Your source for construction industry news in the Carolinas
Prices for inputs to construction materials expanded 2.2 percent in May and are 8.8 percent higher than at the same time one year ago, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data released today. This represents the largest monthly increase in 10 years (since May 2008). Nonresidential…
North Carolina has received Area Development magazine’s 2018 Gold Shovel Award, recognizing the state’s top-tier success in winning high-impact economic development projects in 2017. North Carolina, which in 2017 had one of its best years for job recruitment in over a decade, is one of only five states to receive a 2018 Gold Shovel Award….
The Board of Directors of the Hispanic Contractors Association of the Carolinas, HCAC, announced that beginning Monday, June 11, 2018, Lissette Velez, has been named the new Executive Director of HCAC. Velez has been with the organization for over 6 years, previously performing the positions of Office Manager and Membership Director. She has been committed…
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced that it had signed a definitive agreement to sell its MEGTEC and Universal businesses to Dürr AG (“Dürr”) for $130 million, subject to adjustment. Proceeds from the transaction will largely be used to reduce outstanding balances under the Company’s bank credit facilities, improving its balance sheet and…
Construction costs have been consistently rising just when the industry can least afford it. Today, a new report from Skender offers “101 Ways to Build Smarter.” The 18-page eBook, available for download at www.skender.com/buildsmarter/, is a resource filled with quality-enhancing and value-optimizing possibilities for building owners, developers, architects, brokers, contractors, corporate real estate and workplace…
Axon (Nasdaq: AAXN), the global leader in connected law enforcement technologies, and DJI, the world’s leader in civilian drones and aerial imaging technology, today announced an exclusive partnership, within the digital evidence management industry, to sell DJI drones directly to public safety and law enforcement agencies worldwide through the new Axon Air program. The partnership…
With Governor Roy Cooper in attendance, the NCWorks Commission met on May 23 to approve new Career Pathways, certify Career Centers and celebrate local innovations in workforce development. The group held its quarterly meeting at Moretz Mills in Hickory, marking the first time the Commission has met in western North Carolina. Moretz Mills features an…
Fifty-four percent of highway contractors reported that motor vehicles had crashed into their construction work zones during the past year, according to the results of a new highway work zone study conducted by the Associated General Contractors of America. In response, association officials have launched a new mobile advertising campaign urging drivers who routinely pass…
NAIOP Office Space Demand Forecast Q2 2018 Download the NAIOP Office Space Demand Forecast, Second Quarter 2018 Report. The U.S. office markets averaged just 4.4 million square feet of positive net absorption over the past two quarters; specifically, 7.4 million square feet were absorbed in the fourth quarter of 2017 and just 1.3 million square…
Generally, no one benefits from surprises on a construction project. A particular problem that often catches general contractors by surprise occurs when a lower-tier subcontractor or materials supplier (i.e., one who does not contract with the general contractor but instead has a contract with a subcontractor) suddenly appears claiming that an unpaid contract balance is…
