thumbnail

Norway to Seek Bids for World's First Large Ship Tunnel

ENR Construction

The mile-long tunnel could provide cruise ships with a safe route through a peninsula to avoid rough waters.

73