NEW YORK — McGraw-Hill Construction released its 2012 Dodge Construction Outlook Midyear Update projections, which revise the forecasts provided last October at the firm’s annual Outlook Conference in Washington, D.C. The Outlook Midyear Update predicts that total construction starts for the U.S. will increase 2 percent this year to $445 billion, up from the $434 billion reported for 2011. While slightly better than the flat performance for 2012 construction starts predicted last fall, the updated forecast still portrays an industry struggling to gain upward momentum. “The construction industry has yet to move from a hesitant up-and-down pattern to more sustained … Read more
Analysis Shows Cost of Hiring Quotas for Federal Construction Contractors Underestimated
Administration officials significantly underestimated the cost to construction employers of proposed new hiring quotas for federal contractors according to a new analysis released by the Associated General Contractors of America. According to the analysis, a proposed new hiring quota for the disabled would cost employers 30 times more than officials predict, while a new hiring quota for veterans would cost employers 20 times more than originally estimated. “The administration has grossly underestimated the financial and administrative burdens that these new rules would impose, particularly on small businesses,” said Brian Turmail, the association's spokesperson. “If the proposed rules take effect, many … Read more
First Commercial Solar Energy Project on American Indian Trust Lands Given Green Light
WASHINGTON, D.C. — As part of the Obama Administration's all of the above approach to American energy, Secretary of the Interior Ken Salazar approved a 350-megawatt solar energy project on tribal trust land of the Moapa Band of Paiute Indians (Tribe) in Clark County, Nev. The project marks a milestone as the first utility-scale solar project approved for development on tribal lands, and is one of the many steps the administration has taken to help strengthen tribal communities. The project is also the 31st utility-scale renewable energy project that Interior has approved since 2009 as part of a Department-wide effort … Read more
Final Beam Placed on First Office Tower at World Trade Center
Silverstein Properties President and CEO Larry A. Silverstein was joined by approximately 1,000 construction workers and other New York government, civic and business leaders at a topping out ceremony marking the completion of steel erection for the new 4 World Trade Center — the first office tower that will be completed and opened on the original 16-acre World Trade Center site. The final steel beam, which weighed 8 tons and was adorned with an American flag, was signed by Silverstein and other dignitaries. It was then raised 977 feet in the air and placed at the top the 72-story tower. … Read more
Clark/McCarthy Team Gets Down and Dirty at Camp Pendleton World Famous 10K Mud Run
SAN DIEGO, Calif. — A team of 66 employees of McCarthy Building Companies, Inc., stepped up the firm's tradition of charitable community involvement by participating in the World Famous Mud Run on June 16 aboard the Camp Pendleton Base north of Oceanside, Calif. This year's Mud Run was held at the military base over three consecutive weekends. Proceeds raised from the race benefited the Camp Pendleton Armed Services YMCA. McCarthy employees — 45 men and 21 women — comprised almost half of the 155-member Clark/McCarthy team, which together raised a total of $5,000 to help military members and their families. … Read more




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