Groundbreak Carolinas

GroundBreak Carolinas

Your source for construction industry news in the Carolinas

Brian Gallagher

The Construction Specifications Institute Releases Crosswalk® for Microsoft Word®

by CSI on

On October 13, at its national conference in Denver, the Construction Specifications Institute (CSI) formally launched its first-ever end-user software, Crosswalk® for Microsoft Word®. The product, a user-friendly add-in for Word, promises to make construction planning more accurate, convenient, and efficient.  The product places CSI’s core library of construction standards, MasterFormat®, UniFormat® and OmniClass® directly into Microsoft…

Latest Study Shows Civil Contractors Cautious in Expected Revenue and Profit Margin Changes

by Dodge Construction Network on

Dodge Construction Network’s latest Civil Quarterly study reveals notable percentage change in expectations from previous quarter The latest edition of The Civil Quarterly (TCQ) from Dodge Construction Network reveals that contractors continue to expect an increase in revenue and profit margins, but notably less since last quarter, potentially due to acute supply chain issues and potential economic downturn. The…

The Winners of the 8th Annual Excellence in Concrete Construction Awards

by American Concrete Institute on

The eighth annual ACI Excellence in Concrete Construction Awards showcased dozens of innovative concrete projects from around the world. The “Overall Excellence” award was presented to Chau Chak Wing Museum, located in Sydney, New South Wales, Australia. The winning concrete project also received first place in the mid-rise structures category at the ACI Excellence in Concrete Construction Awards…

CP Capital Launches ‘Project Destined’ Partnership

by GroundBreak Staff on

CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, today announced its new partnership with Project Destined, a social impact education and investment platform that specializes in training underserved youth. Beginning in October, CP Capital will welcome fourteen students of diverse backgrounds to provide them with hands-on, one-on-one mentorship and the…

Architecture Billings Index Moderates But Remains Healthy

by American Institute of Architects on

For the twentieth consecutive month architecture firms reported increasing demand for design services in September, according to a new report today from The American Institute of Architects (AIA). The AIA Architecture Billings Index (ABI) score for September was 51.7 down from a score of 53.3 in August, indicating essentially stable business conditions for architecture firms…

BMW Invests in Electric Vehicle and Battery Production in South Carolina

by GroundBreak Carolinas Staff on

The BMW Group continues the roll-out of its electromobility plan with a new investment to expand Plant Spartanburg and the company’s manufacturing footprint in South Carolina. BMW Group Chairman of the Board of Management, Oliver Zipse, announced today a $1.7 billion investment in its United States operations, including $1 billion to prepare for the production of electric…

FMI Corporation Acquires Investment Bank SLATE Partners

by FMI on

Co-founded by Aaron Bachik and Jason Munoz in 2014, SLATE Partners provides sell-side and buy-side mergers and acquisitions (M&A) advisory services to companies in the building materials and building services industries nationwide. The firm’s clients include family and entrepreneur-owned businesses as well as private equity-backed companies. The acquisition of SLATE Partners brings significant complementary talent…

NC Governor Cooper Announces 131 New Jobs as American Woodmark Expands in Richmond County

by GBC Staff on

American Woodmark Corporation (NASDAQ: AMWD), one of the nation’s largest manufacturers of cabinets, will expand its operations in Hamlet, North Carolina creating 131 jobs in Richmond County, Governor Roy Cooper announced today. “Strong rural communities like Hamlet provide manufacturing companies a great environment for expansion and growth,” said Governor Cooper. “From our skilled workforce to…

Enhancing Inclusion Creates Needed Change in the Construction Industry

by Associated Builders and Contractors on

Associated Builders and Contractors today announced its strong support of the second annual Construction Inclusion Week, which kicks off today, and the need to champion and foster inclusion, diversity and equity throughout the construction industry. Created by ABC members, Construction Inclusion Week harnesses the collective power of the construction industry to build awareness regarding the need…

Weakened Economy and Higher Borrowing Costs Dog Construction Industry, Reports Marcum Survey

by Marcum on

The Marcum Commercial Construction Index for the second quarter of 2022 reports that the construction industry continues to face rising costs and shortages of both labor and materials, but now also must contend with a weakening economy and elevated borrowing costs. Notably, the residential sector has weakened significantly, while the outlook remains dicey for the nonresidential sector….