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Construction planning numbers leap in October despite recession fears

Nov 11, 2022 (0) comment , , ,

Brief: The Dodge Momentum Index, a benchmark that measures nonresidential building planning, increased 9.6% in October driven by an uptick in office and hotel and projects, according to Dodge Data & Analytics. The October reading follows a 5.7% increase in September and is up 28% for the year, the latest sign the construction industry continues […]

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$2.3B GreenCity to break ground in 2023 near Richmond, Virginia

Nov 11, 2022 (0) comment , ,

GreenCity, the $2.3 billion development in Henrico County, Virginia, will feature office, retail, residential units, hotels, an arena and extensive park space. Courtesy of GreenCity   Brief: A $2.3 billion “eco district” development is set to break ground in early 2023 outside of Richmond, Virginia. The GreenCity project in Henrico County will feature office space, […]

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10 Tips for Submitting Better Bids

Nov 04, 2022 (0) comment , ,

Putting together a winning bid proposal, or even a competitive one, takes knowledge and skill. It’s a bit more complicated than just putting some numbers together and hoping for the best. Good bid preparation requires a lot of time and effort and involves everything from reading and fully understanding the plans and specifications to accurately […]

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7 major mixed-use projects underway across the country

Oct 27, 2022 (0) comment , , ,

These multibillion-dollar developments will enhance their neighborhoods with new housing, retail, dining and entertainment options.   A rendering of the 53-acre Lincoln Yards project on Chicago’s Fulton River. The full development will contain 6,000 residential units. Permission granted by Sterling Bay     The mixed-use development boom of the last decade is still going strong, […]

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Tennessee Titans reach deal to build $2.1B stadium

Oct 21, 2022 (0) comment , ,

Nashville Mayor John Cooper and the Tennessee Titans have reached a deal to replace Nissan Stadium.    Brief: Nashville is likely getting a new major league sports venue. After roughly two years of negotiation, the NFL’s Tennessee Titans reached an agreement with Nashville Mayor John Cooper to build a new domed stadium, directly next to the […]

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7 tools to navigate IIJA funding

Oct 14, 2022 (0) comment , , ,

These resources help contractors find work stemming from the sprawling federal legislation. President Joe Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act in November 2021, marking the single biggest sum for roads, bridges and other surface routes in a generation. Navigating the new opportunities in the sprawling piece of legislation, however, can be […]

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Lendlease leverages mushrooms for recycling

Oct 13, 2022 (0) comment , , ,

Brief: Fungi aren’t just a pizza topping, they’re also potentially a key solution to the construction industry’s waste and recycling problem. Australia-based contractor Lendlease recently completed a recycling pilot that used mushrooms to break down roofing shingles from 214 houses at the Fort Campbell Army installation in Fort Campbell, Kentucky, the company announced in a release. Once […]

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PCL details renovations at LA’s Arena

Sep 30, 2022 (0) comment , ,

Brief: Los Angeles-based sports and entertainment conglomerate Anschutz Entertainment Group selected Edmonton, Canada-based general contractor PCL Construction to renovate Arena (the former Staples Center) as well as L.A. Live’s Xbox Plaza. AEG and PCL did not disclose the total cost of the project. Work started this summer and will carry on through 2024, according to […]

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Chicago Bears unveil new domed stadium, mixed-use concept

Sep 08, 2022 (0) comment , , ,

Brief: There are several “ifs” attached, but the NFL’s Chicago Bears may be getting a new stadium. Should the franchise continue with plans to purchase 326 acres in Arlington Heights, Illinois, it intends to build a “best-in-class enclosed stadium,” per an announcement. The stadium would serve as the anchor for what the team called one of […]

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The ‘bonus’ tax deduction in the Inflation Reduction Act for construction firms

Aug 25, 2022 (0) comment , , ,

Affordable excess liability insurance coverage for small businesses and contractors.

Brief: While most of the tax deductions and incentives to build climate-friendly structures in the Inflation Reduction Act go to building owners, one area can significantly benefit contractors as well, a construction tax expert said. Phillip Ross, leader of the construction industry group at New York City-based accounting advisory firm Anchin, detailed how contractors can […]

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