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Housing slump sees construction output fall

Construction Enquirer

The bellwether S&P Global/CIPS UK Construction Purchasing Managers’ Index recorded 48.9 The index was dragged down by a steep decline in residential work. Construction buyers reported a drop in overall output in June for the first time in five months. in June, down from 51.6 in May and below the neutral 50.0

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Gove leans on big investors behind Grenfell cladding firms

Construction Enquirer

He has urged them to use their “position of influence” to help gain a commitment to fund the post Grenfell residential block building safety programme. Major shareholders Blackrock, Vanguard and Fidelity Management, as well as central bank of Norway, have received letters.

Legal 96
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Housing’s Great Rethink: Workforce Development Takes Center Stage

Pro Builder

“Pay is important, but two-thirds of the reasons people actually left jobs in 2021 were due to issues related to their engagement and their overall well-being ,” Jim Harter, chief scientist of workplace management and well-being at Gallup, told Fast Company last March. How Should Construction Hiring Managers Connect With the Next Generation?

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The Most Green Building Friendly Zoning Code in the Nation - Baltimore?

Green Building Law Update

· Bicycle parking is now required for apartment buildings, schools, and commercial establishments over 10,000 sf. · Parking lot size can be reduced by land banking, allowing up to 25% of the area required for parking to be held as open space in anticipation of future parking needs.

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Achieving aesthetics and energy efficiency with stone wool insulation

Construction Specifier

These insulation boards contribute to key project goals, such as energy efficiency, moisture management, fire protection, sound control, building resilience, and sustainability. Origine is a 13-story, 92-unit residential tower built by Québec-based Nordic Structures and is one of the tallest wood buildings in North America.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Retention can be withheld on residential or commercial projects and on both public and private projects. When the $90,000 is paid, it is posted with a debit to the bank or cash account and a credit to accounts receivable, clearing the account for that project. Debit Credit Bank or cash $90,000 Retention receivable $90,000.

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Common Types of Construction Contracts And Their Use

cnstrctr

The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain. This type is often used by governments and in simple residential construction. These are great for usage on simple residential and commercial construction projects.