Construction Industry News

The Washington State Department of Transportation (WSDOT) has announced the award of a design-build contract to start construction on the I-405, Renton to Bellevue Widening and Express Toll Lanes project. More information here. 

The LaGuardia Airport Central Terminal Building (CTB) Replacement Project is the first project to earn “Envision” recognition under Envision v3—the latest iteration of the Envision sustainable infrastructure framework developed and managed by the Institute for Sustainable Infrastructure (ISI), indicating the project delivered a heightened range of social, environmental, and economic benefits to the host and affected communities. Project details here.  

Hino ushered in a new era of manufacturing capability at the company during a grand opening ceremony that was attended by West Virginia Governor Justice, Senators Manchin and Capito, Congressman McKinley, local government officials, dealers, customers, suppliers and media. More about the ceremony and new facility here. 

During the first half of 2019, six of the top 10 United States metropolitan markets for commercial and multifamily construction starts ranked by dollar volume registered greater activity compared to a year ago, according to Dodge Data & Analytics. Of the top 20 markets, 13 were able to register gains. Details here. 

The Latin American construction industry continues its recovery and will see a modest strengthening in growth in 2019 with the expectation of a more robust expansion in 2020. Details of the growth here. 

A team of UCLA engineers has received a $1.5 million grant from the National Science Foundation to develop 3D-printed concretethat incorporates carbon dioxide, a greenhouse gas, as part of a binder. Details on this green building product here. 

The new 5-year forecast from the American Rental Association (ARA), updated in August, calls for equipment and event rental revenues in North America to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in Canada. The latest forecast is ARA’s first to project rental revenue for 2023. Details on the current figures here. 

For the architecture, engineering and construction industry, 2018 was a banner year where mergers and acquisitions were concerned.

With the government set to continue to invest in the development of the country’s infrastructure, particularly its transport networks, Singapore will remain a world leader in terms of the quality of its infrastructure, says GlobalData. Details here. 

Global infrastructure construction is forecast to grow by 4.8% on an annual average basis in real terms between 2019 and 2023. Details of the study and Trump's contribution here. 

The United States Department of Labor’s (DOL) Occupational Safety and Health Administration (OSHA) is requesting information and comment on Table 1 of the agency’s Respirable Crystalline Silica Standard for Construction. Details here. 

The infrastructure award will complete the first 9-mile segment to Pomona for $805.6 million with an option to extend to Montclair if additional funding is secured by September 2021. 

Fluor Corporation has announced tthat its joint venture with United Infrastructure Group Inc. was selected by the North Carolina Department of Transportation (NCDOT) to widen and improve a 7.5-mile stretch of Interstate 26 from Exit 40 (North Carolina 280/Airport Road) to the I-40 interchange in Asheville, North Carolina. Fluor will book the $263 million contract in the third quarter of 2019. Details here. 

Birmingham, Alabama (Aug. 15, 2019)—Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Procore.

BIRMINGHAM, Ala. (Aug. 8, 2019)—Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with InEight.        

The live, online event, "ROI Now,” will take place Sept. 19, 2019, at 2 p.m. EDT. Registration is free at constructionbusinessowner.com/webinars.

 Overall, confidence in the equipment finance market is 58.9, an increase from the July index of 57.9. According to Valerie Hayes Jester, president, Brandywine Capital Associates, said, “All indicators point to the continued strength of the economy in spite of trade and tariff wars. The recent drop in the fed funds rate continues to put the spotlight on rates and historically low margins. As certain sectors of the economy are affected by policy changes, we could experience changes in equipment finance demand.”  

Former President Barack Obama will speak at the Wednesday keynote of the 2019 Greenbuild International Conference and Expo. This year’s conference will take place Nov. 19-22 in Atlanta, Ga. at the LEED Gold Georgia World Congress Center. Registration is now open. Details here.

The Council on Tall Buildings and Urban Habitat (CTBUH) has announced the full program for their 10th World Congress, which will be held in Chicago, Illinois, from Monday, Oct. 28, to Saturday, Nov. 2, 2019. Details here.
 

The new ACI 318-19 Building Code Requirements for Structural Concrete contains some of the most significant technical changes since the 1971. Seminars will feature face-to-face interaction with highly recognized speakers, and attendees will receive a free copy of the ACI 318-19 code and presentation handouts.

We’re in the thick of hurricane season for the country’s coastal states, but storms and resulting floods have already cost the United States approximately $1.2 billion in damages, according to the Associated Press (AP). The data was pulled from preliminary assessments of public infrastructure categories by the Federal Emergency Management Agency (FEMA).