Wed.Oct 12, 2022

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Rethink your JOC Program

Job Order Contracting

It’s time to rethink your JOC Program. 4BT (Four BT, LLC – www.4bt.us) has developed a SaaS (web-based) information management application, developed as a SaaS solution for the Job Order Contracting (JOC), Indefinite Quantity Contracting (IQC), and integrated project delivery. Rethink your JOC Program in concert with public sector stewardship.

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From Functional to Fashionable—How Kitchens and Baths Have Changed Over Time

Pro Builder

From Functional to Fashionable—How Kitchens and Baths Have Changed Over Time. ldeakins. Wed, 10/12/2022 - 10:23. Over the last several decades, kitchens and bathrooms have evolved from strictly functional rooms to design-forward spaces where homeowners actually want to spend their time. Originally designed as utilitarian spaces with a greater focus on function than on style, kitchens and bathrooms have evolved into spaces where homeowners can gather, relax, and unwind, says Housing Design Matter

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WBS-Work Breakdown Structure Matters

Job Order Contracting

WBS-Work Breakdown Structure Matters for every repair, renovation, maintenance, and new builds. Terms and hierarchy are critical. WBS is significantly enhanced by CSI MasterFormat line-item tasks in terms of cost and labor quantification, especially when data is available in a locally researched database. Process is King! [contact-form]. www.4bt.us.

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Illinois Orders Firm to Pay $500K for Prevailing Wage Violations

ENR Construction

Contractor Bulk Storage Inc. must pay back wages to employees, plus penalties, for not meeting state-required compensation rules on public sector projects.

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Leading the Way in Construction EHS Software

The Verdantix Green Quadrant: EHS Software 2023 is an independent third-party analysis of 23 EHS software vendors (including Intelex) that provides an in-depth look at the technical capabilities, application breadth, innovation focus, and momentum of key environmental, health, and safety management software market players. The guide is essential reading for EHS software benchmarking, especially for understanding unique vendor strengths and capabilities.

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Writing the book on smarter warehouse design and construction

The Korte Company

Going as far back as the first time someone stockpiled grain, warehouses and distribution centers have remained essential to societies and economies. They haven’t always been in the forefront, but they’re on everyone’s mind today: The recent pandemic proved that logistics networks could be better, a fact that the industry has met with an unprecedented push to increase efficiency and speed while expanding product lines and capacity.

Design 52

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What Your Business Credit Report Tells Lenders

Pro Builder

What Your Business Credit Report Tells Lenders. ibush. Wed, 10/12/2022 - 06:00. See how a solid business credit score increases your chances of securing capital to fund the growth of your business, and what you can do to improve your score. Matthew Gillman. Having a solid business credit score increases a business owner’s chances of securing capital to fund growth.

Debt 52
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NEPA and Permitting Reform After Joe Manchin Flops

ENR Construction

Reform of the federally required process of project impact review and permitting is a big missing piece of the U.S. infrastructure future.

Permits 80
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As Interest Rates Soar, Demand Is on the Rise for Riskier Home Loans

Pro Builder

As Interest Rates Soar, Demand Is on the Rise for Riskier Home Loans. ldeakins. Wed, 10/12/2022 - 10:18. Priced out buyers are turning to risky adjustable-rate mortgages (ARMs) for a more affordable pathway to homeownership. Total mortgage application volume fell 2% last week compared with the week prior as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $647,200 or less rose from 6.75% to 6.81%.

Finance 52
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Construction Economics for October 17, 2022

ENR Construction

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics.

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Optimize Operational Processes With an Industry-Specific ERP

As the use of Enterprise Resource Planning systems in the construction industry is critical to optimizing operations, it's critical that decision makers conduct a thorough software evaluation to find the one that best aligns to their needs.

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What Slower Wage Growth Might Mean for a Strong Labor Market

Pro Builder

What Slower Wage Growth Might Mean for a Strong Labor Market. ldeakins. Wed, 10/12/2022 - 10:31. Slower wage growth for residential building workers may signal a labor market slowdown as recession fears mount among trade employers. Average hourly earnings for residential building workers continued to rise in August, but at a much slower rate than during the months prior, NAHB Eye on Housing reports.

