AIA Launches Online Contract Document Service with ACD5

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WASHINGTON, D.C. — The American Institute of Architects announced the launch of ACD5, the powerful new online contract document service that offers anytime, anywhere access to more than 180 AIA Contract Documents forms and agreements. ACD5 enables users to create, access, edit, share and store contract documents instantly from any computer, delivering exceptional accessibility and flexibility. The new platform also offers upgraded document management features and more custom purchase options while delivering the comprehensive protection for which AIA Contract Documents is known.   “As the evolution of the current AIA Contract Documents software platform, ACD5 is absolutely transformational for busy … Read more

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OSHA Extends Comment Period on Proposed Silica Rule

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WASHINGTON, D.C. — The U.S. Department of Labor's Occupational Safety and Health Administration is extending the public comment period for the Notice of Proposed Rulemaking on Occupational Exposure to Crystalline Silica to Feb. 11.   In response to concerns raised about possible public confusion due to an error on www.regulations.gov, the federal government’s online portal for submitting rulemaking comments, the deadline has been extended from Jan. 27 to Feb. 11 to allow stakeholders additional time to comment on the proposed rule. To submit comments using www.regulations.gov, stakeholders may click on the “COMMENT NOW!” box next to the title “Occupational Exposure … Read more

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Equipment Lease Finance Industry Confidence Much Higher in January

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WASHINGTON, D.C. — The Equipment Leasing & Finance Foundation has released the January 2014 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $827-billion equipment finance sector. Overall, confidence in the equipment finance market is 64.9, the highest confidence level in two years, and an increase from the December index of 55.8. An improved general outlook for economic activity among industry leadership contributed to the increase. When asked about the outlook for … Read more

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Kraus-Anderson, Elion Partners Form Joint Venture to Redevelop Woodbury Campus

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WOODBURY, Minn. — Kraus-Anderson and Elion Partners, a Florida-based national real estate investment firm, announced a new joint venture that will redevelop a 100-acre corporate campus at Interstate 94 and Radio Drive   in Woodbury, Minn. The high-profile property will be transformed into a 700,000-square-foot commercial development with shops, restaurants and additional office space, as well as plans for a hotel, bank, two medical office buildings and a day care.   The property includes 300,000 square feet of new construction plus an existing 400,000-square-foot office building. The joint venture expects the new development on the 100-acre site to include valuable … Read more

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Another Decline for Architecture Billings Index

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WASHINGTON, D.C. — Following consistently increasing demand for design services throughout most of 2013, the Architecture Billings Index has posted its first consecutive months of contraction since May and June of 2012.   As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to twelve-month lead time between architecture billings and construction spending.   The American Institute of Architects reported the December ABI score was 48.5, down from a mark of 49.8 in November.   This score reflects a decrease in design services (any score above 50 indicates an increase in billings).   The new projects … Read more

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