SAN DIEGO — Reno Contracting has recycled more than 60,000 tons of waste from construction projects since the beginning of 2009, accounting for an average 72% of construction debris diverted from going to a landfill. This amount is the equivalent of three football fields, each 100 feet deep. Reno Contracting is one of the leading build-to-suit general contractors in Southern California. Last year, Reno launched a new business group, Reno ESP (Efficient Sustainable Practices), to help commercial building owners enhance the energy and environmental efficiencies of new and existing buildings and structures while driving down operating costs. Energy efficiency is … Read more
OSHA Establishes Safety Partnership for Construction of Hanover Park, Ill., Police Headquarters
HANOVER PARK, Ill. — The U.S. Department of Labor’s Occupational Safety and Health Administration has established a partnership with Leopardo Construction Cos., Illinois Onsite Safety and Health Consultation, the Chicago Regional Council of Carpenters and the city of Hanover Park to address hazards in the construction industry, and to promote effective safety and health programs during the construction of the Hanover Park Police Headquarters project. “This partnership reflects our mutual recognition of the importance we place on construction workers’ safety and health,” said Kathy Webb, OSHA’s area director in North Aurora, Ill. “We want to ensure all construction companies are … Read more
Material Prices Jump 0.9% in December While Bids Stay Flay
Latest Producer Price Index Figures Show Double-Digit Hikes in 2010 for Copper, Steel, Aluminum, Diesel, Even As Prices Contractors Charge for Finished Structures Remain Flat Construction firms are facing increasing pressure in December as nearly every material used by contractors rose in price, while bid prices for new buildings remained flat, according to an analysis of December producer price index figures released today by the Associated General Contractors of America. Association officials warned that the price squeeze on contractors is likely to intensify in 2011 as global demand for construction materials grows and domestic demand for construction services remains weak. … Read more
Mortenson Research Provides Insight into Today's Construction Environment
Minneapolis, MN — Mortenson Construction today released findings from three industry studies covering the areas of healthcare, design-build, and wind energy. The studies incorporate feedback from architecture, engineering, construction, development, and owner organization professionals in order to identify the challenges and opportunities facing these key market segments. “We are excited to provide our findings to customers and business partners in the hope that it brings a deeper level of understanding regarding industry trends,” said Steve Pekala, manager of market intelligence at Mortenson. “While challenging conditions have impacted each of the segments we studied, respondents expressed optimism that 2011 will bring … Read more
Tutor Perini Corporation Acquires Fisk Electric Company
SYLMAR, Calif. — Tutor Perini Corporation, a leading civil and building construction company announced that it has completed the acquisition of Fisk Electric Company, a privately held electrical construction company, with fiscal year 2010 revenues of approximately $305 million and a backlog of $190 million. Under the terms of the transaction, Tutor Perini acquired 100% of Fisk’s stock for $105 million in cash plus an amount to be determined based upon Fisk's operating results for 2011-2013. Tutor-Perini stated that the transaction will be financed using proceeds from the bond transaction closed in October 2010. Fisk is based in Houston and … Read more