ABC’s Construction Confidence Index Surges in Q1

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WASHINGTON, D.C. – Despite ongoing concerns regarding labor force availability and rising interest rates, and emerging concerns regarding tariffs and construction materials prices, construction contractors emerged from the first quarter of 2018 with tremendous confidence, according to the Associated Builders and Contractors Construction Confidence Index. Each of the three indices—sales, profit margins and staffing levels—increased during the first quarter and remain well above the threshold reading of 50. The CCI for sales expectations increased from 67.1 to 72.2 during the first quarter of 2018 The CCI for profit margin expectations increased from 60.7 to 63.4 The CCI for staffing levels … Read more

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Brasfield & Gorrie Selected to Build Newest Addition to Toringdon Development

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CHARLOTTE, N.C. – Trinity Capital Advisors will begin construction of Toringdon 7 this month, the seventh and final office building in South Charlotte, North Carolina’s Toringdon Office Park. The eight-story, 198,195-square-foot building’s shell construction is scheduled for completion by summer 2019. Toringdon 7 features nearly column-free floorplans, floor-to-ceiling windows and a four-per-thousand parking ratio, along with unmatched visibility from I-485 and Community House Road. The general contractor is working on several projects in the area for Trinity Capital Advisors, including 2200 Perimeter Park, Perimeter Five, Perimeter Six and Syneos Health Headquarters.

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Construction Costs Soar in May, Outpace Contractor Pricing

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Construction costs accelerated again in May, with steep increases for a wide range of building and road materials, including many that are subject to tariffs that could drive prices still higher, according to an analysis by the Associated General Contractors of America of new Labor Department data. Association officials say that the construction industry will bear a heavy share of the tariffs’ costs. “Prices jumped at double-digit annual rates for metals, lumber and plywood, and diesel fuel, while ready-mixed concrete, asphalt paving and roofing materials also had unusually large increases,” said the association’s chief economist, Ken Simonson. “The cost of … Read more

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Future of Construction Project Management in the Cloud

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INDIANAPOLIS, Ind. – The promise of the cloud meets the power of construction project scheduling with a recently formed new partnership. Catalyst, a U.S. seller and services provider for Asta Powerproject and Oracle Primavera, has joined forces with the cloud hosting company LoadSpring, to offer the software packages on reliable, access-anywhere cloud servers. Hosted software is an inevitable and logical trend for growing firms, the new partners say. While the construction industry is notably risk averse and a latecomer to cloud adoption, the flywheel has started to turn and many more mid-to-large construction companies are seeing it as a competitive … Read more

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First U.S ‘Next-Generation’ Biomanufacturing Plant Amgen Comes to Rhode Island

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PROVIDENCE, R.I. – Amgen will expand in Rhode Island, with a new $160-million, next-generation biomanufacturing plant that will be the first of its kind in the United States. The facility, which will produce approximately 150 new highly skilled manufacturing jobs, will be supported by incentives from Rhode Island’s innovative toolkit of economic development programs. “I am thrilled that Amgen is planning to expand and bring new, highly skilled jobs to Rhode Island and further enhance the State’s life sciences community and manufacturing expertise,” said Governor Gina M. Raimondo. “We welcome Amgen’s future health care advancements for patients around the world … Read more

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