Construction Industry News

ORLANDO—Workforce Logiq, a provider of workforce intelligence, technology and services (power by artificial intelligence (AI)) to l

The Construction Financial Management Association (CFMA) has made the decision to cancel its 2020 Annual Conference & Exhibition, scheduled for May 30 through June 3, 2020, in Washington, D.C.

Following cancellation of the ACI Concrete Convention in Rosemont/Chicago, Illinois, the American Concrete Institute has transitioned its popular spring convention into ACI Virtual Committee Days.

On Friday, Congress passed and President Donald Trump signed a historic $2 trillion economic stimulus package that will provide United States businesses and citizens with much-needed aid during the ongoing coronavirus pandemic.

In its annual report released last week, Bechtel Corporation profit results of $21.8 billion in 2019. The company's 2019 revenue marked a 14.5% decline from 2018. 

From Dodge Data & Analytics Chief Economist Richard Branch 

NATIONAL (March 24, 2020)—The past 2 weeks have seen an unprecedented shuttering of the United States economy. Our expectations on the impact of the coronavirus on the U.S. economy have been significantly downgraded with a growing realization that the U.S. economy is in recession.

WASHINGTON (March 20, 2020)—The American Institute of Architects (AIA) 2020 President Jane Frederick, FAIA, and Executive Vice President/Chief Executive Officer Robert Ivy, FAIA, are urging Congress to address the critical needs of business owners and employees during the COVID-19 pandemic.

NATIONAL—Soon after Boston, Massachusetts Mayor Marty Walsh ordered a halt on all construction in the city last week, three other Massachusetts cities followed suit: Cambridge, Chilmark, and West Tisbury. 

Last week in San Francisco, California, a stop-work order was issued for all Bay-area commercial construction projects excluding housing construction. 

MILWAUKEE & LAS VEGAS (March 14, 2020) – Multiple construction and construction materials industry segments converged on the Las Vegas Convention Center and Festival Grounds as they came together for CONEXPO-CON/AGG & IFPE this week to unveil new technologies and products, share knowledge, network with industry peers and buy equipment.

On Wednesday, President Donald Trump signed into law a coronavirus relief package providing paid emergency leave for American workers and free testing for COVID-19. 

The city of Boston, Massachusetts, became one of the first major metropolitan areas to halt construction this week, after Mayor Marty Walsh announced the stop-work order on Monday. 

To all readers:

Despite the disruptions caused by COVID-19 across the globe, Cahaba Media Group and Construction Business Owner (CBO) Magazine and Digital Media have instituted remote work plans and are continuing all publishing operations without interruption. 

WASHINGTON (March 12, 2020)—The Equipment Leasing & Finance Foundation (the Foundation) releases the March 2020 

NEW JERSEY (March 6, 2020)—The Dodge Momentum Index moved 1.8% lower in February to 148.7  from the revised January reading of 151.4. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

"Modular" has become a buzzword in the industry over the past few years, and Guerdon has been one of the companies leading the charge in making off-site manufacturing an attractive, efficient, and profitable project delivery method. In recent months, however, Guerdon Enterprises LLC (founded in 2001), has not quite so successful. 

K-Tec Earthmovers Inc. (K-Tec) announced its merger with Ashland Industries (Ashland). The merger of these two earthmoving equipment manufacturing companies creates one of the largest companies in the industry.

PLANO, Texas (March 11, 2020)—

Last week, United States President Donald Trump signed into law an $8.3 billion funding package for the individual treatment and prevention of COVID-19. The package, Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, was more than three times the amount initially requested by the Trump administration in late February. 

WASHINGTON—The United States Department of Labor’s (DOL) Occupational Safety and Health Administration (OSHA) has published “Guidance on Preparing Workplaces for COVID-19” to help companies respond in the event of coronavirus in the workplace. The guidance was developed in collaboration with the U.S. Department of Health & Human Services (HHS).