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AISC Group Recommends Spec Changes After Salesforce Transit Center Girder Fractures

ENR Construction

The American Institute of Steel Construction task group reviewed proposals made by California's Metropolitan Transportation Commission, in the aftermath of the 2018 discovery of brittle fractures in plate girders at the Salesforce Transit Center.

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Goldman Sachs Economists Expect Interest Rates to Remain Elevated During Market Downturn

Pro Builder

Goldman Sachs Economists Expect Interest Rates to Remain Elevated During Market Downturn. ldeakins. Wed, 10/12/2022 - 10:38. Housing economists forecast a 'further weakening in demand' as elevated interest rates continue to sideline prospective buyers . As interest rates inch closer to 7%, the Case-Shiller index is showing its largest month-over-month decline since 2012, and experts say demand will continue to fall if a housing affordability crisis continues to push more prospective buyers out o

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Construction Wages Grow at Fastest Rate in Decades Despite Recession Threat

ENR Construction

Associated Builders and Contractors chief economist Anirban Basu is predicting a recession in 2023.

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The Ultimate Procurement Software Buyer’s Guide

Choosing the right procurement software is a crucial step in ensuring third-party risk management, process governance, and bidding efficiency. With so many procurement solutions to choose from, it can be overwhelming without a frame of reference and a solid starting point. This free buyer’s guide will cover: Benefits of Procurement Software –– Why do you need it?

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Pennsylvania Superior Court Places Time Limit on Good Faith Withholding Under CASPA

Constructlaw

Constructural Dynamics, Inc. v. Thomas P. Carney, Inc. , No. 1104 EDA 2021, 2022 Pa. Super. Unpub. LEXIS 1500 (Pa. Super. July 1, 2022), reargument denied (Sept. 8, 2022). Thomas P. Carney, Inc. (Carney), a concrete subcontractor, hired Silvi Concrete Products, Inc. (Silvi), a concrete supplier, to supply concrete for the foundation for construction of a luxury hotel in Philadelphia.

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DroneDeploy Acquires Structionsite, Promises Integrated Reality Capture

ENR Construction

Aerial reality capture SaaS platform DroneDeploy has agreed to acquire StructionSite in order to strengthen its ground game. .

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Bamboo Scaffolding in Hong Kong

Natural Building

Hong Kong is one of the last places in the world where bamboo is still widely used for scaffolding in construction. It’s flexible, strong and cheaper than metal alternatives that are now more commonly used around the world. In Hong Kong, skilled armies of scaffolders can erect enough bamboo to engulf a building in a day – even hours – using techniques that are thousands of years old, and have been passed down through generations.

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2022 Top 600 Contractors: Firms Face COVID Pains

ENR Construction

With pandemic-related bottlenecks still a mainstay in markets, firms are working smarter to solve supply chain issues.

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Stop Making These Mistakes and Start Scaling Your Specialty Contractor Business

Anything that is built on a poor foundation will soon crumble from the ground up. This is literally the case in the construction stage of projects and it applies just the same during the pre-construction stage. This free eBook is your ultimate guide to scaling your business with customizable software as early as during the bidding stage.

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Ill. Labor Dept. Orders Contractor to Pay $500K for Prevailing Wage Violations

ENR Construction

Bulk Storage Inc. must provide back pay to employees after failing to meet prevailing wage and benefits requirements.

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2022 Top 600 Contractors: Firms Face COVID Pains

ENR Construction

With pandemic-related bottlenecks still a mainstay in markets, firms work smarter to solve supply chain issues.

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Ferrovial Sells UK-based Amey Group to Private Equity Investors

ENR Construction

Spain-based contractor has agreed to sell British services unit in a deal with an enterprise value of $443 million.

Equity 41
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October 2022 City Scoop: Riverside, Calif.

ENR Construction

Dodge offers data on projected 2022 construction starts in the Riverside area.

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The Specialty Contractor's Guide to Job Cost Accounting

Supply chain challenges and rising material costs are forcing specialty contractors to pay more for what they need to complete each job. Following a simple set of principles, this easy-to-follow guide can help you manage job costs, ease the pains of accounting, and run a more profitable businesses. If you are a Specialty Contractor or Self-performing GC, you do not want to miss out on this essential guide!

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October 2022 City Scoop: Portland

ENR Construction

Dodge offers data on projected 2022 construction starts in the Portland area.

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Pulse: Project News for the Week of October 17, 2022

ENR Construction

Project news from Dodge Data & Analytics.

News 41