Paced by continued demand for projects such as new education and health care facilities, public safety, and government buildings, the Architecture Billings Index (ABI) increased in June following fluctuations earlier this year.
Construction activities are expected to grow at 5 percent in 2015, levelling off from the previous forecast of 8 percent in Q1 2015, according to the Q2 Construction Outlook released by FMI Corp.
The process of obtaining contract bonds for the first time can be confusing, while mistakes or misunderstandings can lead to serious problems. That’s why it’s vital to ensure you and your contracting firm have a solid grasp of all of the ins and outs of the process before you get started.
The Naval Facilities Engineering Command has awarded Commercial Service of Bloomington Inc., Custom Mechanical Systems Corp., Harrell Contracting Inc., Mastercraft Mechanical Contractors Inc., and Siemens Government Technologies Inc. each with an indefinite-delivery/indefinite-quantity contract for mechanical construction projects.
Trimble announced it is supporting new construction modeling workflows with enhanced integration between Bentley Systems’ AECOsim Building Designer software and Trimble’s Vulcan sheet metal cutting software for the HVAC market.
The bill codifies and strengthens a 2005 executive order that prohibits government entities from requiring contractors to enter into project labor agreements as a condition of performing work on publicly funded construction projects.
After its first negative score in 10 months, the Architecture Billings Index (ABI) showed a nominal increase in design activity in February, and has been positive 10 out of the past 12 months. A leading economic indicator of construction activity, the February ABI score was 50.4, up slightly from a mark of 49.9 in January.
The United States construction industry added 39,000 jobs in January, including 12,700 net new nonresidential jobs, according to a new preliminary estimate released by the Bureau of Labor Statistics (BLS).
Construction spending rose in December 2014 to a six-year high of $982 billion as public construction for the year increased for the first time since 2009, according to an analysis of construction data by the Associated General Contractors of America (AGC).
Nonresidential construction spending slipped 1 percent on a monthly basis in November, but still managed to expand 4 percent on a year-over-year basis according to the latest figures released by the U.S. Census Bureau. Spending for the month totaled $617 billion on a seasonally adjusted, annualized basis.