Fire Destroys Raleigh Apartment Complex Under Construction
Several buildings in downtown Raleigh were engulfed in flames after a fire broke out after 10 p.m. in a building under construction. The Metropolitan, a five-story apartment project that was under construction on Jones Street, appears to be completely destroyed. Banner Real Estate Group and construction firm Clancy & Theys were building the project. Today, they released a joint…
Construction Contracts 101 – Key Terms and Provisions
A construction contract can be a daunting document. It can be hundreds — if not thousands — of pages in length depending on the complexity of the project. In addition to the document that is signed by the parties, the full construction contract can include drawings, specifications, geotechnical reports, general conditions, special conditions, and other…
North Carolina Ranks High for Attracting New Businesses
North Carolina has retained its fourth-place spot in a well-regarded annual ranking of states attracting the most new and expanded corporate facilities according to a national economic development publication. In 2016, North Carolina had 289 qualifying projects announced, according the latest Governor’s Cup ranking from Site Selection magazine. Among the Top 5, North Carolina trailed…
FMI Nonresidential Construction Index (NRCI) Reverses Course, Gains 5.6 Points in the First Quarter 2017
The FMI NRCI gained 5.6 points in the first quarter with almost every component of the NRCI Index moving in the positive direction. This result for the beginning of 2017 is welcome, as many have been expecting a slower economy. That expectation seemed to be only based on the idea that it has been good…
Construction Spending Slipped in January as Public Infrastructure Investments Tumbled
Construction spending slipped from December to January but increased modestly from a year ago, as private construction grew solidly but public infrastructure outlays tumbled, according to an analysis by the Associated General Contractors of America. Association officials said the January data indicates the need for new public investments in infrastructure along the lines of the…
O’Neal Expands Food and Beverage Capabilities
O’Neal, Inc, a Greenville, SC-based integrated design and construction firm, has announced expanded capabilities for the food, beverage and consumer packaged goods markets. The company is launching a Food and Beverage Strategic Business Unit (SBU) that will focus on food processing, food distribution and the broader consumer packaged goods markets. The firm has hired David Dixon…
FMI Releases 2017 U.S. Markets Construction Overview
FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the release of its “2017 U.S. Markets Construction Overview.” The publication offers comprehensive construction forecasts for a broad range of market segments and geographies and provides valuable insights from FMI…
FMI Releases the 2016 Executive Compensation Survey
FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the publication of its 2016 Executive Compensation Survey. The survey includes data from 71 companies representing over 3,400 executive and business unit employees across 64 positions within U.S. engineering and…
The American Institute of Architects Releases Customized State of South Carolina Documents
The American Institute of Architects (AIA) today announced the release of eight customized AIA Contract Documents® for exclusive use on State projects in South Carolina. The South Carolina versions of the AIA documents include state-specific amendments to the standard text of the AIA documents, as developed by the Office of the State Engineer, and will…
Pavement Evaluation on Interstate 85 in South Carolina Performed Using High Speed GPR
Infrasense, Inc. recently completed a subsurface pavement structure investigation of 18 miles of Interstate 85 in South Carolina using high-speed ground penetrating radar (GPR). The highway pavement was surveyed in both driving directions to obtain continuous structure information for both bound and unbound material layers. Both the right travel lane and the right shoulder were…
