Marcum Releases Q1 2023 Report

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The Marcum Commercial Construction Index for the first quarter of 2023 reports that the construction industry retains momentum despite still-elevated inflation and ongoing labor shortages.  Despite that momentum, the combination of high interest rates and tightening credit conditions, along with a dour economic outlook, means that construction activity could slow in the latter part of 2023. Manufacturing-related construction continued to outpace the nonresidential segment. Residential construction volumes faded during the first quarter, though some parts of the segment have fared better than others. The industry continued to add workers at a faster pace than the broader economy during the first quarter. Labor … Read more

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CONEXPO-CON/AGG Caps Mental Health Awareness Efforts with CIASP Donation

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CONEXPO-CON/AGG is backing construction professionals during Mental Health Awareness Month with a $5,000 donation to the Construction Industry Alliance for Suicide Prevention. The money will be directed to its construction mental health support efforts. According to Kim MacDonald, CEO of 13 Factors for Business Growth and presenter on mental health in the construction industry at CONEXPO-CON/AGG, people need to look at the risk factors and hazards that exist in the work itself and address where possible, mitigate those risks. For those who would like to contribute to CIASP and help prevent suicide in the construction industry, click here.

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Logistics Property Company Breaks Ground on Oak Forest Logistics Center

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Logistics Property Company has begun construction on a new logistics center in Oak Forest, Illinois. The nearly 665,000-square-foot development is located with immediate access to the I-57 four-way interchange at 167th Street, just two miles from the I-57 and I-80 interchange and three miles from I-294. Located 24 miles from downtown Chicago, the building will feature four drive-in doors, 117 exterior docks and parking for 116 trailers and more than 500 cars. The general contractor is FCL Builders, with Architects Plus Design Studio as the architect and SPACECO as the civil engineer. Oak Forest Logistics Center will deliver at the … Read more

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AISC Releases New Seismic Standard for Existing Steel Buildings

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A new standard, Seismic Provisions for Evaluation and Retrofit of Existing Structural Steel Buildings (ANSI/AISC 342-22), is now available as a free download from aisc.org/standards. The AISC Committee on Specifications developed and approved the document as a revision to the structural steel provisions in the 2017 edition of ASCE/SEI 41, Seismic Evaluation and Retrofit of Existing Buildings. The next release of that standard will likely adopt ANSI/AISC 342-22 in chapter 9. The document is free to download; a printed version will be available for purchase from aisc.org/publications this summer.

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