AIA Releases 13 New, Updated Contract Documents

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WASHINGTON, D.C. – The American Institute of Architects is releasing 13 new and updated contract documents that will assist architects and contractors with protecting their projects and businesses. AIA Contract Documents regularly works with architects, contractors, subcontractors and owners to ensure AIA contracts and forms meet industry needs. One of the most notable changes among this set of updated contracts includes the new Contractor-Subcontractor Master Agreement and its accompanying work order. The new agreement allows a contractor and subcontractor to agree to a predefined set of terms and conditions that will apply to multiple scopes of work. Another significant update … Read more

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Nonresidential Spending Retains Momentum in September, up 8.9% Year Over Year

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WASHINGTON, D.C. – National nonresidential construction spending fell 0.3 percent in September but remains historically elevated, according to an Associated Builders and Contractors recent analysis of U.S. Census Bureau data. Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate in September, an increase of 8.9 percent on a year-ago basis. Note that August’s estimate was revised almost a full percent higher from $762.7 billion to $769.1 billion, the highest level in the history of the series. Private nonresidential spending increased 0.1 percent in September while public nonresidential spending decreased 0.8 percent for the month. “Virtually no … Read more

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San Diego Residential Tower Tops Out

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SAN DIEGO, Calif. – To celebrate the topping out—or having just poured the top floor of the 240-foot-tall residential tower now under construction at Westfield UTC in San Diego, California—the project’s general contractor, Suffolk, will host a worksite ceremony on Nov. 2 to mark the project milestone. Slated to open to residents in 2019, the tower is being developed by Unibail-Rodamco-Westfield. The project team also includes design architect Joseph Wong Design Associates, with Greystar serving as the development advisor and managing the tower long term. The 23-story residential tower at Westfield UTC will feature 300 residences—all with private balconies—in studio, … Read more

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Construction Employment Rises by 23K Jobs in September, 315K for Year

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Construction employment increased by 23,000 jobs in September and by 315,000 jobs over the past year, reaching a 10-year high, while the industry’s unemployment rate decreased more than half-a-percentage point to 4.1 percent from a year earlier, according to an analysis of new government data by the Associated General Contractors of America. Even as firms increase headcount and increase pay, a survey by the association suggests that this expansion is threatened by a lack of skilled craft labor. “The construction industry added workers and increased pay in the past year at rates higher than the overall economy,” said Ken Simonson, … Read more

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September Construction Starts Settle Back 5 Percent

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NEW YORK, N.Y. –New construction starts in September fell 5 percent from the previous month to a seasonally adjusted annual rate of $709.6 billion, according to Dodge Data & Analytics. The September downturn followed 9 percent declines in both July and August, as the pace of construction starts has now pulled back for the third month in a row after reaching the current year’s high in June. By major sector, nonresidential building weakened further in September, sliding 6 percent. Nonbuilding construction dropped 13 percent in September, due to sharp retrenchment for the electric utility/gas plant category while public works held … Read more

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