NASA Building Earns 2015 Federal Energy and Water Management Award

  • Posted on

PHILADELPHIA, Pa., and WASHINGTON, D.C. — The National Aeronautics and Space Administration Integrated Engineering Services Building in Hampton, Virginia, has been recognized with a 2015 Federal Energy Management Program Better Buildings Award by the U.S. Department of Energy. Hill International was the construction manager on the project working on behalf of the U.S. General Services Administration. The FEMP Better Buildings Award recognizes individuals and organizations who demonstrate significant contributions to energy and water efficiency within the federal government. This annual award program highlights outstanding achievements in sustainable practices in high-performance facilities, conserving energy and water efficiency, showcasing the use of … Read more

Filed under: eNewsTagged with: , , , ,

ABC Predicts Continued Growth for Construction

  • Posted on

WASHINGTON, D.C. – Associated Builders and Contractors forecasts a continued steady economic recovery for the U.S. commercial and industrial construction industries in 2016. Despite a weak global economy, the industry’s solid economic recovery in 2015 should continue in 2016, led by strong consumer spending. “As the mid-phase of the economic recovery continues, ABC forecasts growth in nonresidential construction spending of 7.4 percent along with growth in employment and backlog,” said ABC Chief Economist Anirban Basu. “The mid-phase of the recovery is typically the lengthiest part and ultimately gives way to the late phase, when the economy overheats. The current recovery … Read more

Filed under: eNewsTagged with: , ,

Building Cost Index Reflects Construction Activity Increase

  • Posted on

Turner Construction Company announced that the Fourth Quarter 2015 Turner Building Cost Index – which measures costs in the nonresidential building construction market in the United States – has increased to a value of 959. This reflects a 1.05 percent increase from the Third Quarter 2015 and a 4.58 percent yearly increase from the Fourth Quarter 2014. Overall construction activity remained stable through the Fourth Quarter, with slight increases in the West, and greater increases in the South and Southeast. The reduced cost of fuel is offsetting most material cost increases and fluctuations. “The high volume of work underway continues … Read more

Filed under: eNewsTagged with: , ,

ELFA Reveals Top 10 Equipment Acquisition Trends for 2016

  • Posted on

WASHINGTON, D.C. — The Equipment Leasing and Finance Association, which represents the $1-trillion equipment finance sector, recently released its Top 10 Equipment Acquisition Trends for 2016. Given U.S. businesses, nonprofits and government agencies will spend over $1.6 trillion in capital goods or fixed business investment (including software) this year, financing a majority of those assets, these trends impact a significant portion of the U.S. economy. Businesses will find opportunities for equipment investment as solid market conditions and an improving U.S. economy prevail over global headwinds and potential policy changes. ELFA forecasts the following Top 10 Equipment Acquisition Trends for 2016: … Read more

Filed under: eNewsTagged with: , , ,

Seventy-One Percent of Construction Firms Plan to Expand Headcount

  • Posted on

Seventy-one percent of construction firms plan to expand their payrolls in 2016 as contractors expect a range of public and private markets to grow, according to survey results recently released by the Associated General Contractors of America and Sage Construction and Real Estate. The survey, conducted as part of The Challenges Facing a Growing Industry: The 2016 Construction Industry Hiring and Business Outlook, indicates that contractors foresee a positive year despite tight labor conditions, regulatory burdens and IT security challenges. “The construction industry will continue to recover in 2016 as many firms add to their headcount amid growing demand in … Read more

Filed under: eNewsTagged with: , ,