U.S Construction Starts Fall Below Expectations in Q3

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ATLANTA, Ga. — U.S. construction starts came in slightly below expectations during the third quarter, with stronger activity in the civil engineering sector being more than offset by weaker growth in the residential and non-residential segments. Residential starts continued to post a healthy pace of annual growth, and the apparent weakness in the non-residential segment may be overstated due to upward revisions in historical data, according to CMD’s latest quarterly forecast report. The Q4 forecast, which combines CMD’s proprietary data with macroeconomic factors, showed construction starts are expected to grow 6.8 percent in 2015, a little less than CMD’s Q3 … Read more

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Balfour Beatty Honored with Best of the Best Build San Diego Award

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SAN DIEGO, Calif. — Balfour Beatty Construction has been presented with a Build San Diego Award by the San Diego Chapter of the Associated General Contractors, Inc. The honor recognizes the company's Las Colinas Women's Detention and Reentry Facility (phase I) project as a “Best of the Best” construction project in the Unique Special Project category. The award was recently presented during the AGC Awards Banquet in San Diego and marks the 12th industry award bestowed upon this project. The project encompasses the first phase of a two-phase contract for Design-Build services from the County of San Diego, California Department … Read more

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Hensel Phelps Wins Design-Build Project of the Year Award

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The Design-Build Institute of America has recognized Hensel Phelps with the Design-Build Project of the Year award for the Benjamin P. Grogan and Jerry L. Dove Federal Building in Miramar, Florida. Hensel Phelps took home a total of five awards for this project at the DBIA National Awards dinner, including a National Award of Merit, National Award of Excellence (Federal, County, State, Municipal), Excellence in Process, Excellence in Design (Architecture) and the aforementioned Project of the Year. As a 2015 National Award of Merit winner in the Federal, County, State, Municipal category, this building was eligible for consideration for the … Read more

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Annual Turner Construction Company Innovation Summit Brings Together Thought Leaders

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Turner Construction Company held its second Innovation Summit Nov. 3-5, bringing together a diverse group of employees and business leaders to share knowledge, learn from each other's experience and collaborate to develop and evaluate innovative ideas. The summit featured discussions and workshops led by prominent innovation leaders, including featured keynote speaker Capt. Michael Abrashoff, expert in innovation leadership and author of New York Time's bestseller “It's Your Ship.” Additionally, Cary Evert, CEO of Hilti, talked about Hilti's innovation and Lean journey and their leadership strategies around organizational transformation, as well as their focus on improving employee and customer satisfaction. Rob … Read more

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Construction Employment at Highest Level since 2009, Unemployment Rate at 6.2%

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Construction firms added 31,000 workers in October as the industry’s unemployment rate declined to 6.2 percent amid robust demand for construction, according to a recent analysis by the Associated General Contractors of America. Association officials noted that construction employment is now at the highest level since February 2009 as the sector continues to recover from the downturn. “The industry continues to recover while the hiring slowdowns it experienced during the summer were prompted more by labor shortages than they were any slump in demand,” said Ken Simonson, the association’s chief economist. “Construction firms appear to have had an easier time … Read more

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