The Latest
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Construction’s manufacturing boom: Mapping the biggest facilities underway in the US
New additions to the tracker this month include a $3.9 billion SK Hynix chip plant in West Lafayette, Indiana, and a $1.2 billion Fujifilm project in Holly Springs, North Carolina.
Updated April 18, 2024 -
Sponsored by Leica Geoystems
How to gain an advantage in your MEP existing conditions documentation workflow
Documentation process too slow? How to streamline yours to improve your MEP projects’ efficiency
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Top construction events for the second half of 2024
It’s time to plan ahead. Construction Dive has you covered with a full list of industry conferences, expos and meetings on tap for the rest of the year.
Updated April 30, 2024 -
15 years in the making, $340M Jacksonville Concourse B breaks ground
Prime designer Jacobs first signed on in 2011, with GC Balfour Beatty now building the new gate facility and parking structure.
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Kaiser nixes planned $500M Seattle med tower build, looks to sell property
The nonprofit giant has recently opted to focus capital spending in its largest market: California.
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Project Milestones
Fluor-led JV breaks ground on $700M Interstate 35 expansion in Texas
The project is one of five phases of a 20-mile overhaul of the much-traveled corridor through San Antonio.
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Q&A
Construction leaders have raised the safety bar, yet more work remains
Large GCs have elevated their jobsite practices in recent years in order to limit risk, said a safety expert with insurance firm Charles Taylor.
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Lab space supply-demand balance likely in coming years: JLL
Boston, San Diego and the San Francisco Bay Area saw the most demand growth in the first quarter of 2024, the report states.
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$2B George Washington Bridge restoration passes midway point
The 11-part program includes critical rehabilitation work on steel ropes and cables, which support the weight of the deck.
Updated May 16, 2024 -
Executive Moves
Granite CFO announces retirement
Lisa Curtis, a steadying presence during the company’s turnaround, will step away in September, when Chief Accounting Officer Staci Woolsey will take over the role.
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Inflation cools, reassuring Fed after unexpectedly hot gains
The yield on the benchmark 10-year Treasury note fell on investor speculation that slower inflation will prompt the Fed to sooner cut borrowing costs.
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Economic Reports
Construction input prices jump again, continue 2024’s upward climb
A new ABC report points to yet another sign that inflation is accelerating and that interest rates are set to stay higher for longer.
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Earnings roundup: Data centers, water projects dominate public contractors’ focus
On the latest round of earnings calls, some of the country’s largest commercial builders talked about the boom in computing facilities and the increased need for resilience in public works.
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Deep Dive
Contractors, owners wait out high interest rates
As long as the Fed doesn't raise already elevated rates, a steady environment could jump-start stalled projects.
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Economic Reports
As backlog rises, so does contractors’ confidence
New work increased 2.4% last month, but only time will tell if construction optimism is justified in the face of fresh headwinds, said ABC’s chief economist.
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Trimble acquires payments, compliance platform Flashtract
It’s the contech giant’s third acquisition of a niche technology provider in just over a year.
Updated May 16, 2024 -
5 contech firms announce funding in 2024’s first half
Drone-powered roof inspections, cloud-based estimating solutions and fungi-fueled recycling tech earned venture capital in recent months.
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Vast majority of Gen Z tech workers say they’d consider new career opportunities
With high dissatisfaction rates, young tech workers pointed to career development as a vital aspect of engagement and retention in a recent survey.
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Project Milestones
$3.6B Brent Spence Bridge clears environmental review
The megaproject between Cincinnati and Northern Kentucky aims to address a key congested freight link and fortify the supply chain.
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Executive Moves
Balfour Beatty names leads for Carolinas, California divisions
Jeff Sandeen took the reins in Charlotte this month, while Emily Kay will run the firm’s Golden State shop beginning in January 2025.
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More money needed for infrastructure fixes: ASCE
Supply chain challenges and extreme weather are keeping the investment gap from being noticeably reduced, the American Society of Civil Engineers said.
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Loyola University mixed-use building cuts HVAC costs and emissions 10% with AI-driven algorithm
BrainBox AI and WattTime's technology also cut carbon emissions by 15% during periods of renewable energy curtailment, a case study showed.
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Safety Week 2024
OSHA heat standard clears regulatory hurdle
A committee has unanimously recommended that the agency advance the proposal for a heat safety rule.
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Skanska steps back from risky builds
After costs from a U.K. project hurt the Swedish company’s Q1 earnings report, CEO Anders Danielsson said the company won’t be taking on similarly exposed projects.
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WSP continues M&A streak, snatches up 4 more firms
While signaling it plans to stay acquisitive, the firm also expects more PFAS work as a result of new EPA regulations, the Montreal-based contractor said in its Q1 earnings call.
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Abandonments tick down, but more builds are being mothballed
For public projects specifically, the abandonment reading is now lower than at any time since late January, according to ConstructConnect data.