First Quarter Marcum Construction Index Reports Increasing Costs, Labor & Material Shortages, Rising Interest Rates

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The Marcum Commercial Construction Index for the first quarter of 2022 reports that the construction industry faces increasing costs and shortages of both labor and materials, as well as rising interest rates. The residential sector has maintained its momentum while weakness continues to characterize the nonresidential sector. “While overall contractor confidence has dipped a bit recently, many contractors continue to expect growth in sales, employment and even profit margins over the next six months,” said Anirban Basu, Marcum’s chief construction economist and author of the report. “Despite rising costs of capital, demand for construction services remains elevated. Many contractors report … Read more

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Western New York Construction Leaders Join Gilbane Building Company in Buffalo

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John Yerico and Sean Sullivan have joined Gilbane Building Company’s Western New York team. The addition of these veteran team members continues to bolster the company’s strategic growth and expertise to support clients throughout the region. John Yerico brings 32 years of construction-related experience and will be serving as general superintendent on the media optimization project at Thermo Fisher Scientific. Prior to Gilbane, he worked for Athenex Pharmaceuticals as its senior director of engineering, construction and maintenance. His versatile background includes roles as foreman, superintendent, project manager, branch manager, senior project manager and department director throughout his career. Specializing in … Read more

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Project Features Installation of 8 Tesla Coils, Largest Display of its Kind

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The Tech Port Center + Arena in San Antonio, Texas, has recently been completed. The facility is in the middle of the 1,900-acre campus, which already houses more than 80 employers and 14,000 employees. Sundt Construction served as the general contractor on the project. The $60-million Center + Arena is a state-of-the-art place for entertainment experiences. The 130,000-square-foot facility features a 3,200-seat arena that will host various entertainment events, including esports competitions, concerts and large training programs. The center will also be the new home of the San Antonio Museum of Science and Technology, which will host numerous exhibits, demonstrations … Read more

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Bosch Power Tools Releases Next-Gen BLAZE Laser Measures

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Bosch Power Tools has released the newest generation of its BLAZE Laser Measures, equipped with 11 different measuring functions and a range up to 65 feet. Built for complete durability with full, rubber-overmold housings protecting every impact point, and IP65 ratings, this second generation of BLAZE laser measures is made to withstand tough conditions in applications from HVAC, concrete masonry, woodworking and more. BLAZE brings dual-power source to the laser measure world, powered by two standard AA batteries or the GLM-BAT (Lithium-Ion battery pack) extended runtime. In addition to improved durability, the second generation of laser measures offers a wide … Read more

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TrueLook Releases New Jobsite Surveillance Technology

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TrueLook has released a jobsite surveillance feature designed to reduce theft at construction sites and minimize the risk for loss of time, money and equipment. This type of technology is expected to be a complete game-changer when it comes to jobsite monitoring. TrueLook’s Jobsite Surveillance protects jobsites by identifying perpetrators in real time, verifying threats and contacting law enforcement to stop criminals in the act. The new feature works by following these steps: Utilizing TrueLook’s Intelligent Motion Alerts, customers can select the areas and hours they want visibility on their jobsite. Typically, these hours are when no one should be … Read more

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