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Lawmakers’ water infrastructure proposal runs deep

Sources: U.S. Senate Committee on Environment and Public Works; CP staff

Senators John Barrasso (R-WY), Tom Carper (D-DE), Jim Inhofe (R-OK) and Ben Cardin (D-MD), the respective chairmen and ranking members of the Environment and Public Works Committee and its Transportation and Infrastructure Subcommittee, have introduced America’s Water Infrastructure Act of 2018 with an eye to:

Read more: Lawmakers’ water infrastructure proposal runs deep

Economist confirms largest construction materials price surge in seven years

Sources: Associated Builders & Contractors, Washington, D.C.; CP staff

Prices for inputs to construction materials expanded 1.3 percent in April and are 6.4 percent higher than at the same time one year ago, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data. The figures are the largest respective month-over-month and year-over-year increases since 2015 and 2011. 

Read more: Economist confirms largest construction materials price surge in seven years

CRH chief measures company’s unique leverage in sustainability movement

Sources: CRH Plc, Dublin; CP staff

“With global population expected to reach 9.8 billion by 2050, the way people interact with buildings, infrastructure and cities will change. CRH is leading the way through innovation to help shape the structures of the future, in collaboration with our valued customers and partners,” notes Albert Manifold, chief executive of the Oldcastle Inc. parent company in “Creating a Sustainable Built Environment – CRH Sustainability Report 2017.”

Read more: CRH chief measures company’s unique leverage in sustainability movement

Summit Materials closes on Day Concrete, Superior RM

Sources: Summit Materials Inc., Denver; CP staff

In a review of first quarter financials reflecting weather-hampered aggregates, cement and concrete shipments, Summit Materials notes the recent closing of two bolt-on transactions consummated in April: Day Concrete of Ardmore, Okla., and Superior Ready-Mix of Somerset, Ky. The producers are strategic to platform businesses, RK Hall Construction and Hinkle Contracting, serving the respective market areas of north Texas, Oklahoma and Arkansas, plus Kentucky. 

Read more: Summit Materials closes on Day Concrete, Superior RM

Trimble consolidates project lifecycle presence in Viewpoint deal

Source: Trimble, Sunnyvale, Calif.

Trimble has announced a definitive agreement to acquire construction management software specialist Viewpoint for $1.2 billion in cash. Complementary to the e-Builder business, another recent acquisition, Viewpoint will extend Trimble's ability to support more complete and integrated project, jobsite and business workflows across the construction lifecycle.

Read more: Trimble consolidates project lifecycle presence in Viewpoint deal