Sources: Portland Cement Association, Washington, D.C.; CP staff
Initial reports find Sen. Bob Corker (R-TN) and Sen. Chris Murphy’s (D-CT) call for an increase in federal gasoline and diesel taxes—aimed at shoring up the Highway Trust Fund (HTF) longer term while preventing potential road construction work stoppages this season—will spur a $164 billion increase in HTF revenues.
Sources: Design-Build Institute of America (DBIA), Washington, D.C.; CP staff
Research indicates that more than half of construction projects above $10 million are being completed through design-build, the highest level yet for the delivery method offering an alternative to traditional competitive bid-build. A new DBIA report, “Design-Build Project Delivery Market Share and Market Size,” also finds that use of design-build had remained steady since a growth spike at the end of the last decade, and remains especially high in military projects.
Source: Meadow Burke, Tampa, Fla.
Meadow Burke has closed on Bowco Industries, crediting the Canby, Ore., company for customer service, high-quality design, and setting “the standard for precision-engineered products for the utility and underground precast industry,” and bringing “Meadow Burke another facet of revolutionary advantage of any other company in the industry.”