Your source for construction industry news in the Carolinas
WASHINGTON, April 8, 2020 — Estimated February not seasonally adjusted construction unemployment rates fell nationally and in 37 states, rose in 12 states and were unchanged in one state (Texas) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. As of February 2020, the…
Autodesk, Inc. (NASDAQ: ADSK), in partnership with management consulting firm FMI Corporation, today released findings from an industry study, “Trust Matters: The High Cost of Low Trust.” The study measured the costs and benefits of different levels of trust within construction organizations and across construction project teams. The findings reveal organizations with “very high” levels of…
As communities across the country race to expand available hospital bed space in response to COVID-19, an American Institute of Architects (AIA) task force is providing a new tool for public officials to quickly identify buildings suitable to be adapted for patient care. The COVID-19 Alternate Care Sites Assessment Tool provides a checklist highlighting important areas to consider when…
The Dodge Momentum Index declined by a scant 0.6% in March to 146.5 (2000=100) from the revised February reading of 147.4. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential…
April 5, 2020 – The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, called on the Small Business Administration (SBA) to revise its eligibility guidelines for its new Paycheck Protection Program to make clear that any firm that employs 500 or fewer people to qualify, regardless of the average annual receipts size…
Deemed an essential service, the asphalt paving industry continues to work to maintain South Carolina’s roads during the COVID-19 crisis. Ashley Batson is executive director of the SC Asphalt Pavement Association (SCAPA), a non-profit trade association representing the asphalt pavement producers in South Carolina, as well as the suppliers to the industry. Batson details the various…
Cherry Bekaert LLP (“the firm”) announced the acquisition of the Tax Advantage Group (“TAG”), a specialized consulting firm that provides New Markets Tax Credit (“NMTC”) services to clients across the country. Based in Greenville, SC. TAG will now operate as Tax Advantage Group by Cherry Bekaert, and will bring six experienced professionals to Cherry Bekaert’s Credits…
On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act providing $2.2 trillion of fiscal stimulus to help the U.S. weather through the economic damage caused by the COVID-19 pandemic. Important CARES Act provisions for the working professionalMany provisions in the CARES Act are specifically designed…
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RALEIGH, N.C. – FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of its first quarter 2020 North American Engineering and Construction Outlook. The publication offers comprehensive construction forecasts for a broad range of market segments and geographies in the U.S. and Canada,…
