Construction Industry News

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).

Fluor Corporation

The second quarter of 2019 wasn’t all roses for Fluor Corporation—the company announced a net loss of $555 million in Q2. The loss was caused by pre-tax charges totaling $714 million from meetings to discuss and solve disputes, change orders and more.

The I-4 Ultimate Project Art Endowment Committee, consisting of representatives of I-4 Mobility Partners, the Florida Department of Transportation (FDOT) and the construction joint venture of Skanska Granite Lane (SGL Constructors), will fund $1.5 million for public art installations that will be integrated into the project landscape to enhance the signature interstate corridor along the 21-mile stretch of I-4, creating a more scenic and cultural experience for motorists and pedestrians.

Hill International has announced its selection by the World Bank to provide construction supervision services for the Local Roads Improvement Project in the Republic of Moldova. Details here.

Recruiting AI and SMS texting bring innovation to the construction candidate experience through persobalized hiring. 

Takeuchi-Mfg., global compact equipment provider, has announced that Founder and President Akio Takeuchi has stepped down, and his son, Toshiya Takeuchi, will now serve as president of Takeuchi. He is the second president in the history of Takeuchi Manufacturing. Details here.

With the addition of Five Star Equipment Leasing and Rental  LLC, Cross Country Infrastructure Services Inc. gains an established equipment rental player in the central United States and at the crossroads of a multitude of oil and gas and infrastructure projects. Financial terms of the transaction were not disclosed.

U.S. Green Building Council residential report shows LEED certified green homes hitting all-time high. Details here. 

The Dodge Momentum Index for nonresidential building projects retreated 4.6% in July to 138.9, down from the revised June reading of 145.6. The lower reading for the Momentum Index in July was due to a 10.2% pullback by its institutional segment, following a 6.0% increase in June. The commercial construction segment in July was basically flat, slipping a slight 0.3%.

The Association of Equipment Manufacturers (AEM) has teamed up with SkillsUSA, a partnership of students, teachers and industry representatives to help provide America with a skilled and developed workforce. 

New Faith Technologies Kansas location to add jobs, manufacturing services and skilled-trade talent development to region. Details here. 

ACDI distributors account for more than $1 billion in the sale of materials and equipment to the construction industry. Minnich Manufacturing, manufacturer of concrete vibrators, vibrator-monitoring systemsand concrete dowel-pin drills, has been selected as a vendor partner of Associated Construction Distributors International Inc.(ACDI).

Through its mission, in 2011, Metropolitan authorized the initiation of a $2.5 billion PCCP Rehabilitation and Replacement Program, to develop a comprehensive, long-term effort to manage Metropolitan’s PCCP feeders to maintain reliable water deliveries to its member agencies.