Your source for construction industry news in the Carolinas
Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, recently released its ESOP Construction Industry Survey. Prairie works with owners of private construction businesses across the country, providing advisory services to support their growth and ownership transition strategies. Many of its clients in the construction industry have decided on an ESOP as part of…
Recently Rob McKinney, director of business development for eSUB, and Steve Coughran, founder and CEO of Coltivar, hosted a webinar to help construction executives transform their businesses. Here are some of the highlights of that webinar. Many construction businesses have survived all the challenges in recent years. But how are they performing under today’s conditions?…
A statewide campaign titled Safety First is reaching out to employers and workers in the construction industry during December to provide additional information, trainings, resource materials, and safety guidelines to reduce the spread of COVID-19 on construction sites. As part of the campaign, two virtual workshop sessions (one in English and the other in Spanish)…
After seven months of falling prices, engineering and construction costs rose in November, according to IHS Markit (NYSE: INFO) and the Procurement Executives Group (PEG). The current headline IHS Markit PEG Engineering and Construction Cost Index registered 50.3 in November. The materials and equipment portion of the index came in below 50, indicating respondents are seeing falling prices in…
Total construction starts rose 12% in October to a seasonally adjusted annual rate of $787.9 billon. While sizeable, the increase does not erase September’s substantial pullback in starts. All three major categories moved higher over the month, nonbuilding starts rose 25%, nonresidential buildings increased 19%, while residential activity gained 2%. Four of the five regions…
CCA, Construction Consulting Associates LLC and Thompson Construction Group formally announced the formation of CCT Partners, a first-of-its-kind joint venture to deliver end-to-end services to restore, rebuild, and reimagine properties in distress. Together, these industry leaders and their extensive network of strategic partners will assess property conditions and address troubled projects, bond defaults, and disasters—financial…
The impact of the global pandemic of COVID-19 is far-reaching. The government-mandated shutdowns and strict social distancing rules have greatly affected the way we live and work. The social distancing and enhanced safety protocols will significantly impact how we work, how productive we can be, and how much money we stand to make. More and…
Attention, construction project managers! Here is the list of the biggest construction companies in the world and projects that make them great. The construction industry in the United States creates about $1 trillion in structures and infrastructure every year. The spending adds about $3.4 billion to the Gross Domestic Product and puts a lot of money into the economy. Unlike some…
Survey of Construction Firms by the Associated General Contractors of America Finds More Than Half of Firms Have Had Projects Halted as 74 Percent Seek New Paycheck Protection Loans to Retain Staff With the covid-19 pandemic worsening by the week, an ever-increasing share of contractors are reporting cancellations of upcoming projects and shortages of equipment…
FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of the first quarter 2020 CIRT Sentiment Index. The CIRT Sentiment Index is a survey, conducted quarterly by FMI, of members of the Construction Industry Round Table. The CIRT is composed exclusively of approximately…
