Tax Credits, Incentives, Policy Changes and New Infrastructure Investments Designed to Jumpstart Construction Activity, Employ Thousands, Boost Broader Economic RecoverySPARKS, Nev. – The Associated General Contractors of America unveiled a new plan today designed to revive the hardest hit sector of the economy, the nation’s construction industry. The plan, “Build Now for the Future: A Blueprint for Economic Growth,” is designed to reverse predictions that construction activity will continue to shrink through 2010, crippling broader economic growth. “The problems facing the construction industry aren’t just devastating construction workers, they are crippling our broader economy,” said Stephen Sandherr, the association’s chief … Read more
OSHA Document Describes Silica Control
WASHINGTON, D.C. – Controlling Silica Exposures in Construction, a guidance document recently published by the Occupational Safety and Health Administration addresses the control of worker exposure to dust containing crystalline silica, known to cause the lung disease silicosis. The publication, intended to assist employers in providing a safe and healthful workplace, includes methods for controlling silica such as wet cutting during construction operations. Wet cutting controls silica dust generated when using hand-held saws, grinders and jackhammers. Wetting materials at the point of impact makes the dust particles heavier and more likely to stick to each other, reducing the chance of … Read more
ABC Construction Backlog Indicator up 8.9%
Washington, D.C. — Associated Builders and Contractors (ABC) reports that the nation's Construction Backlog Indicator (CBI) for July rose 8.9 percent to 6.1 months from 5.6 months in June. The CBI is a gauge on the amount of construction work to be completed, measured in time, currently under contract. “While the magnitude of the monthly increase was significant and impressive, June was the lowest point for the CBI since ABC began collecting national data in November 2008. At that time, the CBI stood at 7.1 months, or 14 percent above its current level of 6.1 months,” said ABC … Read more
Total Construction Spending Expected to Keep Falling in 2010
Rebound expected in 2011 and 2012 LEXINGTON, MASS. — Because of a collapse in nonresidential construction and despite an expected recovery of residential building in the second half of 2009, total construction spending on an annual basis is expected to fall 12 percent this year and 4 percent in 2010, according to the Third Quarter U.S. Construction Briefing by IHS Global Insight’s Construction Service. Real total construction spending is expected to rebound with double-digit growth on an annual basis in 2011 and 2012, according to the IHS Global Insight forecast. The mixed outlook for the construction market mirrors the mixed outlook for the … Read more
Ohio State Trustees Affirm $1B ProjectONE Medical Center Plan
COLUMBUS, Ohio — Architecture and construction plans for ProjectONE, an expansion project for The Ohio State University that will significantly advance the Medical Center’s education and research programs and improve patient care, were approved today on September 18 by The Ohio State University Board of Trustees. This is one of the largest job-generating initiatives in Ohio's history. It is projected to create as many as 10,000 new full-time jobs and more than 5,000 construction jobs. ProjectONE will provide the community with $1.7 billion in annual economic impact by 2015, which is in addition to the more than $4 billion in … Read more