Bipartisan Federal Legislation Is a Potential Boon for P3s

  For construction companies active in the public-private partnership (P3) or design-build arena, the bipartisan Public Buildings Renewal Act (S. 3177/H.R. 5361) represents a fountain of new work opportunities building or rehabilitating many outdated and dilapidated government-owned facilities—such as public schools, post offices, prisons, courthouses and libraries—that need to be replaced. 

Teaching the Art of Preservation

“We need to enable people to protect and preserve their histories through meaningful hands-on work. More people are coming into this field because it’s very satisfying to work on cultural preservation projects.” 

Blending the Old With the New

For those that take on the onerous and challenging work of renovating and restoring historic buildings, it is more than just a job. It’s a labor of love. At the heart of this movement is an upsurge in the desire to move near downtown areas to be close to work and home, particularly among today’s younger generation. The result is that historical buildings—brick and granite, and all the charm to match—are in high demand. This bodes well for construction companies that garner much of their revenue from preserving buildings that are a testament to the nation’s past.

2017 Regional Construction Outlook

The first half of 2016 was disappointingly slow, but signs of improvement for the second half have appeared. Employment continues to grow at a slow, but steady, pace. The overall outlook is for continued, albeit slow, expansion in the economy and the construction industry.

2017 Construction Outlook

  For now, it’s tempting to maintain a somewhat pessimistic outlook. A combination of debt accumulation and low interest rates appears to have taken asset prices above levels supported by economic fundamentals. This renders the macro-economy and that of the nation’s nonresidential construction sector somewhat vulnerable to asset price adjustments.  

A Professional Contractor’s Guide to Rotary Tools

  The latest generation of rotary tools has the speed, power and features to go from the workshop to the jobsite. Rotary tools accept dozens of different accessories for working virtually any building material, including wood, drywall, metal, plastic, tile, glass and stone, to name a few. These compact tools are ideal for use in extremely tight spaces and cramped quarters. 

Delivering Efficient Thermal Control of Concrete Curing

Benefits delivered by hydronic heating range from ensuring durability and crack-free surfaces to avoiding shrinkage and spallingin severe weather conditions. Contractors have a very efficient way to resolve their job-specific curing requirements when partnered with engineers that can provide hydronic heating expertise. 

How Does Safety Impact Surety Bonding?

  When safety issues become a factor in a contractor’s ability to finish a project, the surety starts to question what other issues might be out there that could have a negative impact on the contractor’s ability to complete the project.

Create More Reasons for Workers to Stay

Stimulating training opportunities, advancement accelerated to match the abilities of the worker and a “voice” in important decisions seem to be the most important expectations of the modern talent pool. It’s essential for the construction sector to focus on creating an exciting, modern image of itself as a profession of “building important things,” and more specifically one that piques the interest of tech-oriented candidates. 

Surety’s Impact on Emerging Trends in Public Construction

  Given the choice of security requirements, the surety market continues to provide the product with the best combined benefit for contractors and their obligee in today’s evolving construction and surety markets. 

 

A Tip of the 'HAT'
When Michelle Jones, an instrumentation engineer with Hargrove Engineers + ...

Building a Relationship-Based Career
When Brooke Wenger started at Triad Engineering, Inc., Hagerstown, Md., as a...

Equip Construction Managers to Minimize Safety Risks
Construction managers help shoulder the responsibility of safety, ensuring the...

View this month's Digital Edition
Construction Executive
Print magazine published 10 times per year covering news, market developments and business issues impacting the construction industry 

eNewsletters:
Managing Your Business
Biweekly eNewsletter covering management and financial best practices

Tech Trends
Biweekly eNewsletter covering the latest construction technology trends and products

Risk Management
Biweekly eNewsletter covering surety bonding, insurance, safety and compliance.