Sources: Surety & Fidelity Association of America (SFAA), National Association of Surety Bond Producers (NASBP), Washington, D.C.; CP staff SFAA and NASBP endorse House legislation that will maintain essential payment protections for subcontractors, suppliers, and workers on federal construction contracts of $150,000 or more. Sponsored by Congresspersons Nydia Velasquez (D-N.Y.) and Byron Donalds (R-Fla.), H.R. 2949 exempts the threshold in…
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ACI adds Construction Volume, Public Good, Workforce statements
Source: American Concrete Institute, Farmington Hills, Mich. The American Concrete Institute has recently approved three new position statements, joining nine others on various topics supporting state, federal, and international programs, rules, and regulations, particularly those underpinning code development and adoption:
Read MoreClark Pacific tailors NetZero Building Platform to 2030 Challenge
Sources: Clark Pacific, West Sacramento, Calif.; CP staff Clark Pacific has launched the NetZero Building Platform, a complete prefabricated system for next-generation office buildings that prioritize the environment and occupant wellness, and help owners and designers meet the 2030 Challenge. The American Institute of Architects-endorsed Challenge calls for new projects and major building renovations to be carbon neutral—operating free of…
Read MoreNAHB Institute’s premier report tracks deep dearth of workers
Sources: Home Builder Institute, Washington, D.C.; CP staff The residential construction industry faces a shortfall of 200,000 skilled trades workers, according to the Home Builder Institute’s inaugural HBI Construction Labor Market Report. “This persistent challenge endangers the affordability and availability of housing and hinders a robust economic recovery,” affirms HBI CEO Ed Brady, noting how labor represents approximately 30 to…
Read MoreCemex helps charter IBM-powered OpenBuilt supply chain platform
Sources: IBM and Red Hat, Armonk, N.Y.; Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff Cemex and four European partners aim to develop OpenBuilt, a platform programmed to help securely connect fragmented construction industry supply chains and offer digital solutions to help innovate and drive more efficient, sustainable and safer projects. Part company, part ecosystem, OpenBuilt will function independently with…
Read MoreDodge Data and Blue Book Building & Construction Network merge
Source: Dodge Data & Analytics, Hamilton, N.J. Dodge Data & Analytics and the Blue Book Building & Construction Network are combining their businesses, affording current and prospective customers access to the industry’s leading platform for data insight, market intelligence, firm discovery and networking. The Dodge | Blue Book Construction Industry Database will embody the industry’s most complete, up-to-date and accurate…
Read MorePCA confirms industry’s stunning performance in the face of 2020 adversity
Sources: Portland Cement Association, Washington, D.C.; CP staff Thirteen months after pandemic panic and profound economic uncertainty compelled a guarded one- to three-year outlook for U.S. construction activity, the Portland Cement Association Market Intelligence Group reports that a key indicator of building and nonbuilding project volume grew year over year—a trend likely to continue in 2021 and 2022.
Read MoreSilicon Valley mid-rise marks second deployment for rebar-free SpeedCore
Sources: Level 10 Construction, Sunnyvale, Calif.; CP staff After a convincing 2019 debut on Seattle’s 58-story Rainier Square Tower, the SpeedCore Concrete-Filled Composite Plate Shear Wall system is being used for the 200 Park project in downtown San Jose, Calif. Silicon Valley general contractor Level 10 proposed the concept to developer Jay Paul Co. as a means of saving up…
Read MoreLead economist tracks pandemic’s waning effects on construction
Sources: Associated Builders & Contractors, Washington, D.C.; CP staff An Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics indicates that the construction industry added 110,000 jobs in March, bringing to 931,000 the number gained since April 2020, or nearly 84 percent of those jobs lost during the early stages of the Covid-19 pandemic. The construction unemployment rate…
Read MoreChamber construction survey finds favorable commercial market prospects
Source: U.S. Chamber of Commerce, Washington, D.C. Data from the first quarter U.S. Chamber of Commerce Commercial Construction Index reveals contractors are growing more optimistic, mostly driven by a rise in revenue expectations. They also have better outlooks on hiring and equipment spending plans as business concerns related to the coronavirus pandemic lessen.
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