McCarthy Lab Renovation Project includes Unique Equipment for Washington University in St. Louis

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St. Louis, Mo. — McCarthy Building Companies, Inc. served as construction manager for a research laboratory fit-out project recently completed at Washington University in St. Louis, Missouri. McCarthy worked with Washington University to finish the interior and install specialized equipment in an existing 15,000-square-foot space in Rudolph Hall on the Danforth Campus. The new space is the home of the Institute of Materials Science & Engineering, established in July 2013 to foster a culture of interdisciplinary materials science research and education at the university. Washington University, with McCarthy’s assistance, installed a new, $3-million, Secondary Ion Mass Spectrometer, one of only … Read more

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New Water Resources Legislation Provides Needed Reforms, Investments

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The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in response to the release of the final version of the joint House-Senate conference committee's Water Resources Reform & Development Act: “The release of this water resources bill is yet another sign that investing in infrastructure is something members of both parties in both houses of Congress can and do support. Republicans and Democrats alike understand and appreciate the economic wisdom of improving our aging system of inland waterways, harbors, ports, locks and dams. They also clearly support the need to adequately … Read more

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ASLA Announces Commitment to Industry Statement on Resilience

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WASHINGTON, D.C. — For the first time, leaders of America’s design and construction industry, along with building owners and operators, have agreed to promote resilience in contemporary planning, building materials, design, construction and operational techniques to help make the nation’s aging infrastructure more safe and secure. CEOs of almost two dozen leading design and construction industry associations, with more than 700,000 members generating almost $1 trillion in GDP, used the occasion of “Building Safety Month” to issue a joint statement on resilience, which can be found here. The statement was unveiled at a press conference at the National Building Museum, … Read more

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Nonresidential Construction Index Continues to Grow

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NRCI = 65.8 RALEIGH, N.C. — FMI announces the release of the 2014 Second Quarter Nonresidential Construction Index report. The NRCI shows slight improvement of a 0.9 point increase from Q1 and a 5.7 point increase from Q2 2013. Although growth continues, it is beginning to slow indicating that the economy still holds a lingering recession mentality. The largest repercussion of this mindset is that it keeps companies from investing, banks from lending and consumers from spending. Thus, the pressure to keep prices low continues along with the need for greater profitability, leading to two key challenges: How to improve … Read more

Filed under: Economic News, News

Gilbane's Spring 2014 Construction Economics Report Confirms Industry Job Growth Improvement

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PROVIDENCE, R.I. — Gilbane Building Company announced the spring 2014 edition of its in-house economics report, Construction Economics—Market Conditions in Construction, confirms that while construction jobs grew less than anticipated in 2013, they grew by 156,000 last year with hours worked increasing by 3 percent—the equivalent of an additional 150,000 jobs. Year to date, the industry has gained 88,000 jobs in 2014 with job growth exceeding 25,000 per month over the last three months. “I am pleased to see that job growth has improved industrywide, however, the construction workforce is still near a 15-year low, about 20 percent below the … Read more

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