U.S. construction spending fell in September, as investments in both public and private projects dropped. This was the second straight month of decline, according to Reuters.com. The Commerce Department says the September rate inched down 0.4 percent to an annual rate of $950.9 billion. http://www.reuters.com/article/2014…(Read More)
If a prime contractor gets hit with bills because of the work their subcontractors performed, things can get dicey. The situation gets more complicated when legal action ensues. Read this post to see how the courts in one state handled this disagreement. The comments that follow are interesting as well. http://constructionpronet.com/Content_Free…(Read More)
Favorable economic conditions are continuing in the hotel construction sector. Lodging Econometrics reports that Q3 had 3,516 projects consisting of 443,936 rooms. “The Pipeline has posted double-digit Year-Over-Year (YOY) increases for four consecutive quarters in both projects and rooms,” according to LodgingEconometrics.com. “In 3Q14, YOY increases are up 25…(Read More)
The construction, transportation, and health care industries are among those with high levels of interest in GPS-type technology. Indoor positioning technology offers wireless location services on mobile devices for locating objects or people when inside a building, according to Fieldlens.com. It can encompass a variety of evolving technologies, such as beacons that send…(Read More)
New research from McGraw Hill Construction finds that educators are committed to environmentally friendly building. The New & Retrofit Green Schools study indicates social benefits, such as improved health and productivity, are critical drivers for the education sector. A post on Construction.com also states these factors are equally as important as financial drivers. “Over…(Read More)
Construction positions that require client-facing work pay better wages than jobs that don’t emphasize face-time, according to research from FMI. The firm provides management consulting, investment banking, and research to the engineering and construction industry. Duane Craig writes on ConstructionInformer.com that since the 2008 recession, some fundamentals in the industry have…(Read More)
