Welcome to our Construction Industry News page, where we bring you the latest updates on mergers and acquisitions, key new hires, and significant industry shifts. Stay informed with breaking news and in-depth reporting to keep up with the fast-paced changes shaping the construction business.
SAN FRANCISCO (November 19, 2015) - Fundbox recently released data findings on invoice payments from its platform. Based on data entered into the accounting and bookkeeping systems of tens of thousands of SMBs, the study revealed the widespread problem of late payments; 64 percent of small businesses are affected by late payments on open invoices.
APPLETON, Wis. (November 19, 2015) — Andrew Cardin, 22, of Sutton, Massachusetts, was recently awarded a $40,000 scholarship, sponsored by Miller Electric Mfg. Co., for earning the welding spot on the 2015 SkillsUSA World Team. The Miller Electric International WorldSkills Competition Scholarship was awarded through the American Welding Society (AWS) Foundation.
WASHINGTON (November 23, 2015)— The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1.046 trillion equipment finance sector, showed their overall new business volume for October was $7.7 billion, down 8 percent from new business volume in October 2014. Volume was down 8 percent from $8.4 billion in September.
RACINE, Wis. (November 23, 2015) - CASE Construction Equipment, the National Wildlife Refuge Association, the U.S. Fish & Wildlife Service and Team Rubicon teamed up for an equipment operator training and erosion abatement project at the Laguna Atascosa National Wildlife Refuge in Los Fresnos, Texas.
SAN FRANCISCO, Calif. (November 4, 2015) – BuildingConnected recently announced that it closed $8.5 million in Series A funding to bring the construction industry ridiculously easy tools to save time and money during the bidding process.
The investment was led by CrossLink Capital, with participation from existing investors Homebrew, Freestyle, Bee Partners and Brick & Mortar. With the $8.5 million investment, BuildingConnected has now raised a total of $10.7 million.
ATLANTA, Ga. (November 16, 2015) - Winter Construction has completed a 33,000 square-foot addition to the Chateau Elan Winery & Resort in Braselton, Georgia.
The two-level addition includes a ballroom with operable partitions, prefunction and service areas, restrooms, and storage and office space. The new Paris Ballroom features 20-foot ceilings, French chandeliers and an outdoor terrace.
MOLINE, Ill. (Nov. 15, 2015) - The American Rental Association (ARA) latest forecast calls for equipment rental industry revenue growth in the United States of 6.7 percent in 2016 and 2017, 6.2 percent in 2018 and 5.8 percent in 2019 to reach $48.7 billion.
LAS VEGAS (November 9, 2015) —The Gary E. Bird Horizon Award was presented at the 35th IRMI Construction Risk Conference to Jayme Mayo, physician assistant/wellness director, Nabholz Construction Corporation.
Mayo created and implemented the award-winning “Building a Healthy Workplace” loss control program that focused on the caring aspect of leadership. This initiative has had significant impact on the organization’s workers compensation costs since it was introduced.
WALNUT CREEK, Calif. (Oct. 28, 2015) – ClickSafety, a leading provider of online safety training for the construction and general industries, announced it will serve as the online safety training provider for the Hispanic Contractors Association de San Antonio (HCA de SA).
MILWAUKEE (November 9, 2015) – The Association of Equipment Manufacturers (AEM) announces the 2015 recipients of its grassroots advocacy awards for companies that have reached the highest level of activity in its I Make America campaign. A new Legacy longevity award joins the campaign’s Pillar of the Industry recognition program.
Terex Trucks has appointed Babcock International as the official distributor of its rigid and articulated haulers in Southern Africa. In addition to supplying new machines, Babcock will also provide parts and other essential aftermarket support services to customers in South Africa and neighboring countries.
Terex Trucks will support Babcock by providing a range of commercial and technical resources, including technician training to support the complete product range.
BROOKFIELD, Wis. (November 3, 2015) – CIO Review has named Penta Technologies to their annual list of the most promising oil and gas solution providers. Penta Technologies is a software developer serving oil and gas-related companies, including: engineering, procurement and construction (EPC) firms and a variety of contractor types supporting the oil and gas industry.
SAN DIEGO (November 3, 2015) – The California Field Ironworkers Training Trust leaders cut the ribbon on a new, $5.5 million apprenticeship training center in San Diego.
HOUSTON, Texas (November 4, 2015) — Hilco Industrial announced it will hold a public online auction of the oilfield and oil well support assets of HII Technologies Inc. HII, with operations in Texas, Oklahoma, Ohio and West Virginia, provided equipment and services to oil exploration and production companies operating horizontal drilling and hydraulic fracturing sites in the United States.
NEW YORK, N.Y. (October 28, 2015) - Wohlsen Construction Company announced a three-year partnership with FieldLens, a New-York-City-based developer of the construction industry’s leading mobile communication app. Wohlsen Construction is a merit-shop firm, providing construction management, general contracting and design/build services to clients throughout the Mid-Atlantic states, especially in the senior living, education, healthcare and commercial markets.
WASHINGTON, D.C. (November 3, 2015) – Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist David Crowe predicted continued construction industry growth in 2016 during a recent joint economic forecast web conference.
WASHINGTON, D.C. (October 29, 2015) – The American Institute of Architects (AIA) announced the launch of nine new contract documents.
WASHINGTON, D.C., (October 30, 2015) - September proved to be a good month for construction unemployment rates. The not seasonally adjusted (NSA) construction unemployment rates for the country and 48 states were down in September on a year-over-year basis. NSA jobs increased by 199,000 from September 2014 to September 2015.
Poll results are shown as a percentage of all survey responses.
