Your source for construction industry news in the Carolinas
Two groundbreaking ceremonies were held on October 30 at sites in the Franklin Urban Sports and Entertainment District in west Gastonia, marking major progress for the City’s economic development plans along West Franklin Boulevard. The two groundbreakings were held at the old Trenton Mill and at a site behind the historic Coca-Cola bottling plant on…
According to a FEMA report, Earthquakes in the U.S. cause approximately $6.1 billion in building stock costs each year. Even if a company had the financial means to repair or rebuild after earthquake damage, this still presents a period of halting operations to make repairs. For residential structures, the stakes could be even higher, leaving people without…
North Carolina ranks as the nation’s top state business climate in 2020 in a two-way tie with Georgia, according to Site Selection magazine. North Carolina held the No. 2 spot in the magazine’s annual business climates study for five straight years before rising to the top spot this year. North Carolina enjoyed a six-year run in the…
Fluor Corporation (NYSE: FLR) announced today that David E. Constable, a member of the Fluor Board of Directors, has been appointed chief executive officer (CEO), effective January 1, 2021. Constable succeeds Carlos Hernandez, who will retire as CEO and a member of the company’s Board at the end of the year. David E. Constable Appointed Chief…
The astonishing toll of overrunning costs and schedules on major engineering and construction projects worldwide is laid bare in an analysis of claims and disputes published today by HKA. CRUX Insight 2020 is the product of investigations into more than 1,100 projects across 88 countries by HKA, the construction and engineering industry’s leading specialists in…
FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of the fourth quarter 2020 Heavy Civil Construction Index (HCCI) report, which presents construction spending forecasts for transportation, highway and street construction segments. This quarter’s questions polled participants on trends affecting the competitive landscape, revenue expectations…
Hilti, an innovator of tools, technology, software and services to the commercial construction industry, today introduced its first robot, Jaibot, for semi-autonomous mobile ceiling-drilling. The Hilti Jaibot construction robot will help mechanical, electrical and plumbing (MEP) installation contractors tackle productivity, safety and labor shortage challenges. With this new construction automation solution, Hilti makes a further step toward the digitization of…
The NAIOP CRE Sentiment Index for September 2020 is 45, indicating that respondents expect unfavorable conditions for commercial real estate over the next 12 months. “Although industry professionals know more about how COVID-19 affects demand for commercial real estate than they did in the spring, uncertainty remains about when the economy will fully recover,” said Thomas J….
ToolWatch, a powerful, cloud-based software that serves as a cornerstone for construction companies’ operations management, announces a new technology integration with Procore, a leading provider of construction management software. The productivity-enhancing integration will be unveiled at Groundbreak, the annual construction technology conference hosted by Procore on October 27 and October 28, 2020. In an effort to improve internal operations in…
Publix announced today it will expand its distribution center in Greensboro, North Carolina, to include a dry grocery warehouse, which will add more than 1.2 million square feet of space. In February 2020, Publix broke ground on the distribution center’s first phase, a refrigerated warehouse, currently under construction. The entire distribution center is expected to…
