Strong market competition reduces overall increase in construction costsNEW YORK — Turner Construction Company announced that the Fourth Quarter 2010 Turner Building Cost Index has slightly increased over the Third Quarter of 2010. The Turner Building Cost Index measures costs in the non-residential building construction market in the United States. The Turner Building Cost Index of 801 reflects a 0.38% increase over the Third Quarter 2010. However, overall construction costs have decreased by 0.25% when measured in comparison to the Fourth Quarter of 2009. Karl F. Almstead, the Turner vice president responsible for the Turner Building Cost Index said, “The … Read more
FMI Releases Nonresidential Construction Index (NRCI) for the Fourth Quarter, 2010
With stimulus winding down, contractors prepare for competition in lean markets RALEIGH, N.C. — FMI, the largest provider of management consulting, investment banking and research to the engineering and construction industry, reported that as of the 4th quarter, the NRCI has been in positive territory for three quarters in a row, but only slightly positive. Most of the major components are down, but expectations for markets are improving slightly. As we begin the new year, nonresidential contractors will focus less on chasing stimulus projects and more on finding private work to fill their backlogs. When asked if the ARRA stimulus … Read more
ASU Building wins DBIA Award, Achieves LEED Gold Status
The Arizona State University College of Nursing & Health Innovation Phase II building (NHI2) recently won the Design-Build Institute of America’s National Design-Build Award for an Education facility over $25 million, and was one of two buildings, out of hundreds of entries nationwide, to be nominated for the Best Overall Award. In addition, NHI2 has achieved LEED New Construction (LEED-NC) Gold certification from the United States Green Building Council, making it one of just a few LEED-NC Gold certified buildings in Phoenix. To be considered for the DBIA National Design-Build Awards, projects must demonstrate successful application of design-build principles, including … Read more
Chicago Construction Companies Join Forces to Improve Safety
Chicago, Ill. — Six prominent Chicago construction competitors have put competition aside, joining forces to develop and implement safe work practices, and affect positive changes in construction safety, to ultimately achieve incident and injury free construction throughout Illinois. Bovis Lend Lease, Gilbane Building Company, Kenny Construction Company, Mortenson Construction, Power Construction Co., LLC and Turner Construction Company, each committed to the safety of workers and the public, met recently to celebrate the creation of Build Safe Chicago, committed to providing a safe workplace and sending all workers home injury free each day. Build Safe Chicago, recognizing that working together will … Read more
Construction Employment Expands in 29 States between September and October as Employment Situation Remains “Volatile”
Arizona and Texas Add the Most Construction Jobs, While Florida and Minnesota Lose the Most During the Past Month; Construction Employment Remains Lower in 39 States Compared to Last Year Construction employment expanded in 29 states between September and October, while fewer people are working in construction compared to last year in 39 states, the Associated General Contractors of America reported in an analysis of state employment data released today by the Labor Department. The new figures continue a nearly year-long trend of ups and downs in construction employment as the industry performs stimulus-funded work yet grapples with broad market … Read more



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