Mon.Dec 05, 2022

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How AI is Transforming the Construction Industry

The Constructor

Construction is an ancient industry, with roots dating back to the very first civilizations. It’s also an industry that has been largely unchanged for centuries. But all of that is starting to change, thanks to the advent of artificial intelligence (AI). AI is already beginning to transform many industries, and construction is no exception. Construction […].

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Modularity: The Bigger Picture

Autodesk Construction Cloud

Modular construction is known for saving time and money but has bigger picture potential to impact the future of the construction workforce. Despite so many aspects of the economy and daily lives stalling during the pandemic, modular construction took off. The need to rapidly add or adjust space paved the way for modular solutions which helped meet urgent needs for affordable housing, healthcare facilities and data center capacity, among other things, quickly.

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Home Prices Are Plummeting in These 49 Regional Markets

Pro Builder

Home Prices Are Plummeting in These 49 Regional Markets. ldeakins. Mon, 12/05/2022 - 10:14. Pressurized affordability from elevated home prices paired with fast-rising mortgage rates is propelling a nationwide housing correction, and these markets are among the first to see big changes. Throughout the past two years, an ever-rising share of homebuyers has been pushed out of the for-sale market by consecutive mortgage rate hikes and a 42.3% jump in U.S. home prices, and according to Fortune, that

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Italy's Webuild Cancels Acquisition of Australian Contractor Clough

ENR Construction

Planned $237M purchase ends after few weeks, with Italian contractor missing deadline for $20M loan to prop up Clough finances, and "no reasonable prospect" of deal being completed, firms say.

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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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Software for Home Builders: Why It Isn’t Working

Pro Builder

Software for Home Builders: Why It Isn’t Working. ibush. Mon, 12/05/2022 - 12:14. Software systems offer home builders real operational advantages, but several stumbling blocks continue to undermine success. Scott Sedam, Contributing Editor. Here’s a common scenario for many home builders: After spending real money to procure the latest business software (and possibly paying a monthly stipend per housing start or closing), as well as making the necessary preparations, adjustments, coding tweaks,

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Home Delistings Reached Record High in November as Buyer Demand Softened

Pro Builder

Home Delistings Reached Record High in November as Buyer Demand Softened. ldeakins. Mon, 12/05/2022 - 10:20. With little to no offers in a market plagued by soaring mortgage rates and elevated home prices, a growing number of sellers are being forced to delist their properties . A record high 2% of all U.S. homes for sale were delisted each week during the 12 weeks ending Nov. 20 as both buyers and sellers retreated from a for-sale market in the throes of a major correction.

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Report: Gordie Howe Bridge Completion Could be Delayed to Summer '25, Gets Downgraded

ENR Construction

An August report from analyst Standard & Poor's says that the design-build contractor on the $5.7-billion Gordie Howe Bridge is facing substantial delays due to incomplete designs and unknown conditions on the Michigan Interchange portion of the project.

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Tampa Startup Introduces First 3D-Printed Home to the Bay Area

Pro Builder

Tampa Startup Introduces First 3D-Printed Home to the Bay Area. ldeakins. Mon, 12/05/2022 - 10:29. Tampa-based Click, Print, Home recently unveiled its first 3D-printed residential project in the Tampa Bay area. Tampa startup Click, Print, Home recently listed its first 3D-printed residential project in the Tampa Bay area, a three-bedroom, two-bathroom home with an asking price of $599,300.

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New York University Will Invest $1B in Engineering School Expansion

ENR Construction

Investment includes purchase of existing building adjacent to Brooklyn, N.Y., facility new build and renovations, and enlarged faculty and research funding.

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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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Housing Affordability in California Fell to a 15-Year Low in August, but a Market Correction Could Help

Pro Builder

Housing Affordability in California Fell to a 15-Year Low in August, but a Market Correction Could Help. ldeakins. Mon, 12/05/2022 - 10:34. Buying a home in California is anything but affordable after a two-year run-up in regional housing costs, but as the market cools, the Golden State is seeing a complete reversal in home price growth. California has seen one of the fastest run-ups in statewide home prices this year, but as the for-sale market slows, it’s now seeing the most substantial price

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Troutman Pepper Serves as Specialty Construction Counsel in $4.2 Billion Redevelopment Project at John F. Kennedy International Airport

Constructlaw

NEW YORK – Troutman Pepper, as specialty construction counsel, represented a consortium of investors consisting of Vantage Airport Group, JetBlue, American Triple I, and RXR Realty in a deal to build, finance, and operate a new US$4.2 billion passenger terminal at New York’s John F. Kennedy International Airport (JFK). The financial close of the deal was announced on November 17.

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Your IBS 2023 Preshow Planner

Pro Builder

Your IBS 2023 Preshow Planner. ibush. Mon, 12/05/2022 - 11:00.

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Report: Gordie Howe Bridge Finish Could Delay to 2025

ENR Construction

Standard & Poor's says design-build contractor on the $5.7-billion U.S.-Canada crossing faces substantial delays due to incomplete designs and unknown conditions on the project's Michigan Interchange portion. .

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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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Panasonic Energy Recovery Ventilators improve in-home air quality

Pro Builder

Panasonic Energy Recovery Ventilators improve in-home air quality. kcichowicz. Mon, 12/05/2022 - 12:21. Panasonic Energy Recovery Ventilators remove stale, contaminated indoor air and replace it with fresh filtered air for healthy living in every space. Indoor Air Quality. sponsored.

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Probes Underway of North Carolina Substation Gunfire Causing Shutdown

ENR Construction

Shots damaged two Duke Energy substations in Moore County and knocked out power to estimated 45,000 customers, as search for perpetrator mounts and utility estimates days to fully restore service.

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Physical Asset Management Optimization: People, Processes, Information, and Technology

Job Order Contracting

Physical asset management optimization requires the integration of People, Processes, Information, and Technology. People come first. Integrating internal and external Planning, Procurement, and Project Delivery Team under supportive and committed leadership is step one. Any failure in this area severely restricts any subsequent efforts or investments made to achieve significant improvements in efficiency.

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California Specialty Contractor of the Year: Pent-Up Demand Fuels Firm’s Growth Jolt

ENR Construction

Collins Electric, California Specialty Contractor of the Year, has rebounded from the pandemic downturn and has plans for a bigger future.

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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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Nonprofits Offer Training on Affordable Housing Energy Upgrades

ENR Construction

The training would include guidance on leveraging government spending packages like the Infrastructure Investment and Jobs Act.

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California & Northwest On The Scene: December 2022

ENR Construction

Reports from key industry events in the California/Northwest region.

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California & Northwest Industry News: December 2022

ENR Construction

What's happening in the California/Northwest region.

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December 2022 City Scoop: San Jose

ENR Construction

Rich data from Dodge Data & Analyitics.

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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!