Embarking on a construction project is always an intricate dance of planning, execution, and adaptation. When Upstate South Carolina’s Tri-County Technical College (TCTC) chose the team of DP3 Architects and Harper General Contractors to lead the design and construction of the complex and exciting renovation of Oconee Hall on the school’s Pendleton Campus, our team…
Business
Vantage Risk Introduces U.S. Large Property Insurance
Vantage Group Holdings Ltd. (Vantage) launched today its U.S. Large Property offering through its U.S. insurance subsidiaries, further extending the company’s insurance capabilities for its brokers and clients. Vantage’s new U.S. Large Property team builds on the group’s existing property expertise and sustained portfolio growth. Designed to serve a broad range of middle market and corporate…
New Changes to American Arbitration Association (AAA) Construction Rules
Many construction contracts, especially on private projects, contain alternative dispute resolution provisions. These provisions often incorporate the Construction Industry Rules and Mediation Procedures of the American Arbitration Association (AAA). These Rules and Procedures were revised effective March 1, 2024. Among the changes are the following: It is important for those engaged in the construction industry…
FMI 2024 North American Engineering and Construction Overview: Second Quarter
FMI recently released their 2024 North American Engineering and Construction Overview: Second Quarter. According to the Outlook, engineering and construction spending is expected to end 2024 up 5%, but not all sectors will be the same. Manufacturing, lodging, and highway and street look poised for double-digit growth while those in the multifamily and commercial sectors…
DOL’s Overtime Salary Level Threshold Increase Will Harm Small Businesses, Says ABC
Associated Builders and Contractors today issued the following statement opposing the U.S. Department of Labor’s final rule that will change overtime regulations under the Fair Labor Standards Act. The final rule increases the minimum annual salary level threshold for exemption in two phases: from the current level of $35,568 to $43,888 on July 1, 2024,…
Markets
EDP Renewables Celebrates its First North Carolina Solar Park
EDP Renewables North America LLC (EDPR NA), a leading top five renewable energy developer and operator in North America, is pleased to present the recently completed Misenheimer Solar Park, located in the Village of Misenheimer in Stanly County, North Carolina. The solar project is one of the largest in the state, with an installed capacity of 74 megawatts (MW). Misenheimer…
Toyota Charges Up Investment and Jobs in U.S. Manufacturing
Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota’s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion. This also brings the addition of up to 340 new, high-quality jobs…
Duke Energy’s Annual Impact Report Shares Progress Toward a Cleaner Tomorrow That Includes Affordability and Reliability
Duke Energy (NYSE: DUK) today released its 2023 Impact Report, its 18th annual accounting of its progress toward its sustainable business goals. This year’s report includes highlights from its 2050 clean energy transition strategy, which strives to deliver industry-leading reliability, competitive rates for customers, and accelerated infrastructure and economic development to meet the growing needs of its…
NC Governor Cooper Announces 157 New Jobs as Innovative Construction Group Selects Chatham County
Innovative Construction Group, LLC, an off-site construction services company serving developers, general contractors, and professional builders, expects to establish a new manufacturing facility in Chatham County and the Town of Siler City. The company plans to make a capital investment of approximately $39.8 million which will create, they believe, as many as 157 jobs over…