Dodge Momentum Index Declines in October

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NEW YORK, N.Y. — The Dodge Momentum Index fell 4.8 percent in October to 125.2 (2000=100) from its September reading of 131.5. The index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The October decline for the index nearly reverses September's large gain (up 5.2 percent), which had been fueled by a sharp jump for institutional building projects at the planning stage. The institutional building sector so far in 2015 has trended upward, but with some volatility […]

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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 […]

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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 […]

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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 […]

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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 […]

